From Lexology

Illinois announces new consumer protections for digital assets, proposes new money transmitter licensing provisions

On February 21, the Illinois Department of Financial and Professional Regulation (IDFPR) announced several legislative initiatives to establish…

24 February 2023

The myth of decentralised governance of bitcoin? Tulip Trading Ltd v van der Laan

The Court of Appeal in Tulip Trading Ltd v van der Laan has overturned the High Court's decision in Tulip Trading Ltd v Bitcoin, finding for the…

24 February 2023

Is there a role for cryptoassets in the future of employee remuneration in the UK?

As regulators contend with cryptoassets, their role as a form of remuneration may develop - though there are considerable legal, tax and practical…

23 February 2023

Truth-in-Lending Type Disclosures in Commercial Loans Gain Steam Again in 2023 Legislative Sessions: Non-Bank Lenders Should Take Notice Now and Prepare to Comply

State legislative sessions are well underway in 2023, and many states already have introduced various forms of commercial financing disclosure…

23 February 2023

FRB Governor Bowman Speaks on Bank Regulation and Supervision

Federal Reserve Board (“FRB”) Governor Michelle Bowman gave remarks last week to the American Bankers Association (“ABA”) Community Banking…

23 February 2023

Crypto consultation: The Australian token mapping exercise

On 3 February 2023, Treasury released its ‘Token Mapping Consultation Paper’ (Consultation Paper). The paper seeks to explore how existing regulation…

23 February 2023

US: A follow-up summary of the Regulation ZZ final rule

In March of 2022, the Adjustable Interest Rate (LIBOR) Act (the “LIBOR Act”) was signed into law. The purpose of the LIBOR Act was to provide a…

22 February 2023

UK Announces Regulation of Buy-Now-Pay-Later Credit Products

On February 14, 2023, the UK government published a Consultation (the “Consultation”) on its plans to regulate buy-now-pay-later (“BNPL”) credit…

22 February 2023

Treasury assistant secretary for financial institutions highlights fintech, crypto assets, and cloud services challenges

On February 15, Treasury Assistant Secretary for Financial Institutions Graham Steele delivered remarks before the Exchequer Club of Washington, D.C…

22 February 2023

Kazakhstan Introduces New Regulation of Digital Assets

Kazakhstan President Kassym-Jomart Tokayev signed two laws on February 6: one on digital assets (the Law) and one introducing amendments to other…

22 February 2023

Unlock unlimited access to all GBRR content