Books aren’t exactly people, but it’s still the four year anniversary of my 2014 work, Minilateralism. In it, I suggested that the future would bring less multilateralism, smaller trade alliances, fewer formal accords and a possible alternative international money. Okay, … Continue Reading
One overlooked strategic disadvantage in a trade war with China (and the EU)
There has been a considerable amount of deliberation about the comparative advantages the United States may (or may not) have in a trade war with China. Putting aside the economic arguments, which I think one would honestly have to concede … Continue Reading
Yes, Insider Trading Laws Can Apply to Cryptocurrency Transactions
I received an interesting question on my Twitter feed this weekend: “I would like to hear some legal opinions on this idea that there’s no such thing as insider trading in (cryptocurrency).” The question caught my attention because it’s certainly … Continue Reading
ESMA introduces limits on cryptocurrency trading
This week, the European Securities Markets Authority imposed a 2×1 leverage limit on cryptocurrency derivatives called “contracts for difference.” It’s a change from some 5×1 proposals, though not as low as 1×1, which the European agency had warned. Interestingly, CFDs … Continue Reading
A funny change of pace–reactions of normal people being offered the opportunity to be paid in cryptocurrencies
Here are the video recordings–which are in many cases, truly funny. (That is, until you consider how much they probably reveal about the attitudes, and information, of many investors).
EBA releases a Fintech Roadmap
I missed this, but the EBA released last month a Fintech roadmap setting out the steps and milestones for the upcoming year. Among the interesting work, as per lexology: promoting cybersecurity standards and best practices reviewing consumer protection approaches across … Continue Reading
Brexit Day is Less than a Year Away…with a Lot More to Do
So after an entirely interesting panel today at IIEL on Brexit and the law, I learned that by Brexit Day, March 29, 2019, a finalized UK withdrawal agreement will have not only have been finalized—but also ratified by half of … Continue Reading
Blockchain Technology Could, Ironically, Help Enable Securities Lawsuits
As every student of securities law learns, Section 11 of the 1933 Act provides one of the most powerful means of redress for investors in public offerings by exposing the issuer, underwriters and others to liability wherever an investor acquires … Continue Reading
France to Introduce New Rules for ICOs, Cryptocurrencies
Interestingly, French regulators are planning to introduce new rules for ICO’s designed to attract more crypto-transactions to the Europe. I’ll be blogging about it more in the upcoming weeks, and its impact for EU regulation, but I think it’s safe … Continue Reading
RMB-denominated debt to be included in major index
For the first time, renminbi-denominated debt will now be included in a major global benchmark index, the Bloomberg Barclays global index, giving foreign investors the opportunity to invest in China’s largely untapped bond market. Marketwatch reports: The move means now … Continue Reading