Category Archives: Press Releases

Canadian securities regulators provide additional guidance on securities law implications for offerings of tokens

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CSA | Staff Notice 46-308 | June 11, 2018

Montréal  The Canadian Securities Administrators (CSA) today 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 ones that are commonly referred to as “utility tokens.”

“Since publishing initial guidance, we have engaged with numerous businesses considering token offerings and have found that most of these offerings involve securities,” said Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers. “Our notice sets out additional guidance based on situations we have seen to date and common inquiries we have received from businesses and their advisors.”

CSA Staff Notice 46-308 outlines specific situations that may have an implication on the presence of one or more of the elements of an investment contract in the context of an offering of coins or tokens.

This notice supplements the CSA’s August 2017 publication of CSA Staff Notice 46-307 Cryptocurrency Offerings, which outlines how securities law requirements may apply to initial coin offerings, initial token offerings, cryptocurrency investment funds and the cryptocurrency platforms trading these products.

See: 

Any business planning to raise capital through an offering of coins or tokens should consider whether it involves the distribution of a security. In order to avoid costly regulatory surprises, businesses are encouraged to consult qualified securities legal counsel about the potential application of, and possible approaches required to comply with, securities legislation. Businesses should also contact their local securities regulatory authority to discuss possible flexible approaches to complying with securities laws, including time-limited exemptive relief.

The CSA Regulatory Sandbox is an initiative of the CSA to support financial technology (fintech) businesses seeking to offer innovative products, services and applications in Canada. The CSA has granted, through the CSA Regulatory Sandbox, exemptive relief from certain securities law requirements to firms in the context of offerings of coins or tokens that involve the distribution of securities, subject to conditions to ensure adequate investor protection.

CSA staff monitor cryptocurrency offerings activity and will continue to take action against businesses that do not comply with securities laws.

The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

Source:  Security law implications for Offerings of Tokens

Download CSA Staff Notice 46-308 --> here

 


The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with cryptocurrency, blockchain, crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Leading Blockchain Firm Decentral Announces Launch of Jaxx Liberty & Decentral Unity

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Decentral Release | May 17, 2018

Next phase of global digital wallet Jaxx will create customizable digital ecosystem for users

TORONTO, May 17, 2018 /PRNewswire/ -- Decentral Inc., Canada's leading blockchain company and the creator of the multi-platform, multi-currency digital wallet Jaxx, has announced its next phase: Decentral Project, which was three years in the making. The company also unveiled the first three of the project's many initiatives: Jaxx Liberty, the single, gamified interface for everyone to experience the blockchain ecosystem; a native token Decentral Unity, which will reward users for engaging with Decentral's partners on Jaxx Liberty; as well as other exciting announcements, including two new hardware pieces. The details of Decentral Project were revealed to 1,000 partners and friends of Decentral aboard a yacht cruise called "United By Decentral," the official after-party of major crypto conference Consensus 2018.

Founded in 2014, Decentral was created with the goal of fostering the next generation of disruptive and decentralized technologies. In just four years, Decentral has created a community of hundreds of partner projects, most notably spawning leading blockchain Ethereum, and developing Jaxx, which actively engages more than 750,000 global monthly users without collecting user information or holding customer funds. With the announcement of Jaxx Liberty, which is due to launch on July 1, 2018, Decentral will continue to realize this mission by reimagining the blockchain experience for users and providing a wide portfolio of high-caliber blockchain service providers for users to engage with on the platform.

See:  Diiorio’s Decentral Inc. Teams up with Legal Firm to Architect Blockchain in Canada

Jaxx Liberty will be a gamified experience, where users who engage with Decentral's partners on Jaxx Liberty will earn Unity tokens, level up, and eventually have the opportunity to use tokens to gain discounts on partner services. Unity is a complementary token to every other token in the ecosystem, providing partners more value the more users engage with their projects. As a single, unified blockchain experience, Jaxx Liberty will allow users to check cryptocurrency balances on one streamlined portfolio and customize their interface with portfolios, avatars, wallets, charts, graphs, news, and partner integrations.

Decentral CEO & Founder and Ethereum Co-founder Anthony Di Iorio said: "Our core objective of Decentral Project is to empower the ecosystem with unparallelled tools, enabling the masses to take control of their digital lives. We believe that Jaxx Liberty is a crucial step in this journey, and we hope that the platform, designed as an interactive game, will transform the way that everyday consumers interact with and secure their digital wealth. Jaxx Liberty will create wins for everyone; our partners will have a broader network of engaged individuals, and the more users engage with our partners, the more Unity they can earn to take advantage of discounts on partners services."

Through this incentive-based system, Decentral hopes to gamify cryptocurrency markets on a large scale, encouraging partners to build on Jaxx Liberty, as well as motivate users to take advantage of the exclusive services provided by hundreds of participating industry partners. The platform is also designed to offer users the best possible prices for purchasing partners' services.

"With the implementation of the Unity token, Decentral hopes to blur the line between the digital and real-world interactions of millions of people. We believe that by rewarding the community for their participation on this innovative platform, we can — once and for all — transition to a future where the user is in control. It has always been our mission at Decentral to pioneer the new internet of value, and we plan to achieve this by providing our users with the tools to get them there. We believe that Jaxx Liberty, and the Unity token in particular, will be key tools in that toolbox. I look forward to seeing what the future holds," continued Di Iorio.

With the expansion of Jaxx Liberty, Decentral hopes to scale its capabilities to as many as 10 million users per month — all interacting anonymously to provide unprecedented security and accountability to the exchange.

Jaxx Liberty will officially launch on July 1, 2018, with Decentral Unity to follow soon after. The platform will be made available for reporters upon request prior to launch.

Source:  newswire


The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with cryptocurrency, blockchain, crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to over 1700+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry.  Join Canada's Fintech & Funding Community today FREE!  Or become a contributing member and get perks. For more information, please visit:  www.ncfacanada.org

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FinMason Launches in Canada

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FinMason Release | Apr 27, 2018

Canadian Dollar support within acclaimed investment analytics as a service platform marks the first step in international expansion

BOSTON, April 27, 2018 /PRNewswire/ -- FinMason, a rapidly growing FinTech company, today announced that they are rolling out a Canadian Dollar version of their acclaimed investment analytics as a service platform. This enhancement marks the first step in FinMason's international expansion plans.

The new production environment will allow Canadian financial services firms – and U.S.-based companies with operations in Canada – to leverage FinMason's robust investment analytics to enhance their offerings. U.S. firms interested in expanding to Canadian markets can also take advantage of FinMason's new capabilities to facilitate the process and accelerate their timelines.

"One of the pleasures of working with a completely modern tech platform is that we can put in place a system for rapidly rolling out new base currencies at scale," said Kendrick Wakeman, CEO of FinMason. "That allows us to support our clients and prospective clients across the globe."

This announcement comes on the heels of last month's appointment of 32-year industry veteran David Remstein as the firm's first president and COO, a role in which he will help drive FinMason's international expansion. Prior to FinMason, Remstein held several senior global analytics roles at JP Morgan, Citi and Riskcare, including global head and chief operating officer of analytics and consulting at JP Morgan.

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"It is important that investors always look at analytics specific to their own base currency," commented Remstein. "To do it right, you need to do more than just translate the currency. You need to change the perspective. For example, a U.S.-based investor would want to consider Trade-Weighted US Dollar as a potential return driver, but a Canadian-based investor would want to see trade-weighted Canadian Dollar. FinMason's system does just that."

The new Canadian analytics product is scheduled to launch at the end April. Looking forward, the firm projects incorporating support for the Euro, Pound and Swiss Franc by the end of the summer, with many of the Asian currencies following in early 2019. The new base-currency analytics can be accessed by simply changing three letters in the API address, allowing for global firms to use the same code base across all currencies.

ABOUT FINMASON INC.

FinMason is the world's largest independent investment analytics engine for financial services platforms. The Boston-based financial technology firm provides access to more than 700 calculations on every publicly traded asset in the world delivered through one simple API. Developed by FinMason's team of seasoned data practitioners and nine Ph.D.s, the cutting-edge platform delivers institutional-grade analytics in milliseconds via two core products: FinRiver™ – a lightning-fast API that delivers any analytics anywhere in a financial services firm's platform with just a few keystrokes; and FinScope™ – a bulk processing platform that can analyze millions of portfolios every night for compliance screening and performance attribution. For more information, visit www.finmason.com and follow FinMason on TwitterLinkedIn and Facebook.

View the original release --> here


The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders across the country. NCFA Canada provides education, research, industry stewardship, and networking opportunities to over 1600+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry in Canada.  For more information, please visit:  www.ncfacanada.org

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CryptoChicks Conference and Hackathon for Blockchain Professionals

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CryptoChicks | Release | March 14, 2018

Toronto, Ontario, Mar 9, 2018- Toronto-based non-profit CryptoChicks and online educator BlockGeeks are pleased to invite entrepreneurs, startups, enthusiasts, investors, developers, and students of all genders to the CryptoChicks Blockchain Conference and Hackathon, April 6-8, 2018 at the MaRSDD centre in downtown Toronto.

Since being popularized by Bitcoin, encrypted accountancy ledgers or “blockchains” have taken the finance world by storm. Unmet demand for blockchain developers is high and increasing- blockchains simplify transactions and reduce costs- but, currently, in the industry men outnumber women 92-to-8.

“We believe this hackathon will provide needed exposure to female talent...connecting hackers with employers,” says CryptoChicks cofounder Natalia Ameline.

Speakers, participants, and mentors of all genders will gather alongside teams of females hacking in Business or Developer streams. Industry leaders from around the globe, including Paige Bailey of Microsoft, Amanda B. Johnson of Dash, Dr. C Mohan of IBM, 16-year-old ‘Crypto Price Tracker’ app-developer Harshita Arora and many others, will speak on blockchain matters in AI, healthcare, the developing world, small and large enterprise, investing strategies, ICOs and DAICO’s, hedge funds, fintech, venture capital, crypto economics, social welfare and industry disruption. The opening night panel will feature entrepreneurs Dmitry Buterin and Natalia Ameline, parents of Ethereum inventor Vitalik Buterin, speaking on supporting the next generation of tech pioneers.

Content tailored to blockchain entrepreneurs and startups includes starting a blockchain business, designing an effective token model, running a successful ICO, attracting investors and complying with regulations. Many employers and venture capitalists will be circulating at business pitches, the cocktail meet-and-greet, and the VIP dinner. The first-floor conference and second-floor hackathon, hosting over 100 female (cis and trans) hackers, will be connected to live video feeds. Hacked projects will be judged and awarded on the final day.

This event is made possible thanks to the generous support of sponsors BlockGeeks, Polychain Capital, RBC, Pixel Dreams, Microsoft, IBM, Nobul, RightMesh, ZCash, NeuFund and The Opinion Economy, who will present their ‘CryptoChick of the Year’ award at this event.

Act soon: early-bird ticket sales (3-day conference, including food, for $150.00) end March 15, 2018.

For more information, go to cryptochickshackathon.com.

Company Contact:
Elena Sinelnikova,

CryptoChicks Founder, and CEO
647-546-6461

The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a national non-profit actively engaged with social and investment crowdfunding, alternative finance, fintech, peer-to-peer (P2P), initial coin offerings (ICO), and online investing stakeholders across the country. NCFA Canada provides education, research, industry stewardship, networking opportunities and services to thousands of community members and works closely with industry, government, academia and eco-system partners and affiliates to create a vibrant and innovative fintech and online financing industry in Canada.  For more information, please visit: www.ncfacanada.org

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Global Blockchain Becomes Media Sponsor for FFCON18: VELOCITY

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Global Blockchain Release | Shidan Gouran | March 2, 2018

Participating alongside leading names in blockchain, fintech and the finance world, this conference will be where many advances for blockchain will occur in 2018.

VANCOUVER, British Columbia, March 02, 2018 (GLOBE NEWSWIRE) -- GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. (CSE:BLOC) (CSE:BLOC.CN) (CSE:BLOC.CNX) (FSE:BWSP) (OTC:BLKCF) ("BLOC" or the "Company") is pleased to announce that it will be a media partner for the Fintech and Funding Conference of 2018.

The National Crowdfunding & Fintech Association of Canada (NCFA) and partners are proud to present FFCON18: VELOCITY (2018 Fintech and Funding Conference) on Monday, March 5th and Tuesday, March 6th. Currently in its fourth year, this conference offers a full scope of insights, knowledge and commentary from leaders and innovators in the blockchain industry;  as well as regulators, lawyers and several notable names in the world of tech. BLOC is proud to announce that it will be a media partner for this event, giving it presence at what will be a defining conference for the trajectory of the blockchain in Canada for 2018 and beyond.

“We are honoured to have BLOC on board as a media partner,” says Craig Asano - Founder and CEO of NCFA. “Their accomplishments to date in blockchain-related ventures have helped to put Canada on the map as a leading market in this sphere. We’re thrilled to have BLOC participate at FFCON, because we know the amount of influence that they carry in this field - which is very much of interest to our attendees, exhibitors and speakers.”

See:  Fintech and Funding 2018 Conference March 5-6, Toronto, Blockchain, Crypto and Alternative Investing

At the conference, there will be five different streams of content, several learning and networking events, VIP one-on-one meetings, 12 pitching companies, and over 50 speakers - including  the President of BLOC, Mr. Shidan Gouran.

“I’m really happy that we’re getting to be part of this conference,” says Mr. Gouran. “As blockchain jumps past the initial hurdles of adoption, everyone is trying to understand all of the different angles of it - taking somewhat of a holistic approach. The team behind FFCON has done a great job to bring in experts from nearly every relevant area, and this is going to be an event that you don’t want to miss if you want to be part of Canada’s climb to the top of the blockchain world.”

In light of substantial changes to and developments in cryptocurrencies and the blockchain over the past year, this will be the most impactful FFCON event so far. With even greater changes and developments coming on an even larger scale, the insights that come from this event will be essential both for active blockchain participants and for entities who are just getting introduced to it.

For more information, please contact info@globalblockchain.io

On behalf of the Company:
Shidan Gouran, President
(416) 854-3017

About Global Blockchain Technologies Corp.

The Company provides investors access to a basket of direct and indirect holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies.

BLOC is listed on the Canadian Securities Exchange (“CSE”) and its common shares trade under the ticker symbol "BLOC". Additional information relating to BLOC is available on SEDAR at www.sedar.com, the CSE at www.theCSE.com, as well as on the Company's website at www.globalblockchain.io.

About FFCON18: VELOCITY

FFCON (Fintech and Funding Conference) is an annual conference hosted by NCFA Canada in its fourth year, with an educational objective that brings together professionals and innovators in blockchain, cryptocurrency, and alternative investing. It is being held on Monday, March 5th and Tuesday, March 6th, 2018 in downtown Toronto. The VELOCITY theme is all about speed, efficiency, and reducing friction; all of which are commonly shared objectives among participants in the blockchain ecosystem. Additional information about the conference can be found at www.fintechandfunding.com.

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Public and Private Capital Markets Converge with Canada’s Blockchain, Cryptocurrency and Fintech Leaders at FFCON18: VELOCITY on March 5-6 in Toronto

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FFCON18 | February 28, 2018

The 4th Annual 2018 Fintech and Funding Conference Explores the Accelerating Speed and Adoption of Blockchain Technologies, Cryptocurrency and Alternative Investing Markets

TORONTO, ON / ACCESSWIRE / February 28, 2018 / Hosted by the National Crowdfunding & Fintech Association (NCFA) with presenting partner Nikola Tesla Unite, FFCON18: VELOCITY will be held next week at the Design Exchange in Toronto. Planned announcements, thought leadership content and product launches on Monday, March 5:

  • Hear regulatory updates from participating CSA members from BC, Alberta, Ontario and Quebec, and The Competition Bureau
  • Global product launch of a blockchain-enabled biometric validation platform from Crypto KABN
  • Critical updates on layer zero protocol and how TCP/IP can evolve to scale blockchains
  • Is traditional venture capital dead? Debate on how ICOs are changing the funding game moderated by Andrew McCreath, BNN
  • Which financial technologies will push Canada to the forefront of blockchain innovation globally?
  • 50+ speakers featuring keynotes on blockchain's transformative potential and roadmap, future of bitcoin, decentralized future and machine learning: CryptoOracle, Pegasus Fintech, Globalive Technology Partners, Decentral/Jaxx and Ethereum, Ov2 Capital and TSX Venture Exchange
  • Insights from Canada's fastest growing crypto, digital asset and payment ventures: U.CASH, CoinPayments, Coinsquare and TokenFunder, Ontario's first regulated ICO

These are exciting times - we are witnessing a transformation of technology and society. With new opportunities come hurdles that must be overcome to realize inherent potential. The conference program highlights challenges while celebrating innovative achievements and Canadian milestones.

FFCON18 brings together fintech leaders, investors and emerging innovators from start-ups to scale-ups to government regulatory bodies and agencies who have a vision for the future of finance. A must-attend event for fintech investors, companies raising capital and decision-makers in technology, finance and digital media.

Tickets are selling fast. Check out the conference website and register at: FintechandFunding.com (Event hashtag: #FFCON18) NCFA Members get 20% off with code NCFA_MEMBER_DEAL


The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders across the country. NCFA Canada provides education, research, industry stewardship, and networking opportunities to over 1600+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada.  For more information, please visit:  www.ncfacanada.org

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FrontFundr and SeedUps Canada announce partnership

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FrontFundr and SeedUps Canada Release | Feb 21, 2018

CALGARY / VANCOUVER - February 15, 2018: Four years ago, two visionaries began the process of reducing barriers for Canada’s early stage companies accessing growth capital. They each developed unique models to tackle this challenge, working closely with securities regulators and gaining buy-in from the early stage ecosystem. They have now come together to leverage their experience and momentum and help more companies and investors throughout Canada.

One, Sandi Gilbert, developed a suite of technologies that simplified the complexities of capital creation and management with a focus on the angel investing community.  The SeedUps platform, and its deal flow app AngelBot, has showcased over 50 companies to its angel network; and DealPoint, a SaaS solution for the private capital markets, has transacted over $4 million in exempt investment since its launch late last year. Next up - a blockchain solution where entrepreneurs and investors can manage their shareholdings post raise.

The other, Peter-Paul Van Hoeken, created FrontFundr, a national Exempt Market Dealer with a proprietary online platform that democratizes Canada’s private capital markets by allowing all Canadians to invest in early stage and growing private companies. FrontFundr has emerged as Canada’s clear leader, having assisted more than 20 companies to raise a combined total of over $8M from a wide range of Canadian investors - not just the 1%. This initiative has unlocked capital across Canada and broadened investor access to a multitude of opportunities.

Get Tickets Now:  2018 Fintech & Funding Conference:  FFCON18 VELOCITY | Toronto March 5-6

SeedUps and FrontFundr have now partnered to provide entrepreneurs with a full suite of tools to access the resources and capital they need to grow and scale their businesses. This partnership will help entrepreneurs prepare for and engage with a wide range of new investors; from retail to angels to institutions and investment funds - online and offline. Post investment technologies to help companies and their shareholders better manage their investments will bring transparency to private investing overall.

“Peter-Paul and I have long had similar visions to help entrepreneurs access capital in what we call the ‘funding gap’”, states Gilbert. “By matching our resources with an entrepreneur’s needs, we can increase the probability of a successful outcome for the entrepreneur and its investors”.

 

“This partnership supports our joint mission to truly democratize investing in private companies in Canada. We are bringing together professional venture capital and everyday Canadians to invest in companies that they believe in” says Van Hoeken.

Entrepreneurs are an essential contributor to the Canadian economy, with small business representing over 98% of businesses in Canada. New models of support and access to capital are critical for Canada’s growth.

Interested in exploring investment opportunities for all Canadians, visit FrontFundr

If you are a growing company preparing to capital raise, visit SeedUps Canada

 

For further information, please contact:

Sandi Gilbert at sandi@seedups.ca or Peter-Paul Van Hoeken at peter-paul@frontfundr.com


The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a national non-profit actively engaged with social and investment crowdfunding, alternative finance, fintech, peer-to-peer (P2P), initial coin offerings (ICO), and online investing stakeholders across the country. NCFA Canada provides education, research, industry stewardship, networking opportunities and services to thousands of community members and works closely with industry, government, academia and eco-system partners and affiliates to create a vibrant and innovative fintech and online financing industry in Canada.  For more information, please visit: www.ncfacanada.org

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