Wire · regulatory
US Treasury bans MEXC Global crypto exchange over sanctions evasion
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Fusion42 · 10 November 2026 · Fusion42 review
The US Treasury Department has banned MEXC Global crypto exchange from the American financial system for facilitating $16 billion in illicit transactions linked to cybercrime and sanctions evasion involving Iran, North Korea, and Russia. FinCEN highlighted serious anti-money laundering failures at MEXC, making US institutions liable for enforcement actions if they transact with it.
This Wire brief sits within Fusion42's coverage of Crypto & Web3, and 8 sources have reported it between 7 Nov 2026 and 13 Nov 2026.
◆ ◆ The Wire takeaway
US sanctions enforcement on crypto exchanges just tightened sharply. You running a crypto platform must upgrade your anti-money laundering or risk cutoff from US banking access and legal penalties.
◆ Coverage
8 sources · first reported 7 Nov 2026 · latest 13 Nov 2026
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