MSB registration in Canada with Blocons

Blocons is your trusted partner in legal registration of crypto activities under MSB (Money Services Business) status. We will help you gather and submit a complete set of documents to FINTRAC and provincial commissions (OSC, AMF QC, BC Securities), take into account the latest updates in AML/KYC policy, and ensure the smooth operation of your business.

Why Blocons recommends MSB registration in Canada

MSB status is key to the legal operation of exchanges, payment operators, and crypto service providers. Without FINTRAC compliance, you risk fines and account freezing. Registration through Blocons guarantees:

• Proper transaction monitoring and reporting;
• An effective AML/KYC system;
• Full compliance with provincial regulations (OSC, AMF QC, BC Securities, etc.).

Stages of legal support from Blocons

1. FINTRAC compliance audit

Blocons conducts a detailed analysis of the business model, prepares an MSB registration plan, and implements automated transaction monitoring.

2. Preparation and submission of documents

We collect applications, internal AML/KYC policies, and powers of attorney in strict accordance with FINTRAC and provincial commission requirements.

3. Coordination with provincial regulators

Blocons interacts with the OSC (Ontario), AMF (Quebec), BC Securities, and others, taking into account all local nuances of MSB licensing.

4. Post-registration compliance and reporting

Blocons sets up an end-to-end data collection process, trains staff, and updates internal policies for regular reporting to FINTRAC.

Latest developments for 2025

• Use of eID platforms for accelerated customer verification in accordance with FINTRAC standards.
• New PEP scoring algorithm increases transaction monitoring requirements.
• Participation of MSB providers in the Bank of Canada's Canadian digital currency (CBDC) pilot program.

Blocons advantages

• In-depth expertise in MSB registration in Ontario, Quebec, and British Columbia.
• Comprehensive service: from audit to training and reporting support.
• Transparency and full compliance with FINTRAC and provincial commission requirements.

Frequently asked questions

What is MSB and why is registration required?

MSB (Money Services Business) is a status for companies that provide financial services such as currency exchange, payments, etc. Registration through Blocons is required for legal operation and protection from fines.

How long does registration take?

The time frame depends on the completeness of the documents and FINTRAC's workload: usually 6 to 12 weeks.

Can I register remotely?

Yes, all steps are completed online, including e-signature and digital verification.

Submit a request

Ready to legalize your crypto business in Canada with Blocons? Submit a request, and our lawyer will contact you within an hour to discuss your MSB registration strategy in detail.