The Financial Services Committee seeks to bring order to an industry many say has suffered from lack of proper rulemaking.
By Stephen P. Wink, Nima H. Mohebbi, and Deric Behar
On January 12, 2023, incoming House Financial Services
While a conclusion to the much-hyped case may be approaching, market participants should be wary of doomsday prognostications.
By Stephen P. Wink, Douglas K. Yatter, John Sikora, Benjamin Naftalis, William Baker, Jack Barber, Natalie
Banking organizations should ensure appropriate risk management, but regulators are skeptical of certain crypto activities as principal.
By Arthur S. Long, Pia Naib, and Deric Behar
On January 3, 2023, the Board of Governors of the Federal Reserve
Digital asset activities of licensed institutions must be approved and will be assessed for potential safety and soundness risks.
By Arthur S. Long, Pia Naib, and Deric Behar
On December 15, 2022, the New York State Department of
Consumers and service providers should take note of some of the enhanced risks upon an e-money institution’s insolvency.
By Hongbei Li
Technology is rapidly changing the way customers and businesses interact with financial systems. Fintech companies are a driving force
In granting the SEC’s motion for summary judgment, a federal court ruled that sales of LBC tokens were securities transactions.
By Stephen P. Wink, Douglas K. Yatter, Jack McNeily, Benjamin Naftalis, Adam Zuckerman, and Deric
The regime introduces rules on various crypto tokens, including cryptocurrencies and stablecoins, in the Dubai International Financial Centre.
By Brian A. Meenagh, Matthew Rodwell, and Ksenia Koroleva
On November 1, 2022, the Dubai Financial Services Authority (DFSA) crypto
NFT creators and consumers should evaluate the legal and commercial considerations of NFTs that are linked to copyright work.
By Andrew Moyle, Christian McDermott, and Avinash Balendran
The Law Commission of England and Wales (the Commission) is a
Hong Kong’s Core Climate aims to facilitate trading of carbon credits, while the Hub plans to expedite Singapore’s ESG ecosystem growth.
By Farhana Sharmeen, Paul A. Davies, and James Bee
On 28 October 2022, the Hong Kong Exchange
The latest statements from the government and regulators indicate that Hong Kong is moving forward with enhancing its virtual asset regulatory and legal regime.
By Simon Hawkins and Adrian Fong
The Hong Kong government and the Securities and Futures Commission