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The former CFTC chair told a NEX panel that the international cooperation is in jeopardy

Similar rules now apply to both online and bricks-and-mortar lenders

Rusmaini Lenggogeni, Fahrul Yusuf and Harry Kuswara of SSEK look at Indonesia’s clamp down on virtual currencies and the future potential of blockchain

Bitcoin and other cryptocurrencies have been in the public spotlight in the last 18 months due to the drastic fluctuations in their values. Although still limited, the number of places where cryptocurrencies can be used as payment has been growing in recent times. However, most countries lack specific regulations on the issuance or use of cryptocurrencies, and there exists no clear definition of their legal nature in terms of whether they could be defined as actual currency or other assets of value, or whether they are just pieces of computing data without any intrinsic value. Due to the growing importance of regulatory aspects and legal identity in civil and criminal law, particularly in relation to confiscation, there is an urgent need to establish an appropriate definition and specify the legal nature of cryptocurrency as soon as possible.

In December 2016, the government approved the principles for the establishment of the first three special administrative-economic units (SAEUs) in Vietnam, including Van Don (Quang Ninh), Bac Van Phong (Khanh Hoa) and Phu Quoc (Kien Giang). According to the final draft of the law on SAEUs which is scheduled to be voted upon by the National Assembly in June 2018, each SAEU will focus on different specialised industries:

Nancy Mitchell Tony Carbone Regional central American firm Expertis has merged with Spanish firm ECIJA.

Ashurst is set to launch a new office in Luxembourg, in October. Partner Isabelle Lentz, the head of the firm’s Luxembourg desk, founded in 2011, will be managing partner of the office.

The US financial system is under threat, and experts believe that the structured finance space is likely to be the cause of the next financial crisis

Shihani Soysa Chune Loong Lum In China, Linklaters announced that it has received regulatory approval from the Shanghai Bureau of Justice for its joint operations with Zhao Sheng Law Firm.

Forty-eight hours after Britain finally devised some sort of framework for its negotiation with the European Union, Brexit secretary David Davies resigned and was replaced by housing minister Dominic Raab, foreign secretary Boris Johnson resigned.