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GFIN’s Cross-Border Testing Pilot Offers a Way Forward for Regulators & Fintech Companies

May 31st
The need for international fintech collaboration Explosive technological development within the financial services sector has left regulators struggling to keep pace with innovation. In many jurisdictions, financial regulators have... READ MORE

FinTech Articles

Toronto-based Ethoca to be acquired by Mastercard Mastercard has announced it will be acquiring Toronto-based fintech company Ethoca. Ethoca is a global provider of technology solutions which aids merchants and card issuers in identifying and dealing with fraud in digital commerce. Ethoca provides technology which identifies when a fraudulent transaction has occurred. When detected, information is sent to merchants... READ MORE
Blockchain and Crypto Presence down on Forbes Fintech top 50 Forbes, a leading American business and finance outlet, has become well known for publishing lists acknowledging the who’s who of various industries. On February 4, Forbes listed the top 50 most innovative Fintech companies for 2019. Interestingly, the list only contains 5 companies categorized as “crypto and blockchain”. This... READ MORE
Ontario Securities Commission launches cryptoasset educational initiatives for Financial Literacy Month  On Thursday, November 1, 2018, the Ontario Securities Commission (“OSC”) launched two cryptoasset educational initiatives as part of its activities for Financial Literacy Month. GetSmarterAboutCrypto.ca provides an overview of cryptoasset services and products, the OSC’s role in regulation, and tips for investors to exercise due diligence. The regulator... READ MORE
Canadian Securities Regulators Announce Platform to Identify Market Abuse The Canadian Securities Administrators (“CSA”) announced it has selected a market analytics platform designed to identify, assess, and assist potential market abuse cases. Kx, a division of First Derivatives plc, was platform chosen as a result of a public bidding process. Kx is a division of First Derivatives plc, a... READ MORE
In these heady days of cryptocurrency investment, the market can seem like a gold rush: offering promise, but at the expense of predictability. The taxation of cryptocurrencies is no different. In this article, a collaboration between the Fintech Team at EKB and Alexander Demner at Thorsteinssons LLP, we consider the tax implications for cryptocurrency investment in Canada. “In this... READ MORE
Canadian Securities Administrators Provide Additional Guidance on Securities Law Implications for Offerings of Tokens June 11, 2018: The Canadian Securities Administrators (“CSA”) published CSA Staff Notice 46-308 Securities Law Implications for Offerings of Tokens, which provides additional guidance on the applicability of securities laws to offerings of coins or tokens, including those that industry stakeholders commonly refer to as “utility... READ MORE
U.S. Justice Department Launches Criminal Probe into Crypto Price Manipulation May 24, 2018 – According to a Bloomberg report, the Justice Department has allegedly launched an investigation on Bitcoin/cryptocurrency price manipulation. Bloomberg reports that the investigation is focussed on “illegal practices that can influence prices”, such as “flooding the market with fake orders to trick other investors into buying... READ MORE
Revolutionary changes to complex systems often have humble beginnings. Double-entry-bookkeeping, for instance, grew from a minor section of a Franciscan monk’s mathematics encyclopedia in 15th-century Venice to the foundation of modern accounting. Now, blockchain, a system which allows connected computers to maintain a single updated ledger, seems poised to restructure stock exchanges, the core infrastructure of capital markets. Blockchain,... READ MORE
TMX Group to Launch Cryptocurrency Brokerage Cryptocurrency investors rejoice! TMX Group, the operator of Canada’s leading stock exchange, has announced that its wholly-owned subsidiary, Shorcan Digital Currency Network, will partner with a specialist in decentralized financial services, Paycase Financial, to launch a cryptocurrency brokerage service. The partnering will use BMO Financial Group’s payment and settlement infrastructure and Paycase’s cryptocurrency... READ MORE

About the Authors

KELLY SAMUELS
Kelly Samuels, partner, brings a knowledge of business law to the rapidly growing fintech sector.
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FRASER HARTLEY EKB Fintech Author

FRASER HARTLEY
Fraser Hartley, partner, is focused on financing + technology, and helping the businesses that bring the two together.
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riley lelonde ekb fintech author

RILEY LALONDE
Riley Lalonde, associate, assists clients with a variety of business law matters while keeping an eye on developments in the fintech sector.
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