US Treasury cuts off MEXC over alleged $16B in illicit transactions
Summary
The United States Treasury has directed domestic financial institutions to halt transaction processing for the MEXC Global platform. This regulatory action follows allegations that the cryptocurrency exchange handled billions of dollars in illegal financial transfers.
The US Treasury bureau FinCEN on Friday ordered US financial institutions to stop processing transfers involving MEXC Global.
Source: Read the full story at Cointelegraph.com News
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