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 block the cryptocurrency exchange MEXC due to accusations of processing massive amounts of illegal financial transactions. Authorities state that this enforcement action targets the platform over billions of dollars in suspected unlawful funds connected 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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