Bitget Has Obtained Canadian MSB Financial License and Can Conduct Legal Digital Currency Trading Services Locally

Bitget Global Users:

Bitget has obtained the Canadian MSB (Money Services Business) license on April 8, 2020 local time, officially accepting the strict supervision of FINTRAC, and can legally carry out digital currency trading services in Canada. The recognition and affirmation of the Canadian MSB at this time is an important symbol of Bitget's global development, which signals further improvement of the Bitget regulatory system and global compliance operation.

FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) is Canada's financial intelligence unit. The Canadian government issued a decree in 2019 to confirm that companies engaged in digital currency trading and need to apply to FINTRAC to become an MSB service provider. Bitget has been reviewed and approved by the Canadian regulatory authority FINTRAC, has obtained the MSB permission, and is regulated by the local laws of Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the “PCMLTFA”).

As a world-renowned digital currency exchange, Bitget actively explores the global market and at the same time operates its licensed business to the global market. In addition to the Canadian MSB license, Bitget has obtained the US MSB license issued by the US regulatory agency FinCEN (Financial Crimes Enforcement Agency under the US Treasury Department) on March 3, 2020, U.S. time, and is allowed to perform digital currency exchange fiat currency services and digital currency wallet services in the country. What’s more, Bitget has also obtained the exemption of the Singapore digital currency payment service issued by MAS (Monetary Authority of Singapore), and can carry out relevant businesses in accordance with the law.

Ensuring the safety of funds and adherence to compliance requirements is Bitget's long-standing operating principle. Bitget will continue to carry out compliance work around the world, embrace global supervision, and become a benchmark platform for international operation in the industry, providing global users with more professional, safe and compliant digital currency trading service.