Is Memory Leak legal in Standard, Modern, and Commander?

Memory Leak is legal in: Modern, Pioneer, Legacy, Vintage, Commander, Pauper, Historic.

What type of card is Memory Leak?

Memory Leak is a Sorcery. Its oracle text reads: "Target opponent reveals their hand. You choose a nonland card from that player's graveyard or hand and exile it. Cycling {1} ({1}, Discard this card: Draw a card.) *"By halves does youth depart. I remember halves of names, halves of years, halves of myself." —Ogaro, wandering sage*"