$The crypto industry is facing another regulatory challenge.
On November 6, the U.S. Treasury accused MEXC of facilitating over $16 billion in transactions allegedly linked to illicit finance.
MEXC has now responded, saying it is reviewing the matter with its legal and compliance teams. The exchange also says its platform is operating normally.
This is a serious development, especially for centralized exchanges.
It also raises an important question about regulatory compliance and user protection across the crypto industry.
What do you think? Could this situation affect confidence in centralized exchanges?