First of all, Canadian msb license and American msb license are similar in terms of supervision. There is no special difference between 130 and 9370, which are both 6 165:
1: The msb license in the United States is supervised by FinCEN (Financial Crimes Enforcement Bureau, a subsidiary of the US Treasury Department) and belongs to the registration licensing system. All enterprises engaged in monetary services must apply for this license. This is similar to the last item added by China Industrial and Commercial Registration: fund service business.
2. Canada's msb is supervised by the Canadian Financial Transaction and Report Analysis Center. FINTRAC is a financial intelligence unit in Canada, which was established in 2000. It is an independent institution that reports to the Minister of Finance and is responsible to the parliamentary activity center. Headquartered in Ottawa. 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. Similar to CFTC in America. FINTRAC accepts that financial institutions and intermediaries are mainly responsible for collecting, analyzing, evaluating and disclosing relevant information of Canada's financial industry in order to protect Canada's financial stability and security.
The MSB license in the United States is a financial license.
The MSB (Money Service Business) license in the United States is a financial license issued under the supervision of FinCEN (Financial Crime Enforcement Bureau under the US Treasury Department), which is mainly aimed at enterprises and companies related to money services. The scope includes international remittance, foreign exchange, currency transaction/transfer (including digital currency/virtual currency), ICO issuance, provision of prepaid items and issuance of traveler's checks.
Advantages of American MSB license:
1. Obtaining authoritative approval: Obtaining authoritative approval from the US Treasury Department means compliance supervision of the platform. The company law and supervision of Jin Rong industry in the United States are very perfect. Having an American license will make your digital commodity B trading platform more recognized by global investors.
2. Become a first-line platform: MSB license is also the standard license of global digital commodity B trading institutions. Firecoin.com, Bitcoin Base, Bitfinex, Poloniex, Coin 'an, OK and other platforms all hold this license.
3. Diversified services: MSB license allows currency exchange and delivery services, allowing you to better meet customer needs and provide more diversified services.
Canadian MSB license belongs to foreign exchange license.
FINTRAC is a financial intelligence agency in Canada, which was established in 2000. It is an independent institution that reports to the Minister of Finance and is responsible to the parliamentary activity center. Headquartered in Ottawa. 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.
Canadian license advantage
1. At present, the license plate with the lowest handling fee among all AA brands in China.
2. No deposit is required.
3. Playing cards is fast.
4. Less complaints and good reputation
5. Tianyanxiu MM full card.
In fact, for the digital currency project, the licenses of both countries are very good choices. It is also very important that both licenses can be applied offshore in a small number of Class A licenses, which saves a lot of post-maintenance costs. At present, there are many projects and exchanges that hold licenses from two countries at the same time. After all, it is absolutely necessary to operate in compliance in the future. If the budget is sufficient, it is not good to have two licenses at the same time After all, the exchange didn't say there was only one license, and all the international companies had one.