Turkish cryptocurrency exchange Paribu has suspended deposits originating from MEXC Global and withdrawals directed to the platform, effective November 13, 2026, following a US Treasury enforcement action targeting MEXC’s access to the American financial system. The decision extends the operational consequences of the US restrictions into Türkiye, where Binance TR had already introduced similar controls earlier in the week.
In a Turkish-language announcement published November 12, Paribu said the restrictions cover MEXC Global Limited and its affiliated entities. Deposits received from those platforms from November 13 onward will be returned, while outgoing transfers to MEXC will no longer be processed.
Paribu confirmed that cryptocurrency buying and selling on its own platform will continue unaffected. Customers also do not need to take action regarding assets already held in their accounts.
Paribu will return incoming MEXC deposits
Paribu’s restriction applies specifically to transfers between its platform and MEXC-related entities, rather than to all cryptocurrency deposits, withdrawals or trading activity.
The distinction creates two different outcomes for customers. Transfers from Paribu to MEXC are suspended, while deposits originating from MEXC will be returned instead of being credited to the receiving account.
Paribu has not specified how quickly returned deposits will be processed, how it will handle funds already in transit when the restriction began, or whether transfers through intermedary wallets will face additional screening.
Those details are still missing from the short announcement. A cryptocurrency transfer can be executed on a blockchain before the receiving exchange determines whether it can accept the funds, leaving the handling of rejected deposits dependent on the receiving platform’s procedures.
The November 13 implementation follows Binance’s decision to block MEXC-related transfers on November 10. Binance said it would reject outgoing transfers to identified MEXC entities, temporarily withhold incoming deposits for compliance review and potentially impose additional account restrictions.
Binance TR separately announced restrictions on November 10, confirming that withdrawals to MEXC entities would be cancelled and incoming deposits suspended for compliance checks.
Paribu’s approach differs in one operational detail: it expressly says deposits recieved from MEXC will be returned, whereas Binance and Binance TR describe temporary withholding and compliance reviews. Neither approach establishes a common industry-wide procedure for customers attempting to recover rejected transfers.
FinCEN prohibition becomes effective December 10
The restrictions follow the November 6 enforcement action by the US Financial Crimes Enforcement Network (FinCEN), which designated MEXC Global a foreign financial institution of primary money laundering concern in connection with Russian illicit finance.
FinCEN accused the exchange of facilitating approximately $16.7 billion in transactions associated with sanctions evasion, cybercrime and other illicit activity between May 2021 and May 2026.
The findings included nearly $1.5 billion in transactions with direct or indirect exposure to Russian sanctions evasion, alongside substantial transfers involving Iranian entities, North Korean financial facilitators and cybercrime networks.
DaveFinances previously examined the US Treasury’s $16.7 billion findings against MEXC, including transactions involving sanctioned exchanges and the legal scope of the measure.
Under the FinCEN order published in the Federal Register on November 10, covered US financial institutions will be prohibited from transmitting funds to or from MEXC Global, including convertible virtual currency transactions.
The prohibition takes effect December 10, 2026, with no specified expiration date. It extends to MEXC’s foreign subsidiaries, branches, offices and successor entities, while excluding affiliates located in the United States from the defined foreign institution.
Paribu’s November 13 restriction therefore takes effect 27 days before the US prohibition becomes enforceable. The dates are seperate, as are the legal obligations.
FinCEN’s measure directly governs covered US financial institutions. It does not impose an immediate universal prohibition on every foreign cryptocurrency exchange dealing with MEXC, nor does it require MEXC to close its international trading platform or freeze all customer assets.
The earlier decisions by Paribu, Binance and Binance TR reflect the firms’ own implementation of transfer restrictions following the US action. Their announcements do not establish that Turkish regulators separately ordered Paribu to suspend MEXC transactions.
MEXC faces growing restrictions across exchanges
The latest announcement adds another counterparty restriction as MEXC attempts to address the allegations raised by US authorities.
In its November 7 response, MEXC maintained that the platform was operating normally and customer assets remained secure. The exchange said its legal and compliance teams were reviewing FinCEN’s order and that it intended to engage with relevant regulators.
MEXC also announced an independent assessment of its anti-money-laundering and sanctions controls. As previously reported in MEXC’s independent compliance review, the company had not disclosed the reviewer, a completion deadline or whether the findings would be made public.
The firm has not publicly explained how it intends to preserve existing transfer relationships with exchanges that have already restricted transactions involving its wallets.
The practical impact is becoming more visible. Customers using MEXC alongside Turkish exchanges now face different receiving policies depending on the platform, with Paribu describing returned deposits and Binance TR describing temporary compliance holds.
There is no disclosed figure for the volume of MEXC-related transfers historically processed by Paribu, so the financial impact on either exchange cannot be quantified from the announcement. The number of affected users is not availble either.
For MEXC customers, the immediate operational restrictions have arrived ahead of the US legal deadline. Paribu’s November 13 decision adds to the exchange’s narrowing transfer options, while the unresolved questions concern the treatment of transactions already in flight and how customers can retrieve funds rejected by receiving platforms.
Johan Shamshad is Editor-in-Chief at Dave Finances, covering financial markets, digital assets, trading platforms, brokers, fintech, payments and regulation. Since 2023, he has also worked as an editor at Gulf News, the UAE English-language newspaper published by Al Nisr Publishing LLC. His work focuses on market-moving developments, company disclosures, regulatory changes and trading infrastructure, with an emphasis on primary-source verification and practical context for traders and investors.