US Cuts Off Cryptocurrency Exchange MEXC from Its Financial System

The US Department of the Treasury has imposed strict restrictions on the international cryptocurrency exchange MEXC Global, effectively blocking its access to the American financial sector. This was announced by the Financial Crimes Enforcement Network (FinCEN).

The extreme measures were prompted by the results of a five-year investigation. According to the regulator, between May 2021 and May 2026, the platform facilitated suspicious transactions amounting to at least $16 billion. The identification of these funds links them to the circumvention of international legal sanctions, cybercriminal activity, and other illegal schemes.

MEXC ranks among the world's largest cryptocurrency platforms, holding the 9th position in the global Coinmarketcap ranking. The exchange's daily trading volume remains at approximately $900 million.

Regulatory pressure on the platform has been intensifying throughout the autumn. Earlier, at the end of October, MEXC took preemptive steps and announced the suspension of services for clients from Russia and Belarus, citing the "optimization of regulatory compliance procedures." Following MEXC, cryptocurrency exchanges Bitget and KuCoin made similar decisions to cease operations in these regions.