Odaily Odaily reports that the Financial Transaction and Reporting Analysis Centre (FINTRAC), Canada's financial intelligence agency, took concentrated enforcement action on Tuesday against 23 money services businesses (MSBs) providing cryptocurrency-related services, revoking their registrations in one fell swoop. This marks a further escalation of anti-money laundering regulations in Canada. The reasons for the revocation reportedly include: failure to respond to information requests in a timely manner, failure to meet registration requirements, and failure to update relevant records in a timely manner, among other compliance violations. (Decrypt)
Canadian regulators revoked the registration of 23 cryptocurrency companies in batches.
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