This page states exactly where our registration stands, how funds are held, what we check before a transfer moves, and what we do with your data. If something here is unclear, that is a defect — tell us.
MSB registration no. N300002230. Registration is not a licence or an endorsement.
Coynitt Canada Inc., Corporate Access No. 2027982756.
Designed so every transfer, contribution and payout is recorded on-chain.
We do not sell personal information or run advertising against it.
Funds in flight sit in Coynitt-controlled addresses and in smart contracts that Coynitt's systems sign for. Coynitt is not a bank and customer funds are not covered by CDIC deposit insurance.
We do not lend, stake or invest customer funds. There is no yield product.
Coynitt is not a bank. Customer funds are not covered by CDIC.
The controls below are being built and tested and are not yet live.
Government-issued photo ID check at signup.
Sender, recipient and beneficiary screened against Canadian, UN, UK and US lists before a transfer routes.
Requested where amounts or patterns require it, with clear thresholds rather than arbitrary holds.
Behavioural monitoring for structuring, mule patterns and corridor anomalies, reviewed by a human before any account action.
Large cash, large virtual currency, EFT and suspicious transaction reports filed as Canadian law requires.
Verification records and transaction detail retained for the statutory period, then deleted on schedule.
Settlement runs on Coinbase Base L2. Contracts are written to be small and readable rather than clever. Coynitt's contracts run on a test network today.
Coynitt does not publish the internals of its routing intelligence.
We hold identity documents and transaction records for the period Canadian AML law requires, encrypted at rest and in transit. We do not sell data, we do not run advertising, and we do not share transaction detail with third parties except where a law or a lawful order requires it.
If you are in the UK or EU, UK GDPR or GDPR rights apply; Canadian residents are covered by PIPEDA. Access, correction and erasure requests go to one address and are answered inside thirty days.
Report a vulnerability to security@coynitt.ca with enough detail to reproduce it. We acknowledge inside one business day, keep you updated while we fix it, and credit reporters who want the credit. No legal action against good-faith research.
Not yet. Coynitt Canada Inc. is registered with FINTRAC as an MSB, but we are not yet open and are not accepting customer funds. Further regulatory steps remain, including Bank of Canada registration under the Retail Payment Activities Act. Join the waitlist and we will email you before invitations open.
No. Coynitt is not a bank and customer funds are not covered by CDIC.
Canadian law requires a money services business to verify who is sending, and sanctions screening only works against a verified name. One verification covers Transfers, Rounds and Harambee.
Coynitt is not yet open to the public and is not accepting customer funds. Further regulatory steps remain, including registration with the Bank of Canada under the Retail Payment Activities Act.
Only where law requires a hold or monitoring flags a genuine risk. You will be told there is a review, and a human reviews it — not only a model.
Coynitt Canada Inc. is registered with FINTRAC as an MSB, but we are not yet open and are not accepting customer funds. Further regulatory steps remain, including Bank of Canada registration under the Retail Payment Activities Act. Join the waitlist and we will email you before invitations open.
