{"id":2755,"date":"2024-03-15T12:53:56","date_gmt":"2024-03-15T12:53:56","guid":{"rendered":"https:\/\/legalbison.com\/?page_id=2755"},"modified":"2026-04-15T10:27:24","modified_gmt":"2026-04-15T10:27:24","slug":"canada","status":"publish","type":"page","link":"https:\/\/legalbison.com\/en-id\/crypto-license\/canada\/","title":{"rendered":"Crypto License in Canada \u2013 Money Services Business (MSB) License"},"content":{"rendered":"<p style=\"text-align: left;\" data-pm-slice=\"1 1 []\">Assistance in getting the Money Service Business license in Canada for crypto activities. More information on the crypto license in Canada and our full inclusive service packages.<\/p>\n<p style=\"text-align: left;\"><strong>Quick facts: Canada Crypto License<\/strong><\/p>\n<table class=\" alignleft\">\n<colgroup>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">License Type<\/th>\n<th colspan=\"1\" rowspan=\"1\">Money Service Business (MSB)<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Regulator<\/td>\n<td colspan=\"1\" rowspan=\"1\"><a href=\"https:\/\/fintrac-canafe.canada.ca\" target=\"_blank\" rel=\"noopener noreferrer\">FINTRAC<\/a><\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Timeframe<\/td>\n<td colspan=\"1\" rowspan=\"1\">3-5 months<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Government fees<\/td>\n<td colspan=\"1\" rowspan=\"1\">No<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Minimal capital<\/td>\n<td colspan=\"1\" rowspan=\"1\">None<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Corporate tax<\/td>\n<td colspan=\"1\" rowspan=\"1\">15% + provincial CIT<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Key advantages<\/td>\n<td colspan=\"1\" rowspan=\"1\">One of the fastest and least expensive Western license, multiple possible activities, relatively fast set-up<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><center><button class=\"whitespace-nowrap btn btn--small btn--blue\" type=\"button\" data-fancybox=\"\" data-src=\"#contact-form\">Book a free consultation<\/button><\/center><\/p>\n<p style=\"text-align: left;\">The Canadian crypto regulation, officially known as Money Service Business (or MSB for short) is one of the most exciting crypto legislation in the world. Any self-conscious crypto startup should look into Canada to register their activities, as it is a comprehensive and cost effective way to legally operate your crypto business.<\/p>\n<ul style=\"text-align: left;\">\n<li><strong>Includes multiple money services businesses<\/strong>: as the framework says, dealing in virtual assets is one of various activities allowed by the Money Services Business regulation.<\/li>\n<li><strong>Very reputable jurisdiction<\/strong>: located in North America, bordering the United States of America, which a very high GDP, English-native speaking country and access to the global market.<\/li>\n<li><strong>Possibility to register an \u201coffshore\u201d entity<\/strong>: as a Foreign Money Services Business, a crypto company isn\u2019t required to physically establish itself in Canada to operate under the Canadian regulations. The Foreign Money Service Business registration is granted to foreign entities targeting Canadian customers. This includes providing direct services to individuals or entities located in Canada, even if the business is registered or licensed elsewhere.<\/li>\n<li><strong>Simple and straightforward requirements<\/strong>: proper risk management and communication to the reports analysis centre, as well as proper implementation of Anti Money Laundering regulations are basically what a Canadian MSB must comply with.<\/li>\n<\/ul>\n<p style=\"text-align: left;\">Which activities are allowed with a Canada MSB license? The following services are permitted:<\/p>\n<ul style=\"text-align: left;\">\n<li>Dealing in virtual currencies<\/li>\n<li>Foreign exchange dealing<\/li>\n<li>Money transferring<\/li>\n<li>Issuing or redeeming money orders, traveller\u2019s cheques or other similar negotiable instruments<\/li>\n<\/ul>\n<p style=\"text-align: left;\">Our complete guide to the Money Service Business crypto license in Canada includes all the recent changes. Find out more about how to start a Canadian <a href=\"https:\/\/legalbison.com\/crypto-exchange\/\" target=\"_blank\" rel=\"noopener noreferrer\">crypto exchange<\/a> in the shortest delays.<\/p>\n<p><script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@graph\": [\n    {\n      \"@type\": \"LegalService\",\n      \"@id\": \"https:\/\/legalbison.com\/crypto-license\/canada\/#service\",\n      \"name\": \"Crypto License in Canada\",\n      \"parentOrganization\": {\n        \"@id\": \"https:\/\/legalbison.com\/#organization\"\n      },\n      \"telephone\": \"+44 204577 0974\",\n      \"image\": \"https:\/\/legalbison.com\/wp-content\/uploads\/2024\/04\/LegalBison_logo_with_white_background.png\",\n      \"priceRange\": \"0\",\n      \"address\": {\n        \"@type\": \"PostalAddress\",\n        \"streetAddress\": \"Piekna 24 \/26A\",\n        \"addressLocality\": \"Warsaw\",\n        \"postalCode\": \"00-549\",\n        \"addressCountry\": \"PL\"\n      },\n      \"description\": \"Obtain a crypto license in Canada with LegalBison. 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Domestic MSB setups are generally more favorable, while foreign companies can apply but face more complexity.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"Can you provide me with a basic business plan for a crypto company?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"Yes, LegalBison can design a business plan tailored to your crypto project and regulatory requirements.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"Can a legal entity become a shareholder in Canada?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"Yes, but a certificate of no criminal record is required. 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FINTRAC typically responds within 2 weeks once complete.\"\n          }]\n        }\n      ]\n    }\n  ]\n}\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Assistance in getting the Money Service Business license in Canada for crypto activities. More information on the crypto license in Canada and our full inclusive service packages. Quick facts: Canada Crypto License License Type Money Service Business (MSB) Regulator FINTRAC Timeframe 3-5 months Government fees No Minimal capital None Corporate tax 15% + provincial CIT [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":17,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-country.php","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-2755","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto License in Canada | Expert Legal Consulting Service - LegalBison<\/title>\n<meta name=\"description\" content=\"Obtain a Canadian Money Services Business (MSB) license for crypto activities. Operate in a reputable North American jurisdiction with flexible domestic or foreign entity options. 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