🚨 BREAKING: The US Treasury moves to cut MEXC Global off from the American financial system over at least $16B in alleged illicit transactions. 🏦
US financial institutions will be barred from processing transfers involving the exchange, starting 30 days after Federal Register publication. It is not a worldwide ban or an automatic freeze of customer assets.
My take: Regulators are tightening their grip on offshore platforms that move money beyond traditional controls. ⚖️
Should exchanges be held responsible for what users do on their platforms? 🤔
Follow me for breaking crypto news 🔔
#BreakingNews #CryptoNews #Regulation
US financial institutions will be barred from processing transfers involving the exchange, starting 30 days after Federal Register publication. It is not a worldwide ban or an automatic freeze of customer assets.
My take: Regulators are tightening their grip on offshore platforms that move money beyond traditional controls. ⚖️
Should exchanges be held responsible for what users do on their platforms? 🤔
Follow me for breaking crypto news 🔔
#BreakingNews #CryptoNews #Regulation
