Scallop obtains MSB license for operations in Canada
London, England, 11th January, 2022, Chainwire London, England, 11th January 2022 – Scallop has acquired money services business, or MSB, license from Financial Transactions and Reports Analysis Centre (FINTRAC). The Canadian MSB license issued by FINTRAC, allows SCALLOP FINTECH INC, (Scallop Group Limited’s Canadian corporation subsidiary) to conduct money transfers and be a dealer for foreign exchange, as well as for virtual currencies. Foreign Exchange dealing allows Scallop to conduct transactions to exchange one type of currency for another (for example, exchanging USD for ...
Source: coinrivet.com