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🔍 Canada's financial watchdog has revoked 47 money services business (MSB) registrations for crypto firms

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The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) announced the move as part of an ongoing regulatory crackdown. This follows recent multi-million dollar fines against platforms like Cryptomus and KuCoin for alleged compliance violations, according to Cointelegraph.

🔍 Canada's financial watchdog has revoked 47 money services business (MSB) registrations for crypto firms.

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) announced the move as part of an ongoing regulatory crackdown. This follows recent multi-million dollar fines against platforms like Cryptomus and KuCoin for alleged compliance violations, according to Cointelegraph.