EL7.AI
CryptoMedium•8 November 2026•
4 min read

NatGold Seeks to Delist NATG From MEXC After U.S. Order Targets Platform Transfers

Key Facts

1NatGold asked MEXC on November 7 to delist NATG with immediate effect.
2The ban on transfers to or from MEXC takes effect 30 days after the order is published in the Federal Register.
3The Treasury said MEXC facilitated at least $16 billion in illicit transactions.
4FinCEN estimated MEXC transactions linked to Russian sanctions evasion at about $1.5 billion, including $232 million in direct transactions.
5FinCEN said MEXC conducted $1 billion in daily transactions in June 2026.

NatGold Digital said on November 7 that it had asked MEXC to delist the NATG token with immediate effect, following a U.S. action targeting money transfers linked to the platform. In a statement via PR Newswire, the company said the delisting request followed the U.S. Treasury Department’s announcement of an order issued by the Financial Crimes Enforcement Network, or FinCEN. NatGold’s statement describes an application the company submitted to MEXC and does not confirm that the platform has completed the delisting. The U.S. order bars covered financial institutions from transmitting funds to or from MEXC Global. The ban does not take effect immediately; it begins 30 days after the order is published in the Federal Register.

NatGold said its wholly owned subsidiary, NatGold Integrity Vault LLC, is registered with FinCEN as a money services business, and that it is acting before the order takes effect. This timing gives the company an opportunity to act before the ban becomes effective for covered financial institutions. But the order concerns money transfers linked to MEXC, while NatGold’s decision concerns its request to delist its token from the platform. The definition of transfers includes sending and receiving funds, including convertible virtual currency. The delisting request and the U.S. ban are therefore separate actions, even though the former came in response to the latter.

FinCEN issued the order on November 6 under Section 9714(a) of the Russian Money Laundering Act. The agency found that MEXC Global is a financial institution operating outside the United States and a primary money laundering concern linked to Russian illicit finance. According to the Treasury announcement, the platform facilitated at least $16 billion in illicit transactions linked to evasion of Iranian, North Korean and Russian sanctions, as well as cybercrime. The FinCEN order gives a more specific figure for the period from May 2021 to May 2026, saying the platform facilitated the transfer of $16.7 billion in funds linked to Russian illicit finance and other illicit activity. The two figures reflect different scopes and descriptions of the transactions cited in the Treasury announcement and the order.

In its assessment of Russian sanctions evasion, FinCEN estimated that MEXC transactions linked to sanctions evasion totaled about $1.5 billion between May 2021 and May 2026. That included $232 million in direct transactions with entities subject to U.S., European or British sanctions, according to the order. The agency also said the platform facilitated more than $1.87 billion in Iran-related transactions. Of that total, direct transactions between MEXC and Iranian virtual currency exchanges exceeded $1 billion. FinCEN attributed these estimates to its assessment of the transactions cited in the order.

FinCEN said MEXC conducted $1 billion in daily transactions in June 2026, putting it among the world’s top 20 platforms for trading convertible virtual currencies by volume. The agency said it assumed that part of the platform’s activity was legitimate. This volume provides context for the transfer ban covering financial institutions, rather than indicating that the platform’s operations are stopping entirely. FinCEN said covered transfers include sending and receiving digital assets, as well as other money transfers. The Treasury also said the order does not change existing obligations under the Bank Secrecy Act, including suspicious activity reporting requirements, or sanctions administered by OFAC.

NatGold said it is in advanced discussions with multiple regulated platforms and trading venues serving global markets, including the United States. It said it intends to replace MEXC as soon as possible, but did not confirm a NATG listing on an alternative platform. According to the company, it will inform token holders of trading arrangements and encourage them to register and connect their wallets once new listings are confirmed. The current delisting request does not mean those listings have been finalized or that alternative trading arrangements are in effect. FinCEN’s order has no automatic expiration date, though the agency retains the authority to impose conditions on certain transfers or grant appropriate exemptions.