MSB registration — virtual currency dealing in Canada

About This Company

CAD 0 in initial capital is required by FINTRAC, and the agency charges CAD 0 in annual supervisory fees. Incorporated in 2026, the company holds an authorisation running to 2029 for virtual currency dealing. Ongoing regulatory supervision imposes no capital-adequacy rules or minimum own-funds thresholds on registered money services businesses. Conduct monitoring instead centres on KYC procedures, transaction reporting, and independent AML effectiveness reviews conducted every two years. If operations include retail payment activities, the Bank of Canada's Retail Payment Activities Act requires safeguarding end-user funds in trust or through insurance. Under FINTRAC rules, registration is valid for two years, meaning the buyer must file renewal applications before expiry to prevent illegal operations. Official forms reporting changes to directors, physical addresses, agents or ownership must be delivered to FINTRAC within 30 days. Marketing restrictions strictly prohibit any promotional materials describing the business as licensed by FINTRAC or endorsed by the Canadian government. Ottawa records on the public MSB Registry showed 4059 registered entities of this type on 2026-09-24. Before signing, the buyer should inspect the compliance manual and past independent review reports to verify regulatory standing.