MEXC Says Withdrawals Continue as FinCEN Orders US Financial Cutoff

MEXC said withdrawals are still processing after FinCEN ordered the exchange to cut off US financial institutions, a ban that takes effect 30 days after its publication in the Federal Register. The exchange has launched an independent review of its anti-money-laundering and sanctions controls. The order matters because it restricts MEXC's ability to move dollars through US banks, potentially complicating deposits and redemptions for US-facing users. Watch whether MEXC publishes the review's findings and whether the 30-day window brings further enforcement or a negotiated remedy.