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Canada’s FINTRAC slaps Cryptomus with landmark $126m fine

Crypto News•Wednesday, October 22, 2025 at 5:26:41 PM
NegativeCryptocurrency
Canada’s FINTRAC slaps Cryptomus with landmark $126m fine
Canada's financial watchdog, FINTRAC, has imposed a record $126 million fine on the cryptocurrency firm Cryptomus for neglecting to report over 1,000 suspicious transactions in just one month. This significant penalty highlights the increasing scrutiny on crypto firms and the importance of compliance in preventing illicit activities, such as those linked to darknet markets and terrorist financing. The case serves as a warning to the industry about the serious consequences of failing to adhere to regulatory standards.
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