US Treasury Bans MEXC Exchange Over Alleged $16B in Illicit Transactions
The US Treasury has ordered crypto exchange MEXC Global cut off from the American financial system over allegations that it processed $16.7 billion linked to illicit activity. The November 6 announcement says the Financial Crimes Enforcement Network (FinCEN) will prohibit US financial institutions from sending or receiving funds involving MEXC. The restriction covers cryptocurrency transfers The post US Treasury Bans MEXC Exchange Over Alleged $16B in Illicit Transactions appeared first on BeInCrypto.
Key Takeaways
- The US Treasury has ordered crypto exchange MEXC Global cut off from the American financial system over allegations that it processed $16.7 billion linked to illicit activity.
- The November 6 announcement says the Financial Crimes Enforcement Network (FinCEN) will prohibit US financial institutions from sending or receiving funds involving MEXC.
- The restriction covers cryptocurrency transfers The post US Treasury Bans MEXC Exchange Over Alleged $16B in Illicit Transactions appeared first on BeInCrypto.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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