Does Loop accept unlicensed financial services businesses? (October 2026)
No: as of October 16, 2026, Loop does not accept unlicensed financial services businesses, per its published policy.
No
Licensee: Loop Payments Inc. (FINTRAC (Money Services Business Registry))
What the policy says
However, unlicensed activity, nested financial institution relationships, shell-bank activity, cryptoasset-related activity, or activity outside Loop's risk tolerance is not supported. … Money service businesses … Money transmitters, remittance businesses, currency exchange services, or similar services
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