In Focus
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The Lummis-Gillibrand Responsible Financial Innovation Act: What to KnowOn June 7, 2022, US Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced S. 4356 - the Responsible Financial Innovation Act (RFIA), which aims to establish a US regulatory regime for digital assets. The much-anticipated bill seeks to resolve the long-standing uncertainty about the jurisdiction of financial regulators over digital assets, clarify the taxation of digital assets and decentralized autonomous organizations, and establish disclosures and consumer protection obligations on issuers and service providers of digital assets. This Legal Update notes why the RFIA matters, six key aspects of it, and regulators’ reactions to it.
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Can You Sue in Hong Kong If Personal Data Has Been Stolen? Lessons from Warren v DSG Retail LtdWith society increasingly concerned about data privacy, the spectre arises of claims against businesses for damages caused by cyber-security breaches.
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UK Government sets out its plans for UK data protection reformThe UK Government has published its response to the consultation on its proposed reform of the UK's data protection regime.
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