El Salvador becomes the first country in the world in which Bitcoin becomes a legal tender cryptocurrency, but not without controversy
24. June 2021...
News
Event summary: LEXcellence AI events series: Part 1 AI & Financial Services
23. June 2021...
DTL Act enters into force on August 1. It is the legal introduction to our future
18. June 2021...
ECJ Judgment in Case C‑64519 — GDPR — Facebook Case In Court and What New Regulations It Caused
15. June 2021...
LEXcellence AI events series: Application of Artificial Intelligence in Different Industries | Part 1: AI & Financial Services
9. June 2021...
Article: In digital banking, we trust — how is the use of AI revolutionizing the entire banking sector and ensuring regulatory compliance?
26. May 2021...
The digital currency project, Diem, withdraws its FINMA application and moves its operations to the USA
25. May 2021The Facebook-backed digital currency project Diem decided to withdraw its FINMA application for a payment license in Switzerland and move...
The future of data transfers from the EU to the US unsure as Facebook loses a High Court case in Ireland
20. May 2021...
Chip scanning allowed for the online identification process in Switzerland
18. May 2021...
Article: Legal obstacles to mass blockchain adoption in the real estate industry
22. April 2021
Although blockchain’s potential is enormous, there are numerous obstacles to its mass adoption in the real estate industry. The most notable limitations regarding blockchain’s use are related to identity verification of the...
Article: Law never goes out of style! The legal aspects of the fashion industry and the workings of e-commerce in Europe
22. April 2021
In the last years, e-commerce has been a dynamically growing distribution channel, becoming, for many businesses, the main way to access customers E-sales grow not only because of...
The Swiss citizens will vote on the new CO2 law
22. April 2021
On June 13th, 2021, the Swiss citizens will vote on the new CO2 law, which proposes to significantly reduce the country’s greenhouse gas emissions. Switzerland plans on achieving climate neutrality by 2050 and made a step towards...
Exciting News! Carmen De la Cruz Böhringer as a new partner at LEXcellence
1. April 2021...
Article: The regulatory aspects of the emerging AI industry all around the world — part 2
24. March 2021
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Online art sales double as pandemics accelerated the digitalization of the art world
18. March 2021...
Article: The regulatory aspects of the emerging AI industry all around the world — part 1
17. March 2021...
Article: The legal landscape of the aviation industry in Switzerland
10. March 2021The Swiss aviation history dates back to 1910, when the country’s first airport was founded, but what will the future hold for the aviation industry in Switzerland? With 59 million local and transfer air passengers in 2019 and one...
The national referendum on Federal Act on Electronic Identification Service scheduled for 7th March 2021
23. February 2021As the debate over data security is gaining importance in the public sphere, Switzerland is holding...
Whatsapp to share user data with the parent company - Facebook
18. February 2021As Whatsapp, messaging app, was bought by Facebook in 2014, users started to fear their private information would be shared with Facebook. Since 2016, Whatsapp allowed data sharing with Facebook, but only upon user consent. From May 2021, users will...
Article: Tokenized assets became a legally regulated form of ownership in Switzerland
17. February 2021
Since new regulations regarding Distributed Ledger Technology came into force on 1st February 2021, the Swiss are able to...
Visa may soon introduce cryptocurrencies as a payment option
9. February 2021Visa, the world’s giant card payment organization, may soon add cryptocurrencies as their payment option. Visa CEO Alfred Kelly revealed that his company is thinking of adding cryptocurrencies to the list of their 160 available currencies. The company...
Article: The era of RegTech has just begun — regulatory compliance in the digital world
28. January 2021...
US Treasury OCC gives banks a green light for the use of public blockchains and dollar stablecoins
21. January 2021The US Office of the Comptroller of the Currency (OCC) issued guidance, which allows banks to use blockchains and stablecoins for payments provided such practices comply with the law and payment transactions are...
Article: The short guide on the state of data protection regulations around the world in 2020
18. January 2021...
A data breach at a payment platform Juspay exposed users’ masked card data and card fingerprints
13. January 2021
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Article: The Travel Rule and its Impact on Cryptocurrency: A Simple Explanation of differences between FATF and the Swiss approach published by FINMA
7. January 2021...
Article: New provisions from the DLT bill will come into force — the ombudsman affiliation requirements only for financial providers working with private clients
16. December 2020
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A new milestone for cryptocurrency art — Pak’s Ethereum-based artworks have been sold for over a million dollars combined!
15. December 2020
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Article: The era of open banking has begun, but how will it affect your data privacy from a legal perspective?
14. December 2020
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Marriott received an £18.4 million fine for a data breach — £0.05 per each of 339 million hotel guests
10. December 2020
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Article: A short journey into Switzerland’s thriving pharmaceutical industry and innovation-friendly legislations
9. December 2020
Switzerland’s economy and pharmaceutical industry are closely linked: pharma products made up 37.9% of all Swiss exports in 2018. The Swiss government does its...
Privacy rights organizations threaten the UK Government with a lawsuit over data protection negligence
7. December 2020
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Singapore increases fines for data breaches to address customers’ concerns on data privacy
4. December 2020
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Article: The upcoming introduction of online identity verification methods in Swiss banks
26. November 2020
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Article: What does the Mysterious Story of Craig Wright Teach Us About Cryptocurrency Security?
24. November 2020
Craig Wright has...
What are the limits of data protection? Former British Uber drivers sue Uber for unclear firing processes
17. November 2020
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Article: How will PayPal’s Adoption of Cryptocurrency Impact the Future of Decentralised Finance?
16. November 2020
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Article: Switzerland’s first AWS data centers are set to open in 2022!
9. November 2020
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Article: The AI of Wall Street, or how Artificial Intelligence can revolutionize the business world and prevent legal fraud
4. November 2020
Artificial Intelligence’s potential is enormous: it will contribute to 26.1% of China’s GDP by 2030, so it can surely...
Brazil’s very first General Data Protection Law (LGPD) comes to force!
3. November 2020...
Data privacy matters — H&M Germany fined for €35.2 million for GDPR violations
27. October 2020
A retail giant, H&M Germany, was given a €35.2 million fine by The Data Protection Authority of Hamburg for violating the EU’s General Data Protection Regulation by excessive monitoring of employees’ private lives in...
Article: The Swiss transformation into a crypto country: from economic enthusiasm to the legal consultation on a blanket ordinance for blockchain technologies
21. October 2020The Federal Department of Finance in Switzerland will run a consultation on the blanket ordinance in the area of blockchain to translate regulations into...
Article: Welcome to the AI-powered classroom — the use of Artificial Intelligence in the education sector and potential data protection issues
13. October 2020
Artificial Intelligence has been making waves in many industries, but it could truly revolutionize the...
