US Treasury Slams MEXC With Financial-System Block Over Alleged Illicit Flows
The US Treasury has moved to cut MEXC Global off from the American financial system over at least $16 billion in allegedly illicit transactions. FinCEN linked the activity to sanctions evasion involving Iran, Russia and North Korea, as well as cybercrime. The order prohibits US financial institutions from processing…
Read it in your languageMachine translation by Google of the publisher's page
Explained in this story
Sanctions
Penalties such as trade bans, asset freezes or travel bans imposed by one or more countries on another country, group or person.
Sanctions are used to pressure governments without military action, with costs for both sides.
More about SanctionsMore in World
From the blog
YELLOW Token Launches on the XRP Ledger: Why It Matters
The YELLOW token has launched on the XRP Ledger, introducing institutional-grade multisignature security and native liquidity management to attract larger…
Elara Winter4 min read
Analyst Evaluates Whether XRP Lags Behind Solana as a Dying Network
Crypto analyst Mason Versluis compared XRP and Solana network activity, labeling the XRP Ledger a dead chain due to lower…
Elara Winter3 min read
David Schwartz Shares Latest Outlook on XRP Value
Ripple CTO David Schwartz recently offered a lighthearted market update on XRP amid rising criticism and scrutiny from community members…
Elara Winter2 min read