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Reserve says it will halt LCAP and CMC20 liquidity on MEXC after FinCEN order

NewsFeeds update

Reserve (RSR) says it and its market-making partners will stop providing liquidity for LCAP and CMC20 on MEXC Global and withdraw the funds, citing a FinCEN order that it says cuts the exchange off from the US financial system. Liquidity for both tokens elsewhere, including on-chain, is unaffected, Reserve says.

RegulationCoinNessAIBearish

Read the original on CoinNess

The story so far: FinCEN action against MEXC

FinCEN barred the crypto exchange MEXC from the US financial system over alleged sanctions evasion linked to Iran, North Korea and Russia. MEXC says operations are normal and Elliptic has restored its exchange category as it begins an independent review. OKX's Star now says users should avoid direct MEXC-to-OKX…

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  1. US Treasury blocks MEXC from US financial system over alleged sanctions evasion

  2. Reserve says it will halt LCAP and CMC20 liquidity on MEXC after FinCEN order

  3. MEXC says operations normal and plans talks with regulators after FinCEN order

  4. MEXC says Elliptic restores exchange category after FinCEN order

  5. FinCEN special measure on MEXC prompts reports of restricted deposits at OKX and others

  6. OKX's Star says avoid direct MEXC transfers as exchange tightens risk controls

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Every Regulation update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.