Blockchain certificate, banks pay for referees, 3iQ vs OSC ruling & creative returns
In this weeks issue:
Innovation and Market Insights:
Creative Returns: China has taken aim at the P2P lending space by forcing these lenders to wind down their operations. It would appear that promising outsized returns, that fail to materialize can sometimes turn into social unrest. What happens when apartments in ghost cities start to show some price sensitivity?
Bank of Kalanick: In a trend that seems all too common these days, platforms with sizable scale are looking to create new products and services for their customers. Or in the case of Uber, their contractors. In a move reminiscent of some seen in Asia, Uber will be providing a financial suite of products to their drivers and some.
Banks Pay for Referees: The Ombudsman to Banking Services and Investments (OBSI) was created to expedite disputes between the banks and customers. So why have the banks abandoned the office for new intermediaries they now pay for directly? The solution is Open Banking.
Virtual Payment Instrument: Cryptocurrencies are getting another look from Finance Canada with some new draft legislation. Those crypto assets that qualify as virtual payment instruments may be exempt from future HST/GST requirements.
Bitcoin Moby Dick: In a stunning development, somebody came to the conclusion that a certain crypto exchange with a certain stable coin and a whale might just be behind the Bitcoin move in 2017. Say it ain’t so.
Fintech Sandbox Tool: “Randee Pavalow, shares her expertise in securities regulation and supervision in this video. The webinar features issues such as the ecosystem and importance of regulatory flexibility, challenges for innovators due to regulation, and challenges for regulators dealing with Fintech solutions with a special focus on sandboxes.”
In the News:
Begins Nov 28: Osgoode Blockchain Certificate
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