Treasury Cuts Crypto Exchange MEXC Off From US Financial System

FinCEN has issued an order barring U.S. institutions from any transfers to or from MEXC, a cryptocurrency exchange. The order is part of Operation Economic Outcast. The U.S. Treasury says the cryptocurrency exchange facilitated $16 billion in illicit finance tied to Iran, North Korea and Russia. Under the prohibition, U.S. institutions cannot send or receive any funds through MEXC. The action cuts the exchange off from the U.S. financial system.