Transak, a leading Web3 payments provider, has announced that its Canadian entity, Transak Canada, has officially registered with FINTRAC, the Financial Transactions and Reports Analysis Centre of Canada. This registration comes as the Canadian cryptocurrency market continues to grow, with a recent survey showing that 13% of Canadians have invested in Bitcoin in 2021. The registration allows Transak to operate as a registered Money Services Business (MSB) and comply with financial regulations. This development not only benefits Transak but also boosts confidence in the Canadian crypto space, allowing customers to use various payment methods for crypto transactions.



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