US Treasury cuts MEXC Global from US financial system over $16B in Iran, Russia, North Korea sanctions evasion

The US Treasury, via FinCEN, has cut crypto exchange MEXC Global off from the US financial system, saying the exchange facilitated at least $16B in illicit transactions tied to Iranian, Russian and North Korean sanctions evasion and cybercrime. The restriction takes effect 30 days after Federal Register publication.

Detected & updated continuously · Source: Nebula