Bidali's CEO Named Head of CBC FinTech Committee & Leading an Industry Roundtable on digital-asset Regulation

Posted by Cory Smith on April 4th, 2020

Coming off our recent response to the Canadian Securities Administration (CSA) Staff Notice 21-327 Guidance regarding regulating digital-asset businesses, we have two important announcements to make:

1. Our CEO Becomes the Head of the CBC FinTech Committee

Our CEO, Eric Kryski, has been named the Chair of the newly formed Canadian Blockchain Consortium (CBC) FinTech Committee! Don't worry, he's not going anywhere with Bidali. In this new part-time role he will be working with blockchain businesses, lawyers and regulators from across Canada to share information on new developments and help provide guidance on regulations at the intersection of blockchain and finance.

If you wish to participate in the FinTech Committee you can submit your request here: https://www.canadablockchain.ca/join-committee/.

2. Eric is Leading a National Roundtable

It seems our joint letter with 4 other platforms to CSA staff did some good! They have agreed to meet with various digital-asset businesses to hear feedback as a first step to more open collaboration with industry! 🎉

Eric, as part of this new role with the CBC, will be leading this nationwide round-table on April 6th, between regulators and digital-asset industry members to discuss how we can collaborate and make progress towards creating a regulatory framework for digital-asset businesses in Canada, that can hopefully become and global standard. There will be more than 80 people in attendance across more than 60 different organizations. This is a huge step forward!

Stay tuned for updates here.

Keep on keeping on,

Cory & The Bidali Team

Bidali App

Send money anywhere and earn instant cash back.

Buy Gift Cards

Buy gift cards from thousands of top brands around the globe.

Products
Company
Resources
Policies
© Bidali Inc. 2024. Website Version: v3.1.8
†Bidali Cash is a closed-loop, prepaid, stored-value instrument, similar to a digital e-gift card. Bidali Cash is issued solely by Bidali and represents pre-purchased credit at Bidali that is redeemable for goods and services offered on the Bidali Platform. Bidali Cash is denominated in official government issued currency (such as CAD or USD). Bidali Cash has no cash value, and is not redeemable for cash. Bidali Cash is issued as a cryptographically secured rewards token on a distributed ledger in order to improve fraud, loss, and theft prevention. Your Bidali Account Balance is not a deposit account which means that your Bidali Cash account balance will not be protected by the Canadian Deposit Insurance Corporation ("CDIC") or Federal Deposit Insurance Corporation ("FDIC") in the United States. By using the Bidali Services you acknowledge that the purchase of Bidali Cash is a commercial transaction whereby you are purchasing non-refundable stored value credit, akin to a gift card or voucher, for use on the Bidali platform. As such, your purchase of Bidali Cash should not be misconstrued for a bank deposit, loan, or purchase of a derivative or security. For more details please review our Terms of Use.
The merchant as well as its owners and affiliates ("Brand"), for whom gift cards, mobile airtime, and other products and services are available within the Bidali Services, are not sponsors of Bidali, the Bidali Services, or otherwise affiliated with Bidali other than through a reseller or affiliate marketing relationship. The logos and other identifying marks attached are trademarks of and owned by each represented merchant. For complete terms and conditions, please read the merchant's own gift card terms and conditions. Gift card trademarks and copyrights belong solely to the merchant.