Cryptomus Hit with Record Fine for Crypto Compliance Failures
Update: 2025-10-23
Description
Cryptomus, a Vancouver-based crypto platform, has been hit with a record $126 million fine by Canada's FINTRAC for failing to report thousands of suspicious transactions linked to child exploitation, ransomware, and sanctions evasion. Missing over 2,500 compliance checks, including unreported transactions tied to Iran, raises serious concerns about Canada's virtual currency sector and Cryptomus's actual presence in the country, as their listed address was just a rented mailbox.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
