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On January 17, 2020, the ICO published a blog post entitled “Adtech – the reform of real time bidding has started and will continue”, which provides an update on key industry changes in relation to Real Time Bidding and the ICO’s approach going forward to the issues identified in its June 2019 report.   We previously summarized the key points from the June 2019 report here, as well as an update from the ICO on…

An expert legal statement was published by the UK Jurisdiction Taskforce (UKJT, a taskforce of the UK’s Lawtech Delivery Panel) on recognising cryptoassets as property and smart contracts as enforceable agreements under English law. The two key takeaways: In principle, cryptoassets are to be treated as property under English law.A smart contract is capable of having contractual force. For more details, read the full article on Baker McKenzie’s dedicated blockchain blog.

On 10 January 2018, the UK ICO issued a fine to Carphone Warehouse amounting to £400,000, close to the maximum (of £500,000) under its current powers within the current (pre-GDPR) law. Carphone Warehouse’s computer systems, which contained significant amounts of personal data including customer and employee records as well as historic transaction details, had been the subject of an external cyber-attack.The ICO focussed on what it saw as a series of basic errors which a…

The UK has seen a successful collective action brought by data subjects against Morrisons, a large supermarket chain, relating to a data security incident.The claim itself relates to the actions of a rogue Morrisons employee who developed a grievance against the organisation and resolved to damage it. He was on the internal audit team and was the conduit for passing to the external auditor various information, including payroll information which was normally located on the…

Japan’s Financial Services Agency recently announced plans to cooperate respectively with the UK’s Financial Conduct Authority and the Monetary Authority of Singapore for the purpose of promoting fintech innovation. The collaboration is intended to reduce regulatory uncertainty and time to market, remove barriers to entry in the respective jurisdictions and otherwise further encourage innovation. Press releases issued by the regulators detailing the frameworks can be found here: Japan & UK cooperation and Japan & Singapore…