$BTTC ⭕️ U.S. Treasury sanctions MEXC over $16 billion in suspicious transactions 🚨
FINCEN (Financial Crimes Enforcement Network), as part of “Economic Outcast,” ordered U.S. financial institutions to halt all transactions related to the MEXC exchange. The measure will take effect 30 days after its publication in the FEDERAL REGISTER.
🔸 Key points:
• 📊 MEXC processed at least $16 billion in suspicious transactions between 2021 and 2026.
• ⚖️ Around $1.5 billion was linked to evading Russian sanctions, including $232 million sent directly to sanctioned entities.
• 🏦 Nearly $1 billion in transactions were conducted with more than 40 Iranian exchanges, and $22 million with the IRGC.
• 🚨 Violating these restrictions could result in civil or criminal penalties for U.S. financial institutions.
📊 Source: News.Bitcoin.com | https://news.bitcoin.com/regulation-and-legal/us-treasury-blacklists-mexc-16b-alleged-illicit-crypto-activity/
@baxcryptonews
FINCEN (Financial Crimes Enforcement Network), as part of “Economic Outcast,” ordered U.S. financial institutions to halt all transactions related to the MEXC exchange. The measure will take effect 30 days after its publication in the FEDERAL REGISTER.
🔸 Key points:
• 📊 MEXC processed at least $16 billion in suspicious transactions between 2021 and 2026.
• ⚖️ Around $1.5 billion was linked to evading Russian sanctions, including $232 million sent directly to sanctioned entities.
• 🏦 Nearly $1 billion in transactions were conducted with more than 40 Iranian exchanges, and $22 million with the IRGC.
• 🚨 Violating these restrictions could result in civil or criminal penalties for U.S. financial institutions.
📊 Source: News.Bitcoin.com | https://news.bitcoin.com/regulation-and-legal/us-treasury-blacklists-mexc-16b-alleged-illicit-crypto-activity/
@baxcryptonews