Canada revokes dozens of crypto firms’ registrations

Anti-money laundering authorities in Canada have revoked registrations of nearly three dozen cryptocurrency businesses following an investigation by the International Consortium of Investigative Journalists and The Toronto Star.

Last week, Canada’s Financial Transactions and Reports Analysis Centre removed 23 crypto firms from its registry of firms permitted to provide money services in the country. FINTRAC had earlier this month struck registrations of a dozen other crypto companies operating in the country.