BITOY Receives Canadian MSB Regulated Financial License

Dear users.
BITOY has successfully received the MSB (Money Services Business) financial license regulated and issued by FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), becoming an exempt digital currency exchange from the regulatory authority.

The "licensing system" is a regulatory framework that is designed to better respond to market flexibility. A digital currency financial license gives an organization the right to conduct digital currency-related businesses and derivative services, such as digital currency exchanges, payments, digital currency financial derivatives, etc., in cooresponding regions.

The acquisition of the Canadian MSB license is another important milestone in BITOY's standardized operation and globalization. Prior to this, BITOY was granted a US MSB license.

Introduction of MSB regulated financial license in Canada
The Canadian MSB (Money Services Business) license is issued by the Financial Transactions and Analysis Reporting Centre (FINTRAC), an index of the Department of Finance of Canada. This license allows BITOY to legally and compliantly conduct a range of digital asset investment services including digital asset exchange, remittance services, digital asset trading, digital asset wallet services and other digital asset investment services in Canada, and is subject to real-time regulation by FINTRAC.

In the future, BITOY will continue to adhere to the development direction of compliance and transparency, further develop the global market with its existing crypto financial business and continuously improving trading experience, and provide the most professional and legit crypto financial services to global users.

BITOY Team

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