Binance’s November 10, 2026, notice said it would reject requests to send funds to MEXC addresses and review direct or indirect transactions involving listed entities. FinCEN’s separate U.S. order is scheduled to prohibit covered financial institutions from transmitting funds to or from MEXC Global starting December 10, 2026. (Binance notice; FinCEN order in the Federal Register)
Treat the Binance notice and FinCEN order as separate measures: they have different scopes and effective dates.
What Binance’s notice says about transfers
Binance’s notice says requests to send funds to MEXC addresses will be rejected. It also says direct or indirect transactions involving MEXC, MEXC Global, affiliates or related entities may receive further review, and affected funds or accounts may be temporarily restricted while that review is underway.
That covers more than an outgoing transfer request: the notice also advises against receiving funds from or otherwise transacting through Binance involving those entities. It does not specify the outcome for a particular account or wallet route.
Who and what FinCEN’s order covers
The order applies to covered financial institutions, which are prohibited from transmitting funds to or from MEXC Global as defined in the order. That definition includes MEXC Global’s subsidiaries, branches, offices and successor entities operating outside the United States; it expressly excludes MEXC affiliates located in the United States. The order does not direct every exchange worldwide to adopt Binance’s policy.
| Measure | Coverage | Timing |
| Binance’s platform notice | Transactions involving MEXC, MEXC Global, affiliates or related entities; requests to send funds to MEXC addresses are to be rejected, while other direct or indirect transactions may be reviewed. | The November 10 notice said the restrictions applied immediately. |
| FinCEN’s order | Covered financial institutions; MEXC Global as defined in the order, including specified foreign-operating entities and excluding U.S.-located MEXC affiliates. | Published November 10, 2026; scheduled to take effect December 10, 2026, with no cessation date. |
The two measures therefore affect different parties: Binance’s notice sets out how Binance will handle transactions on its platform, while FinCEN’s order imposes a prohibition on covered financial institutions. Readers looking for broader finance and investing coverage can also visit NTV88.
What FinCEN’s figures describe
For May 2021 through May 2026, FinCEN assessed that MEXC Global facilitated $16.7 billion in funds connected to Russian illicit finance and other illicit activities. The order separately assessed nearly $1.5 billion in direct and indirect exposure to transactions linked to Russian sanctions evasion, including $232 million in direct transactions with entities sanctioned by the United States, the European Union and/or the United Kingdom.
FinCEN also assessed nearly $2 billion in transactions connected to identified Iranian actors or known or suspected terrorist groups during that period, including approximately $1.87 billion with exposure to Iran. These figures are findings and assessments stated in FinCEN’s administrative order.
