How Much Does a Canada (MSB) Crypto License Cost in 2026?
Quotes for a Canada (MSB) crypto license vary widely because providers bundle different things. Here is an honest view of what it actually costs in 2026 — and how that stacks up against Panama. CRYPTO LICENSE GUIDE · 2026 Canada (MSB) crypto license cost Crypto licensing across 15+ jurisdictions CONSULTING24.CO The Headline Number: $8,000–$25,000 A Canada (MSB) setup typically runs $8,000–$25,000 in the first year. That covers a FINTRAC money-services-business (MSB) registration via FINTRAC, plus the compliance and corporate work around it. Fast, affordable and credible for North-American-facing operations. Panama, for comparison, is $15,000–$45,000 all-in for year one — useful as a price anchor when you read a Canada (MSB) quote. See our full cost breakdown . The 4 stages of getting licensed 1 Choose jurisdiction match your customers 2 Incorporate set up the entity 3 AML / KYC program the banking key 4 Open banking fiat on/off-ramps What Drives the Cost The big cost driver...