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Ukraine Legalizes Trade in Cryptocurrency and Digital Assets

Ukrainian President Volodymyr Zelenskyy signed into law a new act aimed at opening up the Ukrainian market for lawful digital asset and cryptocurrency trade. The new market will be governed by the Ukrainian National Commission on Securities and Stock Market, in cooperation with the National Bank of Ukraine.

The act specifies, among other things, the legal status and classification of ...

Israeli Privacy Protection Authority Publishes Draft Guidelines on Data Protection in Tele-Health Services

The Israeli Privacy Protection Authority (PPA) published draft guidelines on data protection and privacy obligations in tele-health services. The guidelines are addressed to healthcare organizations, clinics, health practitioners, and relevant service providers involved in data processing operations throughout the tele-health value chain.

The draft guidelines map out the relevant privacy and data-protection-related provisions in statutes, regulations, and professional rules of ...

European Commission Publishes Proposal for a Data Act

The European Commission published a proposal for a new regulation on fair access and use of data, aimed at facilitating free access to digital data across borders and sectors and preventing abuse of imbalances in negotiating power to ensure fairness in data sharing contracts.

The proposed regulations do not address personal data, but mainly technical data. Among other things, the ...

U.S. Presidential Order Calls for Examination of a Central Digital Currency

A new Executive Order issued by U.S. President Joe Biden, calls on federal agencies in the United States to examine the implications of the dramatic growth in the digital assets markets absent appropriate regulation and urges them to consider launching a U.S. Central Bank Digital Currency (CBDC).

The Order aims to reduce the risks that digital assets might pose to ...

Utah Enacts New Consumer Privacy Act

Utah Governor Spencer Cox signed the Utah Consumer Privacy Act (UCPA) into law, making Utah the fourth US state to adopt comprehensive privacy legislation, following California in 2018, and Virginia and Colorado in 2021. The UCPA will become effective on December 31, 2023.

The UCPA applies to businesses who act either as “controllers” or “processors”, and who: (1) conduct business ...

European Commission Publishes Proposal for Regulation on Fair Access and Use of Data

The European Commission published a newly proposed regulation for data access and reuse, aimed at facilitating free access to digital data by businesses, academic institutions, public administration, consumers, and other stakeholders. The proposed regulation does not aim to govern personal data, but rather technical data.

Among other issues, the proposed regulation intends to enable consumers to freely access and use ...

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