Tausi Insider

Samuel Bankman-Fried, founder and CEO of FTX, testifies during a Senate Committee on Feb. 9. SAUL LOEB/AFP/Getty Images Blair Wiley is chief legal officer of Wealthsimple, which offers cryptocurrency trading. Critics are quick to suggest that events like the recent collapse of FTX Ltd. make crypto a Wild West, without the regulatory oversight we take for granted in other industries. But in fact, in Canada, we do have a regulatory framework for crypto and it’s been working, and working well. Canadians are affected by the insolvencies of the Bahamas-based FTX, and New Jersey’s Celsius before it, largely because those companies have been operating in the country without conforming to its regulatory framework. It’s estimated that total losses from FTX could exceed US$10-billion, spread across a million creditors, including in Canada. More needs to be done to bring these foreign platforms under our regulatory framework and fast, otherwise Canadians will continue being victim to poor actor...

Opinions expressed by Entrepreneur contributors are their own. One of the first lessons I learned as founder and CEO of Truly Free is that meaning well does not guarantee success. Years ago, when we were a startup, I had it in my mind that all I needed to be successful was an unshakeable vision to make a positive social impact, a must-have product, not a nice-to-have product and an easy-to-use website. Reality dispelled that notion quickly. Anyone new to ecommerce learns quickly that having a website doesn't mean website traffic just appears. Basic logistics, however, forced us to reconsider everything — the cost to ship our natural laundry detergent costed as much as the product itself. We went back to the beginning. This didn't mean simply finding a solution to the immediate problem, although that was central to our effort. We started with our business's core goal: providing a safe product for families, especially children and those with specific ...

Finance Minister Chrystia Freeland and Prime Minister Justin Trudeau bump elbows after the federal government unveiled COVID-19 spending plans. Sean Kilpatrick/The Canadian Press Jason Clemens and Jake Fuss are economists with the Fraser Institute. An Auditor-General’s report recently cited billions in questionable spending in Ottawa’s management of handouts related to COVID-19. But while the report certainly raises questions (again) about competence, it should not mislead Canadians into believing that such failure is unique to the Trudeau government. We’ve seen much of the same from previous administrations. This is a larger problem of systemic government failure . This new assessment is damning indeed. Auditor-General Karen Hogan found $4.6-billion in overpayments to ineligible recipients, and recommended that the government investigate the nature of another $27.4-billion in spending. The AG also criticized Ottawa for failing to require social insurance numbers for workers in fi...

Opinions expressed by Entrepreneur contributors are their own. Inexperienced founders and first-time entrepreneurs who are excited about entering the realm of entrepreneurship often find themselves focused on "not important right now" items. You can generally tell when an entrepreneur is falling for the non-important. Their focus gets drawn out over a longer than necessary period of time for things like branded clothing, business cards and the proper titles. There is a flow of priorities in business that are always at play, and when you're building a business, it is crucial not to waste resources on non-important right now priorities. To clarify the point, let's look at a general overview of priorities broken down between experienced and inexperienced entrepreneurs: Inexperienced order of objectives: Figure out a name See if it's available File to incorporate Wait for incorporation to go through, then get a business bank account Get a logo ...

Finance Minister Chrystia Freeland and Prime Minister Justin Trudeau bump elbows after the federal government unveiled COVID-19 spending plans. Sean Kilpatrick/The Canadian Press Jason Clemens and Jake Fuss are economists with the Fraser Institute. An Auditor-General’s report recently cited billions in questionable spending in Ottawa’s management of handouts related to COVID-19. But while the report certainly raises questions (again) about competence, it should not mislead Canadians into believing that such failure is unique to the Trudeau government. We’ve seen much of the same from previous administrations. This is a larger problem of systemic government failure . This new assessment is damning indeed. Auditor-General Karen Hogan found $4.6-billion in overpayments to ineligible recipients, and recommended that the government investigate the nature of another $27.4-billion in spending. The AG also criticized Ottawa for failing to require social insurance numbers for workers in fi...