Baker & Hostetler LLP (LexBlog United Kingdom)
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ETH Staking Data Published; Blockchain Solutions Launch; NY AG Proposes Crypto Legislation; UK Targets Crypto ATMs; Crypto Hack Schemes Reported
In this issue: • ETH Staking Data Published, Blockchain Solutions Launch for Financial Services• New York Attorney General Proposes New Legislation for Crypto Industry• UK Authorities Target Illegal Crypto ATMs• Reports Detail Crypto Malware, Phishing and Hacked Exchange Accounts ETH Staking Data Published, Blockchain Solutions Launch for Financial Services By Christopher Lamb According to a...
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Report from the 2023 ABA Antitrust Section Annual Conference – UK, EU, and Canadian developments
The recent annual ABA Antitrust Spring Meeting in Washington, D.C., once again brought together enforcers and counsel from around the world to discuss the hottest topics in global antitrust enforcement. We provide some of the key updates from enforcers and practitioners in the UK, Canada, and the EU. In the United Kingdom, Martin Coleman, Panel...
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New Crypto Payment and Web3 Products Launch; UK Seeks Input on DeFi Taxation; OFAC Fines Crypto Exchange; SEC, DOJ, CFTC Continue Enforcement
In this issue: • Multiple Financial Services Firms Announce New Crypto Products• Mutual Fund Integrates with Polygon, US Exchanges Launch Offshore Platforms• Web3 Initiatives Launch for NFT Ticketing, Protocol Infrastructure• UK Seeks Input on Proposed Modifications to Tax Rules Applicable to DeFi• OFAC Announces $7.6 Million Settlement with Crypto Exchange• SEC and State Securities Regulators...
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DeFi Protocols Announce Updates; FSB Addresses DeFi Risks; Museum to Host NFT Exhibit; Crypto Enforcement Continues; Crypto Crime Reports Published
In this issue: • DeFi Protocols Announce Updates, US Bank Introduces Deposit Token Concept• Financial Stability Board Addresses DeFi Risks in New Report• French Museum to Host NFT Exhibit, New Report Provides 2022 NFT Market Data• SEC Proposes to Expand Scope of Custody Rule to Cover All Crypto Assets• DFS Orders End to BUSD; US,...
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White House Issues Statement on Crypto; Bitcoin ETF Rejected; OFAC Sanctions Public Keys; Regulators Address Digital Assets; Crypto Enforcement Continues
In this issue:• White House Addresses Crypto Risks; Blockchain Firm Wins Air Force Contract• SEC Issues Order Disapproving Spot Bitcoin ETF Application• OFAC Adds Bitcoin and Ethereum Public Keys to OFAC’s SDN List• UK and Hong Kong Financial Regulators Address Digital Assets• Founder of Crypto Fraud Sentenced; South Korea Prosecutors Raid Exchange White House Addresses...
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New Crypto Products Launch; Market Reports Published; Treasury Dept. Addresses Crypto Tax; Crypto Enforcement Actions and Threats Continue
In This Issue: •Reports Address Crypto M&A and Metaverse, New Crypto Products Launch •Treasury Dept. Letter Addresses Crypto Tax; Reports Address Crypto Risks •US, UK and Canadian Law Enforcement Take Aim at Cryptographic Assets •Counterfeits, Wash Trading and Bots: Crypto Market Threats Continue •Chainalysis Previews 2022 Cryptocurrency Crime Report Findings Reports Address Crypto M&A and...
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CBDC Research Published, Crypto Products Launch, Report Addresses NFT Money Laundering Risks, UK Addresses DeFi Tax, DOJ Brings $4.5B Crypto Case
In This Issue: •CBDC Research Published, Fintech Firms and Banks Launch Crypto Initiatives •US Department of Treasury Guidance Notes NFT Money Laundering Risks •A Major US Banking Agency Prioritizes Crypto; Market Integrity in Focus; UK Updates DeFi Tax Guidance •DOJ Charges Couple for Laundering $4.5B in Crypto, UN Reports Crypto Threats CBDC Research Published, Fintech...
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Banks to Use Blockchain for FX; Avalanche Adds USDC; NFT Boom Continues; Regulators Address Crypto Ads, Derivatives; Reports Address Crypto Threats
• Banks to Use Blockchain for FX Settlement, Avalanche Network Adds USDC • From Auctions to Venture Capital, NFTs Continue to Generate Millions • IMF Calls for Crypto Regs, UK Bans Ads, ISDA Addresses Crypto Derivatives • Cryptocurrency Exchange Hacked for $77M; Reports Discuss Crypto Threats Banks to Use Blockchain for FX Settlement, Avalanche Network...
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Market Initiatives Announced in Crypto Compliance, Digital Asset Exchange, Blockchain Enterprise Solutions and NFTs; SEC Chairman Comments on Crypto
• US Firm Acquires Crypto Co., Swiss Digital Asset Exchange Gains License • Enterprise Firms Announce Polygon Integration and Shipping Data Solution • NFT Sells for Record $1.1M, NFT Marketplace Exec Accused of Insider Trading • SEC Chairman Comments on Crypto Market in Senate Committee Speech • US Crypto Exchange Files with NFA, UK FCA...
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NFT Market Expands in Alcohol, Athletics and Art; Regulators Warn Against Crypto Risks; U.S. Agencies Target Crypto Fraud
In this issue: • Alcohol, Athletics, and Art: NFT Adoption Continues to Expand • US, UK and Thailand Regulators Warn of Crypto Risks, Act Against Exchange • DOJ and SEC Actions Target Crypto Fraud Scheme and Crypto Exchanges Alcohol, Athletics, and Art: NFT Adoption Continues to Expand By Lauren Bass To celebrate National Rum Day,...
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Cryptocurrency Payment Products and NFT Initiatives Launch, SEC Chairman Addresses Crypto, Pending Legislation Includes New Crypto Tax Reporting Rules
In this issue: • New Crypto Products Launch in Payment Cards, Gold and Sandwiches • More NFTs Launch in Sports, Fashion, Gaming and Charity Auctions • SEC Chairman, Kentucky and UK Address Various Aspects of Crypto Industry • Proposed Legislation Expands Crypto Tax Reporting, Senators Seek Amendment New Crypto Products Launch in Payment Cards, Gold...
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USDC Expands to New Blockchains, NFT Sales Continue, FATF Publishes Review of Crypto Standards, US and Global Crypto Enforcement Actions Continue
In this issue: • USDC Expands to 10 New Blockchains, Crypto Payment Initiatives Launch • NFT Sales Continue Across Sports and Art Markets • FATF Issues Review of Crypto Standards Amid Regulatory News in US and UK • Major Crypto Exchange Faces Global Scrutiny, Announces Compliance Efforts • DOJ Targets Unlicensed Crypto MSBs, Global Enforcement...
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Financial Firms Launch New Crypto Products, NFTs Trending, Crypto Exchange Acquires Broker-Dealer, SEC, DOJ, IRS and CFTC Actions Target Crypto Actors
In this issue: • US Institutional Financial Firms, and Fintech Startups, Launch Crypto Products • Creative NFT Launches and Bitcoin Giveaways Continue To Trend • US Crypto Exchange Acquires Broker Dealer, SEC Action Targets Token Sales • US Enforcement Actions Target Cryptocurrency Darknet Activities and Fraud • DOJ and IRS Actions Target Crypto Tax Evaders,...
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NY DFS Approves New Stablecoin Co., Blockchain Data Solutions Announced, New Cryptocurrency Regulatory and Enforcement Actions in U.S. and Abroad
In this issue: • NY DFS Approves New Stablecoin Company, Crypto Financial Products Continue Growth • Blockchain Used To Enhance Auto Geofencing and Combat Whiskey Fraud • US Financial Regulators Continue Crypto-Focused Regulatory Proposals • OFAC Settles With Crypto Custodian; Enforcement Actions in UK, Italy, Iran NY DFS Approves New Stablecoin Company, Crypto Financial Products...
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Canadian Ether Fund Launches, Swiss Bank Tokenizes Shares, Crypto Regulation Evolves in UK, Estonia and Germany; Blockchain Solutions Launch for Wine, Royalties, Clothing
In this issue: • Canadian Ether Fund Launches, Swiss Bank Tokenizes Shares, New German Law Passed • Blockchain Solutions Launch in Wine, Royalties Management and Clothing Industries • UK and Estonia Take Diverging Approaches to Crypto Registration, Dark Market Seized Canadian Ether Fund Launches, Swiss Bank Tokenizes Shares, New German Law Passed By: Joanna F....
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Is Your Trademark Portfolio Brexit-Ready? Steps to Take Now to Ensure a Smooth Transition
While the UK formally left the EU on January 31, 2020, “Exit Day” will occur on December 31, 2020. Are your trademarks ready? This article provides a brief checklist of considerations as we approach the hard exit date at the end of this year. For existing European Union Trade Mark (EUTM) registrations, each registration will...
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Landmark UK Supreme Court decision grants UK courts power to set the global royalty rate for standard essential patents
On Aug. 26, 2020, the United Kingdom Supreme Court issued a decision in Unwired Planet International Ltd & Anor v Huawei Technologies (UK) Co Ltd & Anor [2020] UKSC 37 that changes the landscape for patentees seeking to enforce standard essential patents, which are patents claiming inventions that must be used to comply with a...
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New Crypto Services Address Custody, Payment Cards and ATS’s, OCC Says Banks Can Custody Crypto, DOJ Charges Bitcoin ATM Operator and Crypto Fraudster
In this issue: • Reports Detail New Plans for Crypto Custody Services, Payment Cards and ATS Platforms • OCC Says Banks Can Custody Crypto, IRS and UK/FCA Act on Crypto Initiatives • DOJ Charges Bitcoin ATM Operator/Crypto Fraudster, Canada Exchange Settles Charges Reports Detail New Plans for Crypto Custody Services, Payment Cards and ATS Platforms...
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Blockchain Identity Solutions Advance, Federal Reserve and Financial Regulators Address Blockchain, Crypto Institutional Survey Published, US and Foreign Enforcement Actions
In this issue: • Fish Producer Joins Food Trust, Blockchain Identity Solutions Advance in UK and US • Federal Reserve, CFI, OCC and NY DFS Address Blockchain and Cryptocurrencies • Institutional Cryptocurrency Survey Published, Bitcoin ETP Seeks to Launch in Germany • Accounting Firms and Government Agencies Seek to Acquire Blockchain Analytics Tools • U.S....
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Joint Agencies Issue Guidance on Prevalence of Cyberattacks Exploiting COVID-19 and Teleworking
On Friday, April 10, 2020, the Department of Homeland Security, the Cybersecurity and Infrastructure Agency and the United Kingdom’s National Cyber Security Centre (NCSC) (jointly, the Agencies) issued a joint statement regarding the growing prevalence of COVID-19-related cyberattacks. The alert focuses on advanced persistent threat (APT) groups and other cybercriminals that are targeting...
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What Does Brexit Mean for Your European Union Trademarks?
The United Kingdom withdraws from the European Union today. The implementation period runs for the next 11 months, through Dec. 31. During this time, European Union trademark filings (“EUTMs”) will continue in full force in the U.K. Unless the time is extended, beginning Jan. 1, 2021, EUTMs that have already registered will automatically be granted protection in...
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Industry Token Standards Published, Supply Chain Pilots Expand, Foreign Crypto Guidance Issued, US Enforcement Actions Continue
In this issue: • Token Taxonomy Framework Published, Blockchain Supply Chain Pilots Expand • Stellar Burns Tokens, New Cryptocurrency Market Data and Studies Released • Blockchain Startup Receives Transfer Agent License, UK and Hong Kong Issue Crypto Guidance Enforcement • Multiple US Agencies Bring Enforcement Actions, Report Describes North Korea Crypto Sanctions Evasion Token Taxonomy...
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Crypto Exchange and Payment Solutions Expand, New UK Guidance Issued, US Enforcement Actions Continue
In this issue: • Cryptocurrency Exchange and Payment Solutions Continue to Expand • New UK Guidance Published, Licenses Received by Cryptocurrency Firms Across Globe • Cryptocurrency Enforcement Actions Continue From IRS and DOJ Cryptocurrency Exchange and Payment Solutions Continue to Expand By: Nicholas C. Mowbray This week, Blockchain.com, a London-based supplier of digital wallets, announced..
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“No Deal” Brexit May Bring Practical Problems for Privacy and Data Protection
With a “No Deal” Brexit seeming more likely than ever after the UK Parliament voted down a proposed deal in January 2019, concerns are rapidly multiplying about the effects of such a withdrawal from the EU for organizations doing business in the UK, and how those organizations will address numerous practical issues, privacy and data...
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Blockchain Developments: Government and Transport Sector Solutions, Legislation, Payment Applications and Global Enforcement Actions
In this issue: • Blockchain Transport Applications, Public Sector Initiatives, Protocol and Market Developments • Capital Markets Initiatives Continue as US Congress Issues New Research and Two New Bills • Blockchain Payments Networks Evolve, New Cryptocurrency Exchange Lands in US • SEC Achieves Settlements, FATF Evaluates UK, Regulator Actions in Denmark and New Zealand • Tax Analysis:...
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New Guidance on GDPR Data Processing Contracts Published by the UK ICO
The U.K. Information Commissioner’s Office (ICO) recently published guidance on contracts between controllers and processors. This new guidance provides a more in-depth and detailed discussion of the key issues than did a previously released primer published by the ICO, which set out key points along with helpful checklists. The new guidance discusses (1) when a...
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The Weekly Hill Update
Below is the Federal Policy team’s weekly preview, published each Monday that Congress is in session. HEADLINES • President Trump at 9 p.m. Monday is scheduled to announce his nominee to replace Supreme Court Justice Anthony Kennedy. • Tuesday, Trump leaves for Europe for high-profile meetings with NATO leaders, followed by a visit to the...
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UK High Court Issues Important Ruling on Licensing of Standard Essential Patents
On April 5, 2017, the High Court of Justice in the UK ruled that if a patent holder claims that a patent is essential under the ETSI IPR Policy, it must license that patent to third parties on fair, reasonable, and non-discriminatory (FRAND) terms, and the licensee must accept the FRAND terms or face the...
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Privacy Shield Developments and UK Data Transfers Post-Brexit
With the UK’s Brexit referendum dominating the news out of Europe over the past week, it may have been easy to miss a key development in the continuing Privacy Shield negotiations. On Friday, June 24, news outlets reported that U.S. regulators and the European Commission had agreed on a finalized version from the Privacy Shield, a proposed...
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Leveson on Data Protection in the UK: What Do Allegations of Phone Hacking Have to Do With Data Protection?
Editor’s Note: This post is a joint submission to BakerHostetler’s Data Privacy Monitor blog. The much-anticipated Leveson Inquiry on the Culture, Practices and Ethics of the Press (“Leveson Report” or “Report”) was released on November 29, 2012. The inquiry leading to the Report was initiated as a response to ongoing reports and allegations of systemic...