Regulatory conditions

A company registered in Canada.

2. Large legal address.

3. Domestic bank accounts.

4. Company phone number.

5. Background investigation of the compliance officer or shareholders.

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

7. Good financial position.

8. At least 2 responsible persons, including 1 directors and 1 compliance officers.

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. Contact information of the Compliance Officer

8. Branch

Work flow of license application:

The financial business scheme design of 1 MSB license

2. Prepare and write application materials

3. Submit the MSB license application to FINTRAC.

4. In the application process, be responsible for answering the questions raised by FINTRAC.

5. If FINTRAC needs us to provide other documents or relevant explanations, we will be responsible for writing and submitting them.

Canada's MSB license plate is famous, and the reason analysis. It is still related to its use. There are only a few Canadian licenses, which are not only suitable for currency business such as exchanges, but also mainly for supervision and foreign exchange market. So, whether you are an exchange, digital currency or an enterprise engaged in the foreign exchange industry. You can choose this license plate.