Harmonisation needed in the global regulatory maze for digital assets March 30, 2021 Abradat Kamalpour stresses the importance of global harmony for regulatory reforms and changes in cryptocurrency.
UK regulatory changes forStablecoins and cryptoassets on the horizon January 18, 2021 On the 7th of January 2021, HM Treasury published a consultation paper titled “UK regulatory approach to cryptoassets and stablecoins: consultation and call for evidence” (Consultation). The Consultation represents the first stage in the government’s consultative process with industry and stakeholders on the broader regulatory approach to cryptoassets and stablecoins. It seeks views on how [...]
Banks amongst winners on FTSE as City waits for trade deal confirmation December 24, 2020 Lloyds Bank and Natwest are amongst those enjoying a Brexit deal boost on the FTSE 100 today. Lloyds is up more than 4 per cent on the last day of trading before Christmas. Natwest is also up. The deal is expected to be announced by Boris Johnson and Ursula von der Leyen within the next [...]
Privacy laws and blockchain December 9, 2020 The very nature of Distributed Ledger Technology (DLT) raises some interesting issues around privacy laws and their application to DLT. It is important for industry participants to understand this important area of law and its application to their business. Blockchain is a technology that enables the secure validation, recording, and sharing of data. The data [...]
New foreign investment powers will create ‘considerable uncertainty’ for business November 11, 2020 A new law giving the government the power to block foreign takeovers will create “considerable uncertainty” for businesses, City firms have warned today. The National Security and Investment Bill, which was published today, has been labelled the “most significant” change to the UK’s investment regime in decades. But many are concerned that the new regime, [...]
Crypto asset scams: Peril in the age of Covid-19 and related legal reform November 10, 2020 As central banks around the world strive to counter the effects of Covid-19 in their respective economies, prospects of rapid inflation have led investors to believe that crypto assets, could be a good hedge going forward. For example, the price of Bitcoin has surged to more than $15000, boosted by news such as PayPal’s new [...]
City law firms enjoy bumper year for revenues October 22, 2020 London’s legal market has solidified its position as one of the City’s most resilient sectors after a year of strong financials and high pay packets. Despite the double whammy of Brexit and pandemic uncertainty, UK and US firms have managed to secure some of the most remunerative work and solidify London as a leading global [...]
The role of whitepapers in the Crypto Asset Market October 19, 2020 The rapid global rise of crypto assets as a new asset class has seen governments and regulators around the world scramble to identify suitable regulatory regimes. Out of the dust of that rise, we can now see the emergence of nascent regulatory frameworks, from the European Commission’s Digital Finance Strategy, to Gibraltar’s proposed ICO Regulations. [...]
FinTech-friendly Singapore: Laws have something to do with it! September 22, 2020 With much fanfare being made of Singapore’s move to position itself as a global crypto and FinTech Hub, we explore in this article what exactly is drawing more and more crypto and FinTech businesses to Singapore’s shores and how laws and the legal industry play such a significant part. According to the Monetary Authority of [...]
The Lawyer’s Role in Innovation August 25, 2020 According to the recently published results of the UK Innovation Survey 2019, innovation activities have been on the decline since a peak in 2012-2014, with only 38% of businesses considered “innovation active” in 2016-2018. Notwithstanding this, the phrase “innovation” is near ubiquitously referenced within the legal industry. Which begs the question, how do lawyers actually [...]