Recent offshore regulatory updates in fintech and digital/virtual assets
Introduction Carey Olsen, recently ranked in the FinTech sector by Chambers & Partners across each of its offices in Bermuda, British Virgin Islands (BVI), Cayman Islands...
Tagged: legal development
Supreme Court finds no copyright protection in bitcoin file format – Commentary
IntroductionFactsBackgroundDecisionComment Introduction The recent Supreme Court judgment in Wright & Ors v BTC Core & Ors(1) considered whether copyright could exist in what was referred to...
Classification of the newly emerging technologies including Blockchain, Metaverse, virtual goods, NFTs and other crypto-assets and the current approach of the Turkish Patent and Trademark Office
The scope of trademark applications is critical in terms of trademark protection and enforcement. Accordingly, it is of utmost importance to accurately analyze, identify and classify...
SEC’s latest Spot Bitcoin ETF denial prompts sharp dissent from Republican commissioners
It was no surprise when the SEC recently rejected the latest request for a spot Bitcoin ETF. It has been the SEC’s response to all such...
Crypto With Katten London Symposium: Key Takeaways
Following Katten’s first Crypto With Katten London Symposium, we thought it might be interesting to reflect on the key takeaways from the range of panel sessions...
NFTs used to deliver complaint; Treasury official, SEC chairman addresses crypto compliance; NYAG Sues Crypto Exchange; DOJ Takes Down Crypto Mixes
In this case: • NFT integration software released; NFTs used to serve complaint in civil action • US Treasury Officials Signal Upcoming DeFi Illicit Finance Risk...
Airing dirty laundry: Biden budget targets crypto-laundry sales
The Biden administration’s crypto tax proposal last year contained some helpful clarifications, including supporting non-recognition treatment for crypto lending, along with measures aimed at gaining insight...
Can an NFT be a security? The Dapper Labs decision offers a warning
We have previously discussed the difficult intellectual property rights implications of non-fungible tokens (“NFTs”), units of data stored on a blockchain that signify ownership of a...
Blockchain III – Lexology
Luxembourg is taking a further important step towards improving its innovative DLT infrastructure and framework for issuing financial instruments On 9 March 2023, the Luxembourg Parliament...
GAO says regulatory clarity is needed for consumer fintech products
The Government Accountability Office (“GAO”) recommended that the CFPB clarify how the definition of “credit” in the Truth in Lending Act (“TILA”) and Regulation Z should...