Exchange and fintech crypto access shocks
MEXC was reportedly sanctioned by US Treasury, Binance France is closing all accounts, and Nubank and Mercado Pago paused crypto transfers.
What we know
A report says FinCEN sanctioned MEXC over alleged sanctions evasion. Binance France will close all accounts Dec 31, with fees from Nov 29. Nubank and Mercado Pago paused crypto transfers, with Nubank blaming an outside provider. Brian Armstrong backs tokenized stock.
How the story developed
MEXC was reportedly sanctioned by US Treasury, Binance France is closing all accounts, and Nubank and Mercado Pago paused crypto transfers.
Binance's tracked assets rose $3.4B in the 2 days since withdrawals resumed after the hack, while Coinbase says it was unaffected.
Coinbase touts its custody safeguards after Binance's $6.3B incident and stopped a deepfake scam, while France advances a self-custody declaration rule.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.