US Treasury just moved to cut off MEXC over $16 billion in alleged illicit flows.
What's reported (CoinDesk):
• FinCEN alleges at least $16B tied to Iranian, North Korean and Russian sanctions evasion and cybercrime
• Order rests formally on alleged Russian dealings
• Takes effect 30 days after Federal Register publication
• MEXC says it's reviewing and operating normally
It's the largest exchange ever targeted under this provision. Compliance risk is now a real factor in where traders keep funds, with $BTC stuck near $75.7K and sentiment fragile.
Will more offshore exchanges face similar orders in 2027: yes or no?
#FinCEN #MEXC #CryptoRegulation $BNB
What's reported (CoinDesk):
• FinCEN alleges at least $16B tied to Iranian, North Korean and Russian sanctions evasion and cybercrime
• Order rests formally on alleged Russian dealings
• Takes effect 30 days after Federal Register publication
• MEXC says it's reviewing and operating normally
It's the largest exchange ever targeted under this provision. Compliance risk is now a real factor in where traders keep funds, with $BTC stuck near $75.7K and sentiment fragile.
Will more offshore exchanges face similar orders in 2027: yes or no?
#FinCEN #MEXC #CryptoRegulation $BNB