Paytech regulation in Canada

will be sharply increased, if a bill — already having passed first reading in the House of Commons — becomes law. About a two minute read.

Comment: we’ve talked about an incumbent led crackdown on Fintech in the past. JP Morgan’s Jamie Dimon seems to be the most visible critic of the light-touch regulatory model towards Fintechs, but having spoken with many contacts I can tell you its pervasive. And likely will intensify, until the existing regulatory arbitrage between Fintechs and incumbents is eliminated. Get the popcorn.