Virtual Currency MSB Registration with FINTRAC
Dealing in virtual currency makes you a money services business. We register your crypto business with FINTRAC, build the reporting and monitoring controls the regulator expects, and keep you compliant as you scale.
Virtual Currency Dealers Must Register With FINTRAC
Dealing in virtual currency is a money services business activity under the PCMLTFA, so registration with FINTRAC is mandatory before you serve any Canadian customers. Exchanges, brokers, and trading platforms all fall within scope, and registering is only the first of several ongoing obligations you will carry.
Crypto Reporting Has Its Own Rules
Virtual currency carries reporting duties built for digital assets. Receiving ten thousand dollars or more in virtual currency must be reported, and transfers above the prescribed threshold must carry sender and beneficiary information under the Travel Rule. These obligations sit on top of your standard compliance program, and examiners check them closely.
MSB Registration
We register your virtual currency business with FINTRAC and declare your dealing activities.
Crypto Reporting
We build your large virtual currency transaction reporting and Travel Rule information controls.
Wallet Monitoring
We integrate blockchain analytics to screen wallets and monitor transactions for risk.
Compliance Program
We deliver the policies, risk assessment, and training the PCMLTFA requires from you.
Ready to Simplify Your Compliance?
Crypto Businesses We Register
We register cryptocurrency exchanges, virtual currency brokers, over-the-counter desks, crypto ATM operators, and payment platforms that deal in digital assets for Canadian customers, whether they are domestic or foreign businesses.
We support banks with program design, oversight, & regulatory examination readiness.
We help credit unions meet obligations proportionate to their membership and scale.
We handle registration, renewals, reporting, & controls FINTRAC expects from you.
We cover Bank of Canada registration alongside your anti money laundering obligations.
We establish what your wallet activity triggers, then build only what applies.
We build compliance around what your product does, before volumes and questions arrive.
We register virtual currency dealers and build the reporting their activity demands.
We support financial institutions across registration, program build, and reporting duties.
Why Crypto Businesses Choose Us
Crypto Fluent
We understand virtual currency reporting, wallets, and the Travel Rule, so your controls fit how crypto actually moves.
Securities Aware
Some platforms also face provincial securities rules, and we flag where that second regime applies to you.
Bankable Depth
Crypto firms struggle for banking, so we build the compliance depth partners expect before opening accounts.
Serving Crypto Businesses Across Canada
We register and support virtual currency businesses nationwide, from Toronto and Montreal to Vancouver and Calgary, and we also register foreign crypto dealers directing services at Canadian customers from abroad.
Let's Talk About Your Compliance Needs
Schedule a Free Consultation
Whether you’re starting a new MSB or need ongoing AML support, our team responds within one business day.
Virtual Currency Registration Questions
Clear answers to the questions crypto businesses ask most about registering as a virtual currency money services business with FINTRAC in Canada.
Do crypto businesses register with FINTRAC?
Yes. Dealing in virtual currency is a money services business activity, so registration with FINTRAC is mandatory before serving Canadian customers.
What is a large virtual currency report?
Receiving ten thousand dollars or more in virtual currency must be reported to FINTRAC, mirroring the large cash transaction rule for traditional money.
Does the Travel Rule apply to crypto?
Yes. Sender and beneficiary information must accompany virtual currency transfers above the prescribed threshold, so crypto cannot move anonymously through your platform.
Do foreign crypto dealers register?
Yes. Foreign virtual currency dealers directing services at Canadian customers must register with FINTRAC as foreign money services businesses.
Do securities rules also apply?
Sometimes. Trading platforms can fall under provincial securities regulation as well, which is a separate regime we assess alongside your FINTRAC registration.