DIGITAL FINANCE INSTITUTE LAUNCHED AS A GLOBAL CENTER OF EXCELLENCE TO ADVANCE DIGITAL FINANCE POLICY AND REGULATION, INNOVATION AND INCLUSION
Toronto and Vancouver, Canada; November 25, 2014—The Digital Finance Institute announces its launch, to provide thought leadership and regulatory guidance on the global explosion of digital financial technology, ensure that regulatory approaches are balanced, support the growth of fintech innovation, mitigate the financial inclusion problem worldwide, and keep women involved in fintech.
“With the evolution of the Internet of Things and Bitcoin, for example, fintech is developing at an incredible pace globally, and it’s important that we start balancing innovation and regulation, to ensure that economic development in this area can thrive, without overly burdensome regulation and without causing more of a financial inclusion problem around the world,” says Christine Duhaime, co-founder of the Digital Finance Institute (DFI) and a prominent regulatory and counter terrorist financing lawyer in Canada.
“As we add regulatory requirements to financial transactions, including in the fintech, we negatively impact venture capital funding, stifle innovation and force greater numbers of people out of the banking system globally, especially women and people living in poverty. We already have hundreds of thousands of First Nations people who are financially excluded, in Canada alone, and that has to be resolved. It’s time to go back to the drawing board on financial regulation to achieve a better balance, fix financial exclusion problems and to bring women into that dialogue in a meaningful way,” she said. “The place to start is with fintech’s innovative platforms, because they are unregulated as yet.”
“Our aim is to become a globally recognized center of excellence, in digital finance policy and regulation, and to include ways to address financial inclusion with digital finance, actively linking and supporting industry, government, policy makers, financial regulators and academia through thought leadership and dialogue,” says Manie Eagar, co-founder and Chairman of the Digital Finance Institute.
The DFI will be a collaborative enterprise, bringing together stakeholders from interest groups, academia and the public and private sectors to be the bedrock for global emerging efforts in this critical area.
“Our aim is to become a globally recognized centre of excellence in digital finance.”
Co-founders Christine Duhaime, Co-founder of the Digital Finance Institute, is a financial regulatory lawyer in Canada and an author and international speaker. She is an anti money-laundering specialist, with expertise in financial regulation, digital financial services, and products (such as Bitcoin), terrorist financing, bribery, money-laundering law, and regulated industries such as casinos. She is the author of the world’s first legal text on Bitcoin and digital finance.
Manie Eagar, Co-founder and Chairman, has been heavily involved in digital value inter-exchanges, mobile media delivery platforms and digital finance, including cryptocurrency and Bitcoin ventures. He has supported a number of digital currency startups, growth accelerators, mergers and acquisitions, VC tie-ups and alignments with regulatory compliance. He is a director of the Bitcoin Alliance of Canada, and a member of the Global Bitcoin Alliance and Bitcoin Foundation, respectively.
Manie is a global investment, mergers and acquisitions executive with over 30 years of international experience and deep skills in the startup, investment management and VC space. With Christine Duhaime he founded the DFI to make a vital contribution to the digital finance community globally at every level of its development and deployment and finally integration with the financial and retail ecosystems. Manie has worked extensively in emerging markets and understands the needs of the financially underserved and excluded, and ‘underbanked’ populations.