Category Archives: fintech (finance technology)

Lege TREND. Blockchain and Bitcoin Bills.

Michigans HB 4103 (2019 | MI) would:

  • add bitcoina nd blockchain into existing legal & financial statutes
  • prohibit rackteering related to blockchain and bitcoin
  • apply existing financial crimes to crimes utilizing blockchain, distributed ledger techniology and bitcoin

The definition of cryptocurrency used in Michigan: “digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, and that operates independently of a…

Lege TREND. Wyoming. Leader in Blockchain Legislation. 4 New Bills.

Lege Trend. Anatomy of a Strict Data Breach Notification State Bill.

  • 30 days to provide notification to consumers
  • Greater disclosures to consumers about data collected and where it is stored
  • Free credit freezes and unfreezes for a year
  • 4 years of credit monitoring- free
  • Applies Deceptive Trade Practices Act penalties to Businesses (these accrue daily and per incident)

Who is backing this bill: North Carolina  State Attorney General 

What impact does this have to businesses?

  • healthcare comapnies would see their notifcation timeline cut from 60 days to 30…

Lege TREND. Business Email Protections.

Why is statutorily protecting business email correspondence increasingly important to law makers?

Data.

What does the FBI data say about business email hacking?

  • 136% increase in identified global losses between December 2016 and May 2018
  • losses from business email total  $12.5 billio

Are there other terms I need to watch for in legislation/from clients?

  • cyber-enabled financial fraud

National Law Review | Privacy and Cybersecurity Issues to Watch in 2019

Refreshing our Recollection | Internet Bill of Rights | Hello, Telecom: Hint, Hint: This is where the left & right meet.

Activists are promoting an Internet bIll of Rights, the kind of bill state legislatures love. What would it do?

  • Keeping your “browsing history” private
    • ​Except: fraud or potential crimes  
  • Full disclosure when being monitored, and the right to opt out
  • Preserving the privacy of your social media accounts.
  • Ownership of your personal, digital content
  • Notification of injurious data breaches
  • Fair play on social media platforms and/or internet providers
  • Protecting children on social media
  • P…

Refreshing our Recollection | 3 Elements to Bitcoin Regulation

  • Caution: Conflicts of Interest.  Virtual asset trading platforms often engage in several lines of business that would be restricted or carefully monitored in a traditional trading environment.
  • Account for Abusive Trading Behavior
  • Consumer Protetctions needed

 

NY Attorney General | Virtual Markets Integrity Investigation 

5 Points. Apple Desired Information Privacy Law.

 

  • tech companies should de-identify customer data or not collect customer data
  • comprehensive federal law is necessary
    • why? tech companies that collect a lot of data are basically spies
  • people should have a right in their data, and a right to have that data minimized
  • consumers must be told what data is being collected & why
  • the data belongs to the users and users (consumers) should always have access to it

The gold standard law: GDPR in the EU

Ars Technica | Tim Cook Calls for Strong US…