Released on the 7 July 2022, the Measures for the Security Assessment of Outbound Data Transfers becomes effective from 1 September (‘Measures’). The Measures published by the Cyberspace Administration of China supplements the Data Security Law and Personal Information Protection Law adopted in 2021. It setts forth the security assessment obligations for companies in China…
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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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