The FCA has announced new marketing rules which will require those marketing cryptoassets to UK consumers to introduce a cooling off period for first time investors from 8 October 2023. As part of a package of measures designed to ensure those who buy crypto understand the risk, ‘refer a friend’ bonuses will also be banned….
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The Information Commissioner’s Office has issued a new report which warns that newly emerging neurotechnologies risk discriminating against people if those groups are not put at the heart of their development. The ICO predicts that the use of technology to monitor neurodata, the information coming direcrly from the brain and nervous system, will become widespread…
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The third edition of the Blockchain: Legal & Regulatory Guidance has been published today and is a collaboration between Tech London Advocates (TLA), The Law Society and SCL. You can access the Guidance on a new training platform which has been created by SCL and is available here You can also access the report (including…
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In April 2022, the UK government set out its vision to make the UK the global hub for cryptocurrency investment, committing to create the right conditions for cryptocurrency and digital asset businesses to set up and to scale up in the UK. The Crypto and Digital Assets All Party Parliamentary Group launched an initial Inquiry…
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UK law Call for evidence on Digital Markets, Competition and Consumer Bill The House of Commons Public Bill Committee has published a call for evidence in relation to the Digital Markets, Competition and Consumer Bill, which proposes reforms to competition and consumer law, in particular in relation to digital markets. The deadline for evidence is…
The Irish Data Protection Commission has concluded its inquiry into Meta Ireland, during which it examined the basis upon which Meta Ireland transfers personal data from the EU/EEA to the US in connection with the delivery of its Facebook service. The DPC adopted its final decision on 12 May 2023. It says that Meta Ireland…
While the hype around the metaverse may have cooled, brands (particularly in the fashion and retail industries) are continuing to engage with their consumers using metaverse environments, sometimes known as “direct to avatar (D2A)” marketing. They are also still investing in “space”, “land” and “displays” in metaverse environments allowing users to see billboards, signages, video…
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In the late 1990s, I worked as a systems administrator as the Internet became an increasingly important phenomenon. Although the ‘free software’ movement had a long history, it was a significant element of a key phase of the development of information technology. Tools provided by commercial vendors were sometimes limited or expensive. Open-source software (OSS)…
UK law More amendments proposed for the Online Safety Bill The UK government has published a press release stating that additions to the Online Safety Bill will make it a crime to encourage someone to cause serious self-harm, regardless of whether or not victims go on to injure themselves and those convicted face up to…
The House of Commons Treasury Committee has issued a report on cryptoassets. It points out that cryptoassets span a wide and rapidly evolving range of digital instruments, although the market continues to be dominated by unbacked cryptocurrencies such as Bitcoin and Ether that the Committee does not consider as having any intrinsic value. Given their…
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