MSB financial license in Canada
By Diego Reppas | June 22, 2021
Canadian MSB licensed company, that can also do crypto activities as well as online banking activities.
Details of this transaction
- The company can conduct these licensed activities:
- Money remittance;
- Forex dealing;
- Crypto exchange
- The MSB license activities permission also includes card issuing, IBAN account opening. So basically it can work as an online bank for money transfers + crypto activities.
- The MSB can passport its services to the whole EU, in regards to the Canada-EU trade agreement.
- The company comes with 2 banking accounts.
- With this banking package, you can open segregated client accounts to store clients’ funds.
- The company transfer can be done within 2 weeks.
- In order to share company and license information, providing proof of funds will be necessary.
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