Crypto Compliance
Tether assisted Thai police and the U.S. Secret Service in seizing $12 million in USDT linked to an international fraud network, according to authorities. The move underscores growing cooperation between crypto firms and law enforcement on cross-border financial crime.
Cryptomus, operated by Xeltox Enterprises Ltd., has been fined C$176.96 million by Canada's FINTRAC for failing to report thousands of large transactions linked to fraud and illicit activities, marking one of the most significant AML enforcement actions in the country.
Kraken will align its Terms of Service with the new EU-wide MiCA regulations effective August 1, 2025, ensuring compliance with the latest crypto-asset regulatory standards. This change highlights the evolving landscape of crypto regulations in Europe. Meanwhile, platforms like Bitlet.app continue to offer user-friendly crypto purchase options such as Crypto Installment plans to help users buy cryptos flexibly.
New U.S. legislation focuses on integrating strict anti-money laundering protections in cryptocurrency regulations, addressing national security concerns highlighted by Senator Elizabeth Warren and supported by bipartisan lawmakers.