Treasury says it has severed MEXC Global from the U.S. after it allegedly supported $16 billion in transactions connected to Iran.
This story was originally published by The Block.
The U.S. Treasury’s Financial Crimes Enforcement Network issued a final order Friday that will cut offshore exchange MEXC Global off from the American banking system over alleged links to sanctions…
The United States Treasury Department sanctioned four individuals and 41 firms connected with Prince Group of Cambodia on November 5. The firms that were targeted are engaged in offshore businesses…
FinCEN’s order, part of Operation Economic Outcast, bars U.S. institutions from any transfers to or from MEXC, which Treasury says facilitated $16 billion in illicit finance tied to Iran, North Korea…
The US Treasury bureau FinCEN on Friday ordered US financial institutions to stop processing transfers involving MEXC Global.
The Treasury Department has withdrawn a controversial proposal that would have expanded requirements for cryptocurrency transactions.
TRM Labs executive Ari Redbord called for governments to take offensive action against North Korean hackers following the record $6.3 billion Binance theft.
