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Canada Crypto Crackdown: Cryptomus Fined $126M

Canada has fined Cryptomus an eye-watering $126 million for breaking the country’s anti-money laundering rules. Cryptomus, officially registered as Xeltox Enterprises Ltd and based in Vancouver, reportedly failed to report thousands of suspicious transactions, including ones potentially linked to serious crimes such as child exploitation, ransomware, and sanctions evasion. In July 2024 alone, Cryptomus chose … Read more

Key Cambridge, UK VC launches $126M fund to stem later stage flight

It’s often said that the UK and Europe lack the huge level of growth funding for later-stage startups that the US has for its own, and this is correct. According to the European Investment Fund, there are at least seven times more large-size VC funds in the US than in Europe. So the appearance of a … Read more

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