Dear Bitunix users,
We are glad to announce that Bitunix has secured Canada's prestigious Money Services Business (MSB) License, effective January 22nd, 2024.
The Canada Money Services Business (MSB) License is a regulatory authorization issued by Canadian authorities. Typically issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), which is the regulatory agency responsible for overseeing MSBs and enforcing compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations.
Once granted, an MSB license allows the licensed entity to legally conduct specified financial activities within the jurisdiction, subject to ongoing oversight and supervision by the regulatory authority.
Under the Canada MSB License, Bitunix can provide a wide range of financial services to users in Canada, including cryptocurrency trading, fiat currency exchange, remittance services, payment processing, and wallet services.
By providing these services, Bitunix hopes to enable Canadian customers to participate in the expanding cryptocurrency market while abiding by legal regulations and upholding the highest levels of safety and reliability.
Bitunix Team
2024-03-14
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