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Hong Kong Introduces Regulatory Regime for Stablecoin Issuers Despite its name, the global stablecoin market has been far from stable in recent years. In response, regulators and governments across the globe have been looking at how to regulate and manage crypto.  In Hong Kong, The Financial Services and the Treasur... Process this: ICO issues £6 million provisional fine against processor Advanced Computer Software Following its initial finding that software provider Advanced Computer Software Group Ltd (Advanced, now trading as OneAdvanced) failed to implement adequate measures to protect personal data, the ICO has published its provisional decision to fine Advance... Talking AI with the experts - Faculty explain compliance through a technical lens We know that AI raises a wide range of legal risks, and that you need to understand enough about how the technology works to fully appreciate and assess those risks, but how do you gain that understanding from a trusted source when faced with a sea of var... Time is money: Court of Appeal confirms interest is payable on, and limitation periods do not apply to, past royalties due in FRAND claims The Court of Appeal has handed down its much anticipated decision in the FRAND licence dispute between InterDigital and Lenovo. Both parties had appealed aspects of the High Court’s FRAND judgment, which was handed down just over a year ago, with Lenovo c... European Commission finds X in breach of the DSA In another reminder that the Commission is actively enforcing the Digital Services Act (“DSA”), X (formerly Twitter) has been sent the Commission’s preliminary findings that it has breached the DSA. On 12 July 2024 the European Commission announced that i... EU AI Act in force today The EU AI Act entered into force today (1st August), 20 days after it was published in the Official Journal. As mentioned in my previous blog, while it will still be some time before the more substantive rules apply (most of the Act will not take effect f... EU, UK and US competition authorities publish shared principles for competition in AI On 23 July 2024, the Competition and Markets Authority, the European Commission, the US Department of Justice and the US Federal Trade Commission published a joint statement on competition in generative AI foundation models and AI products. The statement ... How should privacy teams be managing AI? Not a week goes by without AI making the headline news, one of the latest items being the landmark EU AI Act entering into force on 1 August 2024 (as discussed in this blog). Business uptake of AI continues to increase at pace, with a nearly 40% increase ... Good Governance around AI – what does it require? As AI adoption increases, and new AI laws, regulation and guidance are published, organisations are rightly focussing on their AI governance.  Importance of good AI governance  Good governance will help ensure that organisations:  have set an appropriate ... New Cyber Security and Resilience Bill announced in King’s Speech In the week that saw one of the world’s biggest IT outages, apparently caused by a cyber security firm no-less, a new Cyber Security and Resilience Bill was announced in the UK. The bill was set out in the King’s Speech on Wednesday last week (or, to be m...