Breaking! The U.S. Treasury has taken action against MEXC (the Matcha exchange)!
The U.S. Treasury announced that it will cut off financial transactions between MEXC Global and the U.S. financial system.
Officials allege that MEXC was involved in at least $16 billion in illicit transactions, including sanctions evasion and cybercrime linked to Iran, North Korea, and Russia.
This is not an ordinary warning: U.S. financial institutions are being directly prohibited from processing fund transfers involving MEXC.
However, the ban has not taken effect immediately, and it does not mean that users worldwide are prohibited from withdrawing funds.
If you have substantial assets on MEXC, keep a close eye on future announcements.
The regulatory storm in the crypto world appears far from over.
$BTC $BNB $ZEC
The U.S. Treasury announced that it will cut off financial transactions between MEXC Global and the U.S. financial system.
Officials allege that MEXC was involved in at least $16 billion in illicit transactions, including sanctions evasion and cybercrime linked to Iran, North Korea, and Russia.
This is not an ordinary warning: U.S. financial institutions are being directly prohibited from processing fund transfers involving MEXC.
However, the ban has not taken effect immediately, and it does not mean that users worldwide are prohibited from withdrawing funds.
If you have substantial assets on MEXC, keep a close eye on future announcements.
The regulatory storm in the crypto world appears far from over.
$BTC $BNB $ZEC
