Canada 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.
