How to get a crypto license in Canada for a new business?

I am planning to launch crypto platform and am thinking about registering a company in Canada. I read that there are good conditions for working with digital currencies, but I also saw mentions of some MSB license. How necessary is it for a start? And what types of activities generally require such a license? I am also interested in whether it is possible to do everything remotely, without traveling to Canada. I would be grateful if someone shared their experience or step-by-step instructions on how to apply. I would not like to run into problems after launch due to non-compliance with the rules. If there are trusted consultants, please advise as well.

To work with cryptocurrencies in Canada, you really need to register as an MSB. This is a mandatory requirement of FINTRAC, a government agency that monitors compliance with laws on combating money laundering and terrorist financing. If your company will exchange currencies, transfer money, work with crypto exchanges, or even provide crowdfunding, you will need an msb license canada. The process can be completed completely remotely, which is convenient for international entrepreneurs. The procedure includes filing documents, a description of the planned activities, internal AML/CTF policies, and the appointment of a compliance officer. Canada is attractive because the rules are clearly spelled out, the process is transparent, and the license allows you to legally provide financial services around the world.

Canada is truly considered one of the most convenient jurisdictions for crypto projects. Transparency is important here, so the authorities clearly define who must register and what services are subject to licensing. If the business meets the list of permitted activities, then you can work with a license without fear of blocking or fines.