Decoded: Technology Law Insights, Volume 3, Issue 7 | Spilman Thomas & Battle, PLLC - JDSupra - JD Supra
Britain Announces Plans to Mint Its Own NFT as It Looks to ‘Lead the Way’ in Crypto -
"Glen said the government was also 'widening' its gaze to look at other aspects of crypto, including so-called Web3, a movement that proposes a more decentralized version of the internet built on blockchain technology."
Why this is important: The Royal Mint has been tasked with creating and issuing the U.K. government’s first official NFT. This announcement would appear to be a well-timed PR move to bring attention to the push to make the U.K. a leader in the field of crypto. City Minister John Glen outlaid a number of key points in the plan to accomplish this goal during a London fintech event; key among which is the focus on bringing so-called stablecoins (a type of cryptocoin that derives value from sovereign currencies) into existing electronic payment regulations. These announcements and outlines come at a time that other governments are also pushing focus towards embracing crypto and beginning to regulate in the field, with many taking tentative first steps into a field where the impacts of broad-ranging regulation is simply unknown. With the U.K. now firmly declaring its intent to become a world crypto-hub, and beginning to layout actual steps to achieve this goal, pressure will be on the U.S. and other countries to double-down on their own such efforts.
Please see full Newsletter below for more information.
in Gettysburg, PA. We are a sponsor and will be in attendance. We would love to see you there. Click
"Glen said the government was also 'widening' its gaze to look at other aspects of crypto, including so- called Web3, a movement that proposes a more decentralized version of the internet built on blockchain
Why this is important: The Royal Mint has been tasked with creating and issuing the U.K.
come at a time that other governments are also pushing focus towards embracing crypto and beginning
ranging regulation is simply unknown. With the U.K. now firmly declaring its intent to become a world
"The decision here is simple, the plaintiffs sued WM for a data breach, but failed to allege that any of
Why this is important: You would not think that something as low tech as picking up garbage would
information. What this means is that an entity that is the victim of a data breach is not strictly liable to
"A task force created by University of Pittsburgh, for instance, has published a report examining the use
Why this is important: Public algorithms are a potentially invaluable tool to local governments that
"PetSmart required warehouses workers to use the technology to create an individual voiceprint, unique
Why this is important: This article reports on another lawsuit brought under Illinois's Biometric
work functions. The lawsuit alleges that PetSmart failed to obtain workers' consent to collect their
$5,000 for intentional violations. It isn't the only state statute that addresses biometric privacy. We've
they might be collecting, maintaining, and using information that falls under these statutes. --- Nicholas
Why this is important: Many think that we already completed analysis of the human genome. We did,
Why this is important: Do you want everyone to know every financial transaction you make? If you
Why this is important: While cryptocurrency booms and matures, security concerns abound. As the
source: https://www.jdsupra.com/legalnews/decoded-technology-law-insights-volume-2320048/
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.