Blockchain Companies Play an Important Role in OSC’s Fintech Advisory Committee
Ontario Securities Commission's Fintech Advisory Committee includes representatives from some of the leading blockchain and fintech firms. Blockchain technology is gradually becoming synonymous with financial technology. As the demand for distributed ledger related applications in banking and financial industry increases, the financial regulatory bodies are preparing themselves to accommodate such transition. The Ontario Securities Commission, in its effort to facilitate the use of new fintech solutions, has announced the formation of a Fintech Advisory Committee. The regulatory body has....
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The Ontario Securities Commission (OSC) is on the hunt for representatives from the digital currency and blockchain industry for a new advisory panel on fintech. Announced yesterday, the panel will coordinate with and provide advice to the OSC’s LaunchPad, a fintech-focused initiative that serves as a communication point between startups and regulators. Applications for the panel are due by 30th November, the OSC said. The OSC elaborated in a statement: “OSC LaunchPad strives to keep regulation in step with digital innovation. The [Fintech Advisory Committee] will meet quarterly, with....
A number of National Basketball Association (NBA) team owners have formed an NBA blockchain advisory committee for the American professional basketball league. The advisory committee is composed of well known billionaires and blockchain advocates who own the teams the Nets, Mavs, Wizards, Celtics, Kings, and Jazz. Billionaire NBA Team Owners Invoke a Blockchain Advisory Committee for the National Basketball Association The American professional basketball league, the NBA, may incorporate blockchain and crypto solutions into the industry in the near future. Sportico.com contributors Scott....
Non-financial technology companies with a growing expertise in FinTech (financial technology) will play a bigger role in shaping South Korea’s financial industry, according to the country’s central bank. In a recent report by the Bank of Korea, the central bank sees non-financial, technology-oriented companies to make a big splash in the country’s financial industry. “Nonfinancial institutions that have the technology will play a bigger role in business such as consumer banking, money transfers and transactions, investments and asset management that are currently mainly run by financial....
CFTC has appointed a bitcoin trading expert to their Technology Advisory Committee and has set a meeting on January 26th to review blockchain and bitcoin’s potential application to the derivatives market. Commodities Futures Trading Commission has appointed Paul L. Chou, a bitcoin trading expert to their Technology Advisory Committee. CFTC has also announced that on Tuesday, January 26, 2016 from 9.45 am to 3.45 p.m, the Technology Advisory Committee (TAC) will hold a public meeting at their Washington, DC Headquarters. The agenda of this meeting inclines on the following: The commission’s....
The Securities Exchange Board of India (SEBI) is setting up an advisory committee to focus on financial technology (FinTech) and issues related to the industry. The aim is to make it easier for everyday citizens to turn their savings into investments in a heavily paper-reliant economy. Revealed by SEBI chairman UK Sinha last week, the Fintech committee will explore ways and solutions to bring household savings into the financial market via technology. Among the fastest and more robustly growing economies of the world, India’s population holds a significant portion of its earnings in....