Tagged: quebec

October 2, 2023 @ 10:13 pm By Michael Wong  |  

Canada-listed wholesale lender IOU Financial is expected to be delisted from the TSX Venture Exchange (TSX-V) on October 6, 2023 after it was acquired by Quebec Inc. Quebec Inc. is a corporation created by a group composed of funds managed by Neuberger Berman, Palos Capital,… Read More

June 28, 2020 @ 11:30 pm By Samantha Hurst  |  

HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) reported it has put into operation its recently acquired 1,090 Bitmain Antminer T17+ 58 Terahash per second (TH/s) SHA 256 mining machines at its green energy-powered bitcoin mining operation in Quebec. “Combined with the recently installed 750 Bitmain Antminer S17+… Read More

May 26, 2020 @ 2:03 pm By Omar Faridi  |  

The Fintech AMF – Finance Montreal Research Chair is actively looking for initiatives that explore the potential impact of COVID-19 on the Fintech industry, the Autorité des marchés financiers, or AMF (Quebec’s financial regulator), has confirmed. There are reportedly eight different research grants that will be… Read More

January 29, 2020 @ 1:27 pm By JD Alois  |  

goPeer, a peer to peer lending platform, has received regulatory approval as an exempt market dealer in both Quebec and Ontario. In Canada, financial services are regulated at the provincial level and thus most aspiring Fintechs must receive approval to operate in each province.  goPeer… Read More

November 29, 2019 @ 6:59 pm By Cali Haan  |  

A Quebec-based cryptomining firm that transformed five abandoned industrial facilities in small-town Quebec into 24-7 digital currency factories has run into trouble of late thanks to noise complaints and an executive shake-up, The Canadian Press reports. Many cryptomining ventures that expanded heartily during the crypto… Read More

November 8, 2019 @ 11:21 am By Omar Faridi  |  

Montréal, Quebec-based Mylo, a Fintech firm launched with the social mission to help people achieve their financial goals, has acquired $10 million in financing for its app that lets users automate their saving and investors. Mylo’s Series A investment round was led by Canadian National… Read More

October 2, 2019 @ 5:34 pm By JD Alois  |  

It has been a big week for enforcement actions at the Securities and Exchange Commission (SEC). Beyond the routine fraud cases, the SEC Division of Enforcement has announced settlements with several high profile initial coin offerings (ICO). Today, the Plexcoin ICO landed squarely in the… Read More

May 16, 2019 @ 4:01 pm By Cali Haan  |  

Officials in the city of Sherbrooke, Quebec, think cryptocurrency mining could boost economies in small Quebec cities, The Vancouver Sun reports. Christian Laprise, director of Sherbrooke’s municipal power utility, for example, has been working with companies like Bitfarms to make sure their power-thirsty facilities don’t… Read More

March 20, 2019 @ 6:10 pm By Cali Haan  |  

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

February 23, 2019 @ 10:10 am By JD Alois  |  

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

January 15, 2019 @ 12:18 pm By Cali Haan  |  

Bitmex, a Hong Kong-based Bitcoin derivatives exchange popular for allowing 100X leveraged bets, has deactivated the trading accounts of clients from the US and the Canadian province of Quebec, The South China Morning Post (SCMP) reports. The move has likely been made in response to increased regulatory pressure… Read More

July 26, 2018 @ 1:40 pm By Cali Haan  |  

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

June 20, 2018 @ 11:13 am By JD Alois  |  

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

May 1, 2018 @ 8:23 am By Cali Haan  |  

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

June 12, 2017 @ 5:55 am By Erin Hobey  |  

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

August 24, 2015 @ 5:47 pm By Samantha Hurst  |  

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

May 15, 2015 @ 2:45 am By Midori Yoshimura  |  

  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

March 13, 2015 @ 2:24 pm By Samantha Hurst  |  

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

April 6, 2013 @ 11:38 am By Invest Crowdfunding Québec  |  

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