Welcome to Shearman & Sterling’s FinTech Blog, where we provide you with insight on key trends in the FinTech ecosystem. Here you can find relevant information with the latest on digital banking, FinTech regulation, digital assets, blockchain, AI, and more.
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EU Supervisory Authority Reports on ICO and Crypto-Asset Risks and Potential Regulation
10/19/2018The European Securities and Markets Authority (ESMA) has published an own-initiative report prepared by its Securities and Markets Stakeholder Group (SMSG). The purpose of the report is to provide advice to ESMA on steps it might take to contain the risks of initial coin offerings (ICOs) and crypto-assets, on top of existing regulation.
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European Commission Announces AI Initiative
04/25/2018On April 25, 2018, the European Commission announced plans for an ambitious European artificial intelligence initiative to take shape over the course of the year. Through this initiative, the Commission aims to boost the EU’s capacity for and uptake of AI, prepare for any potential socioeconomic changes and establish an appropriate ethical and legal framework for the technology. This comes on the heels of an April 10, 2018 agreement between 24 EU member states and Norway to ensure Europe’s competitiveness in the AI landscape.
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Government of Gibraltar Publishes Outline of Forthcoming Token Regulatory Framework
03/14/2018On March 14, 2018, the Government of Gibraltar published a white paper outlining forthcoming proposals to regulate token sales, secondary token market platforms and token investment services.
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