theblock.co·Apr 13, 2026
Coinone, a crypto exchange, has been fined $3.5 million and subjected to a three-month partial suspension due to anti-money laundering violations in South Korea.
This highlights the increasing regulatory scrutiny on crypto exchanges concerning anti-money laundering (AML) compliance, emphasizing the need for robust compliance frameworks. For someone in fintech and DeFi, this serves as a crucial reminder to ensure that platforms and services are fortified against regulatory breaches, which can have significant financial and operational impacts.