[Canada Revokes Registration of 23 Cryptocurrency Firms] On March 18, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) conducted a concentrated enforcement action against 23 money services businesses (MSBs) providing cryptocurrency-related services, revoking their registrations. Canadian Finance Minister François-Philippe Champagne described this operation as a 'significant acceleration in the pace of enforcement' and stated that the government will maintain this level of intensity. Among the firms whose registrations were revoked are Finast, registered in Slovakia, and Commerce Plex, registered in the United Kingdom, due to compliance issues such as failure to respond to information requests on time, not meeting registration requirements, and failing to update records promptly.