Launch your crypto or payment service in Canada with a registered MSB license and full compliance assistance.
MSB License in Canada for Crypto and Financial Companies
Canada is a straightforward jurisdiction for launching payment and currency-exchange businesses, but operating legally requires Money Services Business (MSB) registration with FINTRAC. Without it, a platform can lose access to banking channels, face blocked fiat gateways, and incur regulatory penalties.
Our team delivers full-cycle assistance. For existing companies we review corporate records, draft AML and compliance policies, and file the FINTRAC registration. For new ventures we help select the province, incorporate the entity, open a corporate account, and structure operations to meet Canadian regulatory standards.
- Direct communication with FINTRAC on your behalf
- Tailored AML/CFT policies and compliance documentation
- Support with business account onboarding
- Optional long-term compliance and reporting assistance
We also set up the required compliance infrastructure—appointing a Compliance Officer, developing a risk-assessment framework, and drafting the operational procedures you will need—so your business stays fully aligned with FINTRAC rules after approval.
Yes. If your company offers crypto exchange, wallet services, remittances, or payment processing involving fiat or digital currencies, MSB registration with FINTRAC is legally required. Operating without it may lead to bank refusals, payment blockages, or legal consequences.
You’ll need corporate documents, information on directors and owners, a business description, AML policies, and internal compliance procedures. We prepare and review the full package for you.
Yes. Foreign founders can register MSB entities in Canada. We help with company setup, appointing a local compliance officer, and fulfilling presence requirements without the need to relocate.
MSB entities must file reports, monitor transactions, update risk assessments, and undergo periodic audits. We provide tools, guidance, or full outsourcing to help meet these ongoing requirements.
