The FMLC has also drawn attention to the possible overlap of the new regime for stablecoins with the existing regime under the E-Money Regulations.
In order to have a better understanding of impact of Artificial Intelligence (“AI”) and Machine Learning (“ML”) on financial services, the Bank of England (the “BoE”) and the Financial Conduct Authority (the “FCA”) have established the Artificial Intelligence Public-Private Forum (“AIPPF”).
The FMLC has submitted a response to the Consultation to draw attention to concerns with regards the definition of a “qualifying cryptoasset”.
In this paper, the FMLC explores the ways in which regulators and legislators have attempted to grapple with the many varieties of virtual currencies and in particular those which have arguably come to function as money for legal purposes. The definition of “virtual currencies” in the E.U.’s Fifth Money Laundering
A meeting of the Finance and Technology Scoping Forum was held on 8 November 2018. The meeting was chaired and hosted by Carolyn Jackson of Katten Muchin Rosenman LLP. Forum […]
A meeting of the Finance and Technology Scoping Forum was held on 9 August 2018. The meeting was chaired and hosted by Catrin Lewis of the Law Society. Forum members […]
A meeting of the Finance and Technology Scoping Forum was held on 10 May 2018. The meeting was chaired by Cat Dankos of Herbert Smith Freehills LLP. Professor Andrew Godwin […]
Distributed Ledger Technology (“DLT”) systems involve databases that are shared across digital networks. DLT systems are decentralised, borderless and span several jurisdictions, which can often lead to issues of legal […]