Canada's Cryptomus Exchange Fined $177 Million CAD for Money-Laundering Failures

A joint US–UK–Canada enforcement action called Operation Atlantic froze more than $12 million tied to crypto approval phishing schemes and identified over 20,000 victims. Authorities say the move disrupted cash-out channels and underscores growing cross-border cooperation on digital asset crime.

Bill C-25, introduced after repeated warnings from Canada’s Chief Electoral Officer, would prohibit crypto donations to federal election campaigns, mirroring recent UK action. The measure aims to protect election integrity but raises enforcement and industry compliance questions.

Deloitte will integrate a Canadian-dollar stablecoin into institutional payment rails in partnership with Stablecorp, as Ottawa advances new rules for fiat-backed digital assets. The move aims to bring regulated digital cash into bank and corporate payment flows.

Blockchain.com announced expansion into Ghana after reporting a 700% trading surge in Nigeria, saying rising demand across West Africa is driving the move. The brokerage cited accelerating user activity across the broader Sub-Saharan region as the rationale.

OKX has launched Orbit, a social network built into its trading app that combines market conversations, community interaction, and live trading data. The rollout follows a reported $25 billion valuation and aims to deepen engagement on the platform.