To apply for a Canadian MSB license, the following conditions are required:

Regulatory conditions

1. A company registered in Canada.

2. Large legal address.

3. Domestic bank account.

4. Company contact number.

5. Background check by compliance officer or shareholder.

6. Have an appropriate business structure, and company personnel have certain qualifications for digital currency issuance

7. The financial situation is good.

8. At least 2 responsible personnel, including 1 director and 1 compliance officer.

Materials required for Fintrac MSB license

1. Basic company information?, tax number.

2. Details of the company’s shareholders and directors?

3. Office address

4. Service type selection

5. Total transaction Amount

6. Bank account information

7. Compliance officer contact information

8. Branch office

License application workflow:

1. Financial business plan design for MSB license

2. Preparing and writing application materials

3. Submitting to the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) Submit an application for an MSB license

4. During the application process, be responsible for answering questions raised by the Financial Transactions and Reports Analysis Center of Canada (FINTRAC).

5. If the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) needs us to provide other copywriting or related instructions, we will be responsible for writing and submitting them

Canada’s MSB license is well-known. Analyze the reasons. It still has something to do with its purpose. Canadian licenses are one of the few, applicable to currency businesses such as exchanges, and also focus on supervision and foreign exchange markets. Therefore, whether it is an exchange, digital currency, or enterprise engaged in the foreign exchange industry. You can choose this license plate.