TIJARAH HOLDING LTD. SECURES CANADIAN MONEY SERVICES BUSINESS LICENSE THROUGH SUBSIDIARY, GC GLOBAL FINANCE LTD.
The License Allows GC Global Finance To Forge New Partnerships And Expand It's Global Reach
Kuala Lumpur, Malaysia, July 12, 2023 – Tijarah Holding Ltd., a prominent Blockchain developer, and Islamic Digital Asset Service Provider (IDASP), is delighted to announce the successful acquisition of a Canadian Money Services Business (MSB) license, duly registered with FINTRAC and regulated by the British Columbia Financial Services Authority (MSB registration number: M23739966), through its subsidiary, GC Global Finance Ltd—an Islamic Fintech provider. This accomplishment represents a pivotal milestone in the group's unwavering dedication to delivering secure, efficient, and customer-centric Islamic fintech services.
A copy of GC Global Finance Ltd. license on the FINTRAC website.
The acquisition of the MSB license marks a significant milestone for Tijarah Group, empowering them to conduct Fintech operations not only in Canada but also on an international scale. "We are thrilled by this achievement as it solidifies our position as a global IDASP, creating a vital bridge between fiat currencies and digital assets within the MaalChain ecosystem. This seamless integration will enable us to facilitate foreign currency exchange, On Ramp exchange (fiat to digital assets), Off Ramp exchange (digital assets to fiat), and global Money transfers," said John Pellegrini, CEO of Tijarah Holding Ltd. He further emphasized that this development comes at a perfect time as they prepare for the imminent soft launch of MaalChain (Maal blockchain) and its ecosystem in August 2023.
Canada boasts one of the most vibrant and stable economies globally, making it a prime destination for digital Fintech services. The country's stringent and normative regulations within the financial industry have been a significant draw for enterprises worldwide. Notably, securing the MSB license reflects GC Global Finance Ltd.'s recognition by the Canadian government and adherence to international compliance standards, cementing its position as a reliable provider capable of delivering a secure and stable services within the Canadian market and globally. The license also allows GC Global Finance to forge new partnerships, expand its global reach, and explore innovative financial technologies to enhance its offerings further.