Canadian Financial Regulator Revokes Registration of 23 Cryptocurrency Companies

GateNews

2026-03-18 14:13:36

Gate News Report, March 18 — The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), Canada’s financial intelligence agency, conducted a coordinated enforcement action against 23 money services businesses (MSBs) providing cryptocurrency-related services, revoking all their registrations at once. This marks an escalation in Canada’s anti-money laundering regulatory efforts. The reasons for the revocation include failure to respond to information requests on time, non-compliance with registration requirements, and failure to update relevant records promptly.

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