Registrations of 23 Canadian Crypto Firms Revoked by FINTRAC
Published on March 18, 2026.
The Financial Transactions and Analysis Centre (FINTRAC) has revoked registrations of 23 cryptocurrency service providers in Canada, including businesses from foreign jurisdictions like Slovakia and the UK. This action is part of FINTRAC's intensified anti-money laundering efforts. Kraken has postponed its plan to go public due to poor market conditions in the crypto industry. The Bank of Korea and nine commercial lenders are conducting phase two of a digital won pilot to test bank-issued deposi. The UK parliamentary committee has recommended an immediate ban on crypto donations to political parties due to cybersecurities. The closure of the Strait of Hormuz due to the Iran conflict is affecting various commodities, including urea fertilizer.
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