US Treasury Bans MEXC Exchange Over Alleged $16B in Illicit Transactions
The US Treasury has ordered crypto exchange MEXC Global cut off from the American financial system over allegations that it processed $16.7 billion linked to illicit activity. The November 6 announcement says the Financial Crimes Enforcement Network (FinCEN) will prohibit US financial institutions from sending or…
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Cryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
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