The CFTC has jurisdiction to regulate the virtual currency markets, NY District Court holds

On March 6, 2018, the U.S. District Court for the Southern District of New York found that the Commodity Futures Trading Commission (CFTC) has standing to exercise its enforcement power over fraud related to virtual currencies sold in interstate commerce. According to the facts, Defendants offered fraudulent trading and investment services related to virtual currency. “Virtual […]

German Parliament approves law sanctioning social media operators that do not delete hate speech

  On June 30, 2017, the German Parliament, the Deutscher Bundestag, approved the Telemedia Act, Netzwerkdurchsetzungsgesetz (NetzDG), which obligates the operators of Internet social media platforms to remove posts within 24 hours that violate German law and have been reported by other users. “Effective sanctions” shall apply to the social media platforms that do not […]


Bitcoin exchange agreements must comply with consumer protection rules, Italian court holds

On January 24, 2017, a court of Verona (Italy) relied on the European Court of Justice’s decision in Case C‑264/14 to hold that the transactions in which a traditional currency is exchanged for units of Bitcoins and vice versa are “supply of services for consideration” contracts. Indeed,  Bitcoins are given in return for the “payment of a sum equal to the […]

ICANN: IANA stewardship functions transitioning to private sector

IANA stewardship functions transitioned to private sector when on October 1, 2016, the contract ICANN-U.S. Government ended The Internet Corporation for Assigned Names and Numbers (ICANN) is a nonprofit organization responsible for coordinating maintenance and procedures of several databases related to the namespaces of the Internet. Basically, it coordinates unique identifiers across the world (users’ addresses), allowing […]

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Francesca Giannoni-Crystal and Allyson Haynes Stuart, EU data protection and cybersecurity law as applied to the IoT – some thoughts about why it is inadequate

Internet-of-Things (IoT) (or internet-of-everything as it is often interchangeably called-) is a buzzword and it is all over. At present, the news is more technological than legal. Nonetheless, the IoT triggers some worrisome legal issues, among which data collection, data security, and invasion of privacy are among the most compelling. Actually, these issues are imposing because […]

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It is ethical to crowdfund new law firms and their websites, NYSBA opines

On June 29, 2015, the New York State Bar Association (NYSBA) released Opinion 1062, allowing law firms to engage in certain types of crowdfunding. Several law school graduates, who planned to start a small firm asked the NYSBA if it was ethically permissible to raise start-up funds via internet websites through “crowdfunding” to cover start-up […]

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Columbia Casualty v. Cottage Health System, i.e. when your cyber-insurance is not what it seems

  In Columbia Casualty Co. v. Cottage Health System, the insurer Columbia Casualty (“Columbia”), a unit of CNA, sued Cottage Health System (“Cottage”), which operates a network of hospitals located in Southern California, seeking to obtain a declaratory judgment that it was not obliged to defend or indemnify Cottage. Cottage had a NetProtect360 claims-made policy […]


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