Day: November 18, 2019

On 18^th November, the Law Society Gazette reported on an authoritative legal statement published by the UK jurisdiction taskforce of the LawTech Delivery Panel.  It says that cryptoassets, including but not restricted to, virtual currencies, can be treated in principle as property, and that smart contracts are capable of satisfying the requirements of contracts in English law.

https://www.lawgazette.co.uk/law/cryptoassets-and-smart-contracts-valid-in-english-law/5102211.article

The statement itself can be found at –

https://technation.io/about-us/lawtech-panel/

Eversheds Sutherland comments on the guidance, having taken part in the process, and saying that perhaps the most welcome aspect of the Report is as regards the recognition that a private key can be a signature.

https://www.eversheds-sutherland.com/global/en/what/articles/index.page?ArticleID=en/Financial_services/ukjt-crypto-181119

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

On 18^th November, FATF published a follow-up report to the 2016 mutual evaluation report on Singapore.  FATF has re-rated the country on a number of Recommendations and Singapore is now compliant on 20 of the 40 Recommendations and largely compliant on 17.  It will remain in enhanced follow-up on the basis that it has 3 Recommendations remaining rated PC for technical compliance, and 7 Immediate Outcomes remaining rated ME/LE (out of which one Immediate Outcome is rated LE) for effectiveness.  In accordance with the FATF Procedures, Singapore will continue to report back to the FATF on progress to strengthen its implementation of AML/CFT measures.

http://www.fatf-gafi.org/media/fatf/documents/reports/fur/Follow-Up-Report-Singapore-2019.pdf

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

On 18^th November, KYC 360 carried a Guardian report saying that 3 prime ministers (of St Lucia, Albania and Montenegro) appeared on the stage at an event in London.  There was also a Maltese minister, an ambassador from Antigua and Barbuda, and representatives from Cyprus.  The global citizenship conference was concerned with citizenship-by-investment programmes.

https://www.riskscreen.com/kyc360/news/london-ballroom-hosts-showcase-event-for-golden-passports/

https://www.theguardian.com/news/2019/nov/16/london-ballroom-hosts-showcase-event-for-golden-passports

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y