May
22

Second Reading in Parliament for Blockchain Bills: The Innovative Technology Arrangements and Services Act

Second Reading in Parliament for Blockchain Bills: The Innovative Technology Arrangements and Services Act
One of three recent and significant legislative developments in the field of blockchain and Distributed Ledger Technology ('DLT') was presented by the Maltese Government for its second reading in Parliament . The Bill is aimed at promulgating a framework for " Innovative Technology Arrangements and Services" ('ITAS') . The ITAS Bill is intended to go hand in hand with the also newly publicised Malta Digital Innovation Authority Act (the ' MDIA Act', an overview of which may be accessed here  ) and the Virtual Financial Assets Act (the 'VFAA', an overview of w...
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Apr
21

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 w...
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Feb
26

SEC and CFTC hearing on Blockchain and Distributed Ledger Technology

SEC and CFTC hearing on Blockchain and Distributed Ledger Technology
Earlier this month the United States Committee on Banking, Housing, and Urban Affairs met in open session to conduct a hearing entitled 'Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission'. The United States Security and Exchange Commission (SEC) and The Commodities Futures Trading Commission (CFTC) were present as witnesses to discuss their relative roles with respect to Blockchain, ICOs (Initial Coin Offerings) and virtual currency regulation in general. Prior to the hearing, te...
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