Canada Revokes Cryptocurrency-Related Business Registrations Amid AML Crackdown

Canada's financial intelligence unit has revoked 50 money services business registrations in 2026, with 47 of these linked to cryptocurrency operations. According to NS3.AI, the latest action saw 23 registrations canceled on Monday as Ottawa intensifies its anti-money-laundering enforcement targeting crypto money services businesses and crypto ATMs. This move reflects Canada's ongoing efforts to tighten regulations in the cryptocurrency sector to prevent illicit activities.