Cryptomus
Canada's Cryptomus Exchange Fined $177 Million CAD for Money-Laundering Failures
Canada's Cryptomus exchange has been hit with a record $177 million CAD fine due to significant money-laundering compliance failures. This serves as a strong warning to crypto platforms regarding regulatory adherence.
Published at 2025-10-23 18:16:56
Canada Imposes $126 Million Fine on Cryptomus for Anti-Money Laundering Violations
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.
Published at 2025-10-23 11:16:50