Reserve Suspends Liquidity Provision for LCAP and CMC20 on MEXC

Reserve has announced that it will stop providing liquidity for LCAP and CMC20 on the MEXC platform and will withdraw the related liquidity funds. This decision stems from an order issued by the U.S. Financial Crimes Enforcement Network (FinCEN), which has cut off MEXC Global's access to the U.S. financial system. The directive states that MEXC Global is involved in at least $16 billion of illegal transactions, including activities that evade sanctions against Iran. Reserve indicated that the liquidity of these two tokens on other exchanges (including on-chain) will not be affected.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.