Quick Read
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Coinbase and Robinhood gain little from Treasury’s MEXC crackdown, since Americans were already blocked and both firms face shrinking crypto revenue.
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Treasury says MEXC moved at least $16 billion in illicit funds, including nearly $2 billion tied to Iranian actors or terrorist groups.
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Treasury targets U.S. banks and payment firms instead of MEXC users, forcing them to screen for indirect exposure to the exchange.
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On Friday, November 6,…
