Canada's Financial Transactions and Analysis Centre (FINTRAC) has revoked the registrations of 23 cryptocurrency service providers, including Finast and Commerce Plex, in a single enforcement action. This move is part of an escalation in Canada's anti-money laundering efforts targeting digital asset businesses. The affected businesses operated entirely from foreign jurisdictions, including those offering traditional currency exchange and money transfer services alongside their crypto operations. The FINTRAC website lists violations such as failure to respond to information requests on time, ineligibility for registration, and failure to update records in a timely manner. This follows Canada's increasingly strict approach to cryptocurrency compliance, including a record $14 million ($19.5 million CAD) penalty levied against crypto exchange KuCoin in 2025 for anti-Money laundering violations.