Virtual currency sales in Canada

1. 1. In Taobao transaction, the buyer pays first. After the transaction amount in the game is completed, the buyer confirms the transaction and the seller can collect money. Taobao will ask the buyer to fill in the ID number and name of the game currency. 2. When the transaction amount is in the game, take a screenshot of the transaction process, and note that the ID number of the transaction should be consistent with the ID number of the buyer.

2. Not necessarily. It depends on the big market
if it's game currency, the value is generally fixed, but now we often say virtual currency generally refers to digital cryptocurrency, such as bitcoin, Fuyuan coin, Laite coin, goubu, etc. Digital cryptocurrency is a kind of investment and financing proct with high yield and high risk in China. The price volatility of digital cryptocurrency is very large, which is not limited to the rise and fall of stocks. Some got rich overnight, while others went back to pre liberation overnight
if someone guarantees that you can get a high profit by purchasing a virtual currency, it is very likely that this virtual currency will be MLM currency. Therefore, the investment is risky and the purchase of currency should be cautious.

3.

Hello, I'm glad to answer this question

money services business (MSBS) in Canada is subject to Canada's anti money laundering (AML) and anti terrorist financing (CTF) requirements. The Canadian regulator is fintrac. In addition to monitoring the instry, fintrac receives regular reports from licensed MSBS and issues updated instry regulations for the instry. If you do business in Quebec, you are also regulated by the Financial Markets Association (AMF). AMF is the Quebec government's regulatory body for the province's financial markets. In addition, as an organization collecting personal data, the office of the Privacy Commissioner of Canada will regulate your personal data practices. Instry members may also be subject to additional provincial requirements, depending on where you do business

if you are a money service company, you need to know all the obligations that apply to you. This includes registering your business with fintrac, reporting to fintrac, keeping records, identifying your customers, and having a compliance plan

if you conct business in Canada and provide the following services to the public, you are a money service:

foreign exchange transaction: you can convert one currency (US dollar to Canadian dollar) into another currency

fund payment: transfer funds from one person or organization to another by using electronic fund transfer network or any other method

cash or sell a money order, a traveler's check or anything similar: this may also include cashing or selling a traveler's check or anything similar. This does not include cashing checks to specific indivials or organizations

money services businesses (MSBS) in Canada are subject to Canadian anti money laundering (AML) and anti terrorist financing (CTF) requirements. The Canadian regulator is fintrac. In addition to monitoring the instry, fintrac receives regular reports from licensed MSBS and issues updated instry regulations for the instry. If you do business in Quebec, you are also regulated by the Financial Markets Association (AMF). AMF is the Quebec government's regulatory body for the province's financial markets. In addition, as an organization collecting personal data, the office of the Privacy Commissioner of Canada will regulate your personal data practices. Instry members may also be subject to additional provincial requirements, depending on where you do business

if you are a money service company, you need to know all the obligations that apply to you. This includes registering your business with fintrac, reporting to fintrac, keeping records, identifying your customers, and having a compliance plan

if you conct business in Canada and provide the following services to the public, you are a money service:

foreign exchange transaction: you can convert one currency (US dollar to Canadian dollar) into another currency

fund payment: transfer funds from one person or organization to another by using electronic fund transfer network or any other method

cash or sell a money order, a traveler's check or anything similar: this may also include cashing or selling a traveler's check or anything similar. This does not include cashing checks to specific indivials or organizations

4.

The currency of Canada is called Canadian dollar

The abbreviation of Canadian dollar is C $. It is the official currency of Canada. There are 5, 10, 20, 50 and 100 denominations in current Canadian banknotes. In addition, there are 1 yuan, 2 yuan and 5,10,25 mints

the early Canadian banknotes were issued by Royal Bank of Canada and local banks at the same time. The Central Bank of Canada, founded in 1934, is fully known as the Bank of Canada. The Bank of Canada is responsible for the currency issue in Canada. Canadian banknotes have eight denominations of 1, 2, 5, 10, 20, 50, 100 and 1000 Canadian dollars. There are also 1 and 2 Canadian dollars and 1, 5, 10, 25, 50 plus cents, of which 2 Canadian dollars are bimetal inlaid coins. One Canadian dollar equals 100 plus points

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extended materials:

Design Introction

2 Canadian dollars, Queen Elizabeth II, reverse design Robin

5 Canadian dollars, printed with the head of Sir Wilfrid Laurier, the first French Prime Minister of Canada, who was in power in Canada from 1896 to 1911, 5 Canadian dollars with woodpecker on the reverse

10 Canadian dollars with Sir John A. MacDonald on the back. He was the first Prime Minister of Canada and served from 1867 to 1873; The reverse design is Osprey (Osprey with white feathers)

20 yuan, Queen Elizabeth II of England, and the reverse design is Loon (common lion, a unique animal in Canada)

50 Canadian dollars. The head of WL McKinsey King William Lyon Mackenzie King is printed on the voucher. He served as Prime Minister of Canada twice, the first time from 1921 to 1930, and the second time from 1935 to 1948; On the reverse side, the design is snow owl, which is unique to Canada.

100 Canadian dollars. On the voucher is Sir Robert Borden, who was Prime Minister from 1911 to 1920. There is not only a head image on the Canadian dollar note, but also a design of Canada goose on the reverse.

1000 yuan note is rare, and pine Grosbeak on the reverse

5. Hello, Canadian MSB license plate can be added now
Canadian MSB license and American MSB license are still one of the most popular licenses at present. No matter the X price ratio or the gold content, they are superior. The main purpose of applying for license by the exchange is three points: publicity, compliance and packaging

many agents say that the price of MSB license in the United States is higher than that in Canada. In fact, the Canadian MSB license is also good. Especially after the new virtual currency trading authority, the scope of supervision is wider and the platform is more secure. Therefore, the Canadian MSB license is on fire again, and the license application fee is not very high, so there is no need to pay a deposit, No monthly maintenance costs, fast processing cycle, good reputation, high visibility<

application process
the first step is to register a Canadian company
Company Registration - about one week
register a Canadian company according to the legal address in Canada, the address proof of shareholders and directors, the resume of directors, detailed personal information and contact information of directors<

the second step is to apply for fintrac m license
license application - about 3 weeks
submit the application for M license to fintrac, answer questions, write and submit the document description

it is worth noting that owners who have previously applied for Canadian MSB licenses can also submit applications now if they want to increase the trading authority of virtual currency.

6. Foreign exchange investment should be cautious

7. The trading volume is too large, it is easy to be detected by GM, and GM is basically finished as soon as it is detected
the idea is good, but the investment should be large. One or two numbers can't be reversed at all. There must be a lot of them. At least they should be allocated to each small number, and the transaction won't be noticeable in the future
no matter which country you are in, RMT is very risky. Although there are huge profits, once it is sealed off, you can drink from the West
that's why I haven't done it all the time. The other reason is that there are too many people to make money as before

8. The current exchange rate is 6.2637
if you deposit 1 million RMB, the conversion to Canadian dollars is 1 million / 6.2637 = 159650.0471 Canadian dollars

9. Do you want to buy Canadian dollars or sell them?

10. If you want to try to calculate the amount of Canadian dollar converted into RMB, because the foreign exchange rate changes in real time, you can log in to the homepage of our bank and click "real time foreign exchange rate" under "real time financial information" on the right to view it On the left side of the page, you can click foreign exchange calculator)
please refer to: http://fx.cmbchina.com/hq/