Managers of Wealth Fintech

Morocco’s Central Bank gearing up digital currency

The signatories also agreed to cooperate in digital banking services and innovative payment solutions.

Treasury and FCA move to regulate the marketing of cryptoassets in a similar way to high risk investments.

The result is that previously unregulated cryptocurrencies and cryptoassets will be brought into the financial promotion regime for the first time.

Australian judges could shape law on AI inventorship globally

In his patent applications, Thaler has named his ‘DABUS’ system as inventor, arguing that patent law supports the concept of AI inventorship.

SurePoint launches Legal Management System

The new, intuitive application provides automatic time management capabilities and ease-of-use for all law firm employees

The impact of the SFC’s and HKMA’s joint circular on intermediaries’ virtual asset-related activities

The additional investor protection measures for virtual asset-related products are not surprising.

Binance restores 79 crypto accounts’ operation after probe

“Binance has resolved 79 cases connected to account restrictions and will work towards speedy resolution of such cases.”

NatWest Group Extends Relationship with SS&C

SS&C GIDS now provides transfer agency services to more than 800,000 investor portfolios

UK to make tech firms take faster action against criminal content

Current laws generally only require tech companies such as the owners of Google or Facebook to take down this type of material if they receive a complaint.

Provision of DPT services to the public

Under the Payment Services Act (“PS Act”), entities which provide services relating to DPTs are regulated primarily for money laundering and terrorism financing risk

Digital finance: Federal Council sets out areas of action for coming years

The use of new digital technologies is opening the door for new players and leading to new products on financial markets.

The Fintech Quarterly - Fifth Edition

The fifth edition of The Fintech Quarterly covers Mayer Brown’s Fintech-related videos, webinars, articles, legal updates and podcasts from October 2021 to December 2021.

EBA launches AML database

EuReCA will contain information on material weaknesses in individual financial institutions in the EU that competent authorities have identified. C

Eastern Caribbean CBDC platform crashes

The Eastern Caribbean Central Bank has been forced to pull the switch on its digital dollar project DCash to deal with 'technical issues', leaving holders of the CBDC in limbo.

New standard contracts for transfers of personal data from the UK to be approved

Similarly, the IDTA requires data exporters to undertake a transfer risk assessment to consider the local laws, practices, and risks which might render the protections provided by the IDTA insufficient.

Zurich digital asset manager secures Finma licence

It advises a Liechtenstein AIF fund and two Luxembourg venture capital funds.

Much-Anticipated Federal Reserve Report Signals That a CBDC Is a Long Way Off

The Report requests comments on a series of questions to help the Federal Reserve improve its understanding of the potential benefits and risks of a CBDC.

Cayman reports of data protection breaches up by 50% in 2021

Deputy Ombudsman (Information Rights) Jan Liebaers, in response to Cayman Compass queries Friday

MAS To Introduce Stringent New Measures to Curb the Rise of Internet Banking Fraud

The growing threat of online phishing scams calls for immediate steps to strengthen controls

Getting your IP in order: protecting confidential information

A business must ensure that both trade secrets and confidential information are properly protected from loss and misuse.

Russian Central Bank proposes a ban on cryptocurrencies

Following the ban on crypto mining in China, Russia has become one of the global leaders by mining capacity so the proposal has serious implications for the fintech sector.

Legal,Regulation,Tax & Compliance