The US Treasury Department has severed ties with MEXC Global, a cryptocurrency exchange, after allegedly supporting $16 billion in transactions connected to Iran, North Korea, and Russia.
Source
"Treasury Cuts Off MEXC Global Over Alleged $16B in Transactions Linked to Iran, North Korea, and Russia" — The Block
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Block. Read the full original report at the link above.
The Treasury's actions are likely to have significant implications for the exchange's operations and its users in the US.