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Binance Freezes Out MEXC Four Weeks Before U.S. Transfer Ban Applies

Binance Freezes Out MEXC Four Weeks Before U.S. Transfer Ban Applies
AI summary

Binance has begun refusing outbound transfers to MEXC and screening inbound ones, four weeks before FinCEN's ban on transfers involving MEXC takes effect on Dec. 10. The rule formally binds only U.S. financial institutions, but Binance is applying it early. Traders using MEXC face reduced liquidity and harder movement of funds between the two exchanges.

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