US Treasury Blocks MEXC Over $16B in Transactions Linked to Iran, Russia and North Korea

US Treasury moves to cut MEXC Global off from the US financial system over alleged illicit transactions. FinCEN identified at least $16 billion in transactions linked to sanctions evasion and other illicit activity. MEXC allegedly processed billions connected to Russian, Iranian and North Korean sanctions-evasion networks. The U.S. Treasury Department is moving to cut crypto exchange MEXC Global off from the U.S. financial system after identifying at least $16 billion in illicit transactions linked to sanctions evasion, cybercrime, and other illegal activity involving Iran, North Korea, and Russia.

Source: Coinpedia