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Copilot’s Copyright Promise by Microsoft

AI | Oct 2, 2023

Unsplash Oscar Sutton Copilot - Copilot's Copyright Promise by Microsoft

Image: Unsplash/Oscar Sutton

Microsoft has recently made waves in the tech industry with its announcement of the Copilot Copyright Commitment. Microsoft's Copilot Commitment Shields AI Users from Copyright Concerns.

  • Problem: While Microsoft's AI-powered Copilots have been transformative, enhancing efficiency and unlocking new levels of creativity they've raised questions about the risk of IP infringement claims when using the output produced by generative AI.
  • Solution: To address these concerns, Microsoft has introduced its new Copilot Copyright Commitment.
    • This commitment ensures that customers can use Microsoft’s Copilot services and their generated output without fearing copyright claims.
    • If a customer faces a copyright challenge, Microsoft will assume responsibility for the potential legal risks involved.
    • This commitment extends Microsoft's existing intellectual property indemnity support to commercial Copilot services.
    • If a third party sues a commercial customer for copyright infringement for using Microsoft’s Copilots or the output they generate, Microsoft will defend the customer and cover any adverse judgments or settlements, provided the customer used the guardrails and content filters integrated into Microsoft’s products.

See:  How do intellectual property rights apply to AI?

  • This move by Microsoft comes after a recent federal court ruling that stated artwork created by AI cannot be copyrighted. The ruling was issued by U.S. District Court Judge Beryl A. Howell following a case where Stephen Thaler sued the U.S. Copyright Office for refusing to grant copyright protection to one of his AI-generated images.

Impact of Microsoft's Commitment

  • This move is likely to bolster confidence among users of Microsoft's AI services, knowing that they have a safety net in case of legal challenges.
  • Microsoft's commitment is a significant step in addressing the legal ambiguities surrounding AI-generated content and underscores the importance of striking a balance between advancing AI technology and respecting authors' copyrights. By assuming responsibility for potential legal risks, Microsoft is not only standing behind its products but also supporting its customers.

See:  Law Firms Face Dual Threats: AI Data Leaks and Cyberattacks


NCFA Jan 2018 resize - Copilot's Copyright Promise by MicrosoftThe 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, artificial intelligence, 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

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Will Canada’s New Voluntary AI Code Hinder Innovation?

AI | Oct 2, 2023

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Federal Minister François-Philippe Champagne launches voluntary code of conduct for advanced generative AI systems but some are wondering if this a step forward will hinder innovation?

On September 27, Minister Champagne announced Canada's Voluntary Code of Conduct on the Responsible Development and Management of Advanced Generative AI Systems, effective immediately.  The new code of conduct revolves around several key principles around transparency, bias, oversight and detectability.

  • AI systems must be clear about where and how the information they collect is used.
  • There should be methods in place to tackle potential biases within the system.
  • Human monitoring of AI systems is essential.
  • Developers creating generative AI for public use must ensure that any content produced by their system can be identified.

Minister Champagne emphasized the urgency of implementing measures to foster trust in AI products.

I think that if you ask people in the street, they want us to take action now to make sure that we have specific measures that companies can take now to build trust in their AI products.

Mixed Reactions

While there's been significant support from major players in the business sector, concerns have also been raised. Some fear that the code, even in its voluntary form, could stifle innovation and hamper Canadian companies' ability to compete on a global scale. For instance, Tobi Lütke, CEO of Shopify, expressed his reservations about the code, emphasizing the need for more builders rather than referees in Canada.

See:  How Can We Improve Fighting Financial Crime With Artificial Intelligence?

The voluntary nature of the code has led to diverse opinions. While some view it as a precursor to more stringent regulations, others see it as a flexible framework that can adapt to the rapidly evolving AI landscape. As Canada continues to navigate the complexities of AI development and its implications, it remains to be seen how this code will shape the nation's AI future.


NCFA Jan 2018 resize - Will Canada's New Voluntary AI Code Hinder Innovation?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, artificial intelligence, 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

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Bitcoin Investment 101: Your $100 and the Cryptocurrency Revolution

Oct 2, 2023

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Image: Unsplash/Michael Förtsch

In the era of digital gold, where cryptocurrencies reign supreme, the allure of Bitcoin has captivated both seasoned investors and newcomers alike. Suppose you're looking to grow your money. In that case, dipping your toes into the cryptocurrency world is exciting and potentially rewarding. This article will demystify the art of Bitcoin investment and show you how to start investing 100 dollars.

The Bitcoin Phenomenon: A Brief Overview

Before we dive into the nitty-gritty of Bitcoin investment, let's take a moment to understand why Bitcoin has become the poster child of the cryptocurrency revolution.

Bitcoin, often called "digital gold," was created in 2009 by an anonymous individual or group of individuals using the pseudonym Satoshi Nakamoto. It's a decentralized digital currency that operates on blockchain, which ensures transparency, security, and immutability of transactions.

The appeal of Bitcoin lies in its scarcity; only 21 million coins will ever be mined, making it a deflationary asset. As a result, Bitcoin has garnered immense attention and investment interest over the years, skyrocketing from mere cents to thousands of dollars per coin.

Why Should You Invest in Bitcoin?

  1. Diversification: Diversifying your investment portfolio is a fundamental strategy to mitigate risks. As an uncorrelated asset, Bitcoin can be an excellent addition to your portfolio, reducing its overall volatility.
  2. Hedge against Inflation: In a world where central banks print money endlessly, Bitcoin acts as a hedge against inflation. Its limited supply and increasing demand make it a store of value.
  3. Accessibility: Unlike traditional investments like stocks or real estate, you can start investing in Bitcoin with as little as $100, making it accessible to almost everyone.
  4. High Growth Potential: While past performance does not indicate future results, Bitcoin's historic growth has been extraordinary. Some investors have seen substantial returns on their investments.

Getting Started with $100

Now that you're convinced of the potential benefits of Bitcoin investment let's explore how you can start with just $100.

  1. Choose a Reputable Exchange: To invest in Bitcoin, you must choose a cryptocurrency exchange. Platforms like Coinbase, Binance, and Kraken are popular choices. Sign up, complete the verification process, and link your payment method.
  2. Secure a Wallet: Consider using a cryptocurrency wallet to store your Bitcoin for added security. Hardware wallets like Ledger Nano S or software wallets like Exodus are good options. Remember, not your keys or coins; ensure you have control over your private keys.
  3. Purchase Bitcoin: With your exchange account set up, you can now purchase Bitcoin. Look for the "Buy" or "Trade" option on your chosen platform, enter the amount you want to invest (in this case, $100), and confirm the purchase.
  4. Stay Informed: The cryptocurrency market is dynamic and can be highly volatile. Stay informed about market trends, news, and potential developments that could impact your investment. Additionally, consider utilizing traditional savings accounts in reputable banks like JPMorgan Chase, Wells Fargo, or Ally Bank to diversify your investment strategy further. These banks offer high interest rates and safety for your savings.

Strategies for Growing Your Bitcoin Investment

Now that you're officially a Bitcoin investor, exploring strategies to maximize your returns and minimize risks is essential.

  1. HODLing: The term "HODL" originated from a typo in a Bitcoin forum post. Still, it's become a strategy in its own right. HODLing means holding onto your Bitcoin for an extended period, irrespective of short-term price fluctuations. This approach has proven profitable for many long-term investors.
  2. Dollar-Cost Averaging (DCA): DCA involves regularly investing a fixed amount of money, regardless of Bitcoin's price. This strategy ensures that you buy more Bitcoin when prices are low and less when prices are high, averaging your cost over time.
  3. Trading: If you're inclined towards active management, you can try trading Bitcoin. This involves buying low and selling high to profit from price fluctuations. However, trading is riskier and requires a deep understanding of the market.
  4. Staking: Some platforms offer the option to stake your Bitcoin, earning you additional cryptocurrency as a reward. This can be a way to grow your holdings passively.
  5. Lend or Yield Farm: Platforms like BlockFi and Celsius Network allow you to lend your Bitcoin to others and earn interest. Yield farming involves providing liquidity to decentralized finance (DeFi) platforms in exchange for rewards.

Risk Management: Protecting Your Investment

While Bitcoin offers significant growth potential, it's essential to recognize that it also carries risks. Here are some tips for managing those risks:

  1. Stay Informed: Continuously educate yourself about the cryptocurrency market. Knowledge is your best defense against making impulsive decisions.
  2. Use Strong Security Practices: Keep your wallet and exchange accounts secure by enabling two-factor authentication, using strong passwords, and being cautious about phishing attempts.
  3. Diversify: Don't put all your eggs in one basket. Consider diversifying your investments across different assets to spread risk.
  4. Set Realistic Goals: Define your investment goals and risk tolerance. Don't invest more than you can afford to lose, and avoid making emotional decisions based on short-term price fluctuations.
  5. Keep an Eye on Taxes: Be aware of tax regulations in your jurisdiction. Cryptocurrency gains may be subject to taxation, so keep accurate records of your transactions.

The Future of Bitcoin and Cryptocurrency

As Bitcoin continues to gain mainstream acceptance and adoption, its future remains promising. Institutional investors, corporations, and even governments are increasing interest in cryptocurrency, further legitimizing its place in the financial world.

While there will undoubtedly be bumps along the way, the cryptocurrency revolution is here to stay. Investing in Bitcoin today, even with just $100, can be the first step toward securing your financial future in this exciting and rapidly evolving landscape.

Conclusion

In the quest to grow your money, Bitcoin offers a unique opportunity to be part of a financial revolution. Starting with just $100, you can dip your toes into cryptocurrency and potentially see your investment grow.

Remember that, like any investment, Bitcoin carries risks, and it's essential to approach it with caution, diligence, and a long-term perspective. Stay informed, use secure practices, and consider diversifying your portfolio to mitigate potential losses.

See:  Bitcoin’s Energy Blueprint for the AI Revolution

Whether you're a seasoned investor or a complete beginner, the world of Bitcoin and cryptocurrencies is waiting for you to explore. Start your Bitcoin journey today, and who knows where it might lead you in the exciting world of digital assets.


NCFA Jan 2018 resize - Bitcoin Investment 101: Your $100 and the Cryptocurrency RevolutionThe 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, artificial intelligence, 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

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ZayZoon raises $34.5M in Series B, Championing EWA for SMBs

Funding | Sep 29, 2023

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Image: Unsplash/Fabian Blank

ZayZoon, a prominent Earned Wage Access scale-up for small and mid-sized businesses, and founded in Calgary, recently announced that they raised $34.5 million in debt and equity during its Series B financing round.

  • Investors include Framework Venture Partners who led this round, with notable co-investment from Export Development Canada (EDC) and participation from ATB Financial and existing shareholders.
  • ZayZoon is a financial empowerment platform specifically designed for small and mid-sized businesses. The company's primary mission is to provide employees with the ability to access their earned wages before the traditional payday, a service known as Earned Wage Access (EWA). This innovative approach aims to alleviate financial stress and break the paycheck-to-paycheck cycle that many individuals face.
  • Catering to the varied needs of its users, ZayZoon offers multiple payout options, including bank deposits, debit cards, and fee-free alternatives like Instant Gift Cards and Gas Cards

See:  Redefining Payday: Earned Wage Access (EWA) Insights from Harvard Study

  • ZayZoon emphasizes seamless integration with existing payroll and HR infrastructures. In 2023, the company was notably recognized as an ADP and PrismHR Marketplace Partner of the Year.
  • Their trajectory is nothing short of remarkable, boasting a 400% increase in payouts year-over-year. Their expanding clientele includes household names such as Dunkin’, McDonald’s, and Amazon Warehouses. This growth underscores the rising demand for EWA and employee engagement platforms, particularly among the SMB sector.

Darcy Tuer, Co-Founder and CEO of ZayZoon

This financing will fuel our mission in being a true partner in financial health and workplace engagement to small and midsize businesses. Not only does ZayZoon act as a substantial competitive advantage for the business, but it helps the millions of Americans living paycheck to paycheck get by between paydays and plan for the future.


NCFA Jan 2018 resize - ZayZoon raises $34.5M in Series B, Championing EWA for SMBsThe 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, artificial intelligence, 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

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Navigating BC’s Innovation Landscape with Capital Compass BC

Capital | Sep 29, 2023

Capital Compass BC - Navigating BC's Innovation Landscape with Capital Compass BC

Image: Capital Compass BC

This week hails the launch of Capital Compass BC, a dynamic and collaborative platform by Innovate BC, InBC Investment Corp., PacifiCan, and New Ventures BC, designed to bolster and connect BC's thriving entrepreneurial ecosystem.

British Columbia (B.C.) is a hub of innovation, with entrepreneurs and companies propelling it as a leading innovation center in North America. Capital Compass BC is not just a boon for businesses but also for investors, innovators, and ecosystem enablers. It's publicly accessible, free-to-use, and allows individuals to submit relevant information, making it searchable within the platform.

Key Features of Capital Compass BC:

  • Comprehensive Database: The platform provides detailed insights into startups, scaleups, investors, entrepreneurial resources, and the flow of investment capital within BC.  There are currently 538 fintech startups and scale-ups based in BC listed on the platform.
  • Advanced Filtering: Users can explore the vast database using filters like sector, company stage, funding round, and other pivotal characteristics. This facilitates the identification of trends, opportunities, and gaps in the regional innovation ecosystem.
  • Support for Companies: Beyond just being a data repository, Capital Compass BC aids companies in navigating funding sources and amplifying their visibility in the market.
  • Investor's Paradise: Investors and funding providers can leverage the platform to pinpoint companies in BC that resonate with their investment strategies.

See:  H1 2023 Fintech Investment Landscape: Top 10 Global Markets

Brenda Bailey, the Minister of Jobs, Economic Development, and Innovation, expressed her enthusiasm about the platform, emphasizing its role as a one-stop site for accessing funding-related resources in BC. She believes that this publicly accessible platform, developed collaboratively by multiple stakeholders, will be instrumental in connecting BC businesses and investors, paving the way for more developmental opportunities and growth.

For those eager to delve deeper into what Capital Compass BC has to offer, the platform is accessible at www.capitalcompass.ca.


NCFA Jan 2018 resize - Navigating BC's Innovation Landscape with Capital Compass BCThe 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, artificial intelligence, 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

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Safe And Fast: Check Gambling Deposits Via OSKO PayID

Sep 29, 2023

Unsplash mobile payment 1 - Safe And Fast: Check Gambling Deposits Via OSKO PayID

Funding Transfers Via PayID From Australia

Gambling for real money is not complete without a reliable payment system. This is a guarantee that fraudsters won’t get your cash. And it will not magically disappear. Therefore, the transfer method choice is on par with the search for a casino.

Security comes first, so let's take a look at how the system creators provide it. First of all, we'd like to point out that only your bank can see the personal data required to receive the code. The online casino does not see them. In addition, PayID uses SSL protection.

Advantages And Disadvantages

We highlight such pros:

  • Speed. Online casino transfers are instant, so you can start betting right away. Withdrawals depend on the gambling platform due to additional checks.
  • Security. Everything is as safe as transferring directly to a bank account, just more anonymous. You only need a code.
  • Simplicity. Remembering a combination or just a login is easier than looking for a piece of paper with your account number every time. You can connect to the system in just a few clicks.

Communication. PayID transfers allow short descriptions of up to 280 characters. You can specify the purpose of the payment, your name, or whatever you want.

Unsplash Online payment - Safe And Fast: Check Gambling Deposits Via OSKO PayID

Image: Unsplash

We also have found a few drawbacks for a balance:

  • Not for all banks. But you will find the most common Australian and international ones on the list.
  • Technical problems. Two months ago, some users experienced problems with Binance transfers. But the problem is not visible now.

How to Get It?

Contact your bank or, if you don't have an account yet, register for one. PayID now works with 100+ institutions, including the most common banks. Go to the system’s official website and find yours to ensure you can connect. Now to the next steps:

  1. Look for the PayID feature. It is available in your mobile app or online banking. Usually, you need to confirm your identity, as the bank needs to ensure it is you. If you have any problems, contact the bank's support service or the nearest branch.
  2. Choose a binding method. Phone number or email – choose wisely because there is only one code per person.
  3. Use it. Ready to make a deposit?

See:  From Gaming to Gig Economy: How Canadians are Embracing New Payment Methods

Choose the payment system you need, and enter a unique code with the transfer amount. It's that simple.

Online Casino Verification

Deposits are only possible after verification. This is if you choose a licensed casino, which we hope you do. The procedure helps to eliminate scammers and minors from the platform. It also helps to check if someone wants to create two accounts for one person. In short, it protects both operators and gamblers.

Unsplash Casino - Safe And Fast: Check Gambling Deposits Via OSKO PayID

Image: Unsplash

Verification takes up to 2 days on average and requires:

  • Registration. The very first thing and the biggest button on the casino website. To fill out the form, enter your name, email, strong password, and other required information. Sometimes, you can immediately enter a promo code and get a welcome bonus, so grab the opportunity if you can.
  • Sign in. Now, use your username and password to explore your personal account. There, you will find all the features for a comfortable game.
  • Upload documents. It's time to get out your passport and take a quality photo. A driver's license will do. When ready, upload the files to your account. It will take some time for the administration to process the request, after which you will receive a notification of the verification results. If you have not cheated, you are verified.

See:  The Diversity of Online Casinos: A World of Gaming Experiences

Now, you have access to the Cashier section to manage your game account. You will find PayID, among other methods, and you’ll be able to deposit. This gives you access to real money bets with a chance to win.

Conclusion

The gaming experience directly depends on the convenience of the payment system. No one wants to start a game nervously because the deposit took a long time or did not come at all. The Australian PayID casinos  are reliable, fast, and generally optimal for transfers. If your bank supports the system, get your code and use it.


NCFA Jan 2018 resize - Safe And Fast: Check Gambling Deposits Via OSKO PayIDThe 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, artificial intelligence, 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

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Bank of Canada Seeks Your Input on Transaction Reports

BoC | Sep 28, 2023

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Image: WikiCommons Media/Bank of Canada

The Bank of Canada has extended an invitation to members of the Retail Payment Advisory Committee (RPAC) and the broader payment service provider (PSP) community to share feedback on its supervisory approach to transaction reporting.

The Bank is keen on understanding the current practices of payment service providers (PSPs) and aims to develop an effective strategy for transaction reporting. This initiative is not limited to RPAC members alone; the Bank is actively seeking diverse opinions from the entire PSP industry.

See:  Citi’s Top 10 Insights on Cross-Border Payments 2023

By sharing your feedback, you will help the Bank gain insights into the current practices of PSPs and also contribute to the development of a robust transaction reporting approach.

Survey

The Bank has launched a survey to better understand the information needs of PSPs. This will aid PSPs in understanding the Bank's expectations and preparing for upcoming retail payment supervision. The results of this survey will shape the Bank's communication strategy, ensuring PSPs are well-informed and ready to comply with forthcoming legislation.  The survey is entirely voluntary, and the Bank guarantees that no personally identifiable information will be collected or shared. You can complete the survey here.

Registration Pilot for Retail Payment Activities Act

The Bank is gearing up for the enforcement of the registration requirement under the Retail Payment Activities Act, expected in the latter half of 2024. To ensure a smooth and efficient registration process, the Bank is launching a pilot program. They are seeking volunteers, both individuals and entities subject to the Act, to test the registration process. Information about this pilot will be shared by December 2023, with the pilot tentatively set to commence in April 2024. Interested parties can sign up using the online form.

Thanks For Your Feedback

NCFA Canada encourages all its members and stakeholders to actively participate in this feedback process. Your expertise and insights will play a crucial role in shaping the future of transaction reporting in Canada. Let's collaborate and ensure that the industry's voice is heard.

See:  Top 20 Fintech Blogs in Canada

For those wishing to share their feedback directly with the Bank of Canada, you can email your thoughts here by October 16, 2023.

Thank you for your continued commitment to advancing the fintech and alternative finance sectors in Canada.


NCFA Jan 2018 resize - Bank of Canada Seeks Your Input on Transaction ReportsThe 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, artificial intelligence, 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

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