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Friday, November 6, 2026

US cuts off exchange over $16 billion in illicit transactions including Iran

 

The US Treasury Department moved to cut off cryptocurrency exchange MEXC Global from the American financial system over its alleged involvement in at least $16 billion in illicit transactions linked to Iran, North Korea, Russia and other sanctioned actors.

The Treasury's Financial Crimes Enforcement Network (FinCEN) issued an order prohibiting US financial institutions from processing fund transfers involving the Seychelles-incorporated exchange

https://www.iranintl.com/en/202611069375

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