Canada’s financial intelligence agency revoked 23 crypto MSB registrations in an accelerated enforcement push, with officials citing compliance failures including unanswered information requests, ineligibility, and outdated records.
Canada’s FINTRAC revoked 23 crypto-related money services business registrations in an enforcement action, with the finance minister saying the crackdown reflects a significantly accelerated pace. FINTRAC cited compliance failures including unanswered information requests, ineligibility, and outdated records as reasons for the removals. The action forms part of a broader anti-money laundering push affecting crypto service providers across the sector.