Canada FINTRAC, referred to as Canada FTR or Canada MSB license.

FINTRAC is a Canadian financial supervision unit, which was established in 2000. It is mainly responsible for collecting, analyzing, evaluating and disclosing relevant information of Canada's financial industry to protect Canada's financial stability and security.

Business scope of FTR MSB fund supervision service in Canada:

1. Foreign exchange transactions

2. Transfer and remittance business

3. Cash or sell bills of exchange

4. Traveler's checks

5. Virtual currency transactions

At the end of 20 18, when the Canadian FTR MSB license was just listed, it was a moment of infinite scenery, because this license almost met most of the needs of all terminal markets and platform customers at that time!

Canadian license advantages:

1. Short processing cycle (punching in about 30 working days);

2. Canada has a high international reputation (as we all know, Canada is a developed country);

3. No monthly deposit (more cost-effective than other licenses);

4. This license plate just started to stand out at the low point of 18 (it just came out without negative effects). At that time, it was a recognized STP and MM license plate (there is no so-called STP/MM difference between Canada and the United States). At that time, the platform frantically chose to apply for this cost-effective license.

Now the Canadian license has faded, and there are more and better regulatory licenses on the market. However, due to its high cost performance, it is still a good choice for small and medium-sized platforms.

Canada FTR MSB processing flow

1. Registered Canadian company (BC province or federal company)

2. Write the license application materials with the company as the main body.

3. Submit the MSB license application to FINTRAC.

4. The local law firm is responsible for answering the questions raised by FINTRAC.

5. Pass the exam and play cards

Now you don't need to fly to Canada to apply for MSB in Canada. Find a reliable agency (you know) to assist in the application, and you can complete the licensing in about a month.