Canada Issues Record Penalty to Crypto Exchange Cryptomus

Compliance Enforcement | Oct 24, 2025 FINTRAC’s Historic $177 million Fine Against Cryptomus On October 16 2025, Reuters reported that the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed a penalty of C$176,960,190 on Xeltox Enterprises Ltd., which operates as Cryptomus (formerly Certa Payments Ltd), for serious failures to file required reports under

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