Washington is in a period of closely divided government. The Democrats have the White House; the Republicans have a bare majority in the House; and Democrats have a bare majority in the Senate. In practice, this means policy...more
On March 27, 2023, the Kingdom of Saudi Arabia (KSA) Council of Ministers approved a series of 27 amendments (the Amendments) to the KSA Personal Data Protection Law (PDPL) pursuant to Royal Decree No. M148 of 05/09/1444H...more
CryptoLink is a compilation of news stories published by outside organizations. Akin aggregates these stories, but the information contained in them does not necessarily represent the beliefs or opinions of the firm. Akin's...more
Whether or not there is a thaw in the long “crypto winter,” U.S. policymakers seem determined to bring some regulatory certainty to the industry. And, contrary to claims that the dramatic events of last fall would undercut...more
This December issue of Crypto Link covers the significant developments surrounding FTX Trading Ltd. (FTX), including its bankruptcy filing and the charges against and arrest of its CEO, Samuel Bankman-Fried. In the midst of...more
This edition of CryptoLink follows the 2022 U.S. midterm elections, and lawmakers in Congress are now outlining ambitious agenda priorities for next Congress, putting digital assets near the top of the list. Following the FTX...more
12/15/2022
/ Blockchain ,
CFTC ,
Cryptocurrency ,
Digital Assets ,
Distributed Ledger Technology (DLT) ,
Enforcement Actions ,
Financial Regulatory Agencies ,
FinCEN ,
Office of Foreign Assets Control (OFAC) ,
Securities and Exchange Commission (SEC) ,
Unregistered Securities
On November 20, 2022, the Saudi Data and Artificial Intelligence Authority (SDAIA) launched a public consultation (which is open until December 20, 2022) on its proposed amendments to the Personal Data Protection Law (PDPL)....more
Key Points -
President Biden has signed the long-awaited executive order implementing U.S. commitments to the new successor agreement to the Privacy Shield, the EU-U.S. Data Privacy Framework—a historic step in respect of...more
10/20/2022
/ Biden Administration ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Security ,
Data Transfers ,
EU-US Privacy Shield ,
European Commission ,
Executive Orders ,
General Data Protection Regulation (GDPR) ,
International Data Transfers
On August 29, 2022, the California Senate passed the landmark Assembly Bill 2273, which would enact the California Age-Appropriate Design Code Act (the “Act”). If signed into law by Governor Newsom, the Act could have...more
On February 28, 2022, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Ruler of Dubai, approved Law No. 4 of 2022 on the Regulation of Virtual Assets in the Emirate of Dubai (the “Virtual Assets Law”). The landmark...more
In recent years, the relevance and growth of environmental, social and governance (ESG) principles in investments has captured the attention of the global business community. With Shari'ah-compliant investing also continuing...more
On September 27, 2021, all new contracts that involve cross-border personal data transfers must incorporate the updated standard contractual clauses (“New SCCs”) for controllers and processors. On June 4, 2021, the European...more
The European Commission recently published two highly anticipated draft documents to facilitate data transfers. The first was the new, updated and modernised standard contractual clauses (“New SCCs”) for the transfer of...more
On November 10, 2020, the recently established Taskforce of the European Data Protection Board (EDPB), a body consisting of representatives of all the Data Protection Authorities (DPAs) in the European Economic Area (EEA),...more
On November 19, 2020, the Abu Dhabi Global Market (ADGM), a financial free-zone in the United Arab Emirates (UAE), announced the issuance of a public consultation paper on its proposed new Data Protection Regulations 2020...more
United Kingdom, French and Belgian national security laws (and such laws of other EU Member States) fell under the scrutiny of the Court of Justice of the European Union (CJEU), which on October 6, 2020, ruled on whether such...more
10/14/2020
/ Consumer Privacy Rights ,
Corporate Counsel ,
Court of Justice of the European Union (CJEU) ,
Data Collection ,
Data Privacy ,
Data Protection ,
Data Retention ,
Data Security ,
Electronic Communications ,
EU ,
General Data Protection Regulation (GDPR) ,
Member State ,
National Security ,
Personal Data ,
Personally Identifiable Information ,
Privacy Laws ,
UK
On 1 June 2020, Federal Law No. 4 of 2020 on Securing Rights over Moveable Assets (the “New Law”) of the United Arab Emirates (the “UAE”) came into effect, repealing the previous Federal Law No. 20 of 2016 on Mortgaging...more
On October 1, 2020, the three-month grace period for businesses to comply with the Dubai International Financial Centre (DIFC) Data Protection Law (DIFC Law No. 5 of 2020) (“DPL 2020”) came to an end. Regulating the...more
10/2/2020
/ California Consumer Privacy Act (CCPA) ,
Consent ,
Cybersecurity ,
Data Breach ,
Data Controller ,
Data Privacy ,
Data Processors ,
Data Protection ,
Data Protection Impact Assessments (DPIAs) ,
Data Protection Officers (DPOs) ,
Data Security ,
Data Subjects Rights ,
DIFC ,
Dubai ,
Extraterritoriality Rules ,
General Data Protection Regulation (GDPR) ,
International Data Transfers ,
Notice Requirements ,
Penalties ,
Personal Data ,
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