Digital disruption
Furman report on unlocking digital competition
20 March 2019 - Antonio Bavasso
On 13 March the UK Government published a report by an expert panel established by the Chancellor and led by Harvard economist and former White House economic adviser, Jason Furman, on reforms to competition rules and regulation in the digital sector: “Unlocking digital competition”. Executive summary The report was commissioned in the context of global › Read More
Payment service providers face even tougher DP requirements than those under the GDPR
15 December 2016 - Jane Finlayson-Brown
Application Programming Interfaces (APIs) are bringing new open banking initiatives to the forefront of online payment services, with huge potential for innovation. Although access to data is essential in the rise of APIs, processing personal data for open banking initiatives covered by Payment Services Directives or the Open Banking Standard will always require explicit consent. › Read More
Bitfinex: could greater regulation have prevented its hack?
17 August 2016 - Conor O'Hanlon
Introduction “In response to these constructive discussions with the CFTC’s Division of Enforcement, BFXNA has made significant changes to the way in which U.S. customers engage in financed trading on Bitfinex.” – Bitfinex Announcement, June 2, 2016[1] In their engagement to date with the emerging cryptocurrency sector, the United States Commodity Futures Trading Commission (the › Read More
Dynamic IP addresses can be personal data says Advocate-General of the CJEU
19 May 2016 - Peter van Dyck
Summary On request for a preliminary ruling from the German Supreme Court, the Advocate-General of the Court of Justice of the European Union (CJEU) concluded that dynamic IP addresses can be personal data within the meaning of the EU Data Protection Directive. Background German federal institutions exploit websites which contain general information for the public. › Read More