Atis Shala

Revenu Québec has issued Quebec MSB licenses since 13 September 2021, when the AMF stopped administering the Money-Services Businesses Act; the AMF now matters mainly for crypto trading platforms under securities law. Six services need a license: currency exchange, funds transfer, traveller’s cheques, money orders and bank drafts, cheque cashing, ATM operation and, since 1 […]...

Bitcoin ATM operations in Canada are strictly regulated under federal anti-money laundering laws, enforced by FINTRAC (Financial Transactions and Reports Analysis Centre of Canada). Every operator must formally register as a Money Services Business (MSB) before turning on a machine. Transactions below CAD $1,000 do not require identity verification, though operators are still required to […...

Bitcoin ATMs are the fastest cash-to-crypto on-ramp, but they charge far more than online exchanges, commonly 10% to 25% all-in. Your true cost has two parts: a visible transaction fee (roughly 5% to 20%) and a hidden spread between the ATM’s Bitcoin price and the live market rate. Fees stay high for real reasons, though. […]...