Québec Regulator Warns Against Unregistered Platform Pump.fun

On September 25, 2026, the Autorité des marchés financiers (AMF) in Québec issued a warning stating that Pump.fun is not registered and lacks authorization to solicit investors in the province. The regulator categorized the platform as a high-risk cryptoasset service. This notice, also listed by the Canadian Securities Administrators, focuses on the lack of proper registration and does not constitute a ban, fraud finding, or enforcement order against the platform. The AMF advises residents to verify the registration status of any firm before engaging in investment activities.