Tag Archives: EU

We’re Expecting… 9 Months to Go to GDPR Overhaul of EU Data Protection Regime

As most will be at least vaguely aware, Europe is expecting… the arrival into force of the EU General Data Protection Regulation – the GDPR – is now only 9 months away. This significant overhaul and enhancement of European data protection legislation is the brain-child of the EU Commission, Parliament, and Council. It has also most likely been sired by Germany, with many of the new rules regarding data subject rights to access, deletion, and portability heavily influenced by German legal thinking in this area. As  Dr. Sebastian Golla has pointed out, the German Constitutional Court has stated in its decisions that the basic right to informational self-determination (Informationelle Selbstbestimmung) is the basis of German Data Protection Law. Continue reading We’re Expecting… 9 Months to Go to GDPR Overhaul of EU Data Protection Regime

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The Virtual Currency Gold Rush and the Regulatory Wild West

Since my departure from the world of full-time academia, I have dedicated noticeably less time to writing new content for this site – however, not for want of subject matter. In the course of my recent work on AML (Anti-Money Laundering) and CFT (Countering the Financing of Terrorism) I have been deeply engaged with an old favourite topic of mine – digital payment methods. Specifically, both e-money and virtual currencies have cropped up on numerous occasions as innovative, though oft ill-understood, developments, which are raising a number of issues for AML/CFT and regulation more broadly. In this post, I will attempt to give a quick overview of virtual currencies from a prospective regulatory angle, focusing on the importance of clear and logical definitions (where possible), but leaving any more technical analysis of individual virtual currencies or underlying blockchain or distributed ledger technologies to another day. Continue reading The Virtual Currency Gold Rush and the Regulatory Wild West