We are incorporated in the province of Alberta and licensed as a Money Service Business (MSB) with FINTRAC, making us subject to the rules and regulations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).
We’ve established a working relationship with a Canadian-based banking institution, ensuring that our clients’ cash balances (Canadian dollars) are safely held in a custodial bank account. Even if NDAX were to fail as a business, funds held in this segregated account would be returnable to NDAX’s clients. Additionally, our Canadian banking relationship allows for same day settlement of your funds.
A paradigm shift has occurred with the introduction of digital assets to the financial world; NDAX is here to safely and securely guide Canada forward. NDAX was developed with the high quality, security and compliance standards institutional clients require.
Our philosophy is to engage with regulators and financial institutions to set the standard for the Canadian cryptocurrency industry. While the path is new, the expectations are not.