Browsing: Canada

The U.S. Treasury has moved to restrict MEXC Global’s access to the American financial system over at least $16 billion in alleged illicit cryptocurrency transactions while separately sanctioning eight Canadian money services businesses linked to Iranian financial networks. FinCEN accused MEXC of facilitating at least $16 billion in illicit transactions over five years. U.S. financial…

Canada has opened a 60-day public consultation on draft stablecoin regulations that would ban issuers from paying interest to token holders and require non-bank issuers to keep their reserves with Canadian financial institutions.