On the 6th local time, the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) issued an order prohibiting U.S. financial institutions from transferring funds with cryptocurrency exchange MEXC Global, effectively cutting off the exchange's access to the U.S. financial system. According to the department, the exchange facilitated transactions related to sanctions evasion and cybercrime involving Iran, North Korea, and Russia, amounting to at least $16 billion (2.5 trillion yen), and engaged with sanctioned entities...
