Transak Canada registered with FINTRAC to ensure compliance in Canadian cryptocurrency market.

From Investing.com

November 1, 2024 01:00 PM:

Transak Canada has officially registered with FINTRAC, showcasing commitment to compliance in the Canadian cryptocurrency market. Canada saw a rise in digital asset ownership, with 13% of Canadians owning cryptocurrency in 2021. Chainalysis reports show Canada climbing in rankings for crypto adoption, emphasizing the growing interest in digital assets. Transak’s registration as a Money Services Business with FINTRAC allows Canadian customers to use various payment options for purchasing digital assets, ensuring compliance and transparency in the crypto industry. Businesses and developers can integrate Transak’s services for a compliant solution and expand crypto on/off ramps for Canadian users. Transak is a leading Web3 payments infrastructure provider, serving millions of users globally and simplifying the purchase and sale of digital assets with its innovative solutions.

Read more at Investing.com: Transak Canada Achieves FINTRAC Registration, Strengthening Commitment to Secure and Compliant Crypto Access By Chainwire