U.S. Cuts Huione Group Off from Financial System

The U.S. government has taken significant action against the Huione Group, a Cambodian-based company with operations in cryptocurrency, by restricting its access to the financial system. This move was initiated on May 1, 2025, by the Financial Crimes Enforcement Network (FinCEN) and is intended to severely impact the company’s ability to conduct financial transactions. This action comes as part of a larger global effort to combat illicit financial activity and money laundering. Huione Group faces immediate consequences including limitations on correspondent banking which will severely hinder their operations and market position.