Gate News: On March 19, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) revoked the registration of 23 cryptocurrency service providers in a law enforcement action. The Canadian Finance Minister stated that this crackdown marks a significant acceleration in enforcement efforts, and the government will maintain this momentum. Among the affected companies, two operate entirely under foreign jurisdiction. FINTRAC’s website shows that registrations may be revoked for various compliance failures, including failure to respond promptly to information requests, not meeting registration qualifications, and not updating records in a timely manner. Prior to this enforcement action, Canada had adopted increasingly strict attitudes toward cryptocurrency compliance. The Finance Minister said the government will continue monitoring and implementing new measures to address the risks posed by cryptocurrency businesses such as crypto MSBs and crypto ATMs.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
PACE Act Targets Faster Payments With Fed Access for Fintechs
PACE Act introduces optional federal licensing for fintechs, requiring compliance, reserves, and oversight by the OCC.
Direct access to Fed systems like FedNow and Fedwire aims to cut delays, lower costs, and reduce reliance on banks.
Industry groups support the bill, citing improved
CryptoFrontNewsJust Now
Peter Schiff calls the Strategy STRC a Ponzi scheme, criticizing the SEC for inadequate regulation
Bitcoin critics and gold supporter Peter Schiff posted on X on April 23, saying that the STRC perpetual preferred stock introduced by MicroStrategy (Strategy) is “the most obvious Ponzi scheme to date,” and criticizing the U.S. Securities and Exchange Commission (SEC) for failing to effectively stop Michael Saylor from promoting STRC.
MarketWhisper1h ago
Sberbank plans to offer cryptocurrency trading; the Russian Duma has passed the bill on its first reading
According to a report by TASS on April 22, Ruslan Vestrovskiy, senior vice president and head of wealth management at Russia’s Sberbank, said at the Moscow Exchange Forum that once cryptocurrency-related regulation is implemented and exchanges begin organized trading, Sberbank will provide its customers with cryptocurrency trading services. On the same day, the Russian State Duma passed the first reading of a bill on cryptocurrency regulation.
MarketWhisper1h ago
U.S. Crypto Market Structure Bill Nears Stablecoin Rewards Breakthrough as Illicit Finance and Ethics Concerns Resurface
Gate News message, April 23 — Negotiations on a broader U.S. cryptocurrency market-structure bill, known as the Clarity Act, are in a "good spot" on stablecoin rewards, according to key negotiators Senators Angela Alsobrooks (D-Md.) and Thom Tillis (R-N.C.), even as other contentious issues includin
GateNews1h ago
UK FCA raids eight P2P crypto trading venues in London, issues a stop order
On April 22, the UK Financial Conduct Authority (FCA) announced that its enforcement team, together with Her Majesty’s Revenue and Customs (HMRC) and the Southwest Regional Organized Crime Unit (SWROCU), conducted raids on eight suspected illegal peer-to-peer (P2P) cryptocurrency trading venues in London on April 21, issuing stop orders at each location. The FCA confirmed that there are currently no legally registered P2P crypto platforms in the UK.
MarketWhisper1h ago
