Canada

Quebec Securities Regulators Want to Hear From “Blockchain Laboratory” Investors

Quebec’s Autorité des marchés financiers (AMF) and Financial Markets Tribunal (TMF) would like to hear from anyone who invested in “Blockchain Lab Inc.” Affected investors are asked to contact M me  Sarah Abi-Khalil at 1 877 525-0337 , extension 2644, before 1 st April 2019. The company and its proprietors, Jonathan Forte, Benjamin… Read More

Full Stack Crowdfunding: seriesOne Partners with Polymath on Security Token Issuance

seriesOne Inc., a globally focused digital security issuance platform, is partnering with Polymath. The company says the goal is to simplify the complex challenges of creating and managing security tokens (blockchain-based digital securities). The new partnership seeks to enable the ability to issue security tokens… Read More

Canadian Fintech Progressa Surpasses $100 million in Debt Relief

Progressa, a Vancouver-based fintech company that is focused on helping sub-prime and near-prime Canadians seeking to improve their financial health, announced on Tuesday it has surpassed the $100 million milestone in funded loans for underserved Canadian consumers. The company reported since 2013, Progressa has helped… Read More

Canadian Securities Administrators Open Consultation on Proposed Crypto Trading Ecosystem

Canada has joined a growing group of financial regulators seeking input on creating a regulatory compliant ecosystem for trading digital assets. Posted this week, the Canadian Securities Administrators (CSA), the group that represents all of the provincial regulators, posted a consultation in partnership with the… Read More

Katipult Powers New Singapore based Crowdfunding Platform Launched by JV Between Carrington Group and RHT

Katipult Technology Corp. (TSXV:FUND and FRA:K10) a software provider for online investment platforms has helped to launch a new crowdfunding platform Carrington RHT Wealth. The platform is a joint venture (JV) between Singapore based RHT Wealth, an advisory firm, and US-based Carrington Group. RHT Group offers professional… Read More

Canadian Police Seek Four Suspects Accused of “Double Spend” Attacks on Bitcoin ATMs

Police in the Canadian prairie city of Calgary are seeking information leading to the arrest of 4 men believed to have stolen $200 000 CAD from a Canadian Bitcoin ATM company, CBC reports. The four men allegedly executed 112 fraudulent “double spend” attacks on “bitcoin… Read More

Creditors Concerned: Widow at Centre of $260 Million QuadrigaCX Disaster Seeking $300K in Court Costs

Jennifer Robertson, the wife of Gerald Cotten, the deceased founder of Canadian crypto exchange QuadrigaCX, has asked a Canadian court to reimburse her for $300,000 in costs she incurred by filing for creditor protection, Bloomberg reports. Robertson filed for creditor protection in late January after… Read More

Goldmoney Ceasing Cryptocurrency Operations

Canada fintech firm and direct online access to securely vaulted and insured precious metals, Goldmoney, Inc. (TSX: XAU) announced on Wednesday it has decided to exit the cryptocurrency business and will be removing digital currency off of its platform.  Goldmoney reported it will work with its customers… Read More

Funding Circle Announces Canadian Expansion Plans

Online lending platform Funding Circle announced on Thursday its plans to enter the Canadian market and expand access to fast, affordable and transparent financing for Canadian small businesses. The lender revealed it will establish operations in Canada in the second half of 2019 with an office located… Read More

Global Payments Provider Klarna Announces New Partnership With Canadian Instant Financing Provider PayBright

Global payments provider Klarna announced last week it has formed a new partnership with Canada-based instant financing provider, PayBright. Klarna and PayBright are reportedly joining forces to give Klarna’s 100,000 global retailers the ability to turn on a consumer finance solution for their Canadian shoppers… Read More

Wave Announces Acquisition of Business Accounts Provider Every

Fintech

Wave, a Canada-based financial services and software for small businesses, announced on Wednesday it has acquired Every, a fintech company that provides business accounts and debit cards to small businesses. Wave reported that the acquisition advances its plans to integrate more financial products and services… Read More

iComply Integrates with Hedera Hashgraph

Regtech iComply Investor Services says it will be releasing integrations for Hedera Hashgraph, a public, distributed ledger platform. iComply says its technology automates compliance requirements for both the traditional and decentralized financial markets in over 150 jurisdictions. iComply CEO Matthew Unger says that Hedera Hashgraph’s… Read More

The National Crowdfunding & Fintech Association of Canada Prepares for FFCON19 in April

The National Crowdfunding & Fintech Association of Canada (NCFA), the leading Fintech and crowdfunding advocacy group in Canada, has scheduled its annual event to take place this April in Toronto. The 5th Annual 2019 Fintech & Financing Conference, or FFCON19, will combine all aspects of… Read More

Kraken Offers $100K Reward in $190 Million Quadriga Failure, Traces Mystery in Podcast Part 1

Owners of the Kraken cryptocurrency exchange platform are offering a $100 ooo USD reward for information that may help recover $190 million USD in funds lost by the Canadian crypto platform QuadrigaCX. Quadriga CX fell apart in January following the untimely death of company CEO… Read More

Ontario Securities Commission Posts New Members of Fintech Advisory Committee

The Ontario Securities Commission (OSC) has posted the new members of the regulator’s Fintech Advisory Committee (FAC). The FAC ostensibly advises the OSC on developments in the Fintech space while providing perspective on challenges facing emerging fintech firms. While there remains some overlap from last… Read More

KoreConX Announces New Partnership With Canadian Investment Fund Management Company, Stratigis

KoreConX announced on Thursday it has formed a new partnership with Stratigis Capital Advisors Inc. (SCA), a Canadian investment boutique with extensive experience in managing Investment Funds. According to KoreConX, SCA is registered with the Ontario Securities Commission as a Portfolio Manager, Exempt Market Dealer, and… Read More

Canadian Insurtech Breathe Life Secures C$4.5 Million Through Latest Seed Funding Round Led By Diagram Ventures

Breathe Life, a Canada-based insurtech startup, has recently secured C$4.5 million through its latest seed funding round, which was led by Diagram Ventures with participation from Real Ventures. Founded in 2017, Breathe Life reports that its platform delivers a “modern customer-centric experience” with tools and… Read More

Banks Wary About Handling $35 Million in Compensatory Funds Owed to QuadrigaCX Crypto Exchange Users Who Lost $260 Million

Lawyers for the Bank of Montreal consulting on the case of Quadriga CX, a Canadian cryptocurrency exchange whose founder, Gerald Cotten, died in December –taking access to exchange’s funds with him– have told a court they are wary about handling funds in the case due… Read More

ICYMI: In Quebec Cryptocurrency Mining May Equal Securities, AMF Issues Call to Investors in Crypto Technologies, Inc.

Earlier this month, the Quebec Autorité des marchés financiers (AMF), along with the Financial Markets Administrative Tribunal issued “conservatory orders” against Crypto Technologies Inc. (DBA Make It Mine), and principles David Fortin-Dominguez and Samory Proulx-Oloko for “failures to comply with the Securities Act.” The order was the… Read More

Finally. Canadian Securities Administrators Announce Intent to Harmonize & Improve Crowdfunding Exemption

Crowdfunding has been legal in Canada for some time now but in Canada, securities are managed and regulated at the provincial level thus creating a bit of a regulatory mishmash which proves difficult and costly to firms. Issuers must be certain to manage any provincial… Read More

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