2018

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What you need to know about mandatory reporting of breaches of security safeguards

Sep 17, 2018

On September 17, 2018, the Office of the Privacy Commissioner of Canada (OPC) published draft guidelines on mandatory breach reporting under the Personal Information Protection and Electronic Documents Act (PIPEDA).

The guidelines are intended to assist organizations in meeting their breach reporting and record-keeping obligations under PIPEDA’s mandatory breach reporting regime, which comes into force on November 1, 2018. Organizations have until October 2, 2018 to provide feedback on these draft guidelines.

Review the press release and draft guidelines on the OPC's website and a summary on Blakes Businness Class' website.

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What's in a bitcoin?

Feb 15, 2018

Bitcoin is the name of by far the most well-known cryptocurrency based on blockchain technology and has paved the way towards the implementation of smart contracts and related applications.

But what's in a bitcoin? What's in a Smart Contract? And what is an Initial Coin Offering?

Read these article to learn more about cryptocurrency based on blockchain technology.

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Why Blockchain Isn’t a Revolution

Jun 20, 2018

On June 20, 2018, the Wharton School published an opinion piece by Kevin Werbach, Wharton professor of legal studies and business ethics, where explains the differences among the three groups that comprise this technology: cryptocurrency, blockchain and cryptoassets.

The three communities share a basic set of design principles and technological foundations, but the people, goals, and prospects are almost completely distinct. Those involved don’t help much by sniping constantly about which is the “real” movement.

Review the full opinion piece on Wharton School's website.

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Winds of change: The case for new digital currency

Nov 14, 2018

On November 14, 2018, the International Monetary Fund (IMF) released a speech by Christine Lagarde, IMF Managing Director, given at the Singapore Fintech Festival.

In her speech, Ms. Lagarde discusses the following topics:

  • The changing nature of money and the fintech revolution
  • A case for Central Bank Digital Currencies
  • Downsides of Bank Digital Currencies

She states that while the case for digital currency is not universal, we should investigate it further, seriously, carefully, and creatively. More fundamentally, the case is about change—being open to change, embracing change, shaping change. In the world of Fintech, we need to harness change so it is fair, safe, efficient, and dynamic.

Review the full speech on the IMF's website.

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