FintekNews met Kevin Hobbs of Vancouver’s Vanbex Group long before ICOs were in the mainstream lexicon, and now that firm has completed their own very successful ICO and are continuing to offer their blockchain services for other firms as well. Vanbex is headquartered in Vancouver, an incredibly beautiful city, as many may know, and very unique because of its connections with the US, European & Asian financial communities. Because of proposed US crackdowns on ICOs (yet to come), Hobbs believes Canada has a once in a lifetime opportunity to overtake Silicon Valley and grab hold of what he believes will become a trillion dollar industry. US regulators take note. We believe in thoughtful, not draconian, regulation of the cryptocurrency markets for America, and other countries – including our neighbors up north – are well into this game already with brilliant minds like Hobbs leading the way.
“Vancouver could become the centre of the exploding blockchain and cryptocurrency market, industry insiders say.
Cyptocurrencies have benefited from a surge in popularity over the past year. Matthew Unger, founder and CEO of iComply Investor Services Inc., a Vancouver-based company that developed a platform to automate regulatory and legal compliance for cryptocurrencies, called 2017 “the year of the cryptocurrency explosion.”
With growing popularity and increasing crackdowns by global regulators, many in the tech sector are asking how Vancouver and the rest of Canada can capitalize on crypto.
Cryptocurrency, a digital-based system of money, uses cryptography to securely process and verify transactions. The system relies on distributed databases called blockchains, which it uses as a public ledger comprising large numbers of decentralized transactions.
“We have a once-in-a-century opportunity to regulate blockchain technology in a favourable way, and we can be home to what will be a trillion-dollar industry,” said Kevin Hobbs, CEO of Vanbex Group, a Vancouver-based financial technology (fintech) firm. “If we get the regulators and the government on our side for the future we could be the next Silicon Valley, or bigger.”…
Full Story at BIV.com