US Treasury to ban MEXC Global over Iran, North Korea and Russia trades
The US Department of the Treasury is moving to cut cryptocurrency exchange MEXC Global off from the American financial system following illicit transfers.
Key takeaways
- 1US Treasury acts to cut crypto exchange MEXC Global off from the US financial system.
- 2Watcher Guru reported the enforcement action on 6 November 2026 over transfers linked to Iran, North Korea and Russia.
The US Department of the Treasury is preparing to cut crypto exchange MEXC Global off from the US financial system following transactions connected to Iran, North Korea and Russia, Watcher Guru reported on 6 November 2026.
The measure aims to prevent the platform from accessing US financial channels and processing dollar-denominated transfers. According to Watcher Guru, the decision follows regulatory findings that MEXC Global facilitated transactions linked to state actors and sanctioned entities in the three nations.
MEXC Global is an international cryptocurrency exchange that provides spot and derivatives trading services across multiple jurisdictions. The move comes as US regulators step up action against offshore platforms accused of permitting illicit funds transfers. In an earlier report on 30 October 2026, YourKhabri covered a $6.3bn breach at Binance linked to North Korea, which prompted international efforts to trace and freeze illicit funds.
The Treasury ban restricts US financial institutions from doing business with the exchange and locks US users out of its services. The action suggests regulatory agencies are targeting compliance gaps at offshore venues that serve users in high-risk regions. Industry observers will monitor whether the Treasury issues formal Office of Foreign Assets Control sanctions designations or compliance demands for secondary platforms.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.