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Treasury Orders U.S. Banks to Cut Ties with MEXC Over $16 Billion in Illicit Transactions

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The U.S. Treasury has ordered financial institutions to sever ties with MEXC Global, accusing the crypto exchange of facilitating at least $16 billion in illicit transactions tied to Iran, Russia, and North Korea between May 2021 and May 2026. The directive, issued by the Financial Crimes…

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