Asia financial body says China cyber security law could make risk management harder | Reuters


China adopted a cyber security law on Monday to counter what the government said were growing threats such as hacking and terrorism. Foreign business and rights groups expressed concern that the law could, for instance, bar foreign companies from certain sectors. The legislation, set to take effect in June 2017, includes requirements for security reviews…

Why the World Is Drawing Battle Lines Against American Tech Giants – The New York Times


“What’s happening right now is the nation-state is losing its grip,” said Jane K. Winn, also a professor at the University of Washington School of Law, who studies international business transactions. “One of the hallmarks of modernity is that you have a nation-state that claims they are the exclusive source of a universal legal system…

Australia’s Proposed Approach to Fintech Regulatory Relief


Australia’s fintech advisory group, co-led by the country’s treasurer, suggested that Australian regulators adopt a “regulatory sandbox” approach to fintech regulation, similar to that of the U.K. Financial Conduct Authority’s (FCA) Project Innovate. The group’s goal is to give fintech startups the ability to develop and test new products and services in a controlled environment…

Chinese government has arrested hackers it says breached OPM database – The Washington Post


“We don’t know that if the arrests the Chinese purported to have made are the guilty parties,” said one U.S. official who — like others interviewed — spoke on the condition of anonymity because of the subject’s sensitivity. “There is a history [in China] of people being arrested for things they didn’t do or other…