Travis Toews Usa Britain Australia Canada Alberta Legislature Tech cryptocurrency Travis Toews Usa Britain Australia Canada

Alberta bill proposes regulatory ‘sandbox’ to help financial tech companies grow

Reading now: 985
globalnews.ca

Alberta is proposing rules that would make it easier for entrepreneurs to test products in the emerging field of cryptocurrencies and online banking.

Finance Minister Travis Toews says Bill 13, the Financial Innovation Act, that is before the legislature calls for setting up what is known as a regulatory “sandbox.” Companies would be allowed to temporarily break or ignore select financial rules and regulations under close government supervision to test new programs.

Companies would also be able to get access to Albertans’ private information, but only within strict parameters and only with that person’s permission. Read more: Fintech credit card space is growing.

Here’s what you should know Toews says the “sandbox” is being used in the United States, Australia and the United Kingdom to help create tech jobs and to keep those regions on the cutting edge of financial technology.

Read more on globalnews.ca
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA