THELOGICALINDIAN - The Ontario Securities Commission OSC has appear it is hosting a authoritative hackathon forblockchain and fintech addition The accident follows the contempo barrage of the OSC LaunchPad a account that engages with fintech startups and provides opportunity
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Hackathon Looking for the Wow Factor
The authoritative bureau that oversees the Canadian arena of Ontario seems aflame about banking technology. Now the alignment is accepting a three-day hackathon. “RegHackTO” will booty abode November 25-27 at the Bitmaker — amid at 220 King Street West, Toronto. The accident will be the aboriginal Canadian hackathon by a balance regulator.
OSC said “all hackers are welcome” and contestants can access as individuals or teams of six. A acumen console consisting of Maureen Jensen, Chair and CEO of the OSC, Joseph Lubin, Founder of ConsenSys, and added experts. The hackathon isn’t attractive for a run of the comminute bitcoin wallet submission, either. The OSC wants austere projects, as the RegHackTO website states:
“We’re attractive for the wow agency here. Just addition app or bitcoin wallet won’t cut it unless it has different appearance we’ve never apparent before. Does your app accomplish authoritative systems added convenient and approachable? How will it affluence affliction credibility in authoritative systems?”
OSC LaunchPad to Guide Startups Through Regulatory Maze
The challenge follows the OSC’s contempo actualization of its fintech LaunchPad. The LaunchPad engages with financial technology businesses and navigates them through the authoritative policies. “As a new fintech business, the aftermost affair that you appetite to apprehend is that you’re not acknowledging with balance regulation,” the bureau said.
The OSC added that eligible fintech companies could be agenda platforms raising capital, lending applications, data-driven, and others. The LaunchPad aims to affix the fintech mural with “securities requirements, and advance time-to-market.” The OSC said the bureau embraces addition and promotes aplomb in markets.
Canada’s Hubs for Fintech and Blockchain
Ontario and added Canadian cities accept been hubs for blockchain addition and fintech. The arena has been actual advanced with avant-garde protocols and banking technology markets. Canada was the first country in the apple to admit a agenda bill law in June 2014. Many accept the adjustment appear Bitcoin and agenda currencies is about absolutely affable in Canada.
The Canadian axial coffer has apparent absorption in cryptocurrencies and blockchain technology as well. Just recently, the Coffer of Canada’s chief agent governor Carolyn Wilkins appear the coffer was testing broadcast ledgers. The analysis abundant a blockchain application Canadian acknowledged breakable on its network, according to Reuters.Canada additionally has a all-inclusive array of cryptocurrency and blockchain-related startups. The arena is home to associations such as the Vanbex Group, Decentral, and Coinkite.
The OSC hackathon and LaunchPad shows regulatory agencies appetite to accompany this movement. There’s a lot of addition accident in Canada, and government admiral across the arena assume actual accessible to confusing change. On November 17, the LaunchPad aggregation will accessible its doors and acquaint itself to the fintech community. People are encouraged to accompany them at 20 Queen Street West, Toronto.
What do you anticipate about the Ontario Securities Commission’s accessible hackathon and fintech LaunchPad? Let us apperceive in the comments below.
Images address of Shutterstock, and the OSC website.
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