CFTC to get digital commodities oversight in new senate bill

A bipartisan group from the US senate agriculture committee has proposed granting the Commodity Futures Trading Commission oversight over Bitcoin, Ether and other cryptos defined as digital commodities.

“Low risk is not zero risk”: BIS and IOSCO take aim at CCP non-default losses

The Bank for International Settlements and the International Organization of Securities Commissions are looking into central counterparty (CCP) practices to address non-default losses, saying the sophistication of their approaches “varies significantly”.

FATF plans for trust ownership rules criticised as “vague”

Industry bodies have complained the Financial Action Task Force’s plans to tighten rules around beneficial ownership of trusts are too “truncated” to properly tackle the matter.

From Lexology
An Interview with Wilmer Cutler Pickering Hale and Dorr LLP discussing privacy and cybersecurity in the United States

There is a growing trend toward more proscriptive cybersecurity requirements in economic sectors perceived as playing a critical role in the US…

An interview with Simmons & Simmons discussing privacy & cybersecurity in China

There have been significant developments in China regarding cybersecurity, protection of personal data and privacy in general in recent years. China…

India: the Token Transformation

India's digital payments market is, according to an estimate in a recent PhonePe-BCG study, tipped to touch USD 10 trillion by 2026. The study also…

According to Banking Industry Groups, CFPB Should Supervise Data Aggregators

Eight national banking trade groups — the American Bankers Association, Consumer Bankers Association, Credit Union National Association, Housing…

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