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Tag: Simplex

MEXC Compliance Update — Red-Flag Warning

Crypto Compliance Charlene Lensburg -
MEXC is certainly one of the most notorious crypto exchanges when it comes to compliance violations. FinTelegram has already pointed this out several times. But the number of negative customer reviews is also increasing. FinTelegram has repeatedly flagged the crypto-exchange MEXC for opaque structures and unlicensed operations.

The Role of Cryptocurrencies in Facilitating Illegal Online Gambling Operations!

Crypto Payments Charlene Lensburg -
With the rapid adoption of cryptocurrencies, the global landscape of illicit businesses, particularly in the online gambling sector, has seen a significant expansion. Despite heightened regulatory scrutiny, cryptocurrencies continue to operate beyond national borders, enabling illegal online casinos and gambling platforms to thrive. This phenomenon has created substantial challenges for authorities.

Whistleblower Request: Investigating the Red-Listed Crypto Exchange MEXC and Its Ties to Lithuanian EMI Paytend

Crypto Schemes Ben -
FinTelegram has consistently flagged the crypto exchange MEXC, placing it on the Red Compliance List due to multiple regulatory warnings and poor customer feedback. We revealed that MEXC processes its FIAT transactions for cryptocurrency purchases via MEXC Estonia OÜ, which holds a crypto license in Estonia. This Estonian entity, in turn, uses Paytend Europe UAB, d/b/a s Paytend, a Lithuanian-regulated e-money institution, to handle FIAT payments through bank transfers.

“Binance Style” Crypto Exchange MEXC Secures Another Regulatory Warning Issued by Spanish CNMV!

Crypto Schemes tamir -
FinTelegram has already issued several warnings against the crypto exchange MEXC, which is apparently operated by Asians, and has shown how this "Binance-style" crypto exchange operates globally without regulatory permission with millions of customers. Recently, the Spanish CNMV also issued a warning after the German BaFin, the Austrian FMA, the UK FCA and other regulators had already issued warnings. FinTelegram has placed MEXC on the Red Compliance List.

Caution Urged: Another Regulatory Warnings Against Crypto Exchange MEXC!

Crypto Schemes Charlene Lensburg -
Recent months have witnessed a concerted effort by U.S. authorities, including the Department of Justice, the FinCEN, and regulatory bodies such as the SEC and the CFTC, to clamp down on crypto exchanges flouting financial laws and regulatory norms. However, the landscape in Europe presents a contrasting scenario where exchanges like MEXC continue their operations amidst allegations of illegal activities and regulatory infractions. Recently, the Hong Kong SFC warned against MEXC.

Another Regulatory Warning Against Crypto Exchange Gate.io and ClavisChain!

Crypto Schemes Ben -
A few weeks ago, we put the crypto exchange Gate.io on our Orange Compliance List due to obvious regulatory problems, and recently, the Austrian Financial Market Authority FMA issued a warning against ClavisChain and in this context also against Gate.io. The FMA failed to provide further explanations in its investor warning. ClavisChain looks like a clone of Gate.io. We advise all traders to exercise extreme caution with ClavisChain and Gate.

FinTelegram Research: The Alarming Ascension of Crypto-Powered Cybercrime and the Dire Forecast for the Future!

Cybercrime tamir -
The evolution of cybercrime, supercharged by the anonymity and versatility of cryptocurrency, presents a harrowing vista for the future of global financial security. An exhaustive analysis of warnings from top financial regulators—such as the UK's FCA, Spain's CNMV, Germany's BaFin, and Italy's Consob—reveals a chilling trend. Scammers are increasingly leveraging crypto to orchestrate their fraudulent schemes, exploiting its potential to sidestep traditional financial safeguards with unnerving efficiency.

Canadian BCSC Issued Warning Against Red Listed Crypto Exchange P2B!

FinTelegram Charlene Lensburg -
The crypto exchange P2B, which is operated by a company in Lithuania, was placed on the Red Compliance List by FinTelegram a few weeks ago due to identified compliance violations. Among other things, P2B allows the listing and trading of crypto tokens that clearly qualify as security tokens according to the applicable criteria. Recently, the Canadian regulator BCSC in British Columbia issued a warning against P2B.

Crypto Exchange MEXC: Secures Scam Level Rating On TrustPilot; Issues Crypto Debit Card With Paytend!

Crypto Schemes tamir -
FinTelegram has already issued several warnings against the crypto exchange MEXC. The points we criticized have still not been resolved. The website does not provide any information on the operators or regulations. These are essential details whose absence automatically results in a red flag. We found the Lithuanian EMI Paytend to be the payment processor for bank transfers. On Trustpilot, MEXC secured a 1.9-star rating with a poor trust level. Here is our update.

Crypto Exchange P2B Downgraded To Red Compliance!

Red Compliance tamir -
At the beginning of December 2023, the REAL-TOK real estate token, which we placed on the black compliance list,...

Attention: Asian Crypto Scheme MEXC Appeals Against The Revocation Of Estonian License!

Crypto tamir -
The Estonian entity of the crypto scheme MEXC, MEXC Estonia OÜ, has appealed against the revocation of its license in court in Estonia. The appeal reinstated the license. Pending the court's decision, the license is therefore to be recognized as valid. It remains to be seen whether the court will confirm the FIU's revocation of MEXC Estonia's crypto license.

OK, That’s Binance! What About MEXC And Crypto Payment Processors?

Compliance tamir -
The crypto industry is struggling to find its place. This is currently most evident at Binance, which has just had to pay $4.3 billion to drop charges and lawsuits in the US. Binance CEO Changpeng Zhao had to resign and is to go to prison, say the prosecutors. In Europe, MEXC, a crypto exchange from Asia, is currently in the crosshairs of regulators, as are its partners such as MoonPay, Simplex, and Banxa. MEXC lost its Estonian license last week.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Contact us: [email protected]

Disclaimer: FinTelegram is an independent intelligence and compliance platform and does not provide investment, legal, or financial advice. Content published on this website, including references and links to third-party sources, is provided for informational, contextual, and educational purposes only and does not constitute a recommendation, endorsement, or solicitation. Readers must make their own independent assessment and obtain professional advice where appropriate. Past events and referenced materials are not a track record and should not be relied upon as an indicator of future results.

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