From Lexology

Australian Law Reform Commission comments on regulation of crypto assets and decentralised autonomous organisations

The Australian Law Reform Commission is inquiring into the potential simplification of laws that regulate financial services in Australia. A…

24 October 2022

Here We Go Again: Fifth Circuit Rules CFPB’s Funding Mechanism Is Unconstitutional, Vacates Payday Lending Rule

On Oct. 19, 2022, a three-judge panel of the United States Court of Appeals for the Fifth Circuit ruled that the funding mechanism for the Consumer…

24 October 2022

Crypto Assets in South Africa are now legally recognised as Financial Products

On 19 October 2022, the Financial Sector Conduct Authority (“FSCA”) officially declared that crypto assets are now classified as a financial product…

21 October 2022

Turkish banking watchdog resolution restricts commercial cash loans

On 7 July 2022, the Banking Regulatory and Supervisory Authority (BRSA) issued Resolution No. 10265, which amends and clarifies a recently passed…

20 October 2022

The Reserve Bank of India and the Regulation of Fintech

The Reserve Bank of India (“RBI”) operates as one of the Indian regulators in relation to fintech. Over the years, the RBI has approached the various…

19 October 2022

The future of crypto regulation in the UK

James Alleyne was recently asked to talk to an international audience in London about the UK’s position on regulating the crypto-space. Here is what…

18 October 2022

More Data, Less Risk - How Australian Banks and their Customers Ended Up With a Greater Duty of Care

As Australian regulation moves towards a UK-style Consumer Duty regime, the banks will be required to do more data collection, more analysis and…

16 October 2022

Treading the Tightrope – banks’ duties to victims of fraud

So far the courts have kept to a narrow definition of the Quincecare duty – much to banks’ relief. But, with the UK Supreme Court set to rule on the issue, Stevens & Bolton partner Sarah Murray considers what might be next.

13 October 2022

European Parliament’s ECON Committee votes through MiCA: Clarity in the EU for Cryptoassets?

After much anticipation MiCA has been approved by both COREPER, the Committee of Permanent Representatives and the European Parliament’s Economic and…

13 October 2022

A case of 'mission creep' by the FCA?

Bruised by recent criticism, it is likely we will see efforts from the FCA to be more proactive and interventionist, but this could have concerning…

13 October 2022

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