U.S. Treasury Cuts Off MEXC From U.S. Financial System Over Alleged $16 Billion in Illicit Flows

FinCEN issued a final order under section 9714(a) barring U.S. financial institutions from sending or receiving funds with MEXC Global 30 days after publication in the Federal Register, citing at least $16 billion in alleged illicit activity. This post first appeared on Bitcoin Magazine and was written by Micah Zimmerman.