The US Treasury imposed sanctions on MEXC Global on November 6, 2026, cutting the virtual currency exchanger off from the US financial system. Its Financial Crimes Enforcement Network issued the order over alleged transactions tied to sanctions evasion involving Iran, North Korea and Russia.
The restriction targets the exchange’s access to US financial institutions. FinCEN , the Treasury’s anti-money laundering unit, said those institutions are barred from processing transfers of funds involving MEXC Global.
US Treasury sanctions MEXC over alleged illicit transactions
According to FinCEN, illicit transactions tied to Iran, North Korea and Russia, totaling at least $16 billion , were enabled through MEXC Global. The agency also cited transactions involving other sanctioned actors, extending its allegations beyond the three named countries.
The dollar figure is FinCEN’s allegation about the volume of illicit activity facilitated by the exchanger. The agency linked the transactions to sanctions evasion , the stated basis for its action against MEXC Global.
The US Treasury’s sanctions against MEXC operate through a prohibition on US institutions handling fund transfers involving the business. That restriction is the mechanism FinCEN identified for effectively excluding the virtual currency exchanger from the US financial system.
MEXC Global is incorporated in Seychelles . The order applies to US financial institutions processing transfers involving that Seychelles-incorporated business.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
