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U.S. Treasury Secretary Scott Bessent stated that financial institutions must choose between supporting the Iranian regime or retaining access to the U.S. financial system
Treasury cuts off MEXC Global over alleged $16 billion in transactions linked to Iran, North Korea and RussiaTreasury Cuts Crypto Exchange MEXC Off From US Financial System - DecryptUS Treasury Bans MEXC Exchange Over Alleged $16B in Illicit TransactionsUS Treasury Blocks MEXC Over Alleged $16B in Illicit Transactions