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NLJ this week: cyber law & cryptoassets

16 April 2021
Issue: 7928 / Categories: Legal News , Cyber , Technology , Financial services litigation
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2021 ‘big year’ for cryptocurrency regulation

As the importance of Bitcoin and other cryptocurrencies in the financial markets continues to rise, so too do calls for increased regulation.

Writing in NLJ this week, Celso de Azevedo and Marc Samuels, both of 36 Group, explore the most recent regulatory developments both in the UK and US. They note that Mastercard is integrating Bitcoin into its payment systems, BNY Mellon has announced plans to hold Bitcoin and cryptocurrencies for its clients and Tesla recently bought $1.5bn of Bitcoin for its corporate treasury.

‘These events reflect a surge of institutional interest in the emerging Bitcoin and cryptoasset class,’ they write. And ‘just as we have seen growth in value, so too have we seen a flurry of regulatory and political activity in connection with cryptocurrency in the first quarter of 2021.’

Their article looks at recent developments on regulation and explains why 2021 could be ‘a big year for cryptocurrency regulation’.

MOVERS & SHAKERS

DWF—19 appointments

DWF—19 appointments

Belfast team bolstered by three senior hires and 16 further appointments

Cadwalader—Andro Atlaga

Cadwalader—Andro Atlaga

Firm strengthens leveraged finance team with London partner hire

Knights—Ella Dodgson & Rebecca Laffan

Knights—Ella Dodgson & Rebecca Laffan

Double hire marks launch of family team in Leeds

NEWS
Small law firms want to embrace technology but feel lost in a maze of jargon, costs and compliance fears, writes Aisling O’Connell of the Solicitors Regulation Authority in this week's NLJ
The Supreme Court issued a landmark judgment in July that overturned the convictions of Tom Hayes and Carlo Palombo, once poster boys of the Libor and Euribor scandal. In NLJ this week, Neil Swift of Peters & Peters considers what the ruling means for financial law enforcement
Charlie Mercer and Astrid Gillam of Stewarts crunch the numbers on civil fraud claims in the English courts, in this week's NLJ. New data shows civil fraud claims rising steadily since 2014, with the King’s Bench Division overtaking the Commercial Court as the forum of choice for lower-value disputes
Bea Rossetto of the National Pro Bono Centre makes the case for ‘General Practice Pro Bono’—using core legal skills to deliver life-changing support, without the need for niche expertise—in this week's NLJ
Charles Pigott of Mills & Reeve reports on Haynes v Thomson, the first judicial application of the Supreme Court’s For Women Scotland ruling in a discrimination claim, in this week's NLJ
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