U.S. Treasury moves to cut off crypto exchange MEXC over $16 billion in alleged illicit flows
Summary
The U.S. Treasury is taking action to restrict crypto exchange MEXC due to accusations involving billions in illegal financial transactions. Authorities state the regulatory move is part of ongoing efforts targeting illicit finance linked to Russia and Iran.
Treasury billed the move as part of its campaign against Iran, but the order rests on MEXC's alleged role in Russian illicit finance.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.