U.S. Treasury moves to cut off crypto exchange MEXC over $16 billion in alleged illicit flows
Summary
The United States Treasury is taking action to disconnect the digital asset platform MEXC due to accusations of handling billions of dollars in unlawful transactions. This enforcement follows allegations that the cryptocurrency exchange facilitated illegal financial activities linked to Russia.
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
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