Add as a preferred source on GoogleMEXC CEO Says Elliptic Removed Exchange’s Special-Risk Marker
Usi said deposits and withdrawals continued to operate normally, with withdrawals rising but remaining orderly. MEXC has started an independent review of its anti-money laundering and sanctions controls.
MEXC CEO Vugar Usi said Elliptic returned MEXC Global to its standard “exchange” category and removed a special-risk marker from its system. His update addressed recent attention surrounding a FinCEN-related order.
Usi described the exchange’s deposit and withdrawal services as operating normally. He said withdrawal activity had increased but remained orderly, and that user assets were safe.
Usi said MEXC has started an independent review of its anti-money laundering and sanctions controls. The exchange is seeking constructive engagement with the U.S. Financial Crimes Enforcement Network (FinCEN), respects users’ decisions to withdraw and plans to provide further updates, he said.
Elliptic is a compliance analytics service provider.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.