10/30/2018
Cryptoassets Taskforce: final report
It provides an overview of cryptoassets and DLT, assesses the associated risks and potential benefits, and sets out the path forward with respect to regulation in the UK.
Legal,Regulation,Tax & Compliance
10/29/2018
SEC Cracks Down on Cryptocurrency Investor Registrations
The SEC’s legal action states that Crypto Asset Management solicited $3.6 million from just 44 private investors, most of whom were individuals.
10/29/2018
Innovation on the Agenda as Guernsey IoD Seminar Explores Shape of Things to Come
Together the panel will share their experience and knowledge of how innovation and technological disruption has impacted every industry and every economy around the world – including Guernsey.
10/29/2018
SEC issues warning on renegade ICOs
An SEC investigation found that there have been posts on social media platforms
10/29/2018
Hong Kong Strengthens User Protection For E-Wallets
In order to provide more comprehensive protection to users, the above refined process will apply to direct debit services conducted through both FPS and non-FPS channels.
10/29/2018
Stablecoins Not to be Considered Cryptocurrencies: Japan’s FSA
The entire world is demanding more stablecoins and is considering them as a bridge between fiat and virtual currencies.
10/28/2018
Deloitte advises Pillar Technology in its sale to Accenture
Deloitte assisted in all aspects of the transaction including the due diligence process and negotiation of the transaction.
10/25/2018
Fintech development and regulation highly variable across Europe
“Whilst in the majority of surveyed markets, Fintechs have to operate under the same regulatory framework, some countries (e.g. Austria, Italy, Poland) exhibit deficiencies in this regard."
10/24/2018
Taming the wild west: the future of crypto-asset regulation
On 12 September 2018, the House of Commons Treasury Committee (the Committee) published its report on crypto-assets (the report). This followed a digital currencies enquiry it launched in February of this year to examine, among other things, the role of
10/24/2018
SEC Suspends Trading in Company for Making False Cryptocurrency-Related Claims about SEC Regulation and Registration
Earlier this month, the SEC issued an investor alert that warned investors to be vigilant for false claims about SEC endorsements used to promote digital asset investments.
10/23/2018
Former Australian cricket captain in crypto fail
The cryptocurrency venture once supported by a former Australian cricket captain has folded.
10/23/2018
Advisers warned about Mifid II compliance
The regulator added the requirements applied from 3 January 2018 and do not require disclosure of costs and charges incurred before that date.
10/22/2018
Green FinTech Challenge
Once the application window has closed we will assess all applications and select a small number of firms that meet the criteria.
10/22/2018
Spain’s government approves new tax on large internet companies
The plans will also include a 3 per cent tax on online advertising, sales of user data and online platforms, in what the government hopes will raise €1.2 billion in tax revenue next year.
10/22/2018
Regulatory and operational barriers to digital payment remain
The World Payments Report 2018, which looks at innovation in the digital payments landscape and highlights what to expect from BigTech entrants, found that digital payments are experiencing a boom driven by developing markets.
10/22/2018
Mifid II may force platforms to change strategy
"Will they have to change their strategy? Maybe, in terms of Mifid II we might see financial advisers moving away from those [who don't change]."
10/22/2018
Japan FSA Updates Financial Sector Cyber Policy
The FSA’s policy document acknowledges the work by the G7 Finance Ministers and Central Banks on boosting financial system cyber resilience.
10/22/2018
Carey Olsen adds to cryptocurrency publication
Blockchain is particularly topical in our legal jurisdictions, each of which are helping lead the way in fostering a legal and regulatory landscape conducive to the continued expansion of the product. This guide is therefore an invaluable reference tool i
10/19/2018
Accelerating digital transformation in banking
Findings from the global consumer survey on digital banking
10/18/2018
The Asset Management Review - Bermuda Update
The formation of companies and partnerships is subject to the approval of the Registrar of Companies