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Door Remote - 08 Nov 2026
Today in crypto: Binance France is closing up shop in the country, as all accounts will be closed on Dec. 31. The US Treasury imposed financial sanctions on eight Canadian money-service companies it claims have done business with sanctioned Iranian entities, and the Treasury also moved to cut MEXC off from the US financial system over alleged illicit transactions.
Binance France emails announce closure of accounts Dec. 31Binance France is closing up shop in the country. Customers have been notified by email during early November, according to media reports.
All accounts will be closed on Dec. 31, and any assets left on the exchange will be charged monthly fees starting on Nov. 29, Cryptoast, Crypto Briefing and other media reported on Saturday, citing emails sent to users by Binance.
On that date, accounts still maintaining a balance will pay a monthly maintenance fee of 0.025% of the balance, or a minimum of 10 USDC, a stablecoin tracking the US dollar.
To avoid fees, withdrawals must be completed by Nov. 29, the exchange said.
US sanctions Canadian money-exchange firms over Iran tiesThe US Treasury imposed financial sanctions on eight Canadian money-service companies it claims have done business with sanctioned Iranian entities.
These companies facilitated the exchange of Iranian rials and other currencies for digital assets, enabling international transactions, a US Treasury Department statement said on Friday.
The sanctions, which serve to isolate the companies from the dollar-based financial system, are the latest in a series of Treasury moves against firms outside the US.
These businesses have facilitated transactions with sanctioned Iranian digital asset exchanges, as well as with digital asset addresses associated with Iran’s Islamic Revolutionary Guard Corps (IRGC), according to the Treasury.
US Treasury cuts off MEXC over alleged $16B in illicit transactionsThe US Department of Treasury on Friday issued an order to cut cryptocurrency exchange MEXC Global off from the US’ financial system after accusing it of facilitating at least $16 billion in transactions linked to sanctions evasion, cybercrime and other illicit activity.
The Treasury’s Financial Crimes Enforcement Network (FinCEN) asserted that MEXC handled transactions involving sanctioned groups in Iran, Russia and North Korea between May 2021 and May 2026. This included around $1.5 billion in transactions linked to Russian sanctions evasion, according to the official press release.
The order effectively bans US financial institutions from processing money transfers involving MEXC and will take effect 30 days after it is published in the Federal Register.
“Financial institutions cannot have it both ways: Either you support the Iranian regime, or you have access to the U.S. financial system,” said Secretary of the Treasury Scott Bessent. “Treasury will continue to sever the Iranian regime’s economic lifelines and thwart its desperate attempts to circumvent U.S. sanctions using digital assets.”
The action is part of Operation Economic Outcast, a US Treasury campaign launched in August with aims to cut off financial entities that help Iran evade sanctions.
According to DefiLlama, the exchange held about $4.48 billion in total assets as of Friday. Cointelegraph contacted MEXC for comment but had not received a response by publication.
Binance France emails announce closure of accounts Dec. 31Binance France is closing up shop in the country. Customers have been notified by email during early November, according to media reports.
All accounts will be closed on Dec. 31, and any assets left on the exchange will be charged monthly fees starting on Nov. 29, Cryptoast, Crypto Briefing and other media reported on Saturday, citing emails sent to users by Binance.
On that date, accounts still maintaining a balance will pay a monthly maintenance fee of 0.025% of the balance, or a minimum of 10 USDC, a stablecoin tracking the US dollar.
To avoid fees, withdrawals must be completed by Nov. 29, the exchange said.
US sanctions Canadian money-exchange firms over Iran tiesThe US Treasury imposed financial sanctions on eight Canadian money-service companies it claims have done business with sanctioned Iranian entities.
These companies facilitated the exchange of Iranian rials and other currencies for digital assets, enabling international transactions, a US Treasury Department statement said on Friday.
The sanctions, which serve to isolate the companies from the dollar-based financial system, are the latest in a series of Treasury moves against firms outside the US.
These businesses have facilitated transactions with sanctioned Iranian digital asset exchanges, as well as with digital asset addresses associated with Iran’s Islamic Revolutionary Guard Corps (IRGC), according to the Treasury.
US Treasury cuts off MEXC over alleged $16B in illicit transactionsThe US Department of Treasury on Friday issued an order to cut cryptocurrency exchange MEXC Global off from the US’ financial system after accusing it of facilitating at least $16 billion in transactions linked to sanctions evasion, cybercrime and other illicit activity.
The Treasury’s Financial Crimes Enforcement Network (FinCEN) asserted that MEXC handled transactions involving sanctioned groups in Iran, Russia and North Korea between May 2021 and May 2026. This included around $1.5 billion in transactions linked to Russian sanctions evasion, according to the official press release.
The order effectively bans US financial institutions from processing money transfers involving MEXC and will take effect 30 days after it is published in the Federal Register.
“Financial institutions cannot have it both ways: Either you support the Iranian regime, or you have access to the U.S. financial system,” said Secretary of the Treasury Scott Bessent. “Treasury will continue to sever the Iranian regime’s economic lifelines and thwart its desperate attempts to circumvent U.S. sanctions using digital assets.”
The action is part of Operation Economic Outcast, a US Treasury campaign launched in August with aims to cut off financial entities that help Iran evade sanctions.
According to DefiLlama, the exchange held about $4.48 billion in total assets as of Friday. Cointelegraph contacted MEXC for comment but had not received a response by publication.