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The UK Chancellor of the Exchequer, Jeremy Hunt, delivered the Autumn Statement to Parliament on Wednesday 22 November 2023. In this Special Edition, we summarise some of the interesting updates which are, or may become, relevant for FinTech and financial services regulation.Read more
In May 2023 we reported on the IP infringement decision of the Californian District Court, in relation to the dispute between the creators of the Bored Aped Yacht Club (BAYC) non-fungible token (NFT) collection, Yuga Labs, and the ‘artists’ Ryder Ripps and Jeremy Cahen. In that decision, the Court found against the defendants and, on 25 October 2023, the order for damages was handed down. This blog post looks at the recent damages decisions and its implications. Read more
On 30 October 2023, the government published three policy documents on cryptoassets regulation in the UK, covering fiat-backed stablecoins, the wider cryptoasset regulatory regime and the failure of systemic digital settlement asset (DSA) firms. On the whole, the updates confirm the approaches previously proposed. However, much of the detail will only emerge in the next phase once secondary legislation and regulators' rules have been published. Read more