Search Results for: Cheap Extra Super Avana B

BoC: Retail Payments Supervision Meeting Summaries for registration, governance and fees

Bank of Canada | Dec 7, 2021

RPAC meeting summaries - BoC:  Retail Payments Supervision Meeting Summaries for registration, governance and fees

October summary

The Retail Payments Advisory Committee (RPAC) met on October 18 and 20, 2021, to discuss elements of the registration process, record keeping, annual reporting and information requests. Participants were invited to comment on:

  • information collected at registration and published to the registry
  • record retention triggers and practices
  • a proposed approach to reporting

Documents

NCFA Sign up for our newsletter - BoC:  Retail Payments Supervision Meeting Summaries for registration, governance and fees

November summary

At its meeting on November 16 and 17, 2021, RPAC discussed a preliminary approach to registration and annual assessment fees. Participants were invited to comment on:

  • the principles guiding fee design
  • approaches to the fees for applying to register and for annual assessment

Documents

See:  Bank of Canada Staff Paper: Bitcoin Adoption and Beliefs in Canada


NCFA Jan 2018 resize - BoC:  Retail Payments Supervision Meeting Summaries for registration, governance and fees The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - BoC:  Retail Payments Supervision Meeting Summaries for registration, governance and feesFF Logo 400 v3 - BoC:  Retail Payments Supervision Meeting Summaries for registration, governance and feescommunity social impact - BoC:  Retail Payments Supervision Meeting Summaries for registration, governance and fees

Support NCFA by Following us on Twitter!






NCFA Sign up for our newsletter - BoC:  Retail Payments Supervision Meeting Summaries for registration, governance and fees



For more information about FFCON21: BREAKING BARRIERS, on-demand videos and ways to participate




 

Rise of the super app

Verge | | Nov 1, 2021

super apps - Rise of the super appSocial media companies are increasingly super apps that encompass more of what we do online, for better or worse

Say you want to see Japanese Breakfast play in Sacramento next week with a couple of friends. The process of going requires jumping between at least a few apps — you might coordinate plans on WhatsApp, buy your tickets from Ticketmaster, book a ride through Uber, and pay each other back for drinks over Venmo.

But what if all that activity happened in one app on your phone?

See:  House Lawmakers Condemn Big Tech’s ‘Monopoly Power’ and Urge Their Breakups

Over the next several years, I predict that the biggest social media companies around the world will become super apps, acting as gatekeepers to a wider array of things people do online. While they started as ways to mainly keep in contact with friends and family or be entertained, these social networks — Facebook, Snap, and TikTok, for example — will become increasingly important ways people shop, bank, and entertain themselves. Some of these firms that started in the US, such as Snapchat, are already starting to resemble super apps, even though they’re still primarily thought of as social networks.

The idea of the super app first gained popularity in China with WeChat, the messaging app that essentially acts as a platform for facilitating life online in the world’s most populous country. WeChat doesn’t just let you message your friends and see their updates in a feed; it can also be used to take out a loan to buy your next car. Commerce done through mini-apps that WeChat lets other developers build on its platform reached a staggering $240 billion last year alone, more than double from the previous year.

In the Western world, social media firms are playing catch-up. They’re morphing from single or dual-use case apps — messaging friends or browsing feeds of content — to encompass more and more of what people do online. Last year, Facebook started adding shopping features that keep users from needing to complete purchases elsewhere. The head of Instagram, which is part of Facebook’s family of apps, recently made headlines when he said the app was no longer primarily about sharing photos.

Becoming a super app is mainly about becoming more integrated into people’s live

See: 

Regulators worry tech giants ‘Too Big to Fail’ because they are hosted in the cloud

Lina Khan: The 32-year-old taking on Big Tech as new Chair of the US FTC

Lawmakers Take Aim at Big Tech with Push for Sweeping Overhaul of Antitrust

Shiba Inu Meme Coin Soars to Record, Slips…as Chinese Authorities Strengthen Supervision of NFTs

TheStreet | Rob Lenihan | Oct 25, 2021

Shiba Inu - Shiba Inu Meme Coin Soars to Record, Slips...as Chinese Authorities Strengthen Supervision of NFTsCryptocurrency prices were climbing Monday with the parody cryptocurrency Shiba Inu coin soaring to a record over the weekend before losing ground.

Shiba Inu's recent surge appears related to unconfirmed rumors that the coin would soon be listed on the popular stock trading app Robinhood, according to Fortune.  Shiba Inu coins traded at a record $0.0000455 at 7:20am U.S. Eastern. That topped the previous record $0.0000388 from May 10, Coindesk reported, citing Messari data. It's currently trading at $0.000039.

See:  SEC says GameStop’s wild stock surge was not short covering

Some market observers said that the currency started falling after Tesla CEO Elon Musk, famed for rattling crypto markets worldwide, tweeted on Sunday that he does not own the cryptocurrency.

"Don't bet the farm on crypto," Musk tweeted. "True value is building products & providing services to your fellow human beings, not money in any form."

Regulation remains a factor in the cryptocurrency world.

-- "[The] U.S. Congress predictably looking at imposing standard financial industry 'Know your Client' and Internal Revenue Service reporting requirements

-- "[The] UK warning about investor protection

-- [The] EU cracking down on money laundering," and,

-- "China clearing the field for the introduction of the digital yuan."

Winston Ma, a former managing director and head of North America at China Investment Corp., said Chinese regulatory authorities are strengthening their supervision of NFTs, "as regulators cast a weary eye on this new virtual asset market as a potentially huge bubble."

See: 

Elon Musk reposted this meme > 2 days later ‘Love in The Time of Web3’ sold as an NFT for nearly $20,000

Ways NFTs Can Reinvent Your Small Business

"They have spoken with Big Tech companies about this market, according to a tweet posted on Saturday by Colin Wu, an influential blogger," said Ma, who is author of "The Digital War - How China’s Tech Power Shapes the Future of AI, Blockchain and Cyberspace."

By Monday, Ma said, Chinese technology giants Alibaba Group and Tencent Holdings have both renamed their nonfungible-token offerings “digital collectibles. The rebranding actions taken by Alibaba and Tencent reflect their efforts to steer away from any potential conflict with China’s digital economy regulators," Ma said.

Continue to the full article --> here


NCFA Jan 2018 resize - Shiba Inu Meme Coin Soars to Record, Slips...as Chinese Authorities Strengthen Supervision of NFTs The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Shiba Inu Meme Coin Soars to Record, Slips...as Chinese Authorities Strengthen Supervision of NFTsFF Logo 400 v3 - Shiba Inu Meme Coin Soars to Record, Slips...as Chinese Authorities Strengthen Supervision of NFTscommunity social impact - Shiba Inu Meme Coin Soars to Record, Slips...as Chinese Authorities Strengthen Supervision of NFTs

Support NCFA by Following us on Twitter!






NCFA Sign up for our newsletter - Shiba Inu Meme Coin Soars to Record, Slips...as Chinese Authorities Strengthen Supervision of NFTs



For more information about FFCON21: BREAKING BARRIERS, on-demand videos and ways to participate




 

Regulation, Supervision and Oversight of “Global Stablecoin” Arrangements

FSB | Oct 13, 2020

Stablecoins banner - Regulation, Supervision and Oversight of “Global Stablecoin” Arrangements

The recommendations call for regulation, supervision and oversight that is proportionate to the risks. Authorities agree on the need to apply supervisory and oversight capabilities and practices under the “same business, same risk, same rules” principle.

The performance of some functions of a GSC arrangement may have important impacts across borders. The recommendations also stress the value of flexible, efficient, inclusive, and multi-sectoral cross-border cooperation, coordination, and information sharing arrangements among authorities.

NCFA Sign up for our newsletter - Regulation, Supervision and Oversight of “Global Stablecoin” Arrangements

The FSB has agreed to the following further actions as a key building block of the roadmap to enhance cross-border payments commissioned by the G20:

  • Completion of international standard-setting work by December 2021.
  • Establishment or, as necessary, adjustment of cooperation arrangements among authorities by December 2021 (and as needed based on market evolution).
  • At a national level, establishment or, as necessary, adjustment of regulatory, supervisory and oversight frameworks consistent with the FSB recommendations and international standards and guidance by July 2022 (and as needed based on market evolution).
  • Review of implementation and assessment of the need to refine or adapt international standards by July 2023.

Continue to the full article --> here

Download: Regulation, Supervision and Oversight of Global Stablecoin Arrangements (73 page PDF) -> here

More: Fintech Research and Industry Reports --> Here

 


NCFA Jan 2018 resize - Regulation, Supervision and Oversight of “Global Stablecoin” Arrangements The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Regulation, Supervision and Oversight of “Global Stablecoin” ArrangementsFF Logo 400 v3 - Regulation, Supervision and Oversight of “Global Stablecoin” Arrangementscommunity social impact - Regulation, Supervision and Oversight of “Global Stablecoin” Arrangements

Support NCFA by Following us on Twitter!






NCFA Sign up for our newsletter - Regulation, Supervision and Oversight of “Global Stablecoin” Arrangements



For more information about FFCON21: BREAKING BARRIERS, on-demand videos and ways to participate




 

NEW REPORT: Small Business SOS – It’s Time to Supercharge Local Crowdfunding to Unlock Needed Capital

SBE Council | Sep 16, 2020

Fund small business recovery - NEW REPORT: Small Business SOS – It’s Time to Supercharge Local Crowdfunding to Unlock Needed Capital

New Report Highlights Investment Crowdfunding’s Success, and COVID-19 Policy Opportunities for Recovery

Today, Crowdfund Capital Advisors (CCA) and the Small Business & Entrepreneurship Council (SBE Council) released a new report detailing the growing power and prevalence of investment crowdfunding and the need for a “Main Street Recovery Co-Investment Fund.”

“We need to act quickly to stop the bleeding on Main Street,” says Sherwood Neiss, Principal at Crowdfund Capital Advisors.

“Short term band aids might slow the trauma, but we need a program that can quickly get capital to local businesses in a way that is supported by local investors. This will create a long-term win that will rebuild and sustain local economies, provide dividends to investors and achieve what Congress is trying to accomplish at the local level,” adds Neiss.

In the report, Regulation Crowdfunding by Congressional District: A Report Card, CCA and SBE Council review the progress of investment crowdfunding since 2016.  The Jumpstart Our Businesses Startup Act (JOBS Act) of 2012 enacted changes that ushered in investment crowdfunding, which officially launched following the finalization of Securities and Exchange Commission (SEC) rules in 2016.

Currently, the SEC is in the process of advancing regulatory proposals that would enable issuers to raise more capital than what is allowed by current caps, and provide for other changes to make Regulation Crowdfunding more accessible and effective for small businesses and startups. In addition, in response to COVID-19, the SEC recently extended temporary rules intended to expedite the offering process for small businesses by providing conditional relief from certain requirements of Regulation Crowdfunding.

See: 

NCFA Response to CSA on NI 45-110 Harmonized Securities Crowdfunding Rules

NCFA Open Letter: Government should collaborate with Fintechs

NCFA Response to the Modernizing Ontario’s Capital Markets Consultation Taskforce

FFCON20 Video:  State of Equity Crowdfunding in 2020

 

As noted in the report, there have been no cases of fraud with investment crowdfunding.

SBE Council president & CEO Karen Kerrigan asserts that innovative solutions like a “Main Street Recovery Co-Investment Fund” are desperately needed to help the nation’s economy dig out of its deep hole, and allow local communities to survive by supporting their businesses and new startups.

A comprehensive approach needs to include a co-investment fund to help local economies recover, rebuild and reinvent themselves. This includes urban and rural areas alike, along with enabling new business creation given the massive volume of business closures that will profoundly affect local communities.

The good news is that this type of fund has been successful in the UK through its Future Fund, which means our government will not be testing a new concept. The co-investment fund injects federal dollars into businesses that have been validated by local investors on regulated platforms, and accountable under an existing federal framework. There has been no fraud since inception,” said Kerrigan.

Under the co-investment funding model, the federal government would match 100% of funds raised from communities via a securities-based crowdfunding platform (not to exceed $250,000 per business). The federal money that is received by small businesses would be paid back. CCA and SBE Council are recommending that $20 billion be allocated to the fund.

U.S. JOBS Act Equity and Debt Crowdfunding Results Since 2016:

● 3,100 stock offerings have been listed by 2600-plus companies.

●  These offerings occurred in 90% of U.S. Congressional Districts (393 districts):

-95% of women-led districts had JOBS Act stock offerings

-93% of minority-led districts had JOBS Act stock offerings

-77% of districts had multiple offerings

-Nearly 50% of districts had campaigns that raised from $250,000 to $5 million

● $500,000,000 has been committed to these offerings.

● 700,000 retail investors participated in diverse offerings across the United States.

● Capital has been delivered to companies in 450-plus industries and across 850 cities.

● This capital has supported over 100,000 JOBS.

● Average amount raised per offering:  $342,000.

● Since inception, the SEC and Crowdfund Capital Advisors have each concluded that there has been NO SECURITIES FRAUD in these offerings.

● Pre-Covid-19: The monthly volume of capital raised in February 2020 was $9 million. During the Covid-19 crisis, the monthly amount raised has increased dramatically.

-In August 2020, the amount of capital raised was $25 million, which represents an INCREASE of 2.8x in just 6 months. Community-focused investing is delivering significant capital to local businesses.

Continue to the full article --> here

Download the 40 page PDF --> Now

 


NCFA Jan 2018 resize - NEW REPORT: Small Business SOS – It’s Time to Supercharge Local Crowdfunding to Unlock Needed Capital The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - NEW REPORT: Small Business SOS – It’s Time to Supercharge Local Crowdfunding to Unlock Needed CapitalFF Logo 400 v3 - NEW REPORT: Small Business SOS – It’s Time to Supercharge Local Crowdfunding to Unlock Needed Capitalcommunity social impact - NEW REPORT: Small Business SOS – It’s Time to Supercharge Local Crowdfunding to Unlock Needed Capital

Support NCFA by Following us on Twitter!






NCFA Sign up for our newsletter - NEW REPORT: Small Business SOS – It’s Time to Supercharge Local Crowdfunding to Unlock Needed Capital



For more information about FFCON21: BREAKING BARRIERS, on-demand videos and ways to participate




 

Canadian securities regulators sign fintech co-operation agreement with the Financial Supervisory Commission of Taiwan

CSA | Release | June 11, 2020

CSA image - Canadian securities regulators sign fintech co-operation agreement with the Financial Supervisory Commission of TaiwanMontreal - Members of the Canadian Securities Administrators (CSA) have signed a fintech co-operation agreement with the Financial Supervisory Commission of Taiwan (FSC). The members are the securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan.

The agreement extends the work of the CSA Regulatory Sandbox Initiative and the FSC FinTech Regulatory Sandbox . Notably, it includes a referral mechanism for innovative businesses, and will enhance and clearly define information-sharing between these jurisdictions.

“Canadian and Taiwanese innovative businesses will now have access to new regulated markets with this agreement between the CSA and the FSC,” said Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers. “Investors and the fintech industry will benefit from our regulatory environments, which combine flexibility with appropriate investor protection measures.”

See:  Cambridge: Global Regulator Survey Results – Regulation of Alternative Finance is Key to Make Sector Safe to Scale for the Masses

“This co-operation agreement between Canada and Taiwan aims to promote financial innovation, enhance supervisory cooperation, and facilitate market access for FinTech businesses on both sides”, said by Dr. Tien-Mu Huang, Chairperson of Taiwan’s Financial Supervisory Commission. “Canada is a well-established financial innovation hub. Taiwan is equipped with abundant technological talents, strong innovation capabilities and mature financial industry. This bilateral agreement is designed to create a mechanism for financial technology cooperation between Canada and Taiwan.”

For certain CSA members, the agreement with the FSC will come into effect once all governmental approvals have been obtained.

About the Canadian Securities Administrators

The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets. Among other initiatives, it has put in place the CSA Regulatory Sandbox to support fintech businesses seeking to offer innovative products, services and applications in Canada. The sandbox  allows firms to register and/or obtain exemptive relief from securities laws requirements , under a faster and more flexible process than through a standard application, in order to test their products, services and applications throughout the Canadian market on a time-limited basis.

About the Financial Supervisory Commission of Taiwan

The FSC is the sole financial regulator in Taiwan responsible for the soundness of financial markets and institutions offering banking, insurance and capital market services. To facilitate FinTech development, the FSC has put in place the FinTech regulatory sandbox, among other initiatives, in accordance with the “Financial Technology Development and Innovative Experimentation Act”. The sandbox provides a safe environment in which experimenters are exempted from acquiring prior approvals from the FSC and observing related financial regulations within the period of experimentation. The FSC also provides sandbox experimenters with necessary support, such as consultation, regulatory amendments, referral and collaborative networking.

For media queries, please contact :

Canadian Securities Administrators
media@acvm-csa.ca

FinTech Development and Innovation Center
Financial Supervisory Commission of Taiwan (FSC)
fintechcenter@fsc.gov.tw   


NCFA Jan 2018 resize - Canadian securities regulators sign fintech co-operation agreement with the Financial Supervisory Commission of Taiwan The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Canadian securities regulators sign fintech co-operation agreement with the Financial Supervisory Commission of TaiwanFF Logo 400 v3 - Canadian securities regulators sign fintech co-operation agreement with the Financial Supervisory Commission of Taiwancommunity social impact - Canadian securities regulators sign fintech co-operation agreement with the Financial Supervisory Commission of Taiwan

Support NCFA by Following us on Twitter!






NCFA Sign up for our newsletter - Canadian securities regulators sign fintech co-operation agreement with the Financial Supervisory Commission of Taiwan



For more information about FFCON21: BREAKING BARRIERS, on-demand videos and ways to participate




 

Innovate Finance in talks for P2P lenders to receive cheap BoE funding

Peer2Peer Finance UK | | Jun 3, 2020

BoE - Innovate Finance in talks for P2P lenders to receive cheap BoE fundingInnovate Finance is representing peer-to-peer platforms in talks about non-bank lenders receiving access to cheap funding from the Bank of England, Peer2Peer Finance News can reveal.

The industry body has argued that without access to the Bank of England’s Term Funding Scheme – which is currently only available to banks – many non-bank lenders have been prevented from delivering the government’s emergency loan schemes.

“We’ve made the case to the government that it’s difficult for P2P lenders to provide emergency loan schemes because they don’t have the same access to cheap funding,” said Iana Vidal, head of policy and government affairs at Innovate Finance.

“I think P2P has a huge role to play in delivering the emergency loan schemes and we’ve been trying to get that across to the government.

See:  European fintech lending industry to hit USD 9.6 billion in 2020

“Part of the purpose of the schemes is to get finance out quickly to SMEs and that’s where fintech and P2P comes into play.

“We think (fintechs) are integral to the conversation and have been saying for a number of weeks that there are some really innovative companies and we should be utilising their technology to support the wider measures out there providing finance to businesses and consumers during this time.

“And we’re fully aware that these interventions from schemes cause customers that usually would have been spread out across many lenders to just use a few institutions. We’re aware of that impact from a P2P viewpoint and generally and are monitoring it.”

P2P lending platforms have welcomed news of the talks.

“It would be brilliant,” said David Bradley-Ward, chief executive of Ablrate.

“Getting access to the cheap funding like banks and levelling the playing field with them would be great. I’ve always been an advocate of alternative finance lenders being on the same level as banks. If anything, banks’ technology is terrible.

See:  Shopify expands capital lending program to help Canadian merchants weather COVID-19

“I’d be up for something like this, but the ultimate issue is suddenly giving P2P lending platforms quick access to finance wholesale would remove the need for retail investors and it wouldn’t be P2P anymore.”

Daniel Rajkumar, managing director of Rebuildingsociety, said that having access to this type of funding would help to fight unfair competition in the marketplace, which at present, is his platform’s largest threat.

“It’s difficult to compete without being able to get access to the credit in the same way banks can get access to capital,” he said.

“It’s really important to get access to Bank of England funding options to remediate unfair competition.”

Continue to the full article --> here

 


NCFA Jan 2018 resize - Innovate Finance in talks for P2P lenders to receive cheap BoE funding The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Innovate Finance in talks for P2P lenders to receive cheap BoE fundingFF Logo 400 v3 - Innovate Finance in talks for P2P lenders to receive cheap BoE fundingcommunity social impact - Innovate Finance in talks for P2P lenders to receive cheap BoE funding

Support NCFA by Following us on Twitter!






NCFA Sign up for our newsletter - Innovate Finance in talks for P2P lenders to receive cheap BoE funding



For more information about FFCON21: BREAKING BARRIERS, on-demand videos and ways to participate