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Articles

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Articles

 

22 June 2018    [US] Bitcoin Just Got a Shoutout in a New US Supreme Court Opinion

19 June 2018    [France] Five Takeaways From Macron’s Plan to Revamp French Business

14 June 2018    [Thailand] Thailand’s SEC Expects to Approve 5 ICOs This Month

14 June 2018    [US] Digital Asset Transactions: When Howey Met Gary (Plastic)

1 June 2018      [Hong Kong] Circular to intermediaries on compliance with notification requirements

24 May 2018    [Singapore] MAS warns Digital Token Exchanges and ICO Issuer

23 May 2018    [China] China Prosecutes 98 Over Alleged $2 Billion OneCoin Pyramid Scheme

22 May 2018    [UK] Bank of England’s written submission on digital currencies

22 May 2018    [UK] Financial Conduct Authority’s written submission on digital currencies

22 May 2018    [US] South Carolina Sanctions Startup Over Unregistered Token Sales

22 May 2018    [US] Bitcoin Brokerage Denies Tezos ICO Involvement in Court Filing

21 May 2018    [US] CFTC Staff Issues Advisory for Virtual Currency Products

19 Apr 2018    [Macau] Macau issues cryptocurrency crime warning after link to former triad boss emerges

13 Apr 2018    [Kenya] Kenya’s Central Bank Chief Warns Again On Crypto Risks

11 Apr 2018    [Taiwan] Taiwan Moves to Capture Bitcoin Under Money Laundering Laws

11 Apr 2018    [UK] Bank of England Eyes Private Blockchain Oversight

4 Apr 2018    [Hong Kong] SFC eyes instant messaging schemes

19 Mar 2018    [Hong Kong] SFC’s regulatory action halts ICO to Hong Kong public

19 Mar 2018    [US] ICOs Iced: A 12-Month Freeze on US Token Trading May Just Be Beginning

16 Mar 2018    [China] Gov’t-Affiliated Investment Association In China To Launch Blockchain ‘Center’

14 Mar 2018    [US] SEC Probes Cryptoasset Hedge Funds as Regulators Ramp up ICO Scrutiny

13 Mar 2018    [South Korea] Initial Coin Offering Ban in South Korea Could Soon Have an End

13 Mar 2018    [China] China is Working Toward National Blockchain Standards

9 Mar 2018    [China] Cash Might Die but No Hurry to Develop Digital Currency: China Central Bank Chief

8 Mar 2018    [Japan] Japan’s Finance Watchdog Suspends Two Crypto Exchanges

7 Mar 2018    [US] Statement on Potentially Unlawful Online Platforms for Trading Digital Assets

16 Feb 2018    [Switzerland] FINMA Publishes ICO Guidelines

16 Feb 2018    [Switzerland] FINMA ICO Guidelines

15 Feb 2018    [Malaysia] Public Are Deciding Crypto’s Future In Malaysia

12 Feb 2018    [EU] EU regulators warn consumers cryptocurrencies are ‘highly risky’ and unsuitable for investment

9 Feb 2018    [Hong Kong] SFC warns of cryptocurrency risks

6 Feb 2018    [Hong Kong] Guideline on Authorization of Virtual Banks

6 Feb 2018    [US] Testimony on “Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission”

6 Feb 2018    [US] Written Testimony of Commodity Futures Trading Commission

5 Feb 2018    [China] China to stamp out cryptocurrency trading completely with ban on foreign platforms

1 Feb 2018    [India] India Just Caused the Price of Bitcoin to Slide Again

31 Jan 2018    [Korea] South Korea says it has no plans to shut down cryptocurrency trading

23 Jan 2018    [Korea] Financial Measures To Curb Speculation In Cryptocurrency Trading

18 Jan 2018    [US] Staff Letter: Engaging on Fund Innovation and Cryptocurrency-related Holdings

16 Jan 2018    [China] PBOC official says China’s centralized virtual currency trade needs to end: source

15 Jan 2018    [France] France declares war on the cryptocurrencies Bitcoin, Ethereum, Litecoin and Ripple – could tough new stance lead to a ban?

15 Jan 2018    [China] China Escalates Crackdown on Cryptocurrency Trading

2 Jan 2018    [Korea] South Korea Sets Date for Anonymous Crypto Trading Ban: Report

21 Dec 2017    [US] FINRA Warns Investors: Don’t Fall for Cryptocurrency-Related Stock Scams

19 Dec 2018    [Singapore] MAS cautions against investments in cryptocurrencies

11 Dec 2017    [US] Statement on Cryptocurrencies and Initial Coin Offerings

11 Dec 2017    [Hong Kong] Circular to Licensed Corporations and Registered Institutions on Bitcoin futures contracts and cryptocurrency-related investment products

1 Dec 2017    [US] Feds shut down allegedly fraudulent cryptocurrency offering (Plexcorps case)

30 Nov 2017    [US] Fed’s Quarles warns that digital currencies like bitcoin pose ‘serious financial stability issues’ as they grow

21 Nov 2017    [Singapore] MAS Launches Second Consultation on New Regulatory Framework for Payments

15 Nov 2017    [Singapore] Monetary Authority of Singapore Issues Guidelines on ICOs

13 Nov 2017    [EU] ESMA Highlights ICO Risks for Investors and Firms

14 Nov 2017    [Singapore] A Guide to Digital Token Offerings

9 Nov 2017    [Germany] Consumer warning: the risks of initial coin offerings

1 Nov 2017    [US] Investor Alert: Celebrity Endorsements

1 Nov 2017    [US] Statement on Potentially Unlawful Promotion of Initial Coin Offerings and Other Investments

30 Oct 2017    [Vietnam] Information related to the use of virtual currency

27 Oct 2017    [Singapore] Singapore mulls putting ICOs in regulatory sandbox

26 Oct 2017    [Hong Kong] SFC warns on coin offers

26 Oct 2017    [France] The AMF Publishes a Discussion Paper on Initial Coin Offerings and Initiates Its UNICORN Programme

14 Oct 2017    [India] India’s Central Bank is ‘Working’ on Bitcoin Regulation: Official

11 Oct 2017    [Russia] Putin Asks Russia’s Central Bank to Stand Down Over Cryptocurrency Ban

10 Oct 2017    [Taiwan] Challenging China: Taiwan Supports Mainstream Adoption of ICOs and Bitcoin

10 Oct 2017    [Ukraine] Ukraine Proposes Law to Completely Legalize Cryptocurrency Transactions

9 Oct 2017    [Abu Dhabi] Abu Dhabi’s Financial Services Regulatory Authority Provides Token Offering, Virtual Currency Guidance

6 Oct 2017    [UK] UK Central Bank Unveils Blockchain Data Privacy Pilot

6 Oct 2017    [Singapore] Singapore’s Central Bank Plans to Regulate Bitcoin Payments

6 Oct 2017    [Taiwan] Taiwan Follows Bitcoin-Friendly Japan, Avoids China & Korea ICO Bans

5 Oct 2017    [Malaysia] Malaysia’s Central Bank Is Considering a Cryptocurrency Ban

4 Oct 2017    [Hong Kong] Potential Delisting of Tokens Pending Compliance Review

29 Sep 2017    [Switzerland] FINMA Guidance 04/2017 – Regulatory treatment of initial coin offerings

30 Sep 2017    [Hong Kong] Hong Kong fast developing as a cryptocurrency centre

29 Sep 2017    [US] SEC Exposes Two Initial Coin Offerings Purportedly Backed by Real Estate and Diamonds

29 Sep 2017    [Japan] Japan Issues Licenses for 11 Bitcoin Exchanges

29 Sep 2017    [Hong Kong] Circular to announce the SFC Regulatory Sandbox

29 Sep 2017    [Switzerland] FINMA Is Investigating ICO Procedures

27 Sep 2017    [Macau] Alert to Risks of Virtual Commodities and Tokens

21 Sep 2017    [Hong Kong] HKMA Chief Warns Of Money Laundering Risks Associated With Bitcoin And Digital Currencies

14 Sep 2017    [Thailand] SEC Thailand’s Viewpoint on ICO

13 Sep 2017    [Dubai] DFSA Issues General Investor Statement on Cryptocurrencies

12 Sep 2017    [UK] Consumer warning about the risks of Initial Coin Offerings

7 Sep 2017    [Malaysia] Media Statement on Initial Coin Offerings

5 Sep 2017    [Hong Kong] SFC issues statement on initial coin offerings

4 Sep 2017    [China] Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal

24 Aug 2017    [Canada] CSA Notice of Cryptocurrency Offerings

10 Aug 2017    [Singapore] Singapore tells Consumers to Exercise Due Diligence on Initial Coin Offerings

1 Aug 2017    [Singapore] MAS clarifies regulatory position on the offer of digital tokens in Singapore

8 May 2017    [Gibraltar] Gibraltar Finance – Proposals for a DLT Regulatory Framework

Mar 2016    [EU] Virtual Currencies Challenges Following Their Introduction

17 Sep 2015    [US] CFTC Orders Bitcoin Options Trading Platform Operator and its CEO to Cease Illegally Offering Bitcoin Options and to Cease Operating a Facility for Trading or Processing of Swaps without Registering

6 Feb 2015    [US] New York SAPA’s BitLicense Regulatory Framework

29 Oct 2014    [US] FinCEN Issues New Rulings Covering Virtual Currency Exchanges and Payment Processors

4 Jul 2014    [EU] EBA Opinion on ‘virtual currencies’

      

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Fintech Licensing

by admin admin 4 Comments

Due to the novel nature of Fintech, a business may face legal and regulatory uncertainties. At L&Y we are committed to navigating our clients though the legal and regulatory landscape by leveraging our expertise and experience with the relevant Hong Kong financial regulations. We offer consultancy services for application for various licences in Hong Kong, including but not limited to the Money Services Operators Licence (“MSO”), the Money Lenders Licence (“MLO”), and the Stored Value Facilities Licence (“SVF”). We also advise clients on the applicability of the relevant securities, futures, anti-money laundering/ counter terrorism financing and data privacy legislation and regulations.

Smart Contracts

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Smart contracts are software implementations of legal contracts.  They enhance the efficiency of the contracting process, a streamlined logistics chain and provide a superior level of security. As part of our commitment to innovation, L&Y is proud to offer smart contract legal services to our clients, we have partnered with well renowned developers to deliver legally enforceable customised smart contracts governed by Hong Kong law.

Initial Coin Offerings

by admin admin 8 Comments

Initial Coin Offering, Token Sale or Coin sales (“ICO”) are an innovative new way of raising capital for project based ventures. Hong Kong is becoming a strong ICO hub due to its regulatory systems, business friendly tax system, robust corporate services industry and its proximity to the Chinese cryptocurrency market. L&Y was one of the law firms advising the very first public ICO in Hong Kong on a wide variety of issues including regulatory advisory, marketing, strategy and technology advisory. L&Y works closely with the client’s ICO team to ensure all aspects of the ICO are catered for in a diligent manner.  We believe that our passion for innovation motivates us to deliver considerable added value for our clients and their ICO projects.

by admin admin 3 Comments

We are experienced in handling legal matters relating to Telecommunications, Media and Technology (TMT) and innovative business, including P2P lending, encrypted currency and blockchain. Furthermore, we provide one-stop service to clients and advise on data protection, intellectual property and know-how protection, application for licenses, and liaising with relevant regulatory bodies.

 

Technology Management

by admin admin 5 Comments

Blockchain technologies are rich in innovation and ideas that can generate considerable value for our clients. At L&Y, we advise our clients on the intellectual property and technology management strategies to assist our clients in deriving the maximum value from their intellectual property.  Our team possesses expertise in Blockchain intellectual property practice, we offer advisory services on patents, trademarks, copyrights, designs etc. in addition to services covering the prosecution, acquisition, licensing and enforcement of intellectual property.

Corporate and Business

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We offer comprehensive and tailor-made legal services to industrial and service sectors on a wide range of matters such as manufacturing, distribution, sale and purchase of goods, franchise, marketing, licensing, employment contract, employee benefits, and competition law.

Insurance & Regulatory

by admin admin 3 Comments

We provide a broad range of customised legal services to financial and insurance institutions, including but not limited to application for licenses, sales team management, and insurance products compliance.

Securities & Futures

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We offer comprehensive assistance to financial service companies in establishing companies and acquiring relevant licenses in Hong Kong. We advise clients on their investment services and investment products in accordance with the Securities and Futures Ordinance, Listing Rules and other relevant regulations. Furthermore, as Hong Kong SAR becomes an important financial hub for investment funds in Asia, we also place heavy emphasis to provide compliance services and relevant advices to the investment funds and fund managers.

Corporate Finance and Capital Market

by admin admin 6 Comments

We are experienced in advising clients on Listing Rules, corporate compliance and other relevant laws. We represent sponsors, underwriters, listed companies and private companies in placing, rights issue and other capital and debt financing activities. We assist clients to list in the Hong Kong Stock Exchange (IPO), handle pre-IPO matters such as preliminary financing and restructuring, as well as to liaise with the Stock Exchange regarding the suitability for listing on behalf of the clients. Furthermore, we specialise in advising sponsors on Listing Rules and compliance matters, and to liaise with regulatory bodies on their behalf.