D2 Legal Technology

UK cryptocurrency law: an overview LexisNexis UK's latest blog discusses some of the key insights from The Founder's Guide to UK Crypto Law, created by Superteam UK and D2 Legal Technology in a collaboration with some of the world’s most informed #cryptoasset experts, providing practical advice on legal, regulatory, and compliance issues. Read more: https://lnkd.in/e_eBpBYi

Delighted to speak at the ITFA MLETR 2025 planning seminar in New York earlier this week. Amongst a range of topics related to MLETR adoption, including legal perspectives on its progress; developing the business case, implementation and execution; and the #digitisation of trade documents, D2LT's Akber Datoo and XDC Advisory's Billy Sebell discussed the important matter of how #digitalasset technologies can be leveraged. With thanks to the event's host and moderator, ITFA board member & founder of Casterman Advisory, André Casterman.

It's been great to see Superteam UK's 'The Founder's Guide to UK Crypto Law' being so well received by the STUK community during this week's launch events with STUK, Manchester Blockchain Alliance & Mint Southwest, topped off by not one, but two fabulous Christmas Parties that some of the D2LT team was able to enjoy! Well done to Lisa McClory for her tireless work on this foundational project! https://lnkd.in/eeCG4cqA

Wonderful to have been part of Superteam UK's latest initiative: 'The Founder's Guide to UK Crypto Law'. Over the last few weeks, we've had the pleasure of working with some of the UK's finest legal minds in #crypto, #web3, #tokenisation and more. See 👇

ASIC has released an update to its #digitalasset guidance, seeking feedback on worked examples, regulatory obligations, custody practices, and a proposed no-action position for license applicants. These changes aim to balance consumer protection with market integrity. Feedback closes 28 Feb 2025. https://lnkd.in/gH8GzuCP

#BTC Sets New Record at $103K #Bitcoin has broken the landmark $100,000 level earlier today, zooming to a $2 trillion market capitalisation for the first time - nearly 15 years after it first went live. Some are heralding a “golden era” for the industry under the new US administration, with anticipated favourable new regulations likely to increase buying demand and an influx of big asset managers into the sector. This growing adoption of #crypto assets and integration with financial services and traditional financial classes and markets is now making it more imperative than ever for global consensus on crypto asset #regulation. Read more commentary from Nikou Asgari at the Financial Times here: https://lnkd.in/evy9CNKz

Legal sector grows by 50% in the last decade In its latest report 'The economic contribution of legal services 2024', The Law Society of England and Wales highlights that the economic value of the goods and services produced by the sector (Gross Value Added - #GVA) has increased from £22.8 billion in 2013 to £34.2 billion in 2022. English and Welsh #law is recognised as an international standard and is the most popular choice of law in the world. In 2023, the UK exported £9.5 billion worth of legal services. In 2021, the net balance was £5.5 billion, which equalled to 6% of UK’s positive trade balance marking an upward trend since 2013. Read the full report here: https://lnkd.in/eKnUPeNU

D2LT's Akber Datoo was thrilled to have been able to take part in the University of Surrey's workshop last week entitled ‘Law: The Key Role of Leadership, Shaping the Impact of Artificial Intelligence’, which took place at the The Law Society of England & Wales.   Leaders in the UK's legal profession came together to discuss the commercial benefits of #artificialintelligence and the challenges and contributions of #AI to access to justice. We explored how artificial intelligence can enhance the capabilities of legal advisors in the charitable sector and the crucial role that leadership plays in this context, as we seek to ensure that artificial intelligence developments are for the benefit of both the legal community and citizens.   With thanks to Elizabeth Williams for organising this fascinating discussion, and industry peers Ira Lindsay, Miklos Orban, Guy Beringer CBE, KC (Hon) and Veronica Rodriguez-Blanco

HKMA Updates on Basel III Implementation Progress On November 21, the Hong Kong Monetary Authority (HKMA) issued a circular outlining the progress made by authorised institutions (AIs) in preparation for the final #BaselIII reform package, set to take effect on January 1, 2025. The HKMA highlighted significant progress, with most AIs completing system testing and quality assurance reviews. HKMA encourages AIs to sustain their efforts as the transition approaches the final stage.   The HKMA circular outlined the following key practices for robust implementation: 👉 Senior management oversight: AIs should secure sign-offs for major updates to systems, models, controls, and processes. 👉 Audit trails: AIs should maintain thorough documentation of actions and decisions made during Basel III implementation, offering transparency and accountability. 👉 Internal process updates: AIs should conduct comprehensive reviews to identify and amend workflows affected by Basel III reforms. 👉 Staff training: AIs should provide tailored training to help employees understand new capital standards and their implications for workflows. 👉 Post-implementation monitoring: AIs should implement ongoing assessments to verify that changes aligned with regulatory expectations. The HKMA reaffirmed its commitment to guiding banks through to ensure a smooth transition to the revised standards.   Read the full circular here: https://lnkd.in/ei4daY78

Such a fascinating conversation - could have carried on for a couple more hours! D2 Legal Technology