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Canada Crypto Crackdown: $126M Fine Thrown At Cryptomus After 2,593 AML Breaches

Canada has fined Cryptomus an eye-watering $126 million for breaking the country's anti-money laundering rules. Cryptomus, officially registered as Xeltox Enterprises Ltd and based in Vancouver, reportedly failed to report thousands of suspicious transactions, including ones potentially linked to serious crimes such as child exploitation, ransomware, and sanctions evasion. In July 2024 alone, Cryptomus chose..The post Canada Crypto Crackdown: $126M Fine Thrown At Cryptomus After 2,593 AML Breaches appeared first on 99Bitcoins.