How to register as a MSB in Quebec, Canada

Anyone know someone I can hire to help with the MSB paperwork? This whole process seems really complicated, and I don't want to screw it up and end up in hot water. I'm just looking to sell bitcoins on localbitcoins & paxful using Interac and bank transfers. I've already taken the first step and got my NEQ. But step 2 is proving to be tougher. I attempted to fill out the forms to become a MSB, but I can't find cryptocurrency listed anywhere in the documents. My options are all things like "Currency exchange," "Cheque cashing," "Funds transfers," or "Issue or redemption of traveller’s cheques, money orders or bank drafts." The license application I found is on the AMF's site under money services.

I've left messages to a bunch of small business lawyers in my province. Let's see if anything comes out of it.

According to what I can find, Canada treat cryptocurrency as if it's a commodity (for some reason) so it's probably best to take it up with those lawyers or ask them for (probably paid) advice on whether you need to file for a license or not (I was under the assumption a lot of places don't thoggh so it'll be interesting to find out if you do)...

Got a call from a lawyer that specialize in business, commercial and corporate law. I think it would be best if i hired a blockchain lawyer like Stikeman Elliott or Montreal Tech Lawyer. We'll see if i get a call from them.

If they're able to accept liability for their work then youll probably be fine going with them. They'll likely be insured if they mess up and you'll be able to claim off that any damages you have if necessary. You could wait it out a bit but I wouldn't leave a lawyer waiting too long it probably isn't a dissimilar asset from what they're used to if they've dealt in the financial industry.

I'll wait until Monday and if no one else came forward I'll interview her to make sure this isn't her first rodeo. I'm sure she can do a good job and get me where i need to be, but maybe a blockchain lawyer could get me there faster. I also received a very interesting email from the AMF : "Note that buying and selling crypto assets peer to peer (therefore, from one individual to another) is generally not subject to the Securities Act or the Money Services Business Act. It is still important to make sure of this and to consult a lawyer, if necessary, to make this determination.". Kinda strange considering all the big players on localbitcoins in Canada are registered as an MSB. (Maybe they operate bitcoin atms too ?)

Yeah a few days shouldn't make too much difference. And yeah I didn't think you did but you might do.. And they could just be covering themselves in case they're considered a business as itll have some advantages (eg they're forced to separate their own and company funds)... They might also have msb licensing to make themselves look a bit more serious but I don't know if thst would work or not if someone else still had a competitive rate...