Security And Safety

FINTRAC Registration as a Money Service Business

Netcoins is proudly registered with FINTRAC as a Money Service Business, ensuring compliance with Canada’s anti-money laundering (AML) and counter-terrorism financing regulations.

CIRO and SOC Type II Certification

As a CIRO-registered entity with SOC Type II certification, Netcoins adheres to rigorous standards set by the Canadian Investment Regulatory Organization and demonstrates robust operational integrity.

Provincial and Territorial Regulatory Oversight

Netcoins is registered with the British Columbia Securities Commission (BCSC) and securities regulatory authorities across all Canadian provinces, Yukon, Nunavut, and Northwest Territories, ensuring full compliance with regional financial regulations.

Multi Signature Wallets

Multiple private keys to authorize transactions, significantly reduces the risk of unauthorized access or single-point failures. This added layer of protection ensures that your funds remain safe, offering greater control and peace of mind for users managing their digital assets.

Institutional Grade Security Partnerships

Our institutional-grade custody solution leverages Fireblocks for secure hot wallet management. While BitGo provides robust cold storage to safeguard assets offline with industry-leading security and insurance. The majority of funds are held in cold storage, ensuring maximum protection against online threats.

Insured Assets

To mitigate the risk of loss, our platform offers comprehensive insurance coverage, protecting user assets against potential threats such as cyberattacks, theft, or operational errors.

Two-Factor Authentication

To enhance account security, Netcoin implements Two-Factor Authentication (2FA) as a critical internal control measure. By requiring a second form of verification—such as a code sent to a user’s mobile device. In addition to a password, 2FA significantly reduces the risk of unauthorized access, ensuring that only verified users can manage their accounts and assets.

Secure Closed Network

Netcoin operates on a privately maintained, closed-source network that safeguards our core infrastructure from external threats. This secure environment ensures that sensitive intellectual property and operational systems remain protected, offering peace of mind to users by keeping critical components shielded from unauthorized access.

Account Appropriateness + Anti Money Laundering

Netcoin employs robust Account Appropriateness checks alongside Anti-Money Laundering (AML) protocols to ensure that all user accounts align with their financial profiles and intended use, mitigating risks of illicit activity. By verifying customer identities and monitoring transactions for suspicious behavior, we uphold a secure platform that complies with regulatory standards and protects against money laundering threats.