Fintech in Canada Q2 2024
Written By Matt Flynn, Simon Grant and Kwang Lim
June 17, 2024
From the enactment of Canada's Consumer-Driven Banking Act to the U.S. Securities and Exchange Commission's (SEC) investigation into Ethereum 2.0, Canada's fintech landscape is in a state of constant evolution. Our Q2 2024 update provides a deep dive into crucial regulatory developments affecting the industry, identifying key guidance to help navigate these intricate regulatory changes seamlessly. Key topics include:
- open banking and its implications for fintechs in Canada;
- the Bank of Canada's enforcement regime for retail payments fintechs;
- administrative monetary penalties for violations under the Retail Payments Activities Act; and
- the outcome of the SEC investigation into Ethereum 2.0.
Bennett Jones