Canada’s FinTech Prominence Bodes Well for National Bitcoin Industry

‘The FinTech industry has done a great job at positioning Canada high up on the global scale,’ Gerald Cotten, CEO of Canadian Bitcoin exchange Quadriga. CA, tells CCN.
He adds:
We are quite thrilled to see how our country has been embracing this emerging industry and innovation. Lots of great minds that are following through with an execution.
Canada’s Commissioner of Competition, John Pecman, discussed October 6th 2016 the link between competition and innovation. The Commissioner suggested new disruptive technologies challenge not only traditional business but, as well, regulatory models.
‘Competitive intensity fosters innovation’, said the Commissioner, who noted that competition forces business to be better in a general sense through ‘competitive intensity.’ Curious as to the state of the industry in the nation, the Bureau of Competition in Canada embarked upon a Fintech market study in May, interviewing more than 50 industry stakeholders, including more than 20 Fintech start’ups.

This post was published at Crypto Coins News on 25/10/2016.