Regulation

Canada Slams KuCoin with Record-Breaking C$19.6 Million Fine for Egregious AML Failures, Signaling Intensified Crypto Crackdown

Cryptocurrency

Canada Slams KuCoin with Record-Breaking C$19.6 Million Fine for Egregious AML Failures, Signaling Intensified Crypto Crackdown

Canada's financial intelligence agency, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), has levied an unprecedented C$19.6 million (approximately US$14.09 million) fine against cryptocurrency exchange KuCoin, operated by Seychelles-based Peken Global Limited, for severe breaches of anti-money laundering (AML) regulations. This monumental

By MarketMinute
Regulators Intensify Scrutiny on Crypto Treasury Deals: Over 200 Firms Under Investigation for Suspicious Trading

Crypto

Regulators Intensify Scrutiny on Crypto Treasury Deals: Over 200 Firms Under Investigation for Suspicious Trading

The financial landscape is abuzz as the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have launched an extensive inquiry into more than 200 firms engaging in crypto-focused treasury deals. This widespread scrutiny stems from observed suspicious stock trading patterns that preceded public announcements of companies

By MarketMinute