Canada Cracks Down on Unregistered Crypto Exchanges: $56M Seizure Highlights Money Laundering Concerns

The Canadian authorities are taking aim at unregistered crypto exchanges, seizing over $56 million in assets as part of a major money laundering investigation. This crackdown targets entities like TradeOgre and KuCoin, which facilitated large-scale illicit activities. The Royal Canadian Mounted Police (RCMP) has dismantled TradeOgre following an extensive investigation, while KuCoin faces fines for operating without proper authorization. These actions highlight the need for greater regulatory oversight within the Canadian crypto market.