08/01/2018
ICO reveals fivefold increase in personal data breach reports
The GDPR places new obligations on employers to self-report qualifying personal data breaches to the ICO within 72 hours of a breach becoming known.
Legal,Regulation,Tax & Compliance
07/31/2018
Dubai Plans to ‘Disrupt’ Its Own Legal System with Blockchain
The DIFC said the goal is to employ a network based on blockchain and smart contracts to allow different courts to share information in a decentralized manner.
07/30/2018
Finma investigates Zug-based crypto startup
Investigations carried out by FINMA to date indicate that, in the context of its ICO, envion AG accepted funds amounting to approximately one hundred million francs from more than 30,000 investors
07/30/2018
Wall Street Fears New International Tax That Was Aimed at Tech
Bank lobbyists are now urging the Treasury Department to come up with a fix for last year’s tax overhaul that would lessen the pain from Gilti
07/27/2018
Linklaters' first-ever head of innovation on new ideas, tech priorities and introducing lawyers to coding
Shilpa Bhandarkar, Linklaters' first-ever head of innovation, on harvesting the best new ideas from the firm's fee earners
07/27/2018
Parliament approves Bitcoin BCH payments for Antigua and Barbuda citizenship
It is quintessential that we have a payment mechanism that could facilitate payments in cryptocurrencies
07/25/2018
Payment Systems Regulator announces market review into card-acquiring services
The costs merchants incur for such services may ultimately be reflected in the prices they charge and services they offer to their customers.
07/24/2018
FCA webpage on Digital Regulatory Reporting
Any financial services firm that wishes to participate in the pilot will need to contribute to the resourcing of them.
07/24/2018
Apple investigating growing iTunes credit card fraud in Singapore: Report
UOB explained that it has increased the monitoring of all iTunes spending over recent weeks.
07/23/2018
CFTC Issues Customer Advisory on Digital Coins and Tokens
The market for digital coins and tokens is still very young, and there is no widely-accepted standard for placing a value on a particular digital coin or token.
07/23/2018
New Crack Down On Offshore Tax Dodgers Ready For Action
The UK has 64 tax exchange agreements under the common reporting standard.
07/22/2018
Demand for crypto custody rises with increasing cryptocurrency trading
The firm was working with insurers to provide cybersecurity insurance coverage for clients’ digital assets
07/18/2018
Bank of Asia to host official BVI launch
The British Virgin Islands is the appropriate home for Bank of Asia because the BVI is at the forefront of delivering high quality technological and innovative offshore services.
07/18/2018
deVere CEO: Crypto is ‘undeniably’ mainstream as watchdog backs Bitcoin
Mr Green comments: “Cryptocurrencies are the future of money and they are already undeniably part of mainstream finance.
07/17/2018
A Framework for Initial Coin Offerings in Bermuda
Appleby can assist with additional support services in relation to requirements surrounding the compliance regime.
07/17/2018
Hong Kong regulator, banks launch blockchain-based trade finance platform
The sector is often described as one of the most manual and paper-orientated parts of the financial services industry.
07/17/2018
French central bank investigates UK fintech Brexit contigency plans
Many fintechs have already taken steps to achieve European authorisation, including star banking challenger Revolut which chose to apply for a licence in Lithuania before attempting an application in the UK.
07/16/2018
Bermuda Government to Introduce New Regulations on ICOs, Address ‘Legal Ambiguity’
The Premier stated that, in response to “market demand,” the Bermuda government set out to develop a legal framework for distributed ledger technology (DLT) firms
07/13/2018
Mifid II and the fight against financial crime
Speech by Mark Steward, Director of Enforcement and Market Oversight at the FCA, delivered at the Duff & Phelps Global Enforcement Review 2018.
07/13/2018
Cryptocurrency laws and regulations in Taiwan
The Taiwan government is also discussing, but has not concluded, developing further regulations for ICOs, and it is the hope of industry proponents that the need for government oversight will be minimized through the industry’s self-regulation.