Many people are confused with various types of permissions for running a business. The Center of Financial Transaction and Reporting Analysis in Canada grants both the Canadian MSB and FMSB permits. In this article, you are able to obtain more info about discrepancies between these types of licensing. If you are attracted to legal business activity MSB license Canada is one of the most satisfactory prospects. An MSB (Money Services Business) license in Canada is required for businesses offering services like money transfers, currency exchange, or virtual currencies. Obtaining the license involves application, fees, background checks, and adherence to strict regulatory requirements.