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US Treasury Cuts Off MEXC Exchange Over Alleged $16 Billion in Illicit Transactions
(2 hours ago) · 2 sources · Summarized by CryptoBipto
The US Treasury Department has taken action to cut off MEXC, a cryptocurrency exchange, over allegations that it facilitated approximately $16 billion in illicit transactions. The move effectively bars US persons and financial institutions from dealing with the exchange. The action represents one of the largest enforcement measures targeting a crypto exchange by the Treasury.
WHY IT MATTERS
The US Treasury is one of the most powerful financial agencies in the world.
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SOURCES
- cointelegraph.com
- beincrypto.com
RELATED
Treasury SanctionsAnti-Money LaunderingExchange RegulationIllicit FinanceMEXC
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