The US Treasury's Financial Crimes Enforcement Network has issued an order under its Operation Economic Outcast initiative that cuts MEXC off from the American financial system. U.S. financial institutions are now barred from sending or receiving transfers involving the exchange. Treasury says MEXC helped move about 16 billion in illicit funds linked to Iran, North Korea and Russia.
For anyone tracking exchange compliance, this is a notable example of regulators using financial-system restrictions against a platform rather than only targeting individual wallets. What do you think it means for offshore exchanges serving global users? $BTC $USDT
Source: https://decrypt.co/382758/treasury-cuts-off-crypto-exchange-mexc-us-financial-system
#Riopay #Crypto #CryptoNews #Binance
For anyone tracking exchange compliance, this is a notable example of regulators using financial-system restrictions against a platform rather than only targeting individual wallets. What do you think it means for offshore exchanges serving global users? $BTC $USDT
Source: https://decrypt.co/382758/treasury-cuts-off-crypto-exchange-mexc-us-financial-system
#Riopay #Crypto #CryptoNews #Binance
