Spotlight on Bitcoin trading funds
The price of Bitcoin has climbed since the SEC allowed new trading funds. Martyna Dudek explains what’s changed and the FCA’s own moves to allow crypto trading….
Commerce, Contracts & Finance
Apple fined €1.8 billion over App store rules for music streaming providers
The European Commission has fined Apple over €1.8 billion for abusing its dominant position on the market for the distribution of music streaming apps to iPhone and iPad users (‘iOS users’) through its App Store. In particular, the Commission found that Apple applied restrictions on app developers which prevented them from informing iOS users about…
Read More… from Apple fined €1.8 billion over App store rules for music streaming providers
Digital Services Act starts applying to all online platforms in the EU
The DSA started to apply on 17 February 2024. On 17 February, the Digital Services Act (DSA), started to apply to online intermediaries in the EU with the exception of certain SMEs and micro-businesses. The DSA aims to ensure that EU users are better protected against illegal goods and content and have their rights upheld…
Read More… from Digital Services Act starts applying to all online platforms in the EU
DMCC Bill to be amended to cover fake reviews and drip pricing
The Bill is currently at Committee stage in the House of Lords….
Read More… from DMCC Bill to be amended to cover fake reviews and drip pricing
Advocate General issues opinion on interpretation of E-commerce Directive and Platform to Business Regulation
A Member State cannot impose general and abstract obligations on an online service provider operating on its territory but established in another Member State….
Advocate General Kokott proposes that the Court of Justice confirm the fine of €2.4 billion imposed on Google
The fine was imposed on Google for favouring its own comparison shopping service….
CMA says Adobe/Figma deal could harm UK digital design sector
Last week, the European Commission informed Adobe of its preliminary view that its proposed acquisition of Figma may reduce competition in the global markets for the supply of interactive product design software and of other creative design software. The CMA has now provisionally found that Adobe’s deal to buy Figma would be likely to harm…
Read More… from CMA says Adobe/Figma deal could harm UK digital design sector
Initial Coin Offerings: Table of Regulation (APAC, UK & US)
Jurisdiction Recent developments and current approach Abu Dhabi Middle ground approach – ICOs potentially treated as securities, cryptocurrencies are commodities. The Financial Services Regulatory Authority released guidelines on ICOs and digital currencies on 9 October 2017 – stating that: ICOs may be viewed as securities depending on the circumstances; and digital currencies are not considered…
Read More… from Initial Coin Offerings: Table of Regulation (APAC, UK & US)
UK negotiating position on US trade talks: the techlaw aspects in summary
UK government says agreement will be “geared towards maximising the UK’s reach in emerging fields like global data flows and artificial intelligence”….
Read More… from UK negotiating position on US trade talks: the techlaw aspects in summary
Guidance on GDPR Codes of Conduct and Certification schemes published by ICO
ICO considers schemes will provide benefits to both data controllers and processors and aid compliance with the GDPR….
Read More… from Guidance on GDPR Codes of Conduct and Certification schemes published by ICO