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AML Enforcement Now Sets the Terms for Crypto, CertiK Says

A new CertiK analysis says operational controls now decide who keeps access to banks or exchanges.

Certik’s skynet report: aml and security now define the rules of the game for crypto

Overview

  • CertiK’s latest Skynet report says anti–money laundering rules have replaced securities fights as crypto’s main regulatory risk.
  • Regulators issued more than $900 million in AML fines in the first half of 2025, including $504 million for OKX and $297.4 million for KuCoin.
  • Key markets now treat independent smart‑contract audits as licensing requirements, with Hong Kong, the UAE’s VARA and ADGM, the EU’s DORA, and US state rules such as NYDFS and Wyoming making audits a recurring expense.
  • Stablecoin policy has moved into enforcement, with binding rules on full reserves, fast redemption rights, tighter governance, and clearer disclosures now common across major jurisdictions.
  • The Basel cryptoasset standard that took effect on January 1, 2026 pushes unbacked coins like bitcoin and ether into a higher‑capital bucket for banks, which reduces their appeal for balance sheets compared with tokenized assets and qualifying stablecoins.