The United States on Monday, July 16, 2018, launched five separate trade disputes at the World Trade Organization (WTO) challenging trade partners’ retaliatory tariffs. U.S. Trade Representative Robert Lighthizer said the U.S. is filing cases against China, the European Union, Canada, Mexico, and Turkey after each imposed new tariffs on U.S. exports in response
“A vice governor of the People’s Bank of China (PBoC) has again issued strong statements against initial coin offerings (ICOs), singling out those that have moved overseas, but are still marketing to investors in China. Speaking at an internal meeting of the Internet Finance Rectification Working Group on Monday, Pan Gongsheng
On July 5, 2018, the European Parliament issued a nonbinding resolution for European Commission to suspend the EU-U.S. Privacy Shield unless U.S. authorities can fully comply with the framework by September 1, 2018. The resolution states that the data transfer mechanism does not provide the adequate level of protection for personal
A proposed FTC settlement with California-based employee training company ReadyTech Corporation reminds businesses that if make claims about EU-U.S. Privacy Shield participation, there is an obligation to live up to those promises. The case and settlement confirms the FTC’s commitment to the framework. Privacy Shield gives companies a way to transfer personal data from
“The first month of GDPR has seen a sharp increase in the number of complaints to regulators across Europe, showing strong public interest in the new rules. The UK’s Information Commissioner’s Office (ICO) told the Guardian it has seen a rise in breach notifications from organizations, as well as more data
On June 11, 2018, the Canadian Securities Administrators (CSA) published CSA Staff Notice 46-308- Securities Law Implications for Offerings of Tokens regarding the securities law implications of initial coin offerings and initial token offerings (generally referred to by the CSA as token offerings). This guidance amplifies previous warnings by Canadian securities regulators
Bill C-45, the Cannabis Act passes in Canadian Senate, and will proceed to Royal Assent and become Law Bill C-45, the Cannabis Act will proceed to Royal Assent and become law after the Senate of Canada voted not to insist on Senate amendments with which the House of Commons disagreed.
On Wednesday, June 20, 2018, roughly 35 billion Korean won (around $31 million) in cryptocurrency was stolen by hackers from the South Korea-based exchange Bithumb. Although the breach may not be as severe as the $530 million hack of the Coincheck exchange earlier this year, the fact that Bithumb now ranks as
EU votes for Article 13 of Copyright Directive, which will implement internet controls, and require payment for uploaded copyright materials on online platforms Members of European Parliament (MEPs) defied warnings from internet pioneers, civil liberties groups and commercial interests un a key vote on a draft law to overhaul EU