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.

Blocons advantages

• FINTRAC and provinces in one file. We prepare the FINTRAC registration together with the provincial requirements that apply to your model, so the business starts with one coherent file.
• We take on regulators and banks. Information requests, remarks, bank refusals, delays: we respond, revise, resubmit or appeal at no extra charge until the matter is closed.
• We see it through. Your file will not get lost on the way: the same people stay on it even when the review takes months. Where local law requires a licensed local adviser, we bring in a partner and remain accountable to you.
• A senior specialist on every file. An experienced specialist leads your project personally, backed by the group's 14 years in corporate law across 50+ countries, so we get right the first time what takes some firms three attempts. Non-standard models are our field: where others say it cannot be done, we look for a lawful route.
• Your project stays yours. Information about founders, beneficial owners, wallets and deals reaches neither competitors nor third parties. We disclose only what the law or the procedure requires, and the contract says so.

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 to discuss your MSB registration strategy in detail.