Category Archives: Fintech International

SEC Confirms Crypto PoW Mining is Not a Security

Regulation | March 21, 2025

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SEC says Proof-of-Work mining doesn’t fall under U.S. securities laws

On March 20 2025, the U.S. Securities and Exchange Commission's (SEC), Corporate Finance Division, issued a statement making it clear that mining crypto on proof-of-work (PoW) networks like Bitcoin isn’t considered a securities transaction.  That includes both solo miners (operators) or if someone is part of a mining pool (pooled miners) operating in the U.S. do not need to register with the SEC.

Howey Test Doesn’t Apply Here

This update from the SEC gives the crypto mining community more clarity about where they stand legally in the U.S. as solo or pooled PoW miners.  The message is if you’re earning tokens by providing computational effort to secure a PoW network, that doesn't count as investing in a security.

See:  Fidelity Report Insights on Digital Assets in 2025

The reasoning is that the infamous Howey Test (used to help determine whether or not an activity is considered a security), is only a security if profits are expected  mainly from another party's managerial or entrepreneurial work.  In the case of PoW mining, the reward is derived from the miner's own work/effort and hardware, so the activity is not akin to an investment security.

The same statement applies to mining pools where many miners group together and share computing power to improve their chances of solving cryptographic puzzles to earn block rewards.  Even when rewards are split and managed by a pool operator, the SEC said the core activity remains technical and administrative, and as such is not an investment contract.

Pushback from Within the SEC, but Industry Welcomes Clarity

Not everyone at the SEC agrees though. Commissioner Caroline Crenshaw issued a dissenting opinion on the same day, saying the analysis was too broad and should be handled on a case by case basis.  She warned that some mining setups could involve passive income arrangements that might still fall under securities rules.

See:  Marathon Bitcoin Miner Ventures into Whisky Barrels

Still, most reactions online have welcomed the added legal clarity and Bitcoin advocates see this as a win for decentralization.  Some have noted that this may influence policy beyond the U.S. and could help shape mining rules in other jurisdictions, such as Canada.

Outlook

While the statement doesn't alter the environmental debates around PoW, it potentially lowers compliance risks and may encourage investment in mining infrastructure.  At the end of the day, 'Crypto miners can keep on digging'.


NCFA Jan 2018 resizeThe 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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Elon Musk’s “Magic Money” Discovery and What It Means

Finance | March 20, 2025

Freepik catalyststuff, printing money

Image: Freepik/catalyststuff

Musk Calls U.S. Financial System 'Magic Money Computers'

As reported in various outlets, Elon Musk was recently asked on a podcast with Senator Ted Cruz about what he's learned during his time at Washington to which he dramatically described that the U.S. financial system has 14 computers at the Treasury that can print money out of thin air.  But why is the world’s richest person acting surprised, given that anyone paying attention knows that the Federal Reserve has been digitally expanding the U.S. dollar money supply for decades, especially during crises?

It’s possible he’s just explaining it in a way that makes people stop and think. Or maybe he’s pointing out the problem for a reason like highlighting the massive debt-ridden and inflationary risks with the current system of 'printing magic money' and debt addiction.  However Musk isn't just an observer here, as he has alternative finance investments in digital assets, fintech, and AI, all of which could stand to benefit if people start questioning traditional finance.

See:  Decentralization and Resilience are Key to Bitcoin’s Value

But Musk also uncovered something else, that is banks can also effectively create new money in the form of credit when a bank issues a loan.  Now this might sound confusing but when you take out a loan the bank adds money to your account digitally while creating a corresponding deposit at the same time.  It doesn't move existing cash around, it digitally generates new money in the banking system.  So in this way, commercial banks also have 'magic money computers'.  The catch is banks don't have unlimited freedom to do this as they are highly regulated and constrained by capital requirements, regulatory limits, and risk assessments, but banks

Theatrical Delivery But Real Issues

Although Musk's delivery about 'magic money' on the podcast was likely for theatre, the consequences of the current debt and U.S. financial system of printing money to stay afloat has resulted in the U.S. government being over $36 trillion in debt and counting.

As more money enters circulation, the value of the U.S. dollar declines as inflation reduces buying power (and eats away at savings) making everything more expensive.  Then as the economy slows because consumers pullback on spending, the government tries to stimulate the economy by lowering interest rates, making access to capital cheaper...but that also makes the overall financial system more fragile, potentially forming a market bubble longer term.

See:  The dream of a low-friction financial system is just the beginning

Musk also discovered that the government doesn't track its own spending well.  He pointed out that the Treasury’s magic money computers don’t always sync up, and that many payments aren’t clearly labelled for what they fund, and estimates that 80% of this gap is incompetence, 20% is intentional. The idea that trillions of dollars flow through a system that isn’t properly tracked raises serious concerns about government waste and inefficiency - enter DOGE slashing and cutting here.

Crypto is Being Absorbed into Traditional Finance

Bitcoin was meant to challenge the currently broken U.S. financial system with an alternative that government's couldn't manipulate but instead of replacing traditional finance, even though there's been significant innovations in decentralized finance, CBDCs and tokenization of real world assets, crypto is being absorbed into the traditional system, since Wall Street embraced Bitcoin/crypto ETFs.  Financial institutional giants like BlackRock and Fidelity are turning Bitcoin into just another institutional asset.

See:  A New Era: Financial Stability Board Releases Final Recommendations for Cryptoasset Activities and Markets

Meanwhile, Musk is pointing out broken anomalies of the current system but is he advocating for real change or just positioning himself to benefit in the next round of crypto's integration into traditional finance?

Closing Thought

Think about it. The U.S. government prints money. Now, institutions are doing the same thing with digital assets. Bitcoin was supposed to be independent but that narrative didn't fly with Wall Street, and now early crypto players are being upgraded to play the same game of control.  So although the financial game is being digitized and some ways modernized, the winners are largely the same barring the new names being added to the list.  So will the future of money ever be decentralized as envisioned?  One where fintech and blockchain innovations are shifting control to individuals.  Or will it be a digital evolution of the same system, just with a different look and largely the same players.


NCFA Jan 2018 resizeThe 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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School CCTV Systems: Are They the Key to Preventing Campus Incidents?

March 20, 2025

CCTV video surveillance system

Ensuring the safety of students and staff is a top priority for schools worldwide. In recent years, school CCTV systems have become a crucial tool in enhancing campus security. From deterring bullying and vandalism to preventing unauthorized access, these surveillance solutions offer real-time monitoring and evidence collection. But the question remains: Are school CCTV systems truly the key to preventing campus incidents? This article explores the role of school security cameras in maintaining a secure educational environment.

The Role of School CCTV Systems in Campus Safety

1. Deterring Bullying and Misconduct

Bullying remains a major concern in schools. According to the National Center for Education Statistics, nearly 20% of students report being bullied at school. School security cameras can help address this issue in several ways:

  • Preventing Incidents: The presence of cameras discourages students from engaging in bullying, knowing that their actions could be recorded.
  • Providing Evidence: Recorded footage can help administrators investigate incidents and take appropriate action.
  • Supporting Victims: Video evidence allows schools to intervene quickly and protect students from further harm.

2. Preventing Vandalism and Property Damage

Vandalism is another serious issue that schools face, costing districts thousands of dollars in repairs annually. School CCTV systems can:

  • Deter potential vandals by increasing the risk of getting caught.
  • Identify perpetrators with high-definition footage.
  • Assist law enforcement in taking legal action when necessary.

3. Restricting Unauthorized Access

Unauthorized individuals on school property pose a significant safety risk. Integrating school camera systems with access control solutions can:

  • Identify intruders before they enter the premises.
  • Monitor entry points in real time.
  • Trigger automatic alerts when unauthorized access is detected.

4. Enhancing Emergency Response

During crises such as school shootings or medical emergencies, real-time surveillance can be a lifesaver. Benefits include:

  • Faster response times: Security personnel and law enforcement can assess situations immediately.
  • Better coordination: Video feeds help first responders make informed decisions.
  • Evidence collection: Footage can be reviewed for post-incident analysis and training.

How Effective Are School CCTV Systems?

While school CCTV systems provide many security benefits, their effectiveness depends on several factors:

  • Strategic Placement: Cameras must be positioned at high-risk areas such as entrances, hallways, and playgrounds.
  • Integration with Other Security Measures: Surveillance is most effective when combined with controlled access systems, alarms, and school resource officers.
  • Regular Monitoring: Without active monitoring, security cameras serve only as passive deterrents.
  • Privacy Considerations: Schools must balance security needs with students' privacy rights and adhere to legal guidelines.

The Debate: Are School CCTV Systems Enough?

While CCTV systems enhance security, they are not a standalone solution. Critics argue that:

  • Cameras do not physically stop incidents; they only provide evidence after the fact.
  • Some students may feel monitored and uncomfortable, affecting their school experience.
  • Budget constraints may prevent proper implementation, leading to gaps in coverage.

Despite these concerns, most experts agree that school security cameras significantly contribute to a safer environment when used correctly.

Best Practices for Implementing School CCTV Systems

To maximize the effectiveness of school CCTV systems, administrators should follow these best practices:

  • Use High-Definition Cameras: Clear footage ensures better identification of individuals.
  • Ensure 24/7 Monitoring: Assign security personnel or use AI-based alerts to detect suspicious activity.
  • Train Staff and Students: Awareness programs can help everyone understand the purpose and benefits of surveillance.
  • Regularly Maintain Equipment: Ensure cameras are functioning correctly and have sufficient storage for recordings.
  • Respect Privacy Laws: Schools must comply with local laws regarding surveillance and student privacy.

FAQs

1. Do school CCTV systems prevent crime?

While cameras alone do not prevent crime, they serve as a deterrent and provide crucial evidence for investigations.

2. Are school security cameras legally allowed?

Yes, but schools must comply with federal and state laws regarding privacy and surveillance.

3. Where should cameras be placed in schools?

Cameras should be installed at entrances, hallways, parking lots, and common areas while avoiding restrooms and locker rooms.

4. Can students access school security footage?

No, access to footage is typically restricted to school administrators and law enforcement as needed.

5. What features should a school CCTV system have?

Key features include high-definition video, night vision, motion detection, remote access, and integration with security alarms.

Conclusion

School CCTV systems play a vital role in maintaining a secure educational environment. They help deter bullying, prevent vandalism, restrict unauthorized access, and enhance emergency response. However, they should not be viewed as a standalone solution but rather as part of a comprehensive security strategy. By combining surveillance with access control, trained personnel, and strict safety policies, schools can create a safe and supportive atmosphere for students and staff.

See:  Can Cloned Voices Crack Bank Security? Need to Know

Investing in the right school camera systems ensures a proactive approach to campus security, fostering a safer learning environment for everyone.


NCFA Jan 2018 resizeThe 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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Arizona Supreme Court Launches AI Avatar Pilot

AI Innovation | March 19, 2025

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Can AI Make the Legal System More Transparent and Accessible?

As reported by AP news, the Supreme Court in Arizona has launched two AI avatars called Daniel and Victoria to explain court rulings in simple terms to make the judicial system more publicly accessible.  So instead of publishing length, complex legal documents filled with jargon that the average individual can't wrap their head around, the two AI avatars deliver easy to follow video summaries within 30 minutes of the ruling, a game changer compared to traditional video production time lines.

AI Avatars Launched After Controversial Ruling

The initiative was pursued after public confusion and backlash over a controversial ruling that prompted the courts to innovate a a better way to communicate its decisions.

These video summaries can also be quick and digestible in a way that can help build trust in the legal system but some are concerned that the explanations might be unreliable, oversimplified, or misinterpret legal nuances, raising important questions about trust, transparency, and responsible AI.

AI in Public Institutions is Growing

With the use of AI in public institutions is growing, financial regulators may not be far behind. Fintech companies, banks, and regulators globally are already using AI for automated fraud detection, risk assessment, and compliance.

See:  Balancing AI Automation and Ethics in Fintech

So we shouldn't be surprised if AI avatars are soon explaining financial regulations and complex tax rules to the public and companies.  If so, how do we ensure accuracy and accountability, or will people trust AI to be the messenger?

Conclusion

Canada has yet to test AI in legal or regulatory communications in this way and at this scale but the possibilities are worth considering.  Artificial intelligence could play a role in making financial and legal systems more transparent but ethical concerns must be addressed.  One to watch and learn, whether this is the future of public engagement and a smarter way to administer at scale.


NCFA Jan 2018 resizeThe 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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UK to Cut Regulatory Red Tape to Boost Tech and Growth

Regulation | March 19, 2025

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UK to Streamline Regulations to Spur Emerging Tech and Economic Growth, Offering Insights for Canada

Big news came out of the UK government on March 17 2025 for those in emerging tech and innovation.  As part of the UK's blueprint for innovation, Sweeping changes are being made to its regulatory system, aiming to remove bureaucratic obstacles that have slowed economic growth, fast track innovation, and attract investment.  The quarterback of this effort is a new Regulatory Innovation Office (RIO) that will ensure regulators focus on economic growth while keeping up with emerging technologies.  The UK wants to flip the script away from excessive risk aversion and position regulation as a tool to drive progress in high impact growth sectors.

See:  Lessons for Canada from Global Leaders in Regulation

For NCFA and its community of fintech, web3, alternative finance, and AI driven financial sectors this is an eye popping development since Canada faces many of the same regulatory challenges that have long frustrated the UK such as slow approvals, unclear pathways for innovative new business models, and a fragmented approach to oversight.  If the UK's reforms succeed, they could provide a roadmap for Canada to follow.

Current Regulatory Approach is Too Costly, Complex, and Burdensome

The UK government has recognized that start-up firms and scale-ups operating in innovative and emerging tech sectors like fintech, AI and digital assets have struggled with slow approvals, excessive paperwork, and conflicting rules that create too much regulatory complexity and uncertainty, slowing growth and 'stifling progress and innovation'.  Further, the regulatory cost has made the country less competitive and the current approach is too 'risk adverse'.  A study was conducted showing the regulatory cost is equivalent to approx 2-3% of GDP.

Performance Targets and Pro-Innovation Stance for Regulators

The government has outlined their regulatory vision for addressing the challenges that is agile, proportionate and competitive including:

See:  Innovative Approaches to Smarter Regulation

  • Support growth – regulation should protect consumers while encouraging investment, competition, and innovation
  • Be targeted and proportionate – focus on necessary rules, trusting responsible businesses instead of over-regulating
  • Ensure transparency and predictability – provide stability and clear rules so businesses can plan with confidence
  • Adapt to innovation – Keep pace with AI, automation, and emerging technologies to maintain a competitive edge

The new RIO sets out 3 specific action plans to achieve these goals of (1) reducing regulatory complexity and burden; (2) reducing regulatory uncertainty, and (3) challenging excessive risk aversion.

One of the most striking changes is the introduction of performance targets for regulators.  Of course, regulators have goals today but the new approach means that regulators will now be measured on outcomes that prioritize economic growth alongside consumer protection and reduction of bureaucratic obstacles.  The UK's new Chancellor Rachel Reeves has announced that senior execs from the 16 largest regulators including the Financial Conduct Authority (FCA) will have biannual performance reviews to assess their contributions to the plan and vision.  This means the FCA and other key regulators will have to operate with greater transparency and agility, ensuring fintech startups don't face unnecessary roadblocks when launching new services.

See:  The Crisis Canada and Fintech Can’t Afford to Waste

The UK is also pushing regulators to embrace a risk-balanced approach to decision-making (aka principles-based approach), so instead of an overly risk adverse system where regulators error on the side of caution, there is now a directive to encourage responsible innovation which is particularly relevant to sectors like AI powered credit models, decentralized finance, and blockchain payment systems where regulatory uncertainty has slowed progress.  Under the new approach, regulators will need to provide clearer guidance on AI in lending and risk assessment, and in the web3 space, provide faster approvals for tokenized assets to ensure the UK remains competitive in the digital economy.

What This Means for Canada

Generally speaking, Canada struggles with many of the similar regulatory challenges as the UK, if not worse.  From where we sit here in Canada, the UK has long been considered a progressive regulator if not a gold standard in regulating new technologies and novel models in financial technology in particular, so a similar approach could benefit Canada at a time when the country must strengthen its economic resilience and competitiveness, amidst President Trump's tariff-trade war and risks to Canada's sovereignty.

Does Canada have a an RIO? 

In short, the national Canadian Securities Administrators (CSA) does not have a dedicated 'Regulatory Innovation Office' that is tasked to cut through red tape and bottlenecks while ensuring provincial regulators are accountable for economic growth, but the CSA supports financial innovation through it's Financial Innovation Hub (FinHub) which offers resources such as the CSA Collaboratory, a cohort-based testing environment for regulators and innovators to collaborate, such as this testing initiative on data portability. 

See:  UK Overhauls Payment Oversight – Should Canada Follow?

Additionally, various provincial regulators like the OSC, ASC, and BSCS have their own innovation related initiatives from sandboxes to innovation offices to foster a supportive environment, but none to our knowledge that issue and oversee performance targets for quick approvals, burden reduction, and contributions to economic growth.

Outlook

The UK's regulatory overhaul is a catalyst for change and ambitious plan in regulatory modernization.  If it works, it could set an example for Canada and others on how to support growth without sacrificing oversight.

The key takeaway is simple and clear:  Regulation shouldn't be a roadblock to innovation and economic progress.  With the right approach, it can help drive it.


NCFA Jan 2018 resizeThe 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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GPR 2025 Shows Rise of Wallets BNPL and Real-Time Payments

Payments Data | March 18, 2025

Worldpay's GPR 2025 Breaks Down the Past, Present, and Future of Consumer Payments

GPR 2025 worldpay report

Image: GPR 2025 (worldpay report cover)

Worldpay has dropped their annual 10th Global Payments Report 2025 (83 page PDF report), which always contains reams of great data research and insights on how more and more people are using digital payments around the world, while cash becomes less common.  The future of payments is towards real-time, mobile transactions combined with innovative fintech-driven solutions.  Global payments are evolving worldwide.

Five Quick Hits

1. The reality is digital payments are taking over. In 2014, just 34% of e-commerce payments were digital but by 2024 that number almost doubled to 66%. By 2030, the report forecasts nearly 80% of all online transactions will be digital, driven by mobile wallets, account-to-account transfers, and buy now, pay later (BNPL) service transactions.  In physical store locations, the same trend is happening where digital transactions have gone from just 3% in 2014 to 38% today (2024) and are expected to reach 53% by 2030.

See:  The Diverging Paths of CBDCs, Privacy, and Global Payments

2. Cash is quickly disappearing but it’s not gone yet. 10 years ago, cash purchases represented 44% of in-store payments worldwide. Today, it's dropped to just 15%, and by 2030, it will likely shrink to 11%.  Having said that, cash is stickier in some countries, such as parts of Latin America, Africa, and Asia where consumers still rely on cash for everyday purchases. Meanwhile cash has already almost disappeared entirely in countries like Sweden and Norway.

3. Real time payments and account-to-account transfers are changing the way people transfer money.  For example, government backed national payment systems like UPI, Pix, and BLIK in countries like India, Brazil, and Poland respectively are expected to reach $3.8 trillion globally by 2030, making them a key trend in digital payments.

4. BNPL is still growing fast, as the opportunity to split payments into installments without a credit card is catching on across industries. BNPL transactions have grown from just $2.3 billion in 2014 to $342 billion today and are expected to reach $580 billion by 2030, a huge volume especially in retail and e-commerce.

5. Even though digital wallets are growing fast, credit cards are still holding strong at 45% of global transactions today. Banks and payment networks are introducing new features like Click to Pay and Visa Flexible Credential to keep credit cards relevant in an increasingly digital world. By 2030, credit card transactions are expected to remain relevant at 56% of global payments.

Global Payment Trends

The table below shows how key payment metrics have evolved and where they are headed in the coming years.  Download the full worldpay GPR 2025 report for regional and country by country payment metrics here.

See:  Key Findings from 2025 Advanced Payments and Fintech Survey

Metric 2014 (Past) 2024 (Present) 2030 (Future Projection)
Global Digital Payments Share (E-com) 34% 66% 79%
Global Digital Payments Share (POS) 3% 38% 53%
Mobile Share of E-commerce Transactions 19% 57% 64%
Global E-commerce Value $1.2 trillion $6.8 trillion $10.8 trillion
BNPL Global E-commerce Value $2.3 billion $342 billion $580 billion
Global POS Transaction $ Value of Cash $16.1 trillion $5.6 trillion $5 trillion
Cash Share of Global POS Payments 44% 15% 11%
Credit Cards Share of Global Transactions 56% 45% 56%
Global Smartphone Users 1.2 billion 4.2 billion 6.1 billion

Why It Matters

While cash usage continues to decline, fintech innovations in payments such as digital wallets, real time payments, BNPL services, and government-backed national payment infrastructure are driving the future of how consumers will pay and transfer funds.

See:  Loop & EQ Bank Launch Multi-Currency Card for Canadian SMEs

Digital is most certainly taking over, by 2030 most transactions whether online or in store will be digital.  These changes are happening to meet the needs of evolving societies and changing economies prioritizing inclusion, convenience, and speed.  Just follow the money and you'll see.


The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with fintech, alternative finance, blockchain, cryptocurrency, crowdfunding 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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Nov 7, 2026 | Last Updated Nov 13, 2026 | NCFA Fintech Whisperer | Artificial Intelligence And Data, Capital Markets Infrastructure And Funding, Competition And Market Structure, Cross Border Payments And FX, Cybersecurity Fraud And Financial Crime, Digital Assets Blockchain And Tokenization, Digital Banking And BaaS, Embedded Finance, Insurance And Insurtech, Lending Consumer Credit And BNPL, Open Banking Open Finance And Data Sharing, Payments Infrastructure And Money Movement, Regulation And Policy, Risk Compliance And Regtech, SME Finance And Business Banking, Sustainable Finance ESG And Financial Inclusion, Treasury Liquidity And Cash Management, Wealthtech Investing And Trading NCFA Fintech Whisperer is a live weekly market intelligence page tracking financial technology and financial innovation developments that change how markets operate. Coverage spans NCFA's full financial innovation taxonomy, with Canada first and global developments included when they materially affect rules, market access, competition, capital, technology adoption, distribution, risk or execution. We focus on changes that founders, investors, financial institutions, regulators and operators may need to act on, not simply what's making headlines. This page is updated throughout the week as material developments emerge, then closed and archived before the next weekly window begins. Missed a prior week's Fintech Whisperer? Browse December 6 to 12, ...
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About NCFA Canada | Craig Asano | November 13, 2026 Featured Guest: ROB EIJGENRAAM, Founder, TokenMinds (LinkedIn) Rob Eijgenraam is the Founder of TokenMinds and Creator of TMX, a suite of blockchain and AI technology products. Based in Singapore, Rob helps established businesses outside the crypto industry develop token launches, fundraising strategies and Web3 products, with each project designed around a clear return on investment. An experienced entrepreneur with a background spanning Europe and Asia, Rob founded TokenMinds in 2017 during the early ICO boom. Over nearly a decade, he has navigated major crypto market cycles while expanding the company's capabilities in tokenization, blockchain development and AI-powered financial applications. Rob combines deep entrepreneurial experience with hands-on blockchain and AI execution. Working closely with CEOs, business owners and their advisors, he focuses on finding practical solutions that fit each company's commercial objectives and growth opportunities. About TokenMinds TokenMinds is an award-winning blockchain and AI firm that helps established businesses raise growth capital through token launches without giving up equity. Founded in 2017, TokenMinds has worked with more than 200 companies worldwide, supporting end-to-end solutions for token fundraising through innovative Web3 and AI strategies. Its services span tokenomics, fundraising strategy, investor outreach, blockchain development, token launches ...
Fintech Fridays S4E68 Rob Eijgenraam TokenMinds
Nov 13, 2026 Ask a Canadian player what separates a good gaming platform from an exasperating one these days, and the answer rarely touches graphics or bonuses: it comes down to how fast the money lands. Payout speed has turned into the real yardstick, and the gap between a strong operator and a frustrating one now gets measured in minutes rather than business days. None of this is cosmetic or a design question: the story runs through payment rails, identity checks and settlement systems buried well below the surface of any app, and it is quietly redrawing the map of where operators choose to fight for players. The bottleneck moved from the operator to the bank Operators used to wear the blame for slow cash-outs, accused of sitting on requests while players refreshed their screens, but most of that friction has since drifted somewhere else. Approve a withdrawal and a modern platform now clears it within seconds once identity is confirmed, so whatever lag remains tends to live in the banking layer, where money still moves through infrastructure built for a nine-to-five world of batch processing and shuttered weekends. The repair the country has been waiting on is national plumbing, ...
Digital payment technology supporting faster iGaming withdrawals and secure online transactions in Canada
Nov 12, 2026 Buying a Canadian money services business starts with identifying what the buyer will acquire: a legal entity, a registration history, contracts, records and possibly an active operation. The value of that package depends on whether it supports the services the new owner intends to provide. A FINTRAC registration entry is an important starting point. It does not establish the company’s financial condition, the quality of its compliance programme or the availability of banking relationships after an acquisition. A payment business may also need a separate assessment under the Retail Payment Activities Act, or RPAA. For investors evaluating a Canadian MSB company for sale, due diligence should connect registration status, actual activities, transaction structure and financial evidence before the parties agree a completion timetable. Verify the Canadian MSB registration and legal entity Begin with the target’s exact legal name, incorporation details, registration number and current status. Match the entity in the corporate documents to the entity in FINTRAC’s Money Services Business Registry. FINTRAC explicitly states that registration does not mean it endorses or licenses a business. It also states that it does not issue licences or certificates of registration. A sales presentation using the phrase “FINTRAC licence” should ...
AI illustration of a Canadian MSB acquisition due diligence checklist covering FINTRAC registration, RPAA compliance, ownership, financial review and banking relationships
November 12, 2026 | NCFA Fintech Market Insight | Digital Assets Blockchain And Tokenization, Capital Markets Infrastructure And Funding, Wealthtech Investing And Trading Strategy still runs a software business, but Bitcoin now dominates its assets and capital raising. MSCI no longer treats that balance as an index eligible operating company. November 11, 2026, MSCI confirmed Strategy’s removal from the MSCI USA and MSCI World indexes after the November 30 close under its new methodology for non operating companies. MSCI is one of the world’s largest index providers, and its benchmarks are followed by funds investing across global equity markets. Japan’s Metaplanet is also being removed from an MSCI index. MSCI has decided that Strategy no longer qualifies for its equity indexes because Bitcoin now dominates its assets and much of its capital raising. Strategy still sells software and reports operating revenue, but MSCI is drawing a line between a business that holds investment assets and one where those assets have become the main financial story. Why Is MSCI Removing Strategy From Its Indexes? MSCI first looked at a rule aimed specifically at digital asset treasury companies. It later dropped that proposal and change it's methodology to cover companies whose finances ...
AI illustration of Bitcoin and public company symbols representing Strategy’s removal from MSCI indexes and the financing model behind Bitcoin treasury companies
Nov 12, 2026 Crypto market cap is calculated by multiplying an asset's reference price by its circulating supply. A token priced at $2 with 50 million units circulating has a market cap of $100 million. The calculation estimates the value of that supply at the reference price; it does not total the money investors deposited. To understand a change in the ranking, examine both inputs and the provider's definitions. A larger number can result from price changes, supply changes, or revised reporting. Establish what the two inputs represent The arithmetic is simple, but neither input is self-explanatory. “Price” may be a reference assembled from selected trading pairs and venues, rather than the last transaction on the exchange you use. A provider may exclude observations or convert quote currencies. Two services can publish different estimates because their source selection and methods differ. Circulating supply is an estimate of units treated as available in the market under a provider's rules. It may differ from the number minted, the total recorded by a contract, or the maximum permitted under a protocol's current design. Locked balances, treasury allocations, burns, and scheduled releases require interpretation. A transparent methodology matters because identical arithmetic can still use ...
AI illustration of stacks of coins beside financial charts illustrating how cryptocurrency prices and circulating supply affect crypto market capitalization
November 11, 2026 | NCFA Fintech Market Insight | Artificial Intelligence And Data, Capital Markets Infrastructure And Funding, Risk Compliance And Regtech Financial firms are putting AI agents into production well before giving them broad financial authority. That creates time to set identity, permissions and transaction controls before autonomous execution becomes common. On November 11, 2026, Bank of England Financial Policy Committee external member Jonathan Hall used his final FPC speech to examine what happens when AI agents get more authority inside financial firms. A Bank of England and FCA survey of 196 firms found that 80% already deploy AI agents and another 14% plan to within 12 months. Only 2% reported agents with broad autonomy, and none of those were in trading and payments. Finance is adopting agents quickly, but firms are still keeping people and hard limits around the decisions that can change money, positions or customer outcomes. AI Agents Are In Finance But They Are Not Trading Alone The 2026 Bank of England and FCA survey separates four levels of authority: Decision support lets an agent recommend an action while a person decides and executes it. Constrained execution lets the agent act inside preset rules. Conditional autonomy ...
AI illustration of AI agents connected across a financial trading network, representing shared market behaviour, trading automation and financial stability risk
November 10, 2026 | NCFA Fintech Market Insight | Capital Markets Infrastructure And Funding, Entrepreneurs Startups Small Businesses, Equity Crowdfunding And Alternative Funding A small group of large rounds is carrying Canadian venture totals while deal count and growth stage financing remain well below recent norms. On November 10, 2026, the Canadian Venture Capital and Private Equity Association published its Q3 2026 venture capital report. Canadian companies raised $4.3 billion across 397 deals through September, only 1% less capital than a year earlier. But 23 rounds of $50 million or more represented just 6% of disclosed deals and absorbed 58% of all venture capital invested. Deal count has also fallen every year since 2021. The national total is holding up far better than the number of companies getting financed. Six Big Rounds Carried 59% Of Q3 Venture Capital Q3 produced $1.35 billion across 129 deals. Capital was 1% higher than Q2, but deal count fell 15%. Six rounds above $50 million accounted for $793 million, or 59% of the quarter’s capital. That's a decent quarter for the companies that closed those rounds, but a weak quarter for everyone else. Mega rounds above $50 million totalled $2.5 billion across 23 transactions ...
AI Illustration of large venture capital deals dominating smaller financings, representing concentration in Canada’s VC market
November 11, 2026 | NCFA Story Intelligence | Competition And Market Structure, Wealthtech Investing And Trading, Regulation And Policy Canada is cutting bank fees and switching barriers after years of weak competition, high concentration and poor productivity. On November 7, 2026, the federal government proposed something Canadian investors have complained about for years. Banks would no longer be allowed to charge most investment account transfer fees, which typically cost about $150 per account. Ottawa also wants clearer transfer information and tighter timelines for moving investments to another financial institution. The fee matters because leaving can already be slow and frustrating. Receiving firms often reimburse the outgoing charge to win the account. That means a fee collected by the institution losing the customer can become part of the acquisition cost for the institution trying to win that customer. Canada's six largest banks hold roughly 93% of banking assets. The Competition Bureau was warning about barriers facing fintech competitors in 2017. Ottawa began reviewing open banking in 2018. A federal advisory committee later recommended an operating system by January 2023 and warned that government should not delay. January 2023 came and went. Real Time Rail also slipped years beyond its first expected ...
Digital illustration of Canada bank transfer fee reform showing easier investment account switching, lower fees, open banking, payment infrastructure and stronger financial competition
November 10, 2026 | NCFA Fintech Market Insight | Digital Assets Blockchain And Tokenization, Capital Markets Infrastructure And Funding, Regulation And Policy Funds, Collateral And Settlement Lead Canada’s Near Term Tokenization Opportunity On November 10, 2026, the Canadian Securities Administrators published its Project Tokenization Phase 1 findings, setting out where Canadian market participants see the strongest commercial opportunities for tokenization and what regulators plan to test next. The report draws on 233 organizations, 21 bilateral meetings and 80 survey responses, along with workshops attended by 281 people in Calgary and 491 in Toronto. Participants put investment funds, private assets, collateral, treasury and settlement infrastructure ahead of public stocks as the strongest near term opportunities. The report also cuts through one of tokenization’s biggest sales pitches. Blockchain can change how an asset is recorded, transferred or settled, but it doesn't automatically create liquidity, investor demand, broader eligibility or stronger ownership rights. Those outcomes still depend on the product, market, legal structure and infrastructure around it. The CSA now plans to take specific projects into Phase 2 through a 120 day public call for proposals. Firms may be able to use existing regulatory processes, tailored regulatory treatment or bounded testing in a ...
Digital illustration of tokenized financial assets, blockchain settlement and legal infrastructure, representing Canada's investment funds and collateral markets.

 

iGaming Conference: Gathering for the Future of Online Entertainment

March 18, 2025

Freepik igaming dice

Image: Freepik

Introduction

The iGaming industry is one of the fastest-growing sectors in the world, driven by innovation, technology, and changing consumer behavior. As online casinos, sportsbooks, and gaming platforms continue to expand, industry professionals must stay ahead of trends, regulations, and emerging technologies.

This is where an iGaming conference becomes essential. These global events bring together industry leaders, game developers, regulators, and tech innovators to discuss the future of online gambling.

What is an iGaming Conference?

An iGaming conference is a professional event where industry experts gather to discuss the latest developments in online casinos, sports betting, esports, and gambling technology. These events typically feature:

🎤 Keynote speeches from industry giants
📈 Panel discussions on gaming trends, regulations, and market growth
🤝 Networking sessions for operators, affiliates, and service providers
🎮 Exhibitions showcasing the latest casino games and iGaming technologies
💰 Investment opportunities for startups and gaming entrepreneurs

iGaming conferences are held worldwide, attracting thousands of attendees from different sectors of the online gambling industry.

Top iGaming Conferences to Attend

There are several must-attend iGaming conferences that bring together the best minds in the industry. Here are some of the top events:

1. ICE London

📍 Location: London, UK
📅 Date: Annual (February)
🌍 Why Attend?
ICE London is the largest iGaming event in the world, featuring thousands of exhibitors, industry leaders, and gaming innovators. It covers casino gaming, sports betting, blockchain technology, and artificial intelligence in gambling.

2. SiGMA Europe

📍 Location: Malta
📅 Date: Annual (November)
🌍 Why Attend?
SiGMA (Summit of iGaming Malta) is a leading European iGaming conference focusing on gaming regulation, affiliate marketing, and emerging technologies like VR casinos and crypto gaming.

3. G2E (Global Gaming Expo)

📍 Location: Las Vegas, USA
📅 Date: Annual (October)
🌍 Why Attend?
G2E is the biggest gambling expo in North America, covering both land-based and online gaming innovations. It attracts casino operators, software developers, and investors from around the world.

4. iGB Affiliate London

📍 Location: London, UK
📅 Date: Annual (February)
🌍 Why Attend?
This event is perfect for affiliate marketers and digital advertisers in the iGaming industry. It focuses on SEO, lead generation, and affiliate partnerships for online casinos and sportsbooks.

5. SBC Summit

📍 Location: Barcelona, Spain
📅 Date: Annual (September)
🌍 Why Attend?
The SBC Summit is dedicated to sports betting and online gaming, covering payment solutions, responsible gambling, and AI-driven betting strategies.

Why Attend an iGaming Conference?

Attending an iGaming conference is more than just a business trip—it’s an opportunity to boost your knowledge, expand your network, and stay ahead in a competitive industry. Here’s why you should consider joining:

1. Stay Updated on Industry Trends

The online gambling industry is evolving rapidly with new technologies such as:
🔹 Blockchain & Crypto Casinos – Secure and anonymous betting options
🔹 Virtual Reality (VR) & Augmented Reality (AR) Casinos – Immersive gaming experiences
🔹 AI & Big Data in Gambling – Personalized gaming and fraud detection
🔹 Esports Betting – The booming market of competitive gaming wagering

2. Network with Industry Leaders

iGaming conferences bring together:
🤝 Casino operators looking for new game providers
🎮 Game developers showcasing innovative casino games
📈 Affiliate marketers seeking profitable partnerships
💳 Payment providers offering secure transaction solutions
🏛️ Regulators & legal experts discussing compliance and licensing

3. Discover New Business Opportunities

Whether you're launching a new online casino, looking for game suppliers, or expanding into new markets, iGaming conferences help you connect with potential partners and investors.

4. Learn from Expert Speakers

Industry veterans share their insights on:
📊 Market trends & forecasts
📜 Gambling regulations & compliance
🎰 Game development & innovation
💡 Affiliate marketing & traffic strategies

5. Experience Cutting-Edge Gaming Technology

From AI-powered chatbots for customer support to live dealer studios streaming in 4K, iGaming conferences showcase the latest advancements shaping the industry.

See:  The Best Payment Gateways in Canada: Top Picks for 2025

The Future of iGaming: Key Trends to Watch

The iGaming industry is constantly evolving, and these trends are set to redefine the future:

🔥 1. Rise of Crypto Casinos

More online casinos are integrating Bitcoin, Ethereum, and other cryptocurrencies for fast, anonymous transactions.

🎮 2. Growth of Esports Betting

With the popularity of games like CS:GO, Dota 2, and League of Legends, the esports betting market continues to expand.

🕶️ 3. Virtual & Augmented Reality (VR/AR) Gaming

VR casinos offer a realistic gaming experience, allowing players to walk through virtual casino floors and interact with live dealers.

🤖 4. AI & Machine Learning in Gambling

AI is being used to enhance player personalization, detect fraud, and optimize marketing campaigns.

📱 5. Mobile-First Gaming

With more players using smartphones and tablets, mobile-optimized casino platforms are now a top priority for operators.

Final Thoughts: Why iGaming Conferences Matter

The iGaming industry is one of the most dynamic and competitive sectors in the world. Attending an iGaming conference is an excellent way to stay informed, network with industry leaders, and discover new business opportunities.


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