MoFo Tech brings together legal insights and in-depth analyses on trends and complex issues shaping the global technology industry, covering fields such as blockchain and distributed ledger, cloud and SaaS technologies, driverless cars, drones, FinTech, computer hardware and software, the IoT, semiconductors, and telecommunications.
It’s all very well to issue regulatory guidance – but it’s what you do to enforce it that really counts. The UK financial services regulatory agencies have imposed fines exceeding $2 million on a UK bank that did not implement enough oversight on an …›
On July 10, 2019, Blockstack Token LLC (“Blockstack”), a wholly-owned subsidiary of Blockstack PBC, a Delaware public benefit corporation, became the first company to have an offering of digital assets qualified by the U.S. Securities and Exchange Commission (“SEC”) under Regulation A. Blockstack is a …›
The French data protection authority, the CNIL, continues to fine organizations for failing to adopt what the CNIL considers to be fundamental data security measures. In May 2019, the CNIL imposed a EUR 400,000 fine on a French real estate company for failing to …›
Recent Congressional activity reflects increasing concern in the fair lending implications of artificial intelligence (AI) in credit underwriting. Congress and regulatory agencies are likely to press financial services providers to better understand the AI they use and to ensure that its use does not …›
The Singapore Personal Data Protection Commission (PDPC) has had a busy year and shows no signs of slowing down. In January 2019, the PDPC handed down a record SGD 1 million enforcement related to the SingHealth data breach – a breach that resulted from …›
In two long-awaited decisions handed down yesterday and last week, respectively, the European Court of Justice (ECJ) had the opportunity to decide the fate of online or “over-the-top” (OTT) communications services under European telecommunications law – but it left several key questions unresolved In last …›
Nevada just joined California as the second state to enact an opt-out right for consumers from the “sale” of their personal information. Senate Bill 220, which was signed into law on May 29, 2019, is scheduled to take effect on October 1, 2019, three …›
Morrison & Foerster is hosting a blockchain panel discussion and reception at Tank18 on Thursday, June 20, 2019 in San Francisco. During the panel discussion, thought leaders will share how they are preparing themselves and their organizations for broader integration of blockchain technology. We will …›
Nevada recently became the first state to follow California’s lead and enact legislation that includes privacy obligations similar to those that will be imposed by the California Consumer Privacy Act (“CCPA”). Specifically, on May 29, 2019, the Nevada Governor signed into law Senate Bill …›
On May 27, 2019, the Japanese government published amended rules that aim to tighten the regulatory requirements applicable to foreign direct investment (tai nai chokusetsu toshi or FDI) under the Foreign Exchange and Foreign Trade Act of Japan (gaitame ho, or the “Act”). …›