On October 25, 2022, the Ontario Securities Commission announced an 18-month pilot that provides a prospectus exemption that gives Ontario investors with qualifying education or work experience access to increased investment opportunities. The exemption also gives businesses headquartered in Ontario access to a new source of capital.
There are emerging and novel legal questions about how a DAO may be subject to regulatory or legal action. DAOs lack legal status in most of the United States, and, as a result, may be considered, by default, as a general partnership, with each member potentially having unlimited liability for its actions.
Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Category Archives: Online Funding / Investing Portals
Chainanalysis Shows Binance Processed $8 Billion Iranian Transactions Despite Sanctions
Reuters | Angus Berwick and Tom Wilson | Nov 7, 2022
Image: Retuers
Crypto giant Binance has processed Iranian transactions with a value of $8 billion since 2018 despite U.S. sanctions intended to cut Iran off from the global financial system, blockchain data show.
- Almost all the funds, some $7.8 billion, flowed between Binance and Iran's largest crypto exchange, Nobitex, according to a review of data from leading U.S. blockchain researcher Chainalysis.
See: US Treasury of Foreign Assets Control Sanctions Virtual Currency Mixer (First Time Ever)
- In August 2021, Binance announced that customers would no longer be able to open accounts and use its services without identification. But since then, the exchange has processed almost $1.05 billion in trades directly from Nobitex and other Iranian exchanges, according to the Chainalysis data, which runs to November of this year. Since Zhao's tweet in July, Binance has processed around $80 million in Iranian trades.
- The data reviewed by Reuters show that in total some $2.95 billion in crypto moved directly between Iranian exchanges and Binance since 2018.
- A further $5 billion in crypto moved between Iranian exchanges and Binance through layers of intermediaries, the data also reveal.
- Reuters is making available here the data for direct transactions since August 20, 2021, amounting to around $1 billion.
- Tron: Three-quarters of the Iranian funds that passed through Binance were in a relatively low-profile cryptocurrency called Tron that gives users an option to conceal their identities. In a blog post last year, Nobitex encouraged clients to use Tron - a mid-tier token - to trade anonymously without "endangering assets due to sanctions."
- Investigation: The new findings come as the U.S. Justice Department is pursuing an investigation into possible violations of money-laundering rules by Binance, which dominates the $1 trillion crypto industry, with over 120 million users.
See: An Analysis of Bitcoin’s Use in Illicit Finance
- Sanctions: Six lawyers and sanctions experts said the Iranian transactions documented by Reuters put Binance at risk of U.S. "secondary" sanctions, designed to prevent non-U.S. firms from doing business with sanctioned entities or helping Iranians evade the American trade embargo. Secondary sanctions can choke off a company's access to the U.S. financial system.
- Binance could also be exposed to direct "primary" sanctions if the company has what the U.S. Treasury Department calls a "nexus to the United States," the lawyers and experts said. Such links can include any U.S.-incorporated entities, or transactions processed through the U.S. financial system or using the dollar, they said. Treasury didn't respond to a request for comment.
Continue to the full article --> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Binance vs. FTX: Clash of the Titans | CZ Selling FTT Tokens | The Story of SBF’s Backroom Binance Deal and Lessons Learned | Binance Drops Bid to Save Rival | Developing…
Crypto News Flash | Ibukun Ogundare | Nov 7, 2022
In a recent tweet, Binance CEO Changpeng “CZ” Zhao disclosed that he would sell off the FTT tokens in his possession. He explained that Binance received about $2.1 billion in the form of BUSD and FTT tokens last year. The amount was received while the cryptocurrency firm was exiting its partnership with FTX, Alameda’s sister company. FTX and Alameda Research are top exchange and trading platforms owned by Sam Bankman-Fried. Despite the explicit explanation made, the Binance boss did not state the exact amount of FTT tokens remaining on his books.
He further disclosed that the action would be carried out gradually to help minimize market impact. CZ wrote:
…Due to recent revelations that have come to light, we have decided to liquidate any remaining FTT on our books. We will try to do so in a way that minimizes market impact. Due to market conditions and limited liquidity, we expect this will take a few months to complete.
See: How Does Binance Shape the Market
In response to CZ’s tweet, Caroline Ellison of Alameda Research tweeted that her company’s financial health is stronger than the leaked balance sheet. In addition to that, she proposed to buy the FTT tokens from Binance for $22 each.
Why is Binance planning to sell its FTT tokens?
Before CZ’s announcement, a balance sheet belonging to Alameda Research was leaked. The balance sheet revealed that Alameda had $5.8 billion of FTT tokens, as recorded on June 30. It also shows that Alameda currently has $14.6 billion in assets and $8 billion in liabilities, including $7.4 billion in unidentified loans. Perhaps CZ feared FTT would take the path of Terra’s Luna Crash.
After the circulation of the leaked balance sheet, the CEO of Alameda Research gave a few notes about the info. She said the circulating balance sheet is meant for the company’s corporate entities and that over $10 billion of assets were not reflected there. She buttressed that some hedges were not listed and a gross amount of the loans had been settled.
Continue to the full article --> here
Binance vs. FTX: Clash of the Titans
Arcane Research | Nov 8, 2022
Friction between the two most influential crypto exchanges has escalated throughout 2022. It has reached hostile levels in the last couple of days following the release of a Coindesk article related to Alameda Research’s (FTX subsidiary) assets and liabilities. We elaborate on the necessary details on page 6. The key takeaway from the entire ordeal is that FTX is facing an ongoing bank run caused by Binance and its CEO, Changpeng Zhao (CZ), actively selling FTT and racing concerns related to the financial health of FTX.
FTT has fallen from $26 to lows of $15 over the last seven days, experiencing an initial push south following a Coindesk article. FTT has since experienced massive news-driven volatility. Speculative interest in FTT has exploded amid the drama. Open interest relative to market cap sits at 7.65% compared to 2.8% last week. The growing open interest has been accompanied by massively negative funding rates at Binance and Bybit, suggesting a substantial demand for shorting FTT. This could be a potent environment for a squeeze.
See: Binance CEO’s net worth make him (at least) the world’s 11th richest person currently
We view the risks of FTX insolvency as minimal and comparisons between FTT and the LUNA/UST mechanism as fundamentally wrong, as the structure of FTT, is utterly different from the demand dependency of LUNA/UST. However, we view it as likely that this event might have a long-term reputational impact on FTX and possibly generate hedging-related selling pressure in BTC.
Download the full research report --> here
Coindesk | Daniel Kuhn | Nov 8, 2022
Binance, after exacerbating a bank run on rival crypto exchange FTX, offered to buy out the jewel in SBF's crown.
- FTX Agrees to Sell Itself to Rival Binance: We may never know how close Sam Bankman-Fried’s (SBF) crypto empire came to collapse, or the collateral damage that would have caused for the industry, but we do know the principal risks at play.
- The deal, still subject to due diligence processes and not completed, is a stopgap measure to save SBF’s crypto exchange from insolvency. It will likely calm markets that had been rocked by a public rift between two crypto titans so well-known as to go simply by their initials.
- Bank runs and withdrawals: can be self-fulling prophecies. Although several analysts said it was unlikely that either FTX or Alameda would suffer a margin call, investors began pulling funds, concerned their capital would be locked up in bankruptcy proceedings like with neobanks Celsius and Voyager Digital.“
- Alameda will never be able to cash in a significant portion of FTT to pay back its debts,” Mike Burgersburg, an independent market analyst for Dirty Bubble Media, which was early to call the collapse of Terra/LUNA, said.
See: Voyager Digital Faces Delisting from the TSX and Files For Bankruptcy
- Bankman-Fried and Alameda CEO Caroline Ellison did what they could to calm investors’ nerves, offering to mitigate a steep selloff of FTT by offering CZ $22 per token. That’s what he said in public. For CZ, the bigger concern was what was said behind closed doors, “[W]e won’t support people who lobby against other industry players behind their backs,” the Binance CEO tweeted this weekend. This was CZ’s attempt at being “transparent,” he said, explaining a large transaction of over $500 million FTT tokens to Binance made the day before.
- He announced Binance would be selling these tokens into the open market, and drew a worrying comparison to LUNA, another project Binance was early to back that later collapsed after a bank run. CZ was seizing the moment caused by market uncertainty, after Alameda Research’s financials were leaked to CoinDesk.
“[R]egardless of how it ends, it’s another blow against the industry (and financial institutions in general) simply for a lack of voluntary transparency, but it’s another giant check mark for the transparency of blockchain data and the skilled researchers trained to uncover, read, and interpret this data,” Jeff Dorman, chief investment officer at crypto hedge fund Arca, said.
Continue to the full article --> here
Cointelegraph | Luke Huigsloot | Nov 8, 2022
In a Nov. 8 tweet, Zhao laid out two learnings after the significant “liquidity crunch” at FTX, which has ultimately resulted in a non-binding letter of intent from Binance to acquire the struggling exchange.
Two big lessons:
1: Never use a token you created as collateral.
2: Don’t borrow if you run a crypto business. Don't use capital "efficiently". Have a large reserve.
Binance has never used BNB for collateral, and we have never taken on debt.
Stay #SAFU.
— CZ Binance (@cz_binance) November 8, 2022
See: We’re Creating Machines That We Cannot Control
While Binance does not currently disclose proof of what reserves it uses as collateral, Zhao mentioned in a Nov. 8 tweet that in an effort to be fully transparent Binance will soon provide proof of reserves, adding:
“Banks run on fractional reserves. Crypto exchanges should not.”
Continue to the full article --> here
CNN Business | | Nov 9, 2022
In an abrupt reversal, cryptocurrency exchange Binance pulled out of a deal to acquire its embattled rival FTX, saying the company’s problems were “beyond our control or ability to help.”
- Binance, the world’s largest crypto exchange, said it reviewed FTX’s finances as part of the due diligence process, and it cited reports of “mishandled customer funds and alleged US agency investigations” in announcing the deal was off.
See: Canadian Government Begins Crypto Consultations with Digital Asset Stakeholders
- Without a bailout, FTX is poised to collapse, along with the rest of Bankman-Fried’s vast crypto empire. According to the Wall Street Journal, Bankman-Fried told investors Wednesday that he needs emergency funding to cover a shortfall of up to $8 billion due to withdrawal requests received in recent days.
- According to Bloomberg, the meltdown of FTX has is already under investigation by the Securities and Exchange Commission and the Commodity Futures Trading Commision. The site reported that the regulators are investigating whether FTX properly handled customer funds, citing people familiar with the probe.
Continue to the full article --> here
The Impact and Fallout: Developing Story
Most of FTX's Legal and Compliance Staff Quit
The U.S. securities regulator is investigating crypto exchange FTX.com's handling of customer funds amid a liquidity crunch, as well its crypto-lending activities, a source with knowledge of the inquiry said on Wednesday.
Sequoia Capital writes off its FTX investment
Ontario Teachers invested twice in FTX, taking part in each of its $400 million Series C rounds and its $420 million USD round from last October.
Bahamian regulator freezes FTX assets
White House response 'Prudent crypto regulations is needed
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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OSC Pilot: New Self-Certified Investor Prospectus Exemption
Fogler Rubinoff | Oct 28, 2022
On October 25, 2022, the Ontario Securities Commission announced an 18-month pilot that provides a prospectus exemption that gives Ontario investors with qualifying education or work experience access to increased investment opportunities. The exemption also gives businesses headquartered in Ontario access to a new source of capital.
- Instrument: The new exemption is set forth in Ontario Instrument 45-507 Self-Certified Investor Prospectus Exemption (Interim Class Order) (the “Class Order“) and was ordered under subsection 143.11(2) of the Securities Act (Ontario).
- Annual Investment Limit: Self-Certified Investors, and their “permitted designates”1, will be subject to a $30,000 annual limit on all purchases under the Class Order. The $30,000 limit is based on the aggregate acquisition cost, after giving effect to the distribution, of all securities acquired by a Self-Certified Investor, and any permitted designates, under the Class Order in the calendar year. These purchases can be allocated to one or multiple issuers.
See: CSA Responds to the Modernization Taskforce Final Report and Encourages Ontario to Adopt Passport Rule to Eliminate Unnecessary Burden
- Pilot period: The Class Order came into effect on October 25, 2022 and remains in effect until the earlier of:
- April 25, 2024, unless extended by the Ontario Securities Commission, or
- The effective date of an amendment to National Instrument 45-106 Prospectus Exemptions that addresses substantially the same matter as the Class Order.
- The Class Order mirrors a similar prospectus exemption adopted in Alberta and Saskatchewan on March 31, 2021. Its adoption in Ontario is part of an effort to explore regulatory responses to the Modernization Taskforce’s recommendation to expand the Accredited Investor prospectus exemption to individuals that have demonstrated a high degree of understanding of investments and markets.
- Resale Restrictions: The Class Order states that the first trade of a security acquired under the Class Order is subject to section 2.5 of NI 45-102 Resale of Securities. That is, securities purchased pursuant to the Class Order will be subject to a 4-month restricted period before the securities become freely tradeable.
Continue to the full article --> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Travelling to Canada? Don’t Miss A Trip To These Casinos!
Oct 25, 2022
Image: Pexels/Javon Swaby
Canada is a huge tourist destination, attracting millions of tourists every single year. There are plenty of different hot spots and sights to see, especially if you’re a fan of hitting the felt tables and looking for a great spot to play some hands of poker.
If you’re looking for popular slot games to play and places to visit, we’ve got you covered! Take a look at this short guide on the top land-based casinos you can find in Canada next time you hit the Great White North.
Casino De Montreal
You’ll find this huge joint in Montreal’s Notre Dam. Casino De Montreal is one of the largest casino resorts not just in Canada - but the entire planet! It’s often seen as one of Canada’s busiest tourist hotspots and regularly attracts over 18,000 people a day when it’s the peak season.
There are plenty of reasons people visit the resort and it’s not just to hit the slots - which there are over 3,000 of. You've also got 100+ table games to enjoy and it even houses a special poker area that has 18 separate poker tables.
If you're a big poker player there are plenty of tournaments held here, as well as tons to do when you’re away from the table. These extra activities include four different restaurants and luxury bars - so you can party and play the tables on the same night if you so choose to.
Casino Niagara
Yet another popular tourist hotspot, as the name suggests the casino is based right next to Niagara falls in Ontario.
It’s a big resort - over 96,000 square feet - with over 40 different table games to enjoy that include popular hits like Blackjack, Roulette, Baccarat and Spanish 21. You can also find 26 poker tables if you’re a fan.
Casino Niagara also has a built-in sports section, meaning you can also bet on your favourite team. As you can probably guess, this makes it extremely popular for not just casino fans, but sports fans as well. Couple this with the live performances and you're practically in Vegas!
Caesars Windsor
Caesars is almost a household name when it comes to gambling and it makes sense that they would set up shop in Canada. The Caesars hotel and casino is just a smidge over the American border in Windsor.
Thanks to the huge name you’re going to find some of the latest and greatest casino games and software, including cutting-edge slots, 16 different poker tables to play on and sports betting bar.
They even have AI integration with their hotel, so you can have your own personal butler right on your phone.
Casino Rama
Located on the reserve of Chippewas, Rama, the casino first began its operations in 1996 and has been a popular spot in Rama, Ontario ever since. This casino is well acknowledged for its famous interactions with people on social media, so if you’re planning to visit be sure to inspect their Instagram page to see if there are any special offers you can grab!
The casino and hotel is a huge complex, with over 2500 slot machines and over 100 card games for players to participate in every night. You can also unwind in the on-site spa or enjoy food from one of the many dining establishments. In our opinion, having spa and dining facilities is going above and beyond to try to offer amazing customer service.
The only thing missing from Casino Rama is a dedicated Texas Hold ‘em game, so if you’re a massive fan of that you may be a little disappointed.
River Cree Casino & Resort
Set in the scenic location of Greater Edmonton, the River Cree casino is renowned for its private high-stakes games - if you’re a big player, you may want to check it out. Aside from the high-stakes games, there’s plenty on offer such as the 1300+ slots or 40 table games.
The casino has some of the best customer feedback of any land-based casino outside of the main gambling hubs as the service is second to none. There are also daily competitions if you want to test your skill and also free loyalty cards if you're planning a long trip.
Conclusion
Canada is a great destination to visit no matter what you're after. Whether it be the bustling city life of one of the main cities like Toronto has to offer or the spectacular wildlife of the reserves.
See: 9 Consumer Trends Currently Impacting the Gaming Industry
But it’s also great for those who like to spend some time hitting the casinos, as our list shows! If you are planning a trip for the winter time, layer up nice and warm and expect lots of snow. In summer, you should be fine.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Germany Challenger Bank, N26, Enables Crypto Trading with BitPanda Integration
TechCrunch | Romain Dillet | Oct 20, 2022
Image: N26
Challenger bank N26 is launching a new trading feature in its app — N26 Crypto. Users will be able to easily trade crypto assets using money in their N26 account. Behind the scenes, N26 is partnering with Bitpanda to handle trading and custody.
- N26 is going to slowly roll out N26 Crypto across Europe. At first, only some users in Austria will be able to access the new feature. Other countries should get the feature at some point over the next six months.
- Crypto trading: N26 will let you buy, sell and hold 100 different crypto assets. The startup plans to add another 94 crypto assets later down the road. And I’m sure the company will expand to stocks and other asset classes soon.
- N26 plans to charge 1.5% for bitcoin trades and 2.5% for all other cryptocurrencies. That’s the same fee that users pay in Bitpanda’s own app.
- Users who pay €16.90 per month for N26 Metal will pay 1% and 2% in transaction fees on bitcoin and other cryptocurrencies respectively.
See: N26 addresses neobank’s culture struggles
- The main advantage with N26 Crypto is that it is directly tied with your existing bank account. You don’t have to upload money to a different trading account, switch to the Bitpanda app (or another app) and then start trading.
Continue to the full article --> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Ooki vs CFTC: Emerging Questions on Legal and Tax Status of DAOs
Freeman Law | Andrew Mirisis | Oct 13, 2022
There are emerging and novel legal questions about how a DAO may be subject to regulatory or legal action. DAOs lack legal status in most of the United States, and, as a result, may be considered, by default, as a general partnership, with each member potentially having unlimited liability for its actions.
- DAOs legal status in the U.S.: The lack of legal status in most of the United States is a significant liability risk to the DAO’s participants. DAOs unlike their traditional legal entity counterparts are only recognized as legal entities in three states: Vermont, Wyoming, and Tennessee. Each of these states allows the DAO to register as a type of LLC.
- It is unclear if a DAO may enter into a contract or conduct traditional business activities.
- It is also unclear on what basis and how a DAO should be taxed. Should the IRS treat this emerging legal entity, by default, as a partnership? If so, how would Schedule K-1’s be issued since one of inherent features of a DAO is token holders anonymity? Absent a centralized structure, how would each participant receive aggregate information regarding the DAO’s activities (and their share thereof to be reported on a tax return)?
- Finally, there are basic litigation issues under Federal Rules of Civil Procedure such as how can a party serve the DAO with a summons, discovery, notices, or motions?
See: CFTC Enforcement Action Against Ooki DAO Outrages One of Its Own Commissioners (and Crypto)
- CFTC v. Ooki DAO: On October 3, 2022, the United States District Court for the Northern District of California entered an order (the “Order”) granting the United States Commodities Futures Trading Commission’s (“CFTC”) motion to serve members of the “Ooki” DAO (formerly d/b/a/ bZx DAO) with a summons through online communications.
- Specifically, the court granted the CFTC’s motion for alternative service on Ooki DAO and ruled that the CFTC effectively served Ooki on September 22, 2022, when the CFTC provided a copy of the summons and complaint through Ooki’s DAO help chat box as well as contemporaneous notice by posting the summons on Ooki’s online forum.
- CFTC sued Ooki on September 22, 2022, alleging that the DAO, through its decentralized blockchain-based software protocol, illegally offered leveraged and margined retail commodity transactions in digital assets, engaged in activities that only registered futures commission merchants can perform, and violated the Bank Secrecy Act.
- Who was caught in the summons? The CTFC’s complaint seeks to impose legal liability on each Ooki DAO token holder that voted as part of the Ooki DAO’s governance process. The CFTC also did not make a distinction between token holders that specifically voted to engage in alleged illegal activities and those who did not.
- The legal theory is likely that the exercise of the right to vote is an indication that the token holder participated in the governance of the DAO and if that governance resulted in illegal activity, that token holder should be held individually liable for their role in the collective DAO governance decision.
See: BoE Speech by Carolyn Wilkins on DeFi Governance Limits and Opportunities: Get Up, Stand Up!
- What's next? Ooki DAO has until October 13, 2022, to respond to the complaint otherwise the CFTC may win a default judgment against the token holders that voted as part of the Ooki DAO governance process. If this happens, another novel legal issue that will emerge will be how will the government enforce the judgment on the DAO?
- Implications: While decentralization may provide many technological benefits it comes with significant risk as it may introduce unlimited legal liability for any token holders that participate in the DAO governance process. This may be a headwind to the proliferation of Web3, DAOs, and other technologies that rely on decentralization. Additionally, the outcome of the Ooki case may spur additional state legislation to recognize DAOs as a subset of an LLC to limit the potential liability of token holders that participate in a DAO’s governance.
Continue to the full article --> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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How do Online Casino Technologies Allow You to Win More?
Oct 23, 2022
Image: Unsplash/Kaysha
Do you love the thrill of gambling? Do you wish you could win more often? If so, you need to learn about the latest online casino technologies. They allow casinos to track their playing habits and adjust the odds in their favor.
However, there is no need to worry – there are still ways for you to win! This article will discuss how online casino technologies work and how you can use them to your advantage.
The Impact of New Technology on the Online Casino Industry
In recent years, there has been a surge in the popularity of best online casinos in Canada. The advent of sweet bonanza slots has allowed people to enjoy casino bonuses and play games from the comfort of their own homes. This is mainly because new technology has made gambling more accessible than ever before.
The rise in popularity of online casinos has occurred with the increased use of smartphones for earning in online casinos. This growth can be attributed to several factors, including the wider target market, the more extensive variety of online casino games, better chances of winning, live dealer games, top-notch graphics and audio, and a higher level of security.
Wider Target Market
Smartphones have allowed people to gamble anywhere and at any time. They no longer have to be in a physical casino or even at a computer. All they need is an internet connection, and they can access their best payout online casino Canada. This convenience has made online casinos more accessible and has resulted in a broader target market.
Variety of Online Casino Games
In addition to reaching a wider audience, online casinos also offer a greater variety of games than their brick-and-mortar counterparts. Slot machines, blackjack, roulette, poker, and sports betting are just some of the many games that can be played online. This variety appeals to both experienced gamblers and those new to gambling.
Higher Opportunity of Winning
Another advantage is that they often offer better odds than traditional ones. This is because there is less overhead involved in running an online casino. They can afford to give back more money to their players through winnings. This makes playing at an online casino more lucrative than playing at a land-based one.
Live Dealer Games
Live dealer games are another feature that is unique to online casinos. These games allow players to communicate with a live dealer in real-time through a camera. This adds an element of fun and excitement to the game that cannot be found anywhere else.
Top-Notch Graphics and Audio
It offers top-notch graphics and audio, making the gaming experience even more enjoyable. Whether it's the realistic animations of the slots or the immersive sound effects of the live dealer games, players will be blown away by the level of detail and realism on offer.
High Level Of Security
In addition to all these great features, using your phone devices for online games also provides a higher level of security than their offline counterparts. Players can rest assured that their personal and financial information is safe when playing at an online casino. The latest encryption technology protects player data from being accessed by third parties. This gives players peace of mind that their information is safe and secure.
How Online Casino Technologies Can Help You Win More
The increasing popularity of online casinos has brought about several changes in how these platforms operate. In particular, there have been significant advances in the technologies used by online casinos to deliver a more immersive and exciting experience for players. Here are just a few examples of how technologies can help you win more:
1. No Deposit Bonus
One of the most valuable tools at your disposal is the no-deposit bonus (ndb). Online casinos such as ilucki, wild fortune, and Bitkingz offer ndb casino as a way to attract new players. These bonuses give you free credits to use at the casino and can be a great way to boost your bankroll.
Of course, you'll need to be careful with no-deposit bonuses, as they often come with strict wagering requirements. But if you're smart about using them, they can be a powerful tool for increasing your winnings.
2. A Wider Range of Games
One of the most obvious ways these technologies have improved is the range of games on offer. Thanks to advances in software and design, players can now enjoy a vast array of games, from classic slots and poker to more innovative offerings such as augmented reality blackjack.
3. Better Odds
With so many different casinos competing for business, online platforms have had to up their game when it comes to offering attractive odds for players. As a result, you now have access to a wide range of games with boosted odds and increased rewards.
4. Progressive Jackpots
Another area where online casino technologies have significantly impacted is the realm of progressive jackpots. These jackpots keep growing each time they are not won, meaning they can reach staggering sums of money. Thanks to this, players now have the opportunity to win life-changing amounts of real money simply by playing their favorite games.
Strategies to Win More at Online Casinos
The online casino industry is competitive, and there are many ways to increase your chances of winning.
Slowing down on slots is one strategy that can help. Online slots are typically fast-paced and exciting, but this can also work against the player. By taking the time to spin the reels more slowly, you give yourself a better chance of lining up winning symbols and hitting the jackpot.
Another way to improve your odds of winning is to take the odds into account. Many games, such as blackjack and roulette, have distinct odds that favor the house. However, by being aware of these odds and betting accordingly, you can improve your chances of earning.
See: Is Crypto Useful For Online Casinos?
Finally, it is important not to chase losses when gambling at online casinos. It can be tempting to keep trying your luck after a losing streak in hopes of breaking even or getting ahead, but this is often a recipe for disaster.
If you lose more than you can afford, it is best to take a break and come back another day. Following these strategies can give you a better chance of winning big at online casinos.
Conclusion
In conclusion, technologies have significantly impacted the industry as a whole. They have allowed casinos to become more efficient and increase their profits while giving players the chance to win more rewards. Many different strategies can be used when playing at an online casino, but using the latest technologies is undoubtedly one of the best ways to ensure success. We hope you enjoyed this article and wish you luck in your future gaming endeavors.
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