Canada Revokes 50 Money Services Licenses in 2026, With 23 Crypto Firms Taking the Hit

Canada’s financial intelligence agency has revoked 50 money services business registrations so far in 2026, with nearly all tied to cryptocurrency operations, signaling an intensified compliance crackdown. FINTRAC Revokes 23 Crypto Licenses in Single-Day Sweep The enforcement push comes from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), which is targeting firms that […]