Treasury Blocks MEXC, Citing Crypto Cashflows Tied to Rogue Networks
Published Date: 11/10/2026
Rule
Summary
Starting December 10, 2026, MEXC Global and all its branches worldwide are officially banned from sending or receiving certain funds because they helped shady Russian and other bad actors move money illegally. This move targets MEXC’s role in hiding dirty money linked to Russia, Iran, North Korea, and cybercriminals. Banks and financial institutions must stop dealing with MEXC to keep the money clean and safe.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
U.S. Banks Banned from Certain MEXC Transfers
If you use MEXC Global or a U.S. bank that does business with it, starting December 10, 2026 U.S. banks and other covered financial institutions are prohibited from sending or receiving certain transmittals of funds that involve MEXC Global. FinCEN found MEXC Global facilitated at least USD 16.7 billion in likely illicit activity between May 2021 and May 2026 and that MEXC processed over USD 1 billion in daily transactions, supporting the decision to impose this prohibition.
Banks Must Reject Certain Crypto From MEXC
FinCEN's order provides for the rejection of certain convertible virtual currency (CVC) transmittals that are received from or originate at MEXC Global and outlines steps covered financial institutions should take when encountering such transfers. The order notes technological limitations may affect the ability to decline some CVC transfers, and it expects covered institutions to use existing anti-money-laundering controls to comply.
U.S. MEXC Affiliates Excluded From Order
The order expressly excludes any affiliates, subsidiaries, branches, or offices of MEXC Global that maintain or operate in the United States from the definition of "MEXC Global," so those U.S.-based affiliates are outside the scope of this prohibition. The exclusion is stated in the order's text.
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