Treasury Department Designates MEXC Global Amid Sanctions Enforcement
Photo: Coinfomania
The U.S. Treasury Department has cut MEXC Global off from the U.S. financial system. This action comes as part of Operation Economic Outcast, targeting businesses enabling the Iranian regime. The Treasury’s Office of Foreign Assets Control designated eight money services businesses for sanctions violations, and @FinCENnews issued an order that effectively isolates MEXC Global from financial transactions in the U.S. This move underscores the escalating enforcement against companies facilitating illicit activities linked to Iran. Source The recent enforcement action by the U.S. Treasury Department marks a significant regulatory development, especially amid a mixed crypto market environment.
Source: Coinfomania
