FinCEN Sets 30-Day Deadline for U.S. Financial Cutoff of MEXC

U.S. financial institutions must cut off MEXC 30 days after a FinCEN order is published in the Federal Register, while the exchange says customer withdrawals remain available.

The order establishes a 30-day period before the U.S. transfer ban takes effect. The countdown is tied to publication in the Federal Register, which starts the deadline. Financial institutions are the parties covered by the cutoff.

MEXC said it has begun an independent review of its anti-money laundering and sanctions controls. The exchange also says customer withdrawals remain available. That update describes withdrawal access at MEXC, while the order sets a separate timetable for financial institutions.

The 30-day window means the restriction does not take effect immediately upon publication. Its effective timing follows the Federal Register notice, and MEXC’s stated withdrawal status is that customers can continue withdrawing. The developments concern separate issues: the financial institutions’ deadline and the exchange’s withdrawal availability. Publication remains the trigger that defines when the cutoff takes effect.