Quebec’s financial regulator issued a public warning against Pump.fun on September 25, identifying the Solana-based meme coin launcher as unregistered and unauthorized to solicit investors in the province. The AMF categorized the platform under both “cryptoassets” and “high-risk platforms” and identified its corporate entity as Baton Corporation LTD. This is a registration-based complaint rather than a fraud accusation, and it stops short of restricting site access for Quebec users or freezing any wallets. The Canadian Securities Administrators has listed the alert on its notices page but has taken no independent action against Pump.fun. In Canada, crypto trading platforms must register as restricted dealers or investment dealers under securities law, and several major exchanges have completed that process.
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