MEXC CEO Establishes Communication with FinCEN and Receives Confirmation

MEXC CEO Vugar Usi stated that the team has established communication with the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury through a U.S. law firm. FinCEN confirmed that it received a written request on Monday morning, and the team is ready for full cooperation. Currently, the platform's deposit, withdrawal, and trading functions are operating normally. The official will continue to update on the progress. Vugar Usi also mentioned that the compliance analysis service provider Elliptic has restored MEXC Global to the regular "exchange" category in its system and removed the special risk tag. MEXC is seeking to engage in constructive communication with FinCEN and has initiated an independent review of anti-money laundering (AML) and sanctions compliance control measures.

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