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Crypto & Bitcoin

BREAKING: US Imposes Severe Sanctions on Major Cryptocurrency Exchange!

Reported by Mete Demiralp, Bitcoin Sistemi

Image: Bitcoin Sistemi

The US Treasury Department announced it has blocked cryptocurrency exchange MEXC Global from accessing the US financial system. Officials stated the exchange facilitated at least $16 billion in illicit financial transactions linked to circumventing sanctions against Iran, North Korea, and Russia. The Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury Department has just announced new sanctions targeting MEXC Global. The decision, taken under Operation Economic Outcast, prohibits U.S. financial institutions from processing money transfers linked to MEXC Global.

This is an excerpt. The reporting belongs to Bitcoin Sistemi.

Read the full report on en.bitcoinsistemi.com
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