Amid the rise of digital currency services, the US Department of the Treasury’s Office of Foreign Assets Control published a cautionary tale on December 30, 2020, discussing a recent settlement with BitGo, Inc., a California-based technology company that facilitates digital currency transactions and provides non-custodial digital wallet management services.
Continue Reading OFAC Settlement Highlights Risks for Those Dealing in Digital Currencies
Hunton Andrews Kurth LLP
EDPB Publishes Its 2021-2023 Strategy
On December 21, 2020, the European Data Protection Board released its 2021-2023 Strategy. This post reviews the four main pillars of the EDPB strategic objectives through 2023 and key actions to help achieve those objectives.…
Continue Reading EDPB Publishes Its 2021-2023 Strategy
European Commission Releases First Report on Evaluation of GDPR
As recently report on the Hunton Privacy & Information Security Law Blog, the European Commission submitted its first report on the evaluation and review of the EU General Data Protection Regulation to the European Parliament and Council.…
Continue Reading European Commission Releases First Report on Evaluation of GDPR
Digital Assets Featured in US Treasury 2020 National Strategy
The US Treasury Department recently announced its 2020 National Strategy for Combating Terrorist and Other Illicit Financing (the 2020 Strategy). The 2020 Strategy identifies the US government’s top anti-money laundering and countering the financing of terrorism priorities and serves as a roadmap of Treasury’s plan to stay ahead of evolving illicit finance threats. Digital assets feature heavily in the 2020 Strategy.…
Continue Reading Digital Assets Featured in US Treasury 2020 National Strategy
European Commission Releases White Paper on Regulation of AI and Communications on Digital and Data Strategies for Europe
As recently reported on the Hunton Privacy & Information Security Law Blog, the European Commission released a suite of documents including its White Paper on Artificial Intelligence and two communications—its European strategy for data and a Digital Strategy document. …
Continue Reading European Commission Releases White Paper on Regulation of AI and Communications on Digital and Data Strategies for Europe
Captive Insurance Offers Protection to Growing Crypto-Currency Industry
As reported last week on the Hunton Insurance Recovery Blog, crypto-asset losses continue to rise and the industry is taking steps to protect clients and investors through insurance. Crypto-exchange and custody provider, Gemini Trust Company, LLC (“Gemini”), recently launched its own captive insurance provider, Nakamoto, Ltd. Captive insurance is an alternative to self-insurance whereby a company creates a licensed insurance company to provide coverage for itself.…
Continue Reading Captive Insurance Offers Protection to Growing Crypto-Currency Industry
Structured Finance and Securitization 2019 Year in Review
In 2019, Hunton Andrews Kurth LLP’s structured finance and securitization team closed a number of substantial transactions, developed novel structures for our clients and advised on important tax, regulatory and other industry developments, including emerging uses of blockchain solutions.…
Continue Reading Structured Finance and Securitization 2019 Year in Review
Year of the CCPA
As reported last week on our Privacy and Information Security Law Blog, 2019 was the “Year of the CCPA” as companies around the world worked tirelessly to comply with the California Consumer Privacy Act of 2018.…
Continue Reading Year of the CCPA
The Growing Trend of Digital Services Taxes in Europe, and Why They Matter to US Companies
As reported in the July 26, 2019 Hunton Andrews Kurth LLP client alert, first France and now the United Kingdom have joined the growing number of European countries that have, in recent months, announced they are considering a new form of tax specifically directed at “digital” businesses. The new form of digital services tax is based on the premise that traditional methods of profit allocation between different countries are no longer fit for their purpose and that, in the context of “digital businesses”, a fresh approach needs to be adopted that takes into account the value added by the business’s user base.…
Continue Reading The Growing Trend of Digital Services Taxes in Europe, and Why They Matter to US Companies
CIPL Issues White Paper on GDPR One Year In: Practitioners Take Stock of the Benefits and Challenges
As reported in the Hunton Andrews Kurth LLP Privacy & Information Security Law Blog posted on June 6, 2019, Hunton’s Centre for Information Policy Leadership (“CIPL”) on May 31 issued a white paper on GDPR One Year In: Practitioners Take Stock of the Benefits and Challenges.…
Continue Reading CIPL Issues White Paper on GDPR One Year In: Practitioners Take Stock of the Benefits and Challenges