The global crackdown on illicit money has resulted in crypto and fintech groups being fined a total of $5.8 billion. The fines have come from regulators around the world as they increase efforts to combat money laundering and other financial crimes. The fines have been levied against a range of companies, including cryptocurrency exchanges, payment processors, and digital wallet providers. The crackdown is part of a wider effort by global regulators to tighten regulation of the crypto industry.
Cracking down on illicit money, fines hit crypto and fintech
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