MEXC Says It Has Established FinCEN Communication Channel Amid U.S. Treasury Sanctions, Services Operating Normally

Global cryptocurrency exchange MEXC said it has established an official communication channel with the U.S. Financial Crimes Enforcement Network, or FinCEN, while its exchange services continue to operate normally.

On November 10, MEXC Chief Executive Officer Vugar Usi wrote on X that the exchange had set up a contact channel with FinCEN with support from major U.S. law firms. FinCEN confirmed it received a written request submitted by MEXC on Monday morning, U.S. time.

MEXC is fully prepared to cooperate with any requirements that arise in its communications with U.S. authorities, he wrote. He did not disclose the specific contents of the written request or whether authorities had taken any follow-up action.

The company also said exchange operations have not been disrupted. MEXC said the platform is operating normally and that crypto deposits, withdrawals and trading functions are all available as usual. It added that it will share its response plans once they are finalized.