Yiksi
To launch a compliant crypto platform in Canada, Yiksi needed more than a legal entity. Rather, the client needed to establish their full regulatory soundness, which translated into securing FINTRAC Money Services Business (MSB) registration, meeting the robust AML and CFT requirements, and establishing local substance in Canada that would allow them to create crucial banking and payment partnerships in the future.
Our team of legal specialists stepped in as Yiksi’s trusted partner to help them build a Canadian legal presence from scratch. First, we helped the client incorporate a Canadian company and arranged a physical registered address to meet the operational substance requirements. Second, our consultants drafted a tailored business plan reflecting Yiksi’s specific corporate model. Besides, we assisted the client with preparing a robust and compliant AML and CFT policy framework, tailored specifically to the platform’s crypto activities.
With our end-to-end support, Yiksi managed the entire FINTRAC MSB registration process until the final application approval and beyond. Today, the company’s operations are backed by maximum regulatory credibility and reliable legal infrastructure necessary to launch and scale in Canada.
