The Senate has yet to take action on the 21st Century Act (FIT21) (H.R.4763) which passed the House by a comfortable margin of 279-136 on May 22, 2024. FIT21 is a proposed landmark piece of legislation that would enact a...more
9/13/2024
/ Bitcoin ,
CFTC ,
Cryptocurrency ,
Digital Assets ,
Fraud ,
Investment Fraud ,
Non-Fungible Tokens (NFTs) ,
Proposed Legislation ,
Proposed Regulation ,
Securities and Exchange Commission (SEC) ,
South Korea ,
Unfair Trade Practices Act ,
United Arab Emirates (UAE) ,
Whistleblowers
On 31 October 2023, Federal Law No. 51 of 2023 Promulgating the Financial and Bankruptcy Law (the Bankruptcy Law) was published in the United Arab Emirates (UAE) Official Gazette, repealing the prior federal law on bankruptcy...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
11/20/2023
/ CFTC ,
Coinbase ,
Cryptoassets ,
Digital Assets ,
Enforcement ,
FDIC ,
Financial Conduct Authority (FCA) ,
FinCEN ,
Fraud ,
Jury Selection ,
Licensing Rules ,
Securities and Exchange Commission (SEC) ,
United Arab Emirates (UAE)
On August 7, 2023, the Commissioner of Data Protection of the Dubai International Financial Centre (the DIFC), a financial free-zone in the United Arab Emirates, issued the first adequacy decision regarding the California...more
8/18/2023
/ California Consumer Privacy Act (CCPA) ,
Consumer Privacy Rights ,
Cybersecurity ,
Data Management ,
Data Privacy ,
Data Protection ,
Dubai ,
Information Governance ,
International Data Transfers ,
Personal Data ,
United Arab Emirates (UAE)
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
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