Navigate MICA with Ease: Future-Proof Your Crypto Business

Register in Canada for Smooth European Operations

Stay compliant and operational in Europe by leveraging Canada's favorable regulations. Let Renno guide you through the process seamlessly.

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Download Your Free RPAA Compliance Guide

What is MICA ?

The upcoming MICA (Markets in Crypto-Assets) regulation, coming into force in several stages in 2024, will create a very onerous licensing requirement for crypto companies across Europe.
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‍Renno offers a streamlined pathway to help your business get registered in Canada, which may allow you to operate globally (and in Europe) without the burdens of MICA compliance.

Key MICA Challenges

Difficult Registration Processes in Europe

Increased Compliance Costs

Potential Regulatory Hurdles under MICA

Ensure MICA Compliance: Register Your Business in Canada

Register your Crypto business in Canada for Smooth European Operations

Regulatory Ease

Simple and inexpensive registration process compared to MICA.

Operational Freedom

Continue serving your European clients without getting MICA-licensed.

Powerful License

The Canadian payment license is powerful and may allow you to operate globally. 

Learn more about Registration in Canada

How We Help

Help You go Live

We will help you obtain all necessary licenses, get you banked, put you in touch with the right accountants, provide ongoing compliance support, and more!

Consultation and Strategy

Develop a tailored strategy for obtaining your payment license in Canada, ensuring seamless compliance and operational efficiency.

Jurisdiction Analysis

Detailed analysis of why Canada is the optimal alternative to MICA-affected countries, focusing on regulatory benefits and business advantages.

Ongoing Support

Ongoing assistance to ensure your business remains compliant and can adapt to any future regulatory changes, providing peace of mind and operational stability.

Book a Free Consultation

Why Choose Renno?

Trusted by 40+ Fintech startups across 10+ countries

Expertise and Experience

Proven track record in navigating the Canadian regulatory environment.

Tailored Solutions

Customized services to meet your unique business needs.

Legal & Compliance

We’re the only firm in Canada with compliance AND legal practitioners - we have you covered from every angle!

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Latest Update

I Missed The November 15, 2024 RPAA Registration Deadline Window, Now What?

Missing the RPAA registration deadline can lead to significant penalties, restrictions, and operational challenges for payment service providers.

Safeguarding End-User Funds Under The RPAA: Strategies And Best Practices For PSPs

A PSP will hold funds on behalf of an end-user when it keeps the end-user funds at rest or available for withdrawal or transfer in the future.

Canadian Regulations

FINTRAC Fines & Penalties For Non-Compliance: A Complete Guide By Fintech Lawyers In Canada For MSBs

FINTRAC fines for MSB non-compliance can range anywhere from thousands of dollars in fines to years of imprisonment. Read our blog to learn more.

Read more

FAQ

What is MICA and how does it affect my crypto business?
MICA (Markets in Crypto-Assets) is a new European regulation that will initially come into effect on June 30th, 2024. It imposes stringent licensing and compliance requirements on crypto companies operating within Europe. If your business fails to comply, you may face substantial fines and reputational harm.
Why should I consider registering my crypto business in Canada?
Getting a crypto license (the MSB) in Canada is inexpensive and fast to obtain, allows you to provide a range of crypto AND fiat services, can open up doors with banks, and can be “passported” to Europe and other jurisdictions in accordance with local laws.
How can Rennoco help with the registration process?
We will take care of your registration for you from A-Z, help you understand your requirements under applicable laws, help you prepare all applicable policies and procedures, and ensure you remain compliant once you’re registered.
What are the benefits of registering in Canada over other jurisdictions?
Canada offers a simpler registration process, fewer regulatory hurdles, and a business-friendly environment. This makes it an ideal alternative for crypto companies looking to avoid getting licensed in MICA.
What ongoing support does Rennoco offer after registration?
Renno offers continuous assistance to ensure your business remains compliant with any future regulatory changes. We provide ongoing support to help you navigate any new compliance requirements and maintain operational stability.
How long does the registration process take?
The registration process duration can vary depending on the specific requirements and complexity of your business. Renno aims to streamline the process and expedite your registration in Canada efficiently.
Can Renno help with compliance in both Canada and Europe?
Yes, Renno's expertise includes ensuring compliance with Canadian regulations while enabling seamless integration in Europe. For instance, we have a track-record of providing ongoing compliance support to Canadian companies with European presence.
How do I get started with Renno's services?
To get started, you can book a free 15-minute strategy call or download our free MICA compliance guide. These resources will help you understand the benefits of registering in Canada and how Rennoco can assist your business.

Book a Free Consultation