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
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
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
USA President Trump escalated trade disputes with China on June 18, 2018, saying the USA was prepared to impose 10% tariffs on another $200 billion worth of Chinese goods and potentially even more if China continues to fight back. The threat was in response to retaliatory measures by China, was
“A United Nations body that facilitates global trade is examining blockchain and smart contracts to see if they could play a role in its mission. To that end, the United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) has just published a white paper – now available for public review – that studies
“Within only a few days of each other, three crypto industry giants Binance, Huobi and Block.one all announced their launch of separate investment funds for blockchain-based systems. The move could mean a lifeline for struggling startups with groundbreaking ideas – if they can get the investors’ approval.” Read the full article here on Cryptonews.
“Bloomberg is reporting that the United States Department of Justice (DOJ) is working alongside the Commodities and Futures Trading Commission (CFTC), the markets regulator, to focus on illegal trading activities in cryptocurrency markets. Specifically, the investigation is narrowing in on ‘spoofing’, a form of market manipulation wherein traders enter a
Today, the European Union cements its status as the global leader in data privacy. The E.U.’s sweeping new data privacy law is taking effect, ushering in new restrictions on what companies can do with people’s personal data and setting tough penalties for those that break the rules. In theory, there’s nothing
Over the past week, there has been a big uptick in the number of lawsuits related to cryptocurrency. These high profile cases in Israel and Norway bring more light to the ever-changing legal landscape of crypto technology. To read the full article, visit Cryptonews.com. Have questions about cryptocurrency? Have a conversation