Canadian FMSB Registration (Foreign Money Services Business) for Cryptocurrency Businesses
Foreign Money Services Businesses (FMSBs) are similar to Money Service Businesses (MSBs); however, there are some key differences.This article will explain the key criteria for a business to qualify as an FMSB in Canada and will outline the major compliance requirements for an FMSB. TABLE OF CONTENTS Who qualifies as an FMSB?Qualification RequirementsFurther clarity on