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EXcoin Obtains Canadian MSB License Announcement

release time:2020-03-25

On March 25, 2020, EXcoin obtained the Canadian MSB license,(icense number M20254181) which means that EXcoin has entered the Canadian market. The Canada MSB license was issued by the Canadian Financial Trading and Reporting Analysis Center (FINTRAC). The Canadian Financial Intelligence Unit, established in 2000, is an independent agency that reports to the Minister of Finance and is responsible to the Parliamentary Activity Center. The headquarters is in Ottawa. Similar to CFTC in the United States, it is mainly responsible for collecting, analyzing, evaluating and disclosing relevant information about the Canadian financial industry and to protect Canada ’s financial stability and security. The main regulated objects of Canada MSB are businesses and companies related to money services, including foreign exchange transactions, digital currency, virtual currency transactions, as well as foreign exchange, international remittance, and so on. The approval of the Canadian MSB license means that all the operations of EXcoin in Canada are legally operated under supervision, and will gain more authority and greater global influence.EXcoin’s obtainment of the Canadian MSB license means that all the business of EXcoin in Canada are legally operated under supervision, and will gain more authority and greater global influence.Hereby to inform you with the good news!
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 EXcoin reserves the right of final interpretation of this announcement.