MSB (Money Services Business)

MSB (Money Services Business) is a Canadian regulatory category for companies providing financial services, including money transfers, currency exchange, virtual currency transactions, crowdfunding, and payment service provider (PSP) services. MSBs are regulated by FINTRAC. Registration is valid for two years and can be renewed if all regulatory requirements continue to be met. CLEARCHAIN CORP is registered as an MSB for its 8lends crowdlending activities.