Treasury Cuts Crypto Exchange MEXC Off From US Financial System
- Treasury is blocking US financial transfers involving MEXC.
- FinCEN alleges at least $16 billion in illicit activity.
- The order takes effect 30 days after Federal Register publication.
The US Treasury has ordered financial institutions to stop processing transfers to or from crypto exchange MEXC, accusing it of facilitating at least $16 billion in illicit transactions linked to Iran, North Korea and Russia. The move aims to restrict sanctions evasion and cybercrime by cutting the exchange…