March 2025 - cypherpunks - lists.cpunks.org

Children's Hospital Axes Suit Over Meta Info Sharing, For Now
by Gunnar Larson 25 Mar '25

25 Mar '25

Children's Hospital Axes Suit Over Meta Info Sharing, For Now <https://www.law360.com/cybersecurity-privacy/articles/2314963?nl_pk=fb10114…> By Lauren Berg A Minnesota federal judge tossed a proposed class action alleging a children's hospital used ad tracking software on its website that disclosed minor patients' sensitive information with Meta Platforms Inc., Google LLC and other third parties, saying the patients' parents don't have standing to sue. Order attached | Read full article » <https://www.law360.com/cybersecurity-privacy/articles/2314963?nl_pk=fb10114…> | Save to favorites » <https://www.law360.com/cybersecurity-privacy/articles/2314963?nl_pk=fb10114…>

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Salesforce Can't Escape Backpage Sex-Trafficking Suit
by Gunnar Larson 25 Mar '25

25 Mar '25

Salesforce Can't Escape Backpage Sex-Trafficking Suit <https://www.law360.com/cybersecurity-privacy/articles/2314285?nl_pk=fb10114…> By Y. Peter Kang A Texas federal judge has ruled Salesforce must face a suit over the sex trafficking of women on Backpage.com, the defunct classified ads website that utilized the company's software, saying it was properly alleged that Salesforce should have been aware of Backpage's connection to prostitution. Order attached | Read full article » <https://www.law360.com/cybersecurity-privacy/articles/2314285?nl_pk=fb10114…> | Save to favorites » <https://www.law360.com/cybersecurity-privacy/articles/2314285?nl_pk=fb10114…>

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Caribbean Bank, CEO Accused Of Helping In £415M VAT Fraud
by Gunnar Larson 25 Mar '25

25 Mar '25

Caribbean Bank, CEO Accused Of Helping In £415M VAT Fraud <https://www.law360.co.uk/financial-services-uk/articles/2314549?nl_pk=9aaa8…> By Sophia Dourou A Caribbean bank and its former CEO "knowingly" assisted in the commission of a £415 million ($536 million) value-added tax fraud, the creditors of a company allegedly linked to the scam said on the first day of a London trial Monday. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/2314549?nl_pk=9aaa8…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/2314549?nl_pk=9aaa8…>

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Oligarch's Charity Seeks Barclays Docs In $50M Transfer Fight
by Gunnar Larson 25 Mar '25

25 Mar '25

Oligarch's Charity Seeks Barclays Docs In $50M Transfer Fight <https://www.law360.co.uk/financial-services-uk/articles/2314585?nl_pk=9aaa8…> By William Janes A charity set up by a sanctioned Russian oligarch asked a London court on Monday to order Barclays to disclose documents as part of its case that the bank caused it "significant" losses by delaying a $50 million transfer. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/2314585?nl_pk=9aaa8…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/2314585?nl_pk=9aaa8…>

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Hayes Appeal Set To Test Theory Of Rate-Rigging Convictions
by Gunnar Larson 25 Mar '25

25 Mar '25

Hayes Appeal Set To Test Theory Of Rate-Rigging Convictions <https://www.law360.co.uk/financial-services-uk/articles/2313950?nl_pk=9aaa8…> By Christopher Crosby Two former City traders will appeal against their convictions for rigging interest rates before Britain's top court on Tuesday in a case that could have implications for the premise that underpins the rate-rigging prosecutions of dozens of others in the wake of the 2008 financial crisis. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/2313950?nl_pk=9aaa8…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/2313950?nl_pk=9aaa8…>

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Mastercard Seeks To Limit Swipe Fee Damages Bill
by Gunnar Larson 25 Mar '25

25 Mar '25

Mastercard Seeks To Limit Swipe Fee Damages Bill <https://www.law360.co.uk/financial-services-uk/articles/2314558?nl_pk=9aaa8…> By Lucia Osborne-Crowley Mastercard urged a tribunal on Monday to limit the damages it must pay to intermediaries such as Worldpay over unlawful interchange fees, arguing that the acquirers' proposed damages bill is too broad and covers too long a period of time. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/2314558?nl_pk=9aaa8…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/2314558?nl_pk=9aaa8…>

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Schroders Wins £740M Pension Management Contract
by Gunnar Larson 25 Mar '25

25 Mar '25

Schroders Wins £740M Pension Management Contract <https://www.law360.co.uk/financial-services-uk/articles/2314569?nl_pk=9aaa8…> By Joel Poultney Schroders' pension investment and advisory arm has confirmed its appointment as fiduciary manager of a pension scheme linked to Aga Rangemaster and will oversee £740 million ($958 million) worth of assets on behalf of the kitchen appliance brand scheme. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/2314569?nl_pk=9aaa8…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/2314569?nl_pk=9aaa8…>

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EU To Ease Financial Benchmark Rules For Administrators
by Gunnar Larson 25 Mar '25

25 Mar '25

EU To Ease Financial Benchmark Rules For Administrators <https://www.law360.co.uk/financial-services-uk/articles/2314712?nl_pk=9aaa8…> By Alex Davidson European Union negotiators approved on Monday an amended regulation on financial benchmarks to ease the burden on small and medium-sized firms that operate as administrators. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/2314712?nl_pk=9aaa8…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/2314712?nl_pk=9aaa8…>

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BoE Tasks 7 Largest Banks With Testing UK's Resilience
by Gunnar Larson 25 Mar '25

25 Mar '25

BoE Tasks 7 Largest Banks With Testing UK's Resilience <https://www.law360.co.uk/financial-services-uk/articles/2314554?nl_pk=9aaa8…> By Alex Davidson The Bank of England on Monday launched its 2025 framework requiring the seven largest banks and building societies to test whether the U.K. banking system can resist shocks or needs more capital. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/2314554?nl_pk=9aaa8…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/2314554?nl_pk=9aaa8…>

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Universal BitLicense Declaration on Virtual Currency & Human Rights
by Gunnar Larson 24 Mar '25

24 Mar '25

Dear Madam Acting Superintendent: Reflecting this week, Ripple once again <https://www.law.com/radar/card/ripple-legal-chief-accuses-sec-of-playing-de…> shares concerning comments and approaches to respecting their Bitlicense award. Even more, many experts are concerned <https://www.bloomberg.com/news/articles/2021-12-17/nyc-miami-seen-facing-po…> about MIA Coin and resulting NYCCoin disasters. Madam Acting Superintendent, on August 4, 2020 as part of our Conditional BitLicense application we submitted a draft of the Universal BitLicense Declaration on Virtual Currency & Human Rights. - Today this memo is to re-new our obvious approach to virtual currency innovation in New York. Together under your leadership, we should be leading the world in the principles of modern cross-border BitLicense logic. - Madam Acting Superintendent, this type of stuff matters. The Deceleration aims to level the playing field for all and impacts the future of women and girls with respect to financial inclusion. - At the very least, New York and your office should be embracing such thoughtful approaches to support future generations and protect virtual currency from market manipulation. Madam Acting Superintendent, we implore that if some version of the Declaration was enacted in 2020, the world would be a better place today. Kindly find a copy of the Universal BitLicense Declaration on Virtual Currency & Human Rights <https://thecapital.io/article/universal-bitlicense-declaration-on-virtual-c…> below. We will be in contact with your office this coming week to engage in dialogue on the Declaration's feasibility forward. Very respectfully yours, Gunnar Larson *WE THE PEOPLE OF NEW YORK DETERMINED* - to pioneer noble advancement of BitLicence theory and regulation, whereas it is essential to safeguard virtual currency and its potential to galvanize international, economic and social advancement of all peoples, and - to ensure clarity, principally New York’s BitLicence being the preeminent institution with mandate of ensuring that virtual currency manipulation (of any sort) shall not burden the common global interest of humanity, and that human rights are protected in the jurisdiction of New York for all peoples *AND FOR THESE ENDS* - to save succeeding generations from financial fraud and corruption, which in our lifetime has brought untold sorrow to humanity, and - to reaffirm New York’s faith in fundamental human rights, in the dignity and worth of the human person, in the equal rights of men and women and of nations large and small, and - to establish conditions under which justice and respect for the obligations arising from BitLicence regulation and other sources of financial services law can be maintained, and - to promote larger social progress by leading global standards, given that New York remains the center of technological innovation and forward-looking virtual currency regulation *HAVE RESOLVED TO COMBINE OUR EFFORTS TO ACCOMPLISH THESE AIMS* *Now, therefore this UNIVERSAL BITLICENSE DECLARATION ON VIRTUAL CURRENCY & HUMAN RIGHTS as the common crypto standard of achievement for all peoples and all nations, keeping this Declaration constantly in mind, shall strive to promote respect for human rights and personal freedoms by progressive measures, national and international, to secure their universal and effective recognition and observance of New York-based companies accountable to a **universal **BitLicense **standard of virtual currency regulation across all global territories of business, protecting all peoples and all nations.* *Article One* - Whereas disregard and contempt for human rights have resulted in failed financial frameworks that have outraged the conscience of mankind, and - Whereas the foundational vision of BitLicense theory imagines a world in which human beings shall enjoy safe, reliable and regulated virtual currency tools and financial products, now proclaimed as the highest aspiration of the common people, *Article Two* - Whereas ethical stewardship of virtual currency is inherent to the BitLicence mandate, the invention of blockchain, and virtual currency aimed to secure the equal and inalienable rights of all as foundation to financial freedom and economic prosperity, especially in the developing economies, and - BitLicense members pledged themselves to achieve, in cooperation with the state of New York, the promotion of universal respect for and observance of international human rights fundamental to the integrity of the BitLicense’s virtual currency regulation. - Whereas New York reaffirms faith in the BitLicense’s foundational themes and the general concept of human right protection. The dignity and worth of the human person and the equal rights of men and women are part of New York BitLicense protections and standards which correlates to noble “public-spiritedness” virtual currency regulation with exponential social progress of humanity. *Article Three* *The Purposes of this Declaration are:* - To maintain the protection of BitLicense virtual currency standards, implying any New York- based group or person has no right to engage in “loophole” business activities in global markets out of New York, or to perform any act aimed at bypassing BitLicense virtual currency regulation, and - To take effective collective measures to remove inconsistencies and prevent the suppression of human rights or other breaches of BitLicense regulations of virtual currency, and to bring about conformity with the principles of justice and international human rights laws, adjusting or settling international disputes or situations which might lead to a breach of New York BitLicense law; - To develop friendly relations among nations based on respect for the principle of equal rights and self-determination of peoples, while executing appropriate measures to close KYC/AML loopholes by strengthen universal virtual currency regulation of New York firms operating in global emerging markets; - To achieve international co-operation in solving international virtual currency problems of an economic, social, cultural, or humanitarian nature, and in promoting and encouraging respect for human rights and fundamental freedoms for all without distinction as to race, sex, language, or religion; and - To offer New York as centre jurisdiction and the BitLicense as universal to harmonizing smart virtual currency actions of nations in the attainment of these common ends. *Article Four* New York BitLicensees (members), in pursuit of the Purposes stated in Article One, shall act in accordance with the following Principles: - All Members, in order to ensure to all of them the rights and benefits resulting from BitLicense membership, shall fulfill the obligations assumed by them in accordance with this Declaration, and - All Members shall immediately settle their international virtual currency inconsistencies by peaceful means in such a manner that international law and justice are not endangered while meeting this Declaration and overall BitLicense compliance, and - All Members shall refrain in their international relations from the violation of human rights or abuse of virtual currency manipulation *by leveraging territorial loopholes (e.g. Africa) and/or inconsistent jurisdictional integrity and enforcement (e.g. Europe), nor willfully employ political naivete of any state (e.g. New York)*, or in any other manner inconsistent with the Purposes of this Declaration, and - Continued membership is contingent on the requirement that BitLicense Members based in New York act in accordance with these Principles so far as may be necessary for the promotion of universal respect for and observance of human rights and fundamental virtual currency regulation, and finally - Nothing in this Declaration may be interpreted as implying for any State, group or person any right to engage in any activity or to perform any act aimed at the destruction of human rights or degradation of the BitLicense’s virtual currency statute or mandates set forth in this Declaration. -- *Gunnar Larson - xNY.io <http://www.xNY.io> | Bank.org <http://Bank.org>* MSc <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&u…> - Digital Currency MBA <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovat…> - Entrepreneurship and Innovation (ip) G(a)xNY.io +1-646-454-9107 New York, New York 10001

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