Canada revokes registrations of 23 crypto firms to bolster AML rules

Canada's Financial Transactions and Reports Analysis Centre (FINTRAC) has revoked the registrations of 23 cryptocurrency service providers, Decrypt reported. The move is part of a broader effort to strengthen the enforcement of anti-money laundering (AML) regulations targeting virtual asset service providers. The list of delisted companies includes overseas-based firms such as Slovakia-based Finast and UK-based Commerce Plex. These companies were reportedly engaged in foreign exchange and money transfer services in addition to their crypto operations.