NEWSLETTER

Weekly Global Fintech Round-up: 19 Aug

Summary of fintech regulatory developments plus recent Clifford Chance fintech publications and upcoming events

Stablecoin

FCA guidance on cryptoassets and the scope of UK regulation

DLT

A Guide Through the Common Features of Digital Asset Generating Events

New developments in the area of distributed ledger technology

technology

中国、科技与全球准则

China, tech and the need for global standards - Chinese language version

TECH

China, Tech and the need for global standards

NEWSLETTER

Weekly Global Fintech Round-up: 12 Aug

Summary of fintech regulatory developments plus recent Clifford Chance fintech publications & upcoming events

Cryptocurrencies

Regulating cryptocurrency related businesses in the Netherlands

May we see your 'licence' please?

Telecoms

Regulator suggests 'light touch' to encourage fibre investment

The German Federal Network Agency shares their vision for the future

Cannabis

Cannabis-Based Vaping and Smoking Products: setting a budding industry ablaze

The law in the UK

STABLECOIN

Libra: Legal implications for Libra in France

Facebook's cryptocurrency's success prospects in France

Fintech

A vision for the future of the UK financial system: the van Steenis report

FinTech

Big Data and the Obsolescence of Consumer Credit Reports

Managing your financial identity in the modern world

Report

Innovating in Sukuk Capital Markets

Social media

Facebook issued with a two million euro fine

INSURTECH

Bringing human smarts to artificial intelligence

A reminder of the risk of bias

Fintech

Facebook's Libra currency – will unexpected tax complications scare off users?

A truly taxing problem

Cryptocurrencies

Crypto exchanges have 12 months to implement FATF anti-money laundering standards

TELECOMS

5G infrastructure rollout

A brief comparison between UK and US approaches to regulation

Stablecoin

Facebook’s libra

An exciting but challenging road ahead

Cybersecurity

From privacy to premiums: the rise of cyber risk insurance

No longer a superfluous add-on

Cryptocurrencies

Industry sceptical about how "travel rule" recommendation will apply to crypto

12 months to implement new FATF AML standards

ICOs

New regulation of Initial Coin Offerings (ICOs) in Japan

Stricter disclosure and licensing requirements set to be imposed on ICOs

FINTECH

The digital future of syndicated loans

Loans & Tech: Now and the future

Crypto-Assets

A Global Approach Towards Private Crypto-Asset Reg?

Will the new FSB Directory prompt a forward-looking discussion.

FINTECH

Cybersecurity and Data Privacy at heart of latest OCIE risk alert

Alert highlights key regulation S-P requirements for SEC registered entities

VIDEO

TOKENS

Security tokens hold potential to be a next evolution of global financial markets. Clifford Chance discusses the security token industry with Security Token Academy.

COPYRIGHT

Facebook found liable for links to YouTube videos infringing copyright and right to reputation

TAX

Russian tax authorities clarify application of VAT to B2B supplies of e-services

Following concerns raised by Russian businesses

Technology transfers

The US-China "trade war"

Liberalisation of China's technology transfer rules

Cryptocurrencies

Cryptocurrency exchange liable for technical glitch

Copyright

TV programmes and format

Copyright protection in Italy

Telecoms

The Netherlands introduce a draft act on undesired control in telecommunications

Tech

CFIUS stonewalls Chinese investor, unwinds gay dating app investment

Tokens

German government publishes key issues paper

for the regulation of digital securities & issuance of utility-tokens

Fintech

FinCEN cautions financial institutions on North Korea and Iran

As well as other jurisdictions exhibiting strategic AML and terrorist financing deficiencies

Competition

FTC Task Force to scrutinize competition in tech industry

Cryptocurrencies

Crypto Considerations for Fund Managers

Private funds investing in digital assets have exploded in popularity—but pose unique legal risks

Podcast

RealTime

Insights on proptech

Alerter

Cryptocurrencies in Russia

The Supreme Court never said "illegal"

FINTECH

Taming the wild west

EMEA Fintech Special Focus 2019

金融科技

金融科技五大趋势展望

Video

Brian Harley talks Smart Contracts in insurance

viable commercial implementation on the horizon

Video

Predictions for Tech Litigation in 2019

from Kate Scott, Senior Associate and Tech Group member

Video

Technology predictions from the experts at Singapore Fintech Festival 2018

Banking platforms, AI, Blockchain and more

Fintech in 2019

Five fintech trends to watch

Video

Tech Trends 2019

Insights from our Americas Tech Group – Megan Gordon - 'Banking the unbanked' and States leading on privacy

Regulation

What is unacceptable offline should be unacceptable online

Should the web be regulated?

DLT

A Q&A with member firms of the R3 Legal Center of Excellence

…on legal issues and applicable laws to consider when setting up a tokenized cash issuer

Video

Five tech predictions

The outlook for 2019

Tax

VAT on electronically supplied services in Russia

TECH

法国扩大外商投资制度的适用范围，欧盟外商投 资审查提案亦取得关键进展

Payment Services

Singapore Parliament passes payment services bill

Streamlining the existing legislative framework for payment system

Cryptocurrencies

The Virtual Currency Regulation Review:

Crypto assets and the UK regulatory framework

Fintech

Fintech in Israel

An overview, in collaboration with Herzog Foz & Neeman

FINTECH

Is Fintech Really Spurring Competition?

Spanish Competition Authority Report on Fintech's Effect on Competition in the Financial Sector

Fintech

Fintech in the Middle East

Developments across MENA

FINTECH

Cryptoasset enforcement – Where are we at the end of 2018?

What to expect in 2019?

TAX

Digital Services Tax

Chancellor Hammond announces radical new tax on internet businesses

Fintech

FinCEN and Federal Banking Agencies Issue Joint Statement

Encouraging FinTech Sandboxes for AML Compliance

Proptech

Talking Tech: Real Assets thought leadership

A series of expert interviews by Clifford Chance

Cryptocurrency

A patchwork quilt

Financial Action Task Force addresses money-laundering in the cryptocurrency space

TECH GROUP

Navigating the Intersection of Tech and Law

Several of Clifford Chance's U.S. partners and associates discuss some recent tech issues.

Cryptocurrency

Bitcoin not a financial instrument

German court ruling

Social media

The direction of Facebook and other social media platforms under increased regulatory scrutiny

Energy

Technology & The Energy Sector

Four trends and challenges to watch

ICOS

Are Your Tokens Outside US Securities Law Jurisdiction?

Important Extraterritoriality Decision Handed Down by US District Court

Insurtech taster

Data protection

FINTECH

UK Treasury Report on Digital Currencies

A call to regulate the 'Wild West' of crypto-assets

Fintech

Pros and Cons of the OCC's New Fintech Charter

Observations and considerations

Tax

Missing the target?

The surprising scope of the proposed new EU digital services tax

Fintech

Digital tokens

Intermediaries facing tightened enforcement activities as well as new opportunities in Singapore

fintech

Treasury report says space is ripe for emerging tech such as P2P payments and digital wallets

Disputes

A Guide to Technology Disputes in Asia Pacific

ICOs

EU Parliament proposing regulation to facilitate ICOs conducted through crowdfunding

Media

Update on TV format protection

M&A

Trump Uses CFIUS To Bar Chinese-Backed Firm From Acquiring U.S. Microchip Maker

Antitrust

The Antitrust Horizon

Digital Economy

Fintech

A Fintech Regulatory Sandbox

The US Treasury's modest proposal

Fintech

US Treasury Issues Report Regarding Nonbank Financials, Fintech, and Innovation

– Residential Mortgage Lending

Telecoms

Net neutrality rules

Dutch prohibition on zero-rating deemed invalid

Legaltech

Disclosure: Technology assisted review and the courts

Where are we now?

Tech

Uber loses London licence

Guest white paper

Maximising returns on digital investments

AI

Artificial intelligence and the future for legal services

Fintech

Treasury Issues Report Regarding Nonbank Financials, Fintech, and Innovation

– Marketplace Lending Summary

Data

Use of data in payment systems

Framing the regulatory response

Insurtech

Current issues in the German insurtech market

Fintech

Global Financial Innovation Network Launched

Telecoms

The EU net neutrality rules

Fintech

EBA Reports on the impact of fintech on incumbent credit institutions

Business models and prudential risks and opportunities arising for institutions from fintech

Media

Australian media sector reform

FINTECH

Authentication and access under PSD2

EBA opinion and guidelines

Spotlight feature

Insurtech

Cryptocurrencies

Crypto-trading in the Abu Dhabi Global Market

Ready for business

Infrastructure

Proposals for controls on foreign investment

UK telecoms and energy infrastructure

Cryptocurrencies

Fintech Trends 2018

Cryptocurrencies will explode (one way or another)

TECH

View from Davos:

Technology will it unite or divide us? Highlights from a debate we hosted in Davos.

DSM

UK Government unveils its Digital Strategy as it prepares for Brexit

IP

Alibaba sues counterfeiter in IP first for China

Podcast

How do we make smarter decisions?

Paul Greenwood discusses artificial vs. augmented intelligence

Smart contracts

Smart contracts

Legal agreements for the digital age

DSM

EC’s Digital Single Market strategy – recent developments

AVMSD, e-commerce and online platforms.

PropTech

Virtual reality and its impact on real estate transactions

fintech

Fintech Trends 2018

The rise of market place banking

Cybersecurity

Fintech Trends 2018

Cyber & Data - New risks, New Rules

Insurtech

Automated profiling and automated decision-making

Cryptocurrencies and ICOs

FCA issues bank guidance on how to handle financial crime risks posed by cryptoassets

E-commerce

European Commission e-commerce report

Fintech

Mexico Passes Groundbreaking Fintech Act

Congress passed the Financial Institutions Act

ICOS

What Lessons Can Token Issuers Learn From Recent Federal / State Securities Enforcement Activity?

IP

Mobile apps in China

New rules bring stricter regulation and enhanced user protection

Insurtech taster

Compulsory insurance for driverless cars

Fintech

Japanese FSA approves second experimental deal under "FinTech Experiment Hub"

ICOs

More than a token risk

ICO trading platforms and promoters in SEC crosshairs

Bitcoin/ICOs

SEC & CFTC Heads Testify Before the Senate Banking Committee

Views differ on Bitcoin and Initial Coin Offerings

Data protection

LinkedIn blocked in Russia

Energy

Renewable Incentives

Looking to the future

Fintech

The Fintech Market in Asia Pacific

An overview

Data Protection

Russian data localisation requirement tested in courts

LinkedIn Case

Fintech

Five Fintech Trends

We are making five bold predictions for the future of fintech

Competition

The ACCC continues to focus on online customer reviews

Competition

ACCC's agreement with Booking.com and Expedia - an expedient solution

Domain Names

US Government relinquishes stewardship of the internet domain names system

Telecoms

EC clears WIND and Hutchison joint venture in Italy

Fintech

Impact of PSD2 on online marketplaces operating in Europe

Fintech

Fintech in the Middle East

An overview

FINTECH

What FinTech trends are the experts seeing?

Guest blog from Thomson Reuters

Media`

The ACCC says oOh No! to the oOh!media and APN Outdoor Merger

ICOS

SEC Renews Focus on Cryptocurrencies and Initial Coin Offerings

E-commerce

The EC's Inquiry into the E-Commerce Sector

ICOs

SEC enforcement action against ICO

FINTECH

PSD2 implementation

What you need to know

ICOs

China bans fundraising through ICOs

ICOs

Initial coin offerings

Asking the right regulatory questions

Cryptocurrencies

Virtual currencies with real implications

FINCEN's first enforcement action against a foreign located money services business

Employment

Tribunal rules that Uber drivers are workers

Crowdfunding

French enthusiasm for crowdfunding

ICOs

Initial coin offerings

Focus on key jurisdictions

Smart Energy

Energy Storage features in Call for Evidence on "smart" energy system

FINTECH

The Robo Cop of Robo-Advice

AFS licensees now designing algorithms as a means to providing financial digital advice

Crowdfunding

Regulation Crowdfunding

A Viable Capital-Raising Method for Tech Companies?

Tax

Why may Apple now owe €13 billion to Ireland?

Fintech

European Fintech Regulation

An overview

Guest white paper

Digital Transformation Initiative

Fintech

PSD2: fintech access to bank account data

It does not go far enough.

DSM

Digital Single Market: Proposals on E-commerce

Fintech

Visit our fintech topic guide

Available on the Clifford Chance Financial Markets Toolkit

Special report

Asian Horizons

A report by GP Bullhound

Fintech

Disruptors disrupted?

Fintech

The future for financial institutions

An overview of the legal issues facing banks

Regulation

Building castles in Fintech sandboxes

Australia and Singapore to co-operate with potential for Hong Kong

DSM

Launch of EU online dispute resolution platform

Settling disputes about online transactions electronically