The Financial Services and Markets Act 2023 (Digital Securities Sandbox) Regulations 2023 came into force on Jan. 8, creating the U.K.'s first digital securities sandbox within which firms would be able to test new...more
The conversation surrounding cryptocurrency and blockchain technology has led to an increased interest in smart contracts. In fact, smart contracts—self-executing agreements—live on blockchain-based platforms. But what are...more
This OnPoint summarizes the panel discussion at Dechert’s annual investment funds conference that took place in Luxembourg in the last quarter of 2022. At the conference, we discussed the Regulation on the Markets of Crypto...more
Editor’s Note: On August 17, 2022, The Electronic Discovery Reference Model (EDRM) under the leadership of Mary Mack and Kaylee Walstad, hosted HaystackID as we collectively shared an educational webcast developed to...more
Blockchain technology is increasing in popularity across industries but, in its current iteration, triggers significant environmental, social, and governance (ESG) considerations. As the financial services sector...more
In this issue, we discuss the new initiatives under New York's BitLicense regime that clarify and streamline the regulatory landscape for virtual currency entities doing business within the state. We also examine the...more
Proof of work (PoW)—one of the consensus methodologies through which blockchain (digital ledger) transactions can be validated—relies on data miners whose mining activities involve solving complex mathematical calculations....more
Financial institutions M&A sector trends: fintech — H1 2019 and outlook for H2 2019 - H1 2019 has seen European fintech M&A hit new heights. Fintechs have enjoyed funding support from established financial institutions,...more
Bill to set up a 21-month grandfathering period in a "hard Brexit" scenario - The Luxembourg government has proposed legislation which would allow UK financial service providers to continue rendering certain services in...more