Canadian Regulator: Blockchain & Fintech Needs Open Data Access for Development

Canadian Regulator: Blockchain & Fintech Needs Open Data Access for Development

Canada’s largest securities regulator has stated that open access to data is fundamental to developing fintech solutions like blockchain technology, in a white paper, reports Reuters. Last November, the Ontario Securities Commission (OSC) hosted a hackathon, with the aim of discovering innovative FinTech solutions for the finance sector. Its paper was the result of the hackathon. According to Pat Chaukos, chief of OSC LaunchPad, which is a regulatory sandbox to promote innovative solutions, blockchain can provide answers for problems that companies are experiencing. Chaukos said: You need....


Related News

Canadian Fintech Sector Overshadows its US Counterpart in 2016

Investments received by Canadian fintech firms in the year of 2016 has surpassed that of the United States, United Kingdom, and Singapore. Canada is surpassing the United States in the fintech sector. The changing status quo is quite evident from the scale of investments received by Canadian fintech startups compared to their counterparts in the United States. It is reported that the Canadian fintech sector in 2016 received the highest amount of venture capital backed funds since the past two decades. The funds raised by Canadian blockchain and fintech companies is said to have increased....

Blockchain Data Provider TradeBlock Partners With FinTech Sandbox

TradeBlock announced on July 18 that it will collaborate with Boston-based "enabler of global startups," FinTech Sandbox. TradeBlock provides blockchain analysis tools to financial institutions. Sandbox users will be able to have free access to the blockchain data of TradeBlock’s API and download and store the information for up to six months for testing and demonstration purposes. TradeBlock’s analytics and accounts manager, Ishan Singh, said: “The goal with this partnership is to empower early stage companies with access to the best data and tools available so that they can drive....

Ontario Securities Commission Hosts Fintech Hackathon

The Ontario Securities Commission (OSC) has announced it is hosting a regulatory hackathon for blockchain and fintech innovation. The event follows the recent launch of the OSC LaunchPad, a service that engages with fintech startups and provides opportunity. Hackathon Looking for the Wow Factor. The regulatory agency that oversees the Canadian province....

Canadian Regulator Alerts Police to Tweets by Coinbase and Kraken Advocating ...

Canada’s securities regulator has flagged tweets by Coinbase CEO Brian Armstrong and Kraken CEO Jesse Powell encouraging people to use non-custodial wallets to evade freeze orders by the Trudeau government. “We are aware of this information and have shared it with the RCMP and relevant federal authorities,” said the Canadian regulator. Tweets by CEOs of Coinbase and Kraken Flagged to Police Canadian regulator, the Ontario Securities Commission (OSC), has alerted the Royal Canadian Mounted Police (RCMP) and other federal authorities to tweets concerning Canada’s....

Moroccan Capital Markets Regulator Launches Fintech Portal

The Moroccan Capital Market Authority (AMMC), the capital markets regulatory body in Morocco, announced recently that it has launched a fintech portal on its website. The new portal has been created in order to facilitate exchanges between the regulator and “companies involved in the innovative financial technology sector.” Portal to Help Promote Development of New Technologies Morocco’s capital markets regulator, the Moroccan Capital Market Authority (AMMC), recently announced the launch of a new fintech portal on its website. The objective of the new portal is to....