Jones Day Presents: State Regulations and Blockchain
Navigating Simplification Without Sacrificing Safeguards: Key Takeaways - As the EU begins the complex task of making the European Artificial Intelligence Act (the “AI Act”) workable in real life, the European...more
The rapid advancement of artificial intelligence (“AI”) has outpaced existing U.S. regulatory frameworks. At present, AI regulation occurs primarily on a state-by-state basis. Most states that have enacted AI laws rely on...more
The Cayman Islands continues to be one of the leading offshore jurisdictions for digital assets, with several market leaders and tier 1 projects being established in the Cayman Islands....more
The UK Financial Conduct Authority (FCA) has published an update on its AI Live Testing service. The service aims to promote the safe and responsible adoption of AI in UK financial services through a collaborative, real-world...more
Regulatory clarity in the digital assets and crypto space continues to be a moving target. Yet, the interest among policymakers and regulators worldwide has never been more pronounced....more
Artificial intelligence (AI) plays a pivotal role in shaping laws and enforcement across the United Arab Emirates (UAE), with authorities emphasising ethical AI practices and compliance. ...more
On 21 October 2025, the UK Government opened for consultation their proposal for a UK AI Growth Lab. The Government is seeking to rely on a sandbox-based model to ensure that laws continue to keep pace with rapid AI...more
In this edition of UK Equity Capital Markets Insights, we cover the following developments: • FCA Publishes Market Watch 83 - • FCA Consults on Amendments to UK Listing Rule 9 - • FCA Launches Revamped Handbook Website - ...more
On 25 June 2025, the European Securities and Markets Authority (ESMA) published its first comprehensive review of the Distributed Ledger Technology (DLT) Pilot Regime, a regulatory sandbox designed to test blockchain-based...more
The UK Financial Conduct Authority (FCA) has announced the launch of its Supercharged Sandbox, developed in collaboration with NVIDIA, as part of its AI Lab and in line with the FCA's strategy to foster economic growth. This...more
On 10 June 2025, the FCA unveiled its final proposals for the Private Intermittent Securities and Capital Exchange System (PISCES), following a comprehensive consultation process. The proposals mark a significant step in the...more
The UK Financial Conduct Authority (FCA) has published two new webpages on the Private Intermittent Securities and Capital Exchange Systems (PISCES) sandbox, a new type of trading platform designed to enable intermittent...more
On May 8, 2025, the Securities and Exchange Commission (“SEC”) held the 31st International Institute for Securities Market Growth and Development. Commissioner Peirce used this opportunity to discuss an approach to regulating...more
The Financial Services and Markets Act 2023 (Digital Securities Sandbox) (Amendment) Regulations 2025 were laid before parliament, together with an explanatory memorandum. The Regulations relate to the Digital Securities...more
Following on from the UK Government’s “Space Industrial Plan” released in March 2024, the UK Government is taking steps to overhaul its approach to regulating on-orbit servicing. The aim being to modernise the 50 year-old...more
Earlier this month, the Consumer Financial Protection Bureau (CFPB or Bureau) issued new policy statements regarding its Compliance Assistance Sandbox (CAS) and No-Action Letters (NAL) programs. ...more
On January 3, 2025, the Consumer Financial Protection Bureau (CFPB) announced a comprehensive reboot of its No-Action Letter (NAL) and Compliance Assistance Sandbox (CAS) policies. The proposed policies on its face, marks a...more
On January 10, 2025, the Consumer Financial Protection Bureau (CFPB) revived its policy statements on No-Action Letters (NALs) and Compliance Assistance Sandbox (CAS) Approvals. These unexpected changes come just days before...more
In an effort to foster innovation in financial services, the CFPB is reinstituting its programs that allow companies to obtain regulatory safe harbors through no-action letters and sandboxes to test new products and services....more
On January 3, 2025, the CFPB announced a reboot of its no-action letter and compliance assistance sandbox policy, aimed at promoting consumer-beneficial innovation in financial services. The new policies are designed to...more
Regulatory clarity in the digital assets and crypto space continues to be a moving target. Yet, the interest among policymakers and regulators worldwide has never been more pronounced. In the United States, 2024 was a pivotal...more
The Bank of England has published an updated memorandum of understanding between the BoE and the U.K. Financial Conduct Authority on the supervision of markets and financial market infrastructures...more
The FCA is approaching its design of the world’s first regulated private/public crossover market with a “private plus” rather than a “public minus” mindset. On 17 December 2024, the FCA launched a consultation on its...more
Carey Olsen has contributed to The Legal 500 Country Comparative Guide 2024 for Blockchain. The aim of this guide is to provide its readers with a pragmatic overview of the law and practice of blockchain law across a variety...more