08/29/2019
Regulating fintechs in Kenya
Many banking firms also have their own fintech products, but these are governed under the Central Bank of Kenya.
Legal,Regulation,Tax & Compliance
08/28/2019
A Bitcoin first? Stewarts obtains asset preservation order over cryptocurrency
Using the services of Chainalysis (a blockchain investigations firm), it was quickly established that 80 Bitcoin had been sent to a wallet held at Coinbase UK Ltd, the UK arm of San Francisco-based Coinbase, one of the world’s leading cryptocurrency
08/27/2019
GDPR Software & Tools Market to Witness a Sustainable Growth by 2025
This report provides a detailed and analytical look at the various companies that are working to achieve a high market share in the global GDPR Software & Tools market.
08/27/2019
The SM&CR – what is it and why do we need it?
Based on this recommendation, Parliament passed legislation in December 2013 that prompted the primary regulators of the financial services sector, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA), to implement a Senior Mana
08/26/2019
Finma lays out new AML guidelines for blockchain
It also said that its standards are stricter than those laid out in June by the Financial Action Task Force (FATF).
08/25/2019
IRS Tells Cryptoinvestors: Find Your Data, a Calculator, and Good Lawyer
There are three versions of the same letter depending on how much dirt the IRS thinks it has on an investor.
08/23/2019
Data breach for P&R in Guernsey
The Office of Data Protection has taken action against one of the States of Guernsey’s key departments.
08/22/2019
HK signs agreement to develop RegTech network
HK, Singapore and Japan jointly launched the APAC RegTech Network to enhance cross-border collaboration on regtech education.
08/21/2019
Appleby Helps Over 1,500 Clients With Economic Substance Tool
We pride ourselves in providing comprehensive, multi-jurisdictional legal advice at the times most beneficial to our clients
08/20/2019
Tech giants back US probe into France digital tax
Facebook and Amazon are set to back US president Donald Trump’s probe into the French tax on large digital companies
08/19/2019
World’s information commissioners demand answers from Facebook about Libra currency plans
They also raise specific concerns about the interaction of Libra and Facebook’s already enormous store of information.
08/18/2019
Privacy Is the New Digital Divide
Keeping your data secure is becoming a luxury good — and the poor risk becoming second-class online citizens
08/18/2019
NZ Inland Revenue lays out ruling on how to pay staff in cryptocurrency
There will be strict rules, and different types of cryptocurrency will be taxed differently.
08/16/2019
HMRC seeks digital platform for field fraud officers
The software must also integrate with the department’s wider technology estate and infrastructure.
08/16/2019
Novel issues facing Cayman insolvency professionals dealing with crypto assets
This article provides an overview of some of the challenges facing Cayman insolvency professionals (IPs) when confronted with insolvent estates possessing crypto assets1.
08/16/2019
New money-laundering rules change everything for cryptocurrency exchanges
Complying with regulators could mean the difference between going mainstream and remaining forever on the margins of the global financial system.
08/15/2019
Cayman Data Protection Law, 2017
The DPL will apply to any data controller that is established in the Cayman Islands
08/15/2019
Central Banks Worldwide Testing Their Own Digital Currencies
This was revealed at a forum held in the northern Chinese province of Heilongjiang on Aug. 10 by Mu Changchun, deputy director of the PBOC’s payments department.
08/14/2019
EU Members Adopt Tougher Crypto Rules Than AML Directive Requires
German Regulations Chase Out Crypto Companies Like Bitpay
08/14/2019
Bitcoin investors face tax crackdown from HMRC
One industry insider, speaking to Coindesk said: "HMRC is looking to work with exchanges when it comes to finding information on people who have been buying and selling crypto. I think they will only go back a couple of years, two or three years.