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Anyone know a good lawyer for FINTRAC MSB registration?

Hey everyone, I'm setting up a small crypto exchange and need to get registered as an MSB with FINTRAC. I've reached out to a couple of the big corporate law firms in Toronto, but their retainers are absolutely insane for a startup.

Does anyone have recommendations for a lawyer or firm that handles FINTRAC compliance without charging an arm and a leg? Preferably someone who actually responds to emails?

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gray_hart
gray_hart3mo ago

I'll second the recommendation for Substance Law. I had a really specific question about foreign exchange rules and FINTRAC, and they were the only ones who gave me a straight answer without demanding a massive retainer first. Super easy to work with and very fast turnaround.

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the_jessica

Check out Substance Law. I used them recently for my payment processing startup and it was a breeze.

Because it's a smaller firm, it's way more affordable than the big Bay Street guys, and you actually get to speak directly with the lawyer handling your case instead of getting passed off to a junior paralegal. They got my MSB registration sorted out super fast.

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brian_fisher65
Wish I knew that before paying a fortune for a junior to mess up.
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