Tag Archives: digital

The Power of the Human Touch – the use of artificial intelligence in employment

The world of work is changing fast, in part due to unprecedented technological advancements in recent years. This pace of change can be unsettling to some and, in many cases, neither the law nor businesses have been able to catch …

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Crypto exchanges ordered to help trace stolen assets

The claimant company lost over $10m in cryptoassets to hackers who had obtained access to its systems. Although an expert was able to trace the stolen crypto (using proprietary software and public records) to various wallet addresses, the identities of …

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AI in Financial Services: Update on best practice for firms

Artificial intelligence (“AI”) has become increasingly crucial for UK firms due to the digital transformation of financial service providers in recent years. Our previous article examined the divergence between the UK and EU in AI regulation. In doing so, we …

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US sanctions imposed against “crypto mixer”

OFAC deemed Bitcoin mixer “Blender.io” to have been culpable in assisting a North Korea backed heist, which laundered over $20.5million in illicit funds. OFAC said that Blender.io, which operates on the Bitcoin blockchain, facilitated illicit transactions by obscuring their origin, …

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Digital assets law and regulation- time for an update?

Nigel Brahams, Partner and Simon de Broise, Senior Associate from Collyer Bristow’s FinTech team were joined by Professor Sarah Green, Law Commissioner for Commercial and Common Law and Matthew Kimber, Lawyer at The Law Commission, to discuss the latest issues …

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UK will tighten the regulation of cryptoassets this year

The UK government is cracking down on misleading advertising in the cryptoasset markets. The move is in response to concerns that advertisements (which are often targeted at retail investors) can sometimes overstate the benefits of, without adequately warning about the …

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GDPR and Artificial Intelligence in the workplace

In this podcast, Patrick Wheeler, Head of IP & Data Protection and Employment Associate, Patrick Kilgallon explore some concerns arising from the increasing use of AI in employee monitoring and discuss three main risks involved in implementing AI in the …

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Artificial Intelligence and the Workplace

Background As technology continues to develop, many businesses have deployed artificial intelligence (AI) software to assist in various areas such as recruitment, training, employee monitoring, disciplinary processes, and dismissals. As UK legislation is playing catch-up with the technological developments, there …

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The CMA’s Digital Markets Strategy: refreshed

The Competition and Markets Authority (CMA) has now released a refreshed version of its Digital Markets Strategy (February 2021, refresh), first published in July 2019. The updated strategy is a result of significant developments in the political and regulatory landscape …

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An update of the latest developments in crypto regulations

How to classify and regulate cryptoassets? The debate around the regulatory classification of “major” cryptocurrencies such as Bitcoin, Ether, Litecoin has been raging for years. The key issue is whether they should be classified at all and if so as …

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