FinTech Global FS Regulatory Round-up – w/e 3 March 2023
In this regular update, we round up FinTech-related financial services regulatory developments for the week ending March 3, 2023. ICYMI Recent updates from Herbert Smith Freehills...
Tagged: legal development
NFTs from NBA highlights lead to first-of-its-kind decision in US courts, holding that an NFT can be a security under US securities law
The recent decision made by Judge Victor Marrero of the Southern District of New York is of critical importance to the NFT industry. For the first...
Demystifying the Blockchain – Why NFTs Matter
Despite renewed scrutiny in recent months, it would be unwise to dismiss NFTs as a Web 2.0 gimmick. Although it is just “a piece of data...
Treasury Assistant Secretary for Financial Institutions Highlights Fintech, Crypto Assets and Cloud Services Challenges
On February 15, Treasury Secretary Graham Steele delivered remarks to the Finance Club in Washington, DC, where he discussed the US Treasury Department’s agenda for financial...
Employee incentives: new opportunities for fintech companies
Fintech companies looking to incentivize their employees may want to consider tax-deductible stock option schemes for the company Upcoming changes to the tax-related company share option...
Bitcoin and digital assets: UK Court of Appeal considers whether developers of blockchain protocols owe duties to owners – Commentary
FactsDecisionComment Facts After claiming that over £3 billion worth of bitcoin private keys were stolen following a hack, Tulip Trading Limited (TTL) claimed that the Bitcoin...
Cyber insurance and NFTs
With the frequent occurrence of cyber attacks, it has become increasingly crucial to have insurance coverage against these attacks, and many insurance companies have started offering...
How are crypto assets regulated in Taiwan? – Commentary
In Taiwan, there is no national legislation that directly applies to crypto-assets, although operations using cryptocurrencies may fall under existing laws – specifically, compliance requirements related...
USA: Power of the purse – Hermès wins the NFT trademark lawsuit
In short On February 8, 2023, a jury handed down a verdict against Mason Rothschild, creator of the “MetaBirkin” non-fungible token (NFT), on claims of trademark...
Cryptoassets – Supreme Court allows service of proceedings exclusively by NFT
On 13 January 2023, the Supreme Court handed down a landmark decision in the case of Osbourne v Persons Unknown and others [2023] EWHC 39 (KB)....