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Blockchain
DAO and the Law: The Future
Decentralised Autonomous Organisations (DAOs) are an emerging method for organising community based activities using blockchain technology. In the final article in this series exploring legal issues related to DAOs in Hong Kong, Pádraig Walsh from the Digital Services and Fintech practice of Tanner De Witt…Read More
Legal Update – HKMA Consultation Conclusions on Crypto-assets and Stablecoins
On 31 January 2023, the Hong Kong Monetary Authority (the “HKMA”) issued the consultation conclusions to its discussion paper published on 12 January 2022 (the “Consultation Conclusions”). The Consultation Conclusions provide critical insights into the shape of the HKMA plans for stablecoin regulation in Hong…Read More
Legal Update: Developments in virtual asset regulation in Hong Kong
In this snapshot legal update, we report on various announcements and policy updates announced during Hong Kong FintechWeek in respect of virtual assets (“VA”). On 31 October 2022, the Securities and Futures Commission (“SFC”) issued a circular on virtual asset futures exchange-traded funds (“VA Futures…Read More
Pádraig Walsh is an Asian Legal Business Super 50 TMT Lawyer for 2022
This past year, the Tanner De Witt TMT team advised on the full range of common TMT issues, including licensing, technology procurement and integration, subscription service arrangements, virtual asset regulation, data protection, cyber, telcom regulation, and venture capital and corporate transactions. We thank our clients…Read More
The new licensing regime for Virtual Asset Service Providers: The Amendment Bill
The long-awaited Virtual Asset Service Providers (“VASP”) licence regime is coming closer with the Hong Kong government gazetting the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 on 24 June 2022 (“Bill”). We reported on the key points of the consultation and the conclusion (collectively,…Read More
Key Points in the FSTB Consultation Paper to the new licensing regime for VASPs
The Financial Service and Treasury Bureau released a consultation paper on 3 November 2020, proposing amendments to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Chapter 615, Laws of Hong Kong)(“AMLO”) to introduce a licensing regime for virtual asset services providers (“VASP(s)”). River Stone, Pádraig Walsh…Read More
Key project team members for a Security Token Offering
Security token offerings (“STO”) are a next-generation financing model that combine the benefits of blockchain technology with traditional fund raising. As with any fundraising exercise, conducting an STO can be stressful. The stress is increased as the novelty of STOs makes the process more opaque. …Read More
Pádraig Walsh moderates panel at ITechLaw 2019 Conference in Dublin
Corporate Commercial Partner Pádraig Walsh was recently in Dublin to attend the International Technology Law Association (ITechLaw)‘s 2019 European Conference in Dublin, Ireland. Held over three days at The Shelbourne Hotel, the conference featured sessions on cybersecurity, artificial intelligence, data privacy and many more topics…Read More
Pádraig Walsh records Meet the Member podcast with PrivacyRules
Corporate Commercial Partner Pádraig Walsh recently joined PrivacyRules, the only worldwide alliance with a holistic tech & legal approach to privacy matters. To celebrate his membership, Padraig recorded a ‘Meet the Member’ podcast with PrivacyRules’ Alessandro Di Mattia. In the podcast, Pádraig and Alessandro explore…Read More
Tanner De Witt to host Hodl A Drink: the Blockchain Week Edition
We are delighted to announce that we are hosting the Blockchain Week edition of Hodl A Drink, a monthly networking meetup organised by Crypto IB. The meetup will be held at our office from 7pm on Tuesday 5 March; it is an official side event…Read More
Padraig Walsh speaks at MaGESpire event “The STO Supremacy”
Corporate and Commercial Partner Pádraig Walsh spoke at an event hosted by Blockchain Venture Development & Education firm MaGESpire on “The STO Supremacy”. Held on Friday 9 November at Garage Society, the event attracted a full house of FinTech enthusiasts. About MaGESpire MaGESpire is a Blockchain…Read More
A summary of the new SFC regulatory framework for virtual assets
Executive summary Here are the five points you need to know about the changes announced on 01 November 2018 by the Securities and Futures Commission (SFC) to the regulatory framework for virtual assets: The SFC will supervise and regulate firms that distribute in Hong Kong…Read More
