Global Fintech & Payments Blog

Tag Archives: Security

EDPB Issues New Guidance on Storing Credit Card Data for Future Purchases

Online retailers storing credit card data for the sole purpose of facilitating further purchases will likely need to obtain consumer consent. By Christian F. McDermott, Calum Docherty, and Victoria Wan Online shopping has boomed in recent years. In 2020, the European statistics agency Eurostat estimated that 7 out of 10 internet users made online purchases … Continue Reading

Hong Kong’s SFC Issues Policy Statement on Security Token Offerings

The SFC’s guidance provides helpful clarity amidst growing interest in security token offerings. By Simon Hawkins and Kenneth Hui On 28 March 2019, the Hong Kong Securities and Futures Commission (SFC) issued a policy statement on security token offerings (STOs) summarizing the legal and regulatory requirements applicable to parties engaging in STOs. This guidance follows … Continue Reading
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