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Canada Crypto Remittances Surge 141% to $2.36B
Remittance-sized crypto transfers from Canada to India, China, and the Philippines reached $2.36 billion in the year ending June 2026, up 141% from the previous year. Transfers to the Philippines alone rose 28% to $61 million, with 3.56 million transactions averaging $663 per transaction. Chainalysis reported that Canada's foreign-born population and the cost of traditional remittance services are potential drivers for adoption.