Coinweb, a layer-2 (L2) cross-computation platform, today announced that it has acquired FINTRAC-registered OnRamp Technologies, a payment company with Money Services Business consents (MSB) providing users access to fiat rails for projects being built on top of the Coinweb platform within Canada.
This license allows Coinweb to provide its services to customers in Canada for the first time, enabling the platform’s launch into North America shortly following its granting of a European digital asset license.
Canada’s MSB permissions permit Coinweb to offer virtual currency exchange and transfer services, paving the way for a fiat rails-integrated wallet with cross-chain tokenization functionality.
“The requirements to obtain digital assets licenses are subject to constant reviews and tightening of regula ..
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