Crypto license in Canada
What is a crypto permit in Canada?
Why should you choose fintecharbor.com to receive a digital finance authorization in Canada?
The process to receive a crypto license in Canada
Local and foreign crypto platforms are classified as money service businesses and must register with FINTRAC. For obtaining a Canada cryptocurrency exchange license, the regulator does not charge registration fees.
But there is a condition of activity. If the transaction amount exceeds 10,000 Canadian dollars ($7,667) in crypto, then the firm must record the details of the transaction, identify the sender, and report the transaction to the government regulator.