Long-Awaited GDPR Guidelines Finalised by the WP29

Long-Awaited GDPR Guidelines Finalised by the WP29
The Article 29 Working Party ('WP29') has recently adopted and subsequently finalised its long-awaited guidelines on Consent as well as those on Transparency under Regulation 2016/679 (the 'GDPR'). These long-awaited guidelines form part of the many GDPR related guidelines, opinions and recommendations issued by the WP29 aimed to help practitioners, controllers and processors alike to better understand the workings and intricacies of the imminent GDPR. These guidelines substantially expand on the notions of Consent and Transparency, going beyond what is ...
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The GDPR and Fintech: Mamo TCV Participates in Panel Discussion

The GDPR and Fintech: Mamo TCV Participates in Panel Discussion
Dr Warren Ciantar, on behalf of Mamo TCV Advocates, recently participated in a half-day seminar organised and hosted by the Malta IT Law Association (MITLA) which was held at Smart City on the 13th April 2018. The seminar dealt with various aspects of the GDPR, including its implications in the gaming and fintech industries and was consequently attended by various stakeholders in these sectors. The background of attendees varied, with the Malta Gaming Authority, audit firms, insurance companies, gaming companies, software developers and law firms all being represe...
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The ‘New Deal for Consumers’ – better consumer protection within the EU

The ‘New Deal for Consumers’ – better consumer protection within the EU
On 11 April 2018, the European Commission adopted the New Deal for Consumers – a package composed of two proposals for Directives and a Communication.The proposed Directives concern: (i) representative actions for the protection of the collective interests of consumers, and the repeal of the Injunctions Directive; and (ii) amendments to the Unfair Contract Terms Directive, Price Indications Directive, Unfair Commercial Practices Directive and the Consumer Rights Directive.Whilst the first proposal is aimed at improving the tools to stop illegal practices and facil...
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Further Cryptocurrency Exchanges Relocating to Malta

Further Cryptocurrency Exchanges Relocating to Malta
OKEX Technology Company Limited, commonly referred to as "OKEx", a crypto currency exchange with its main operations and head offices situated in Hong Kong, has announced that it will be expanding its operations to Malta. OKEx operates an online digital asset trading exchange platform which facilitates the deposit and withdrawal of digital assets by customers. OKEx also enables customers to engage in trading activities for spot trading and future contracts trading in cryptocurrencies. Malta has witnessed a wave of interest internationally in the cryptocurrency and...
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The MFSA issues Consultation Paper on proposed Financial Instrument Test applicable to DLT assets

The MFSA issues Consultation Paper on proposed Financial Instrument Test applicable to DLT assets
The Malta Financial Services Authority ("MFSA") has issued a Consultation Paper on the proposed introduction of a "Financial Instrument Test" in line with a previous MFSA Discussion Paper issued on 30 November 2017 on Initial Coin Offerings, Virtual Currencies and Related Service Providers.The proposed Financial Instrument Test will be crucial in determining whether a Distributed Ledger Technology ("DLT") asset, which was previously referred to as "Virtual Currency", will fall within current EU and national financial services legislation and regulatory frameworks,...
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