Canada's Consumer-Driven Banking Act (CDBA) has become law. It was enacted on June 20, 2024, when Bill C-69, the Budget Implementation Act, 2024 received royal assent....more
As we highlighted in our last quarterly Fintech update in 2023, a new regulatory framework under the Retail Payments Activities Act (RPAA) will soon affect all retail payment service providers (PSPs) doing business in Canada....more
As we highlighted in our Quarterly Fintech Update in 2023, a significant development in the Canadian retail payments industry is forthcoming within this year—namely, the implementation of a new regulatory framework under the...more
This series features insights on timely issues shaping the fintech industry, addressing critical subjects industry participants must consider in the areas of financial regulation, securities, commercialization of IT, AI,...more
11/10/2023
/ Artificial Intelligence ,
Banking Sector ,
Canada ,
Canadian Securities Administration ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Popular
Welcome to Bennett Jones' quarterly Fintech in Canada update, where our fintech lawyers address timely issues shaping the industry. We look at what industry participants need to know in the areas of financial regulation,...more
Welcome to Bennett Jones' quarterly Fintech in Canada update, where our fintech lawyers address timely issues shaping the industry. We look at what industry participants need to know in the areas of financial regulation,...more
4/17/2023
/ Acquisitions ,
Banking Sector ,
Canada ,
Corporate Finance ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Innovative Technology ,
Mergers ,
Popular ,
Tax Reform ,
Technology Sector
Fintechs and other entities that contract with federally regulated financial institutions (FRFIs) should be aware of the possibility of more stringent requirements regarding risk management in their commercial...more
The Significance and Implications For Persons Engaging With Cryptocurrencies and Digital Assets -
A series of protests and blockades in Canada against COVID-19 mandates and restrictions, called the "Freedom Convoy" by...more
Companies that provide financial services in Canada, including fintech companies and credit unions, should be aware of a provision in the federal Bank Act that restricts their ability to use words such as "bank", "banker" or...more
Blockchain, the peer-to-peer distributed ledger technology introduced in 2008 to support Bitcoin, has lately attracted attention for its potential uses in areas unrelated to the virtual currency. A recent Harvard Business...more