License Playbook
Global Licensing: FINTRAC, FCA, and VARA.
Capital requirements and timelines for Canada, UK, and Dubai—and how VeriRail provides the Tech Audit required for approval.
| Jurisdiction | Regulator / License | Capital (typical) | Timeline |
|---|---|---|---|
| Canada | FINTRAC (MSB registration) | No minimum capital for registration | Weeks to a few months |
| UK | FCA (EMI / PI) | €350k+ initial capital (EMI) | 6–12 months |
| Dubai / UAE | VARA (virtual assets) / Central Bank | Varies by activity (VARA) | 6–12+ months |
Indicative only. Consult your legal advisor. VeriRail provides the Tech Audit and Banking Proof that regulators expect.
The Chicken-and-Egg Problem
Regulators require a Tech Audit and Banking Proof to grant a license. But you can't get banking without a license, and you can't get a license without proof of banking readiness. Most founders burn 12–18 months (and six figures) trying to solve this in sequence. The solution is to bring both pieces together in one structured path.
FINTRAC (Canada)
MSB registration in Canada requires a compliance program, AML/CFT policies, and evidence of banking relationships. Regulators expect to see a clear technical and operational setup. VeriRail provides the compliance framework and the path to Tier 1 safeguarding accounts, so your FINTRAC application is backed by institutional-grade infrastructure from day one.
FCA (UK) / EMI
FCA authorization (including EMI) demands a robust tech stack, governance structure, and proof that you can safeguard client funds. VeriRail's pre-integrated Tier 1 rails and compliance support give you the “Banking Proof” and structured tech audit narrative that regulators look for. We don't replace your legal counsel—we give them the infrastructure story they need to present.
VARA (UAE / Dubai)
VARA crypto and virtual asset licensing requires alignment with Central Bank and VARA standards, including custody and fiat rails. VeriRail is VARA-aligned and provides access to Dirham clearing and FX liquidity via Central Bank and VARA-aligned partners. Our framework supports the technical and banking evidence required for your VARA application.
Next Step
VeriRail provides both the Tech Audit narrative and the Banking Proof. Book a Technical Review to get a licensing roadmap tailored to your jurisdiction (UK, EEA, UAE, Canada).
Book a Technical Review