E-money exchange Kraken is gearing up to provide Canadian consumers with a more diverse range of options, unveiling plans to introduce eight new cryptocurrencies and integrate Interac e-transfer capabilities into its platform. In a recent blog post, Kraken disclosed its intention to include Astar, Audius, Centrifuge, Moonbeam, GensoKishi Metaverse, Perpetual…
Canada’s regulatory authority in financial matters, guided by the OSFI, is actively seeking input on the disclosure of cryptocurrency assets, aligning with broader global trends. This initiative follows the agency’s proposal of new guidelines in July, emphasizing the perceived risks associated with the dynamic nature of the cryptocurrency sector. Background:…
In a monumental leap forward for the monetary technology sector, CACASHOP, a distinguished player in the industry, has officially secured the prestigious Canadian FINTRAC MSB (Money Services Business) Permit. This strategic move not only marks a significant milestone for CACASHOP but also reinforces its unwavering commitment to providing secure, compliant,…
Introduction In an era marked by the rapid evolution of monetary technology, Klasha stands at the forefront of innovation and convenience. Renowned for its groundbreaking digital payment and financial solutions, Klasha has embarked on a remarkable journey as it acquires a Money Services Business (MSB) permit in Canada. This momentous…
In an ever-evolving global financial landscape, businesses and entrepreneurs continually seek innovative solutions to navigate the regulatory environment effectively. One such solution gaining traction is the Money Services Business (MSB) license in Canada. This article explores the growing trend of choosing MSB licensing in Canada as a strategic alternative to…
MSBs and EMIs or PIs in Canada supply a wide array of monetary options catering to diverse consumer and commerce needs. This article focuses on highlighting the core options offered by these entities. Money Services Businesses (MSBs) MSBs play a pivotal role in facilitating various monetary transactions and services, making…
Exploring Business Prospects in the Canadian Landscape: Canada, a realm brimming with economic promise, allures global entrepreneurs and investors. Thanks to its unwaveringly stable economy, fortified legal framework, and unyielding dedication to innovation, Canada has emerged as a beacon for those aspiring to establish themselves within North America. However, prior…
On June 30, 2023, in Santa Clara, California, YOMAEX, the leading global digital currency exchange, achieved a significant milestone by securing a Canadian MSB license as part of its strategic expansion into Canada. This achievement not only signifies a pivotal moment in YOMAEX’s presence within the worldwide digital acquisition trading…
Canada, a diverse and resource-rich nation, has witnessed a dynamic economic landscape marked by a series of noteworthy developments in recent times. These economic trends have been shaped by a multitude of factors, including the global response to the COVID-19 pandemic, shifts in trade dynamics, government policies, and the ongoing…
In a significant development in the realm of economic regulation, the British Columbia MSB-Act has obtained royal agreement, marking a historic milestone in the province’s commitment to fostering a secure and appreciative economic sector. This crucial piece of legislation, designed to enhance the oversight of money benefits enterprises, has been…
In a momentous stride within the financial technology sector, Xace, a forefront contender in the domain of digital monetary services, has unveiled its official entry into the Canadian market as a Money Services Business (MSB). This strategic maneuver signifies an expansive leap for the company and ushers in novel prospects…
In the ever-evolving financial landscape, acquisitions are a common strategy for commerces looking to expand their reach and capabilities. For those considering an acquisition in Canada, especially in the realm of Money Services Businesses (MSBs), it’s essential to understand the regulatory environment and the unique considerations that come into play….
