Financial Post. October 2, 2019.

Stability’s important, but Canada needs to take more chances with fintech

Ryan Clements, assistant professor at the University of Calgary Faculty of Law and consultant to the Alberta Securities Commission (ASC), writes:
A harmonizing bright spot is the CSA fintech “sandbox,” which created a national “testing space” for firms to operate with regulatory relief under bespoke supervision. The CSA sandbox has helped launch, among other initiatives, ZED Network’s blockchain-based “foreign exchange remittance network system,” and Token Funder’s platform for issuing “tokenized” securities. A national sandbox doesn’t yet exist in the U.S. SEC Commissioner Hester Peirce has said she doesn’t want regulators “sitting” next to entrepreneurs as they “grab hold of the shovels and buckets.” So far in Canada, regulatory meddling in entrepreneurial decisions seems not to have been a problem, although it would be nice to have more sandbox participants.

Learn more about TokenFunder’s Canadian regulatory leadership:

TokenFunder announces Canada’s first Security Token Exempt Market Dealer