Tagged: quebec

Hydro Quebec Prefers Blue Chip Blockchains to Crypto Mining

Hydro Quebec is more interested in supporting blockchain activities by blue chip companies in the province than it is in rolling out a red carpet for crypto miners, La Presse reports. Internal documents obtained in a freedom of information request show that Hydro Quebec is waiting… Read More

SEC Obtains Additional Order to Freeze PlexCoin ICO Assets

The Securities and Exchange Commission (SEC) has received an additional emergency court order freezing the assets of Dominic Lacroix. The freeze is part of an ongoing enforcement action that stems from some time ago. The SEC had previously sued for securities fraud and had obtained… Read More

Quebec Sanctions “Antivolatility” and “ZZZ” ICOs

The Autorite Des Marches Financiers, regulator of financial markets in Quebec, has sanctioned the operators of two ICOs (Initial Coin Offerings). According to an April 19 press release from the AMF, after an ‘ex parte’ hearing on April 13th, the Administrative Financial Markets Tribunal (TMF):… Read More

Calgary-Based POS Lender LendingArch Expands into Quebec

LendingArch, a Calgary-based online and point-of-sale lending platform, announced its expansion to Quebec. LendingArch has partnered with medical clinics and home improvement contractors in Quebec to offer POS financing options, enabling LendingArch to become a fourth in-store payment method by applying online to finance products… Read More

“Liberation Iraq Christian & Yazidi” Campaign Gets Hacked During GoFundMe Run

Last month, President of  C.Y.C.I  (The Liberation of Christian and Yazidi Children of Iraq) and Québec resident, Steve Maman, took to crowdfunding platform GoFundMe with a mission to raise $2 million to free the Christian and Yazidi children in Iraq from the horrifying conditions they are… Read More

In Canada, Crowdfunding Approved By Six Provinces; Ottawa To Develop Separate Standards

  Provincial securities regulators in British Columbia, Saskatchewan, Manitoba, Quebec, New Brunswick and Nova Scotia announced Thursday that they will permit startup and early-stage companies to issue shares to investors through crowdfunding websites, according to the Globe and Mail. However, Ottawa stated that it will not take… Read More

Quebec Woman in Hijab Controversy Rejects $52,000 Raised Through GoFundMe Campaign

Last month, a Quebec woman by the name of Rania El-Alloul made headlines when Judge Eliana Marengo dismissed her case against Quebec’s automobile insurance board due to her wearing a hijab in the courthouse. In an effort to help her, a campaign on GoFundMe was started to… Read More

A Look-back at the AMF Public Consultation on Equity Crowdfunding

Last March, the Quebec Securities Commission (AMF)  held a public consultation to discuss Equity Crowdfunding and its applicability. Our team has been working tirelessly since July for this moment. With  “success stories” multiplying across the globe, we, too, want our SMEs and start-ups to benefit from this model…. Read More

Quebecoise Crowdfunding Campaign Raises More Than $60,000

(Staff Translation) The OSMA Foundation, who manages the Maison Notman, has turned to Crowdfunding to finance the acquisition of property and for their renovation.  At this writing, three days prior to the deadline for the campaign on Indiegogo, the amount raised has reached $61,355. Although… Read More

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