Joseph Kamyar

Sep 16, 2024 | lexology.com | Sebastian Barling |Simon Toms |Joseph Kamyar |Frances Burchall

On 11 September 2024, the UK government introduced the Property (Digital Assets etc) Bill, which provides that digital assets can be considered to be personal property under the laws of England and Wales, and could therefore be afforded the same legal protections as other, traditional categories of personal property. Digital assets include cryptocurrencies, non-fungible tokens (NFTs) and carbon credits. The bill itself is very brief.

Sep 9, 2024 | jdsupra.com | Sebastian Barling |Joseph Kamyar |Simon Toms

As the UK Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) consider feedback to their consultation on guidance regarding the UK change-in-controller regime (consultation paper 25/23), we provide a refresher on how the current rules apply to fintech investors, changes on the horizon and what that may mean for fintech investment terms.

Aug 13, 2024 | jdsupra.com | Sebastian Barling |Joseph Kamyar |Simon Toms

On 7 August 2024, the UK Financial Conduct Authority (FCA) published an update regarding its ongoing assessment of crypto firms’ adherence to the cryptoasset financial promotions rules introduced in October 2023. See our 23 October 2023 client alert “UK Cryptoasset Financial Promotions: FCA Takes Firm Stance on Enforcing New Rules”. These rules require that financial promotions are either made by (a) authorised or registered cryptoasset firms, or (b) approved by an authorised firm.

Aug 12, 2024 | lexology.com | Sebastian Barling |Simon Toms |Joseph Kamyar |David Wang

On 7 August 2024, the UK Financial Conduct Authority (FCA) published an update regarding its ongoing assessment of crypto firms’ adherence to the cryptoasset financial promotions rules introduced in October 2023. See our 23 October 2023 client alert “UK Cryptoasset Financial Promotions: FCA Takes Firm Stance on Enforcing New Rules”. These rules require that financial promotions are either made by (a) authorised or registered cryptoasset firms, or (b) approved by an authorised firm.

Aug 5, 2024 | jdsupra.com | Sebastian Barling |Frances Burchall |Joseph Kamyar

On 30 July 2024, the Bank of England published a discussion paper on its approach to innovation in money and payments (the Discussion Paper). A recurring theme is the Bank of England’s focus on the potential use of distributed ledger technology as a means of facilitating transactions in financial markets, whether that be through programmable ledgers, including tokenised deposits and stablecoins, or other methods.