[Cryptocurrency Company Cryptomus Fined $126 Million by Canada for Anti-Money Laundering Violations] Cryptocurrency company Xeltox Enterprises Ltd. (operating under the name Cryptomus) has been fined a record-breaking CAD 177 million (approximately USD 126 million) by Canada's anti-money laundering agency FINTRAC for repeatedly violating suspicious transaction reporting regulations within a month. The Vancouver-based company provides cryptocurrency trading, payment, wallet, and peer-to-peer transaction services. FINTRAC CEO Sarah Paquet stated that, given the severity of the violations, the agency had to take unprecedented enforcement action. The investigation revealed that Cryptomus failed to report over 1,000 transactions suspected of money laundering or terrorist financing as required in July 2024, and additionally failed to report more than 1,500 transactions involving single receipts of virtual currency exceeding CAD 10,000.