US EditionMoney-Laundering Watchdog Revokes Crypto Firms’ Registrations as Canada’s Finance Minister Vows to Maintain ‘Momentum’ in Its Crackdown
6 Articles
6 Articles
Money-laundering watchdog revokes crypto firms’ registrations as Canada’s finance minister vows to maintain ‘momentum’ in its crackdown
Fintrac's enforcement sweep follows an investigation by the Star and media partners revealing the growth of unlawful crypto companies.
The total number of license revocations in 2026 reaches 50, of which 47 are related to Bitcoin and cryptocurrencies. Read more
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velvetclassic.netCanada Revokes Registrations of Crypto Firms in Crackdown on Compliance Failures
Canada’s financial intelligence agency FINTRAC has revoked registrations of 43 crypto firms for failing to comply with anti-money laundering and reporting requirements. The move is part of a broader crackdown on non-compliant businesses. While regulators aim to strengthen oversight and reduce financial crime risks, the action may increase compliance pressure on smaller firms operating in the crypto sector.
Canada has just hit a big blow in the crypto universe. In a single decision, 23 companies have lost their licences, marking a radical turning point in financial regulation. Why this historic measure? Article 23 crypto companies lose their license in Canada appeared first on Cointribune.
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