Coinweb Acquires OnRamp Technologies Limited to Gain FINTRAC MSB in Canada

April 14, 2022

Layer-2 blockchain platform Coinweb has acquired FINTRAC-registered OnRamp Technologies Limited, a Canadian money services business, to obtain Canadian fiat rails and MSB permissions. The acquisition enables Coinweb to offer virtual currency exchange and transfer services in Canada and supports the platform's regulated launch into North America.

Buyers
Coinweb
Targets
OnRamp Technologies Limited
Location
Canada
Transaction Type
Buyout

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