or
Hi folks,
I heard that there used to be no clear rules for crypto business there, and many investors simply did not trust local projects. Now it seems that the situation has changed, but I am completely confused about what licenses are needed and where to start. Do I need to register as an MSB? What steps are required for a company to legally exchange cryptocurrency or process payments? I really want to understand the process and requirements so as not to get fines or problems with the law. Has anyone encountered this in Canada?
4 comments
Baranov Aleksandr
04 Oct 2025
As a Canadian investor, I have been looking for legal and safe solutions for cryptocurrency for a long time. In Canada, crypto assets are regulated by FINTRAC, and for full compliance, I chose https://b2binpay.com/en/solutions/custody. B2binpay's custodial services are perfect for me. The platform provides cold storage of assets with multi-signature, insurance coverage and full compliance with local regulations. I can trade, receive payments and even stake with peace of mind knowing that my funds are protected. This is not just a wallet, but a complete solution for businesses and private investors. If you want to work with crypto without risks, start here!
sanny56
04 Oct 2025
Yes, to work with cryptocurrency in Canada, it is really important to get officially registered as a Money Services Business (MSB). Without this, your company will not be able to legally provide payment services, exchange currency, or work with virtual assets. The registration process is regulated by FINTRAC, and they check for compliance with anti-money laundering and counter-terrorism financing laws. If you need support and step-by-step assistance in obtaining a license, I recommend contacting specialists. They will help you fill out all the documents and provide advice on the requirements. You can read more here: msb license canada. This makes starting a business much easier and completely legal.
Megal5
04 Oct 2025
An MSB license in Canada is a mandatory step for crypto companies. But in addition to registration, it is also important to comply with all AML and CTF rules constantly, and not just when starting a business. This includes reporting, monitoring transactions, and checking clients. Even if you plan to work remotely, compliance with all requirements will help avoid problems with regulators and increase trust from partners and investors.
Carl Bidwell
04 Oct 2025
In Canada you can legally work with crypto by registering with FINTRAC if you operate as an exchange or money service business, following anti-money laundering rules, and reporting taxes on gains. Always check CRA and provincial regulations for compliance.
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