Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
Category Archives: Online Funding / Investing Campaigns
CMCC Global Unveils $100M Titan Fund for Web3
Capital | Oct 10, 2023
CMCC Global, a prominent blockchain and Web3 investment firm in Asia, has unveiled a $100 million USD Titan Fund, a venture capital fund dedicated to fostering Web3 companies.
The fund has successfully hit its initial fundraising target, securing USD100m in its first close, with a strategic focus on investing in blockchain companies' equity. Titan Fund will channel investments into early-stage startups across three key sectors: Infrastructure, Fintech, and Consumer applications, which includes gaming, metaverse, and NFTs.
With Asia being a hotspot for blockchain deals, the Titan Fund is strategically placed to capture value in the region, anticipating a surge in mainstream adoption of blockchain technology in the coming years.
Block.one (B1) has emerged as the anchor investor, committing a substantial USD50m to the fund, alongside other notable investors like Richard Li's Pacific Century Group and Winklevoss Capital. In addition to being an anchor investor, B1 will also become a minority shareholder in CMCC Global's holding entity, aligning strategic potential for both entities.
See: Kaiko CEO Predicts Hong Kong as the Next Crypto Hub Due to US Crackdown
The fund will be managed by a new managing partner, Yen Shiau Sin, formerly of B1, and a team comprising Investment Principal Jonathan Cheung, and CMCC Global's Co-founders Charlie Morris and Martin Baumann.
The Titan Fund, administered by State Street and audited by EY, is positioned as an institutional-grade fund and is managed by Fintech Investment Group Limited, a subsidiary of CMCC Global.
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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Ether Futures ETFs Launch. VanEck Commits 10% to Developers
Crypto | Oct 3, 2023
Image: Unsplash/DrawKit Illustrations
Three U.S. investment managers, ProShares, VanEck, and Bitwise Asset Management, have launched the first futures-based exchange-traded funds (ETFs) tied to the value of ether, the world's second-largest cryptocurrency.
A total of six new funds allow investors to engage in exchange-traded products based on ether for the first time.
- BitWise Ethereum Strategy ETF (AETH), 0.85%
- Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP), 0.85%
- ProShares Ether Strategy ETF (EETH), 0.95%
- ProShares Bitcoin & Ether Equal Weight Strategy ETF (BETE), 0.95%
- Bitcoin & Ether Market Cap Weight Strategy ETF (BETH), 0.95%
- VanEck Ethereum Strategy ETF (EFUT), 0.66%
On their first day of trading, the funds experienced trading volumes totaling $1.92 million. These funds vary by strategy, structure, and cost, and more ETFs tied to ether futures are expected in the future.
See: Historic Nod from Regulators. Coinbase Secures Approval for Crypto Futures Trading
The ProShares Ether Strategy ETF was the largest single fund, with trading valued at $878,560.
The launch of these ETFs does not indicate a change in the SEC's position on spot bitcoin ETFs, which continue to face significant regulatory challenges
The SEC has historically denied all spot Bitcoin ETF applications, citing concerns over investor protection from market manipulation.
VanEck commits to donate 10% of all Ether futures ETF profits to Ethereum’s core developers for a decade.
VanEck’s decision to financially back Ethereum’s core developers, specifically the Protocol Guild, is a testament to the firm’s belief in the symbiotic relationship between traditional finance (TradFi) and decentralized finance (DeFi).
This initiative not only underscores the importance of supporting the developers who are the backbone of the cryptocurrency’s infrastructure but also sets a precedent for other asset managers to follow. The Protocol Guild, comprising over 150 developers, has been instrumental in maintaining and advancing Ethereum’s core technology, thereby facilitating the growth and stability of the Ethereum blockchain.
See: The Race for Ethereum Futures ETF Applications
Other crypto-native communities and platforms, including Lido Finance, Uniswap, Arbitrum, Optimism, ENS Domains, MolochDAO, and Nouns DAO, have also extended their support to the Ethereum network in various capacities. Over the past few years, core developers have received contributions totaling over $12 million, which are then judiciously distributed among its members based on their contribution periods.
A Long Time Coming
The launch of Ether futures ETFs by VanEck, ProShares, and Bitwise Asset Management heralds a new era in the integration of cryptocurrency within traditional investment avenues, providing investors with novel opportunities to delve into the digital asset space.
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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Safe And Fast: Check Gambling Deposits Via OSKO PayID
Sep 29, 2023
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.
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:
- 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.
- Choose a binding method. Phone number or email – choose wisely because there is only one code per person.
- 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.
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.
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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The Rising Popularity of Online Casinos in Canada
Sep 25, 2023
Image: Unsplash/Brooke Cagle
As we delve deeper into the digital age, industries worldwide are reshaping to accommodate the surge in online activities. One such industry is the gambling industry, and the proliferation of online casinos in Canada is an ideal illustration. One of the best reflections of this shift is Ontario’s flourishing virtual gambling sector, typified by the impressive variety of best Ontario online casinos. Before hitting the bell and spinning the wheel, we will take a closer look at the world of online casinos, focusing on Canada's landscape.
Understanding the Shift
Life is increasingly revolving around smartphones and computers, and so are many recreational activities. As a result, more persons are choosing to play games online, including casino games. Why visit a brick-and-mortar casino when virtual gambling promises accessibility, convenience, and an equal amount of thrill from the comfort of one's home? The global pandemic significantly accelerated this shift. Many casinos had to close doors for weeks, if not months, to prevent the spread of the virus. Gamblers turned to the web out of necessity. As lockdowns were relaxed, physical casinos reopened, but many were surprised to find that players did not return in droves. It seemed the convenience of online play had won the hearts of gamblers who had realized they could still get the full casino experience in the digital realm.
The Canadian Scenario
Canada is no exception. The country has savored a steady rise in the popularity of online casinos since the early 2000s. This uptick can be attributed to the legal framework that makes it possible for each province to license and regulate gambling in their jurisdiction. However, although online casinos are not explicitly authorized, Canada’s Criminal Code does not prevent local residents from wagering at websites run by offshore operators — that appear in grey areas of legislation. Nevertheless, the preferred model across provinces has been to establish provincially-run online casinos, such as the Play OLG in Ontario.
Ontario as a Case Study
Online casino operation in Ontario is much more efficient than in many jurisdictions worldwide, making Ontario a leading province for online casinos. Interestingly, Ontario has its crown corporation — the Ontario Lottery and Gaming Corporation (OLG) — running the virtual gambling scene. However, government officials have recently emphasized the need for competition. Ontario is preparing legislation that would enable private-sector companies to apply for licenses to operate virtual casinos within the province. This shift denotes that the market in Ontario will experience exponential growth, making it fertile for businesses looking to capitalize on this burgeoning online casino economy.
Advantages and Challenges
Online casinos in Ontario are attractive to players for several reasons. For one, they offer a wide range of games from slots to poker to 'live dealer' games. Also, online transactions are secure, allowing players to deposit and withdraw funds safely. Nonetheless, the rise of online casinos in Canada and specifically Ontario, is not without its challenges. Perhaps the most glaring one is the issue of gambling addiction. Virtual casinos are so convenient that they can lead to excessively compulsive behaviors. Another challenge comes in the form of privacy and security. Players share sensitive personal and financial information online, which could be subject to hacking and other malicious cyber activities if not adequately protected.
Future of Online Casinos in Canada
Despite the hurdles, the future of online casinos in Canada appears promising due to technological advancements and changing consumer habits. The focus will likely be on striking the balance between promoting a healthy and responsible gambling culture while effectively dealing with the challenges highlighted above, particularly addiction. The Government would do well to implement actionable regulations to enhance secure online transaction methods, increase casino game developers' diversity, and encourage a balanced mix of entertainment and responsible play.
Wrapping Up
In conclusion, the advent and proliferation of online casinos in Canada, typified by the best Ontario online casinos, represent a significant sea change in the way people gamble. Though the shift to online casinos raises several issues, with the right legislative plans and industry regulations, Canada’s online casino industry could continue to thrive. One of the fascinating things about this shift is that it is in tune with the broader digital-first approach that has become more prevalent during the pandemic.
See: Aviator as an online gambling game
As we advance into an increasingly digital age, the shift to online is almost unavoidable for numerous industries, and the casino sector, particularly in Canada, is not immune.
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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Birth of the First AI-Generated Memecoin, AstroPepeX (APX)
Crypto | Sep 22, 2023
Image: Unsplash/KS KYUNG
The cryptocurrency landscape is no stranger to innovation, and the latest entrant is a testament to that. The birth of AstroPepeX (APX).
An anonymous Ethereum developer has recently unveiled a unique approach to creating digital tokens: using artificial intelligence. The developer, known by the Twitter handle @CroissantEth, has combined OpenAI’s ChatGPT API with a custom script, enabling the chatbot to autonomously create an ERC-20 tokenthat's rapidly gaining traction across various DeFi and centralized exchanges.
The developer's AI tool doesn't just create any token; it crafts an ERC-20 token using Open Zeppelin standards. Open Zeppelin is a renowned open-source framework for constructing secure smart contracts. These contracts are written in Solidity, Ethereum's programming language. The AI determines the token's name and other parameters based on values provided by GPT in the code's constructor. The first public token launched using this tool is AstroPepeX (APX).
See: Fund Tokenization: Fractional Issuance, Streamlined Redemption, and Servicing Benefits
Launched on September 20, 2023, APX has seen an impressive ascent. Impressively, within just 24 hours of its introduction, AstroPepeX accumulated a staggering $12.9 million in trading volume. The token's name wasn't arbitrarily chosen. ChatGPT generates names based on real data from the top ten thousand tokens traded on Uniswap. It then cross-references these names with market-cap data from CoinMarketCap and CoinGecko. Some of the bot's test runs produced coins with names like "Inuverse" and "QuantumPepe", hinting at popular memecoins and concepts like Dogecoin and the metaverse.
Etherscan data indicates that over 2,400 individuals now hold APX, with more than 20,700 transactions recorded.
AI's Creative Touch and Rapid Adoption
The developer, Croissant, shared insights with Decrypt, revealing the AI's surprising creativity. "The number of Pepe generations were quite funny, and it was super cool to see where GPT actually input real creativity in the data," he remarked. He further explained that while some token specifics, such as token supply, can be directly configured, others are left to ChatGPT's imagination. After determining a name and description for the coin, ChatGPT collaborates with DALL-E, another OpenAI tool, to design a fitting icon for the token.
The crypto community has quickly embraced AstroPepeX. Prominent exchanges like Poloniex, Bitget, MEXC, LBank, and select DeFi platforms now list APX for trading. Poloniex, in particular, was swift to promote the token's listing, highlighting the buzz around APX.
Safety and Security
To ensure the integrity of the process, Croissant designed his tool to revoke ownership of any contract generated by ChatGPT immediately. Additionally, all token supply is added to Uniswap liquidity upon creation, accompanied by 2 Ether (ETH).
See: From Meme to Movie: GameStop’s Unprecedented Stock Surge ‘Dumb Money’
While AstroPepeX has garnered significant attention, CroissantETH has clarified that there isn't an official Telegram group for the token. An unofficial group with around 1,500 members exists, but APX's creator emphasizes transparency and the importance of official communication channels.
Onslaught of New Memecoins?
With such a promising start, APX is undoubtedly a token to watch in the dynamic world of digital assets.
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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From Harvard Dropout to Hedge Fund Maven with Eva Shang
Alternative Investing | Sep 15, 2023
Image: Unsplash/Sortter
In the vast ocean of investment opportunities, traditional assets like stocks and bonds have long been the go-to choices for many investors. However, the investment landscape is evolving, and alternative investments are gaining traction.
One company that stands out in this realm is Legalist, co-founded by the young and dynamic Eva Shang as featured in a recent interview with GoBankingRates. The young co-founder and CEO of Legalist, a hedge fund that uncovers technology-driven alternative investments that grew her fund from an initial $10 million to nearly $1 billion.
Inspiring Backstory in a Male-Dominated Industry: Eva Shang (with no formal investment training) and fellow Harvard University dropout Christian Haigh launched Legalist with a splash in 2016 when she was 20, then struggled for years to attract backers.
“I don’t blame them,” Ms. Shang said about the investors who swiped left on Legalist. “If I were an allocator, there would be no reason to take a 20-year-old dropout with a computer seriously.”
Initially, Eva and her co-founder Christian aimed to profit from court cases using proprietary technology. However, they soon realized the potential of alternative investments and pivoted their business model.
See: Why is venture capital still ignoring women? The case for investing is clear.
Shang believed that alternative assets offer a unique advantage as they are not directly tied to the broader economy. While these assets offer promising returns, accessing them can be challenging for individual investors.
The fundamentals of what our company does is [that] we look in government databases, and we crawl through millions and millions of government records to look for alternative investment opportunities in a few different areas that we cover that are disproportionately likely to be successful or to need financing.
Pioneering a New Investment Frontier
Legalist, under the leadership of Eva Shang, has carved a niche for itself in the world of alternative investments.
- Eva Shang and her team at Legalist believe in the power of diversification. By focusing on alternative investments, they aim to provide their clients with unique opportunities that are not correlated with the broader market. This strategy can offer stability during economic downturns and potentially higher returns during boom periods.
- Shang views these alternative assets as complements to traditional investments.
- They offer a hedge against market volatility, ensuring that portfolios are not solely dependent on the performance of stocks and bonds.
See: Largest Early-Stage Fintech Fund for Women-led Companies: Anthemis’ Female Innovators Lab
While many hedge funds diversify their portfolios with a mix of traditional assets, Legalist has taken a contrarian approach, focusing on three primary areas: litigation finance, bankruptcy, and government contracts.
1. Litigation Finance - Betting on Justice
- Litigation finance, also known as legal financing or third-party litigation funding, involves investing in lawsuits. Legalist identifies cases with a high likelihood of success and invests in them. If the case wins, the company earns a return on its investment.
- Successful cases can offer substantial returns, often higher than traditional investments.
- The outcome of a lawsuit is based on its merits and legal arguments, not based on stock market performance or economic conditions.
2. Bankruptcy Investments - Finding Value in Distress
- When companies face financial turmoil and enter bankruptcy, their assets, including equipment, land, and other properties, need to be sold. Legalist invests in facilitating this sales process. Once the assets are sold, Legalist earns a return, often with a healthy margin.
- The investment is backed by tangible assets, providing a safety net.
- While bankruptcy spells trouble for the company involved, it can be a lucrative investment opportunity for those who know how to navigate it.
3. Government Contracts - Capitalizing on Pending Payments
- Legalist also ventures into financing government contracts. If a company has secured a government contract but hasn't been paid yet, Legalist lends money against that contract. Once the government fulfills the contract's payment terms, Legalist receives its investment back along with a profit margin.
- Governments are generally reliable payers, ensuring a steady return on investment.
- The risk of default is minimal, especially when dealing with stable governments.
Conclusion
Eva Shang's journey from a Harvard dropout to the helm of a successful hedge fund is nothing short of inspiring. Her ability to blend technology with human judgment sets Legalist apart in the competitive world of litigation finance.
See: The Shift to Alternative Assets: Overcoming Barriers and Exploring Opportunities
With trailblazers like Eva at the forefront, the future of hedge funds and alternative investments looks promising.
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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Support NCFA by Following us on Twitter!Follow @NCFACanada |
SEC Charges ‘Stoner Cats’ For Selling $8M of Unregistered Crypto Securities
Enforcement | Sep 15, 2023
Image: Unsplash/Wayne Low
The U.S. Securities and Exchange Commission (SEC) has taken action against the creators of the popular animated web series, Stoner Cats.
What Are Stoner Cats?
Stoner Cats is a popular adult animated web series that has garnered significant attention in both the entertainment and crypto worlds. The concept of "Stoner Cats" involves house cats that gain sentience after being exposed to their owner's medical marijuana. This marijuana is used to alleviate the symptoms of early Alzheimer's disease. The series released six episodes from July 2021 to December 2022, and boasts a cast of well-known actors, including Jane Fonda, Mila Kunis, Ashton Kutcher, Seth MacFarlane, and Chris Rock.
See: LA-Based Entertainment Company, Impact Theory, Faces SEC Charges Over Unregistered NFT Securities Offering
The creators introduced a unique concept where the Non-Fungible Tokens (NFTs) provided holders with exclusive access to watch the series online. These NFTs were marketed as tickets, with the idea being that the more successful the show became, the more valuable the NFTs would be.
Over 10k NFTs Sold in 35 Minutes
On July 27, 2021, SC2 offered and successfully sold over 10,000 NFTs at approximately $800 each, raising a staggering $8 million from investors. This sale was completed in a record 35 minutes. The NFTs were marketed as a ticket to the Stoner Cats web series, with the promise that the success of the show would directly correlate with the success of the NFTs.
Charge and Settlement
The SEC has formally charged Stoner Cats 2 LLC (SC2) for conducting an unregistered offering of crypto asset securities in the guise of NFTs. This move by the SEC was aimed at ensuring that the creators of Stoner Cats adhered to the federal securities laws. Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, emphasized that regardless -of the nature of the offering, it's the economic reality that determines its classification as an investment contract and, consequently, a security. The SEC's primary concern was that Stoner Cats marketed its expertise in crypto projects and led investors to believe they would profit from selling the NFTs in the secondary market.
See: SEC Chair Gensler’s Mixed Feedback at Senate Hearing
Without admitting or denying the SEC’s findings, SC2 has agreed to a cease-and-desist order. They will also pay a civil penalty amounting to $1 million. As part of the settlement, SC2 has committed to destroying all NFTs in its possession and will publish a notice of the order on its official platforms.
The SECs Regulation by Enforcement Continues
This case underscores the SEC's increasing scrutiny of the rapidly evolving NFT space. The regulatory body aims to ensure that firms involved in the production or trading of digital assets adhere to the necessary securities laws. The Stoner Cats case serves as a reminder that while the world of NFTs offers immense potential, it is not exempt from regulatory oversight.
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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