Baker & Hostetler LLP (LexBlog Canada)

In this issue: • US Stablecoin Issuers Publish New Details on US Dollar Reserves • US Treasury, Bank of Canada and Academics Address Stablecoins and CBDCs • Australian and Georgian Governments Launch Blockchain Initiatives • Crypto Financial Services Firm Targeted by State Securities Regulators • SEC Enforcement Actions Target Cryptocurrency-Related Misrepresentations US Stablecoin Issuers...

In this issue: • NFT Initiatives Continue, Cryptocurrency Advertising Restrictions Ease • Blockchain Traceability Solutions Expand in Food, Shipping and Jewelry Sectors • SEC Settles ICO Fraud, US Crypto Enforcement Reaches $2.5 Billion • Regulators in Canada, UK and Portugal Address Cryptocurrency Market • China Crypto Crackdown Continues, South Korea Seizes Tax Evader Crypto NFT...

In this issue: • US Crypto Debit Card Launches, Cayman VASP Regs Announced, INX to List in Canada • Blockchain Developments in Telecommunications, Transportation and Digital Identity • DOJ Seizes $1 Billion in Bitcoin from Silk Road, DOJ and CFTC Prosecute Crypto Fraud US Crypto Debit Card Launches, Cayman VASP Regs Announced, INX to List...

On June 11, 2020 the Ontario Securities Commission (OSC), one of Canada’s provincial securities regulators, issued a report finding that QuadrigaCX (Quadriga), which went into bankruptcy a few months after founder and CEO Gerald Cotten was reported to have died in India, “was an old-fashioned fraud wrapped in modern technology.”[1] The report, dated April 2020,...

In this issue: • Blockchain Traceability Developments for Automobile, Pharma and Art Industries • Blockchain Identity and Privacy Solution Developments, Ethereum Used to Avoid Censors • Blockchain Payment Initiatives Introduced in India, Latin America, Thailand and US • New Cryptocurrency Anti-Money Laundering Rules Announced in Canada and Singapore • DOJ Prosecutes Crypto Crimes, Analysis of...

In this issue: • New Approvals From European and Thai Regulators, Canada and WEF Publish Guidance • SEC Targets ICOs, IRS Updates Crypto FAQs, UK Tax Agency Seeks Blockchain Analytics Tool • Chamber of Digital Commerce and Blockchain Association Weigh In on SEC v. Telegram • Reports Address Cryptocurrency Terrorist Financing Risks New Approvals From...

On June 17, Canada implemented long-awaited changes to its trademark laws. These updates are designed to modernize Canadian trademark practice and bring Canada more in line with international practice. Businesses with brand interests in Canada will want to be aware of these important changes, the most significant of which are described here. Madrid Protocol: Canada...

Canada Canadian Banks Notify 90,000 Following Breach • Bank of Montreal and Canadian Imperial Bank of Commerce announced that they were contacted by hackers and informed that nearly 90,000 customers’ personal information was accessed. • The banks will notify customers of the breach and indicate they believe they have fixed the vulnerabilities that led to...

On April 18, 2018, the Canadian government published long-awaited Breach of Security Safeguards Regulations specifying the requirements for notifying the Office of the Privacy Commissioner and affected individuals of data breaches that pose a “real risk of significant harm.” The Regulations will come into force on November 1. As we previously reported, the Digital Privacy Act,...

Canada Data Breach Notification Provisions of PIPEDA Act Go Into Effect Nov. 1, 2018 • Pursuant to a March 26, 2018 Order in Council, the mandatory breach notification provisions of Canada’s Personal Information Protection and Electronic Documents Act (PIPEDA) will become effective on November 1, 2018. • Under the provisions, organizations must notify affected individuals...

In Legend3D, Inc. (Petitioner) v. Prime Focus Creative Services Canada Inc. (Patent Owner), Case IPR2016-00806, the Patent Trial and Appeal Board (Board) lifted a stay of a pending reissue application following a Final Written Decision, thereby allowing the Patent Owner another opportunity to pursue amended claims. Although the Federal Circuit recently determined that the PTAB...

U.S. companies may soon risk litigation for failing to comply with the provisions of Canada’s anti-spam law (CASL) in their electronic communications to Canadian consumers. While this anti-spam law has been in force since 2014, its provisions permitting a private right of action become effective on July 1, 2017. Even companies with no operations in...

On June 18, 2015, the Canadian Minister of Industry announced that the Digital Privacy Act, which amends Canada’s foundational Personal Information Protection and Electronic Documents Act (PIPEDA), has received royal assent and is now law. Although the Act contains a number of provisions that are likely to impact organizations doing business in Canada, certain key...