Nasdaq and Citi are partnering to utilize blockchain technology to expand and improve cross-border and private company securities payments. Source: Nasdaq, Citi using blockchain for securities payments | American Banker
The creators of a top “altcoin” are building privacy features for JPMorgan’s blockchain platform. Source: Worlds collide: JPM works with team behind anonymous crypto Zcash | American Banker This is a well written and well-cited article. If you study the article and make use of all the hyperlinks, you will have learned a lot.
The Chinese government released draft rules that, if passed, would require foreign companies to “apply for permission to transfer data out of the country.” The rules would allow the government to review any data package over 1TB or with information on more than 500,000 people, and potentially block it from leaving China.
Source: European Commission Strategy on Criminal Justice in Cyberspace Can Move the Debate Forward | Center for Democracy & Technology
A Russian court on Thursday upheld a decision to block the website of social networking company LinkedIn Corp., Interfax news agency reported, setting a precedent for the way foreign internet firms operate in the country. Russia’s Roskomnadzor communications watchdog has said LinkedIn, which has more than 6 million registered users in Russia, was violating a…
Banks need more specific guidance that clarifies requirements around vendor contracts, risk assessments, data management and other issues. Source: Regulatory Ambiguity Is Slowing Bank Adoption of Cloud Services | Bank Think
Max Schrems is busy again. As many predicted, this time he is going after Facebook’s use of model clauses. He argues that the reasoning for the invalidation of Safe Harbor applies equally to transfers to the US by way of model clauses because the data is subject to the same mass indiscriminate access by the…
For several years, Box CEO Aaron Levie has been trying to get people to understand his company is not in the storage business. To drive that point home.. Source: New Box product will let you choose storage from IBM and AWS
In addition to telling Facebook to stop transferring to some data to the U.S., the CNIL also instructed Facebook to stop collecting non-user data and serving them personalized ads without their permission (though it's a little unclear which is the chicken and which is the egg). Facebook states that it does not transfer data to…
American businesses could be required to report requests by U.S. intelligence services for the data of European users under a trans-Atlantic data-transfer pact now being negotiated, according to the European Union’s justice commissioner. Source: EU Wants U.S. Firms to Help Mitigate Data-Protection Concerns – WSJ But see, this article claiming that Europe is just…
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