
Publication
Essential Corporate News – Week ending March 31, 2023
On March 30, 2023 the Pensions and Lifetime Savings Association (PLSA) published their updated Stewardship and Voting Guidelines.
We use cookies and other similar technology to collect data about you to allow us to deliver our online services, measure our website audience and improve your browsing experience. Full details on the cookies we use are set out in our Cookies policy. Please click OK to signify your consent to our use of cookies.
You can withdraw your consent by clicking “manage cookies” and following the instructions shown.
Global | Publication | May 2016
Norton Rose Fulbright’s global blockchain and cryptocurrency team has produced a global legal and regulatory guide to cryptocurrencies.
The guide is issued in a series of chapters, published monthly.
The topic of Bitcoin and other cryptocurrencies is attracting considerable attention among central banks, regulators and legislators. The potential benefits of these technologies are well known, including their ability to lower transaction costs, reduce payment timeframes and improve financial inclusion. There are also a multitude of perceived risks that the authorities and stakeholders are exploring in order to identify the regulatory measures that may be necessary to mitigate concerns over security, consumer protection and financial crime.
So far, the global legal and regulatory response to cryptocurrencies has been fragmented with a patchwork of uncoordinated initiatives developing in different jurisdictions. In the US and Asian markets, legislative action has already been taken or is underway. There is the potential in the EU, Australia and Canada for market participants that act as gateways between conventional currencies and cryptocurrencies, such as exchange platforms, to be declared subject to anti-money laundering and counter terrorist financing (AML and CTF) requirements. In other regions, activities related to cryptocurrencies may be prohibited or are otherwise heavily restricted.
As a general rule, where no specific steps have been taken to regulate cryptocurrencies in the relevant jurisdiction, it would be necessary to refer to the existing legal and regulatory frameworks to understand how they might apply to the new circumstances that the technology enables. This is particularly important where cryptocurrencies arise in the context of industries that are already significantly regulated, such as cryptocurrency-related insurance or investment products, which we do not consider further in this Chapter.
This Chapter outlines the main regulatory developments affecting cryptocurrencies in the US, China, the EU, Canada and Australia.
If you would like to discuss any aspect of this topic further, please get in touch.
Publication
On March 30, 2023 the Pensions and Lifetime Savings Association (PLSA) published their updated Stewardship and Voting Guidelines.
Publication
Want to understand how to prioritise and develop your legal department’s roadmap? Stephanie Hamon will be sharing her tips on how to better define roles, manage workload, use technology and establish processes at the 3rd Annual Legal Operations Summit in Berlin this year.
Publication
The Chancellor’s Spring Budget 2023 speech was based on the four Es, that is, "enterprise, education, employment and everywhere", with a clear focus on encouraging investment and productivity. The big-value item was the change to the capital allowances rules with the introduction of three-year "full expensing" for qualifying main rate plant and machinery. The Spring Budget 2023 also included proposals for 12 UK investment zones, and reforms to personal pensions designed to incentivise older workers to stay in work.
Subscribe and stay up to date with the latest legal news, information and events...
© Norton Rose Fulbright LLP 2023