FinCEN Orders U.S. Institutions to Block Transfers to MEXC Global

FinCEN ordered U.S. institutions to block transfers to crypto exchange MEXC Global, effective 30 days after Federal Register publication. Treasury alleges MEXC facilitated at least $16 billion in transactions tied to sanctions evasion and cybercrime. The action targets a major offshore exchange, potentially impacting U.S. users' access and crypto market liquidity.