A post by @binance on X.

Binance has imposed enhanced compliance measures after FinCEN designated MEXC as a primary money laundering concern, effective immediately restricting transactions involving MEXC, MEXC Global and related entities. The exchange advised users to avoid sending funds to, receiving funds from, or otherwise transacting through Binance with MEXC. The move follows a U.S. regulatory designation that raises compliance risk for counterparties exposed to the smaller exchange. The restrictions apply at the Binance level rather than to MEXC's own operations, leaving open how long the measures stay in place. Traders and market makers who route liquidity between the two venues face the most immediate disruption. What to watch next is whether other major exchanges follow Binance's lead and whether MEXC addresses FinCEN's concerns to lift the designation.