Central Bank Digital Currencies (CBDCs) is an electronic form of currency and developed by the government to supplement traditional fiat money such as backnotes and coins. With the accelerating digital economy around the world, digital currency allows government and financial institutions to continue the transition to digital infrastructure and increase access to financial services. Namely…
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Personal Information Protection Law ('PIPL'), effective from 1 November 2021, regulates those collecting and handling personal information. For companies processing employee data, a robust data security system should be integrated into the IT infrastructure and in line with PIPL. Whilst PIPL largely affects companies handling consumer data, employers are not immune from PIPL and should…
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On Saturday, 16 April 2022, the Shanghai Commission of Economy and Informatization issued a guideline (‘Guideline’) for industrial enterprises. The Guideline is for certain companies to start resuming work and production with controlled risks. Overall, enterprises that are required to return to work shall implement robust controls to prevent the spread of COVID-19. And designate…
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