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The Road Ahead For Tokenized Investment Funds In The UK
by Gunnar Larson 25 Sep '24

25 Sep '24

The Road Ahead For Tokenized Investment Funds In The UK <https://www.law360.co.uk/financial-services-uk/articles/1880161?nl_pk=a94fc…> With an HM Treasury working group expected to release the final phase of a road map for tokenized investment funds by the end of the year, Andrew Tsang and Tom Bacon at BCLP discuss the advantages for investors and fund administrators, the proposed model for implementation, and what the regulatory landscape may look like. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1880161?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1880161?nl_pk=a94fc…>

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Pension Trustees Urged To Look At Insurers' Carbon Targets
by Gunnar Larson 25 Sep '24

25 Sep '24

Pension Trustees Urged To Look At Insurers' Carbon Targets <https://www.law360.co.uk/financial-services-uk/articles/1881822?nl_pk=a94fc…> By Martin Croucher Trustees of retirement savings plans should look at how well insurers perform against their interim carbon-reduction targets when they choose a partner for a bulk annuities transaction, a consultancy has said. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1881822?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1881822?nl_pk=a94fc…>

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Google Can't Ditch Privacy Suit Over Period App Data Sharing
by Gunnar Larson 25 Sep '24

25 Sep '24

Google Can't Ditch Privacy Suit Over Period App Data Sharing <https://www.law360.com/health/articles/1882276?nl_pk=6422bbc2-a823-4be5-9a9…> By Allison Grande A California federal judge has refused to release Google from a proposed class action alleging the company used a data analytics tool to wrongfully retrieve data from menstruation tracking app Flo, rejecting the tech giant's arguments that the plaintiffs lacked standing and had consented to the disclosures. Opinion attached | Read full article » <https://www.law360.com/health/articles/1882276?nl_pk=6422bbc2-a823-4be5-9a9…> | Save to favorites » <https://www.law360.com/health/articles/1882276?nl_pk=6422bbc2-a823-4be5-9a9…>

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3 Firms Rep As Blackstone, Vista Ink $8.4B Smartsheet Buy
by Gunnar Larson 25 Sep '24

25 Sep '24

3 Firms Rep As Blackstone, Vista Ink $8.4B Smartsheet Buy <https://www.law360.com/mergersacquisitions/articles/1881904?nl_pk=a34c25b5-…> By Jade Martinez-Pogue Work management platform Smartsheet Inc. will be purchased by private equity giants Blackstone and Vista Equity Partners in an all-cash, take-private deal valued at around $8.4 billion that was built by three law firms, the companies said Tuesday. Read full article » <https://www.law360.com/mergersacquisitions/articles/1881904?nl_pk=a34c25b5-…> | Save to favorites » <https://www.law360.com/mergersacquisitions/articles/1881904?nl_pk=a34c25b5-…>

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DOJ Accuses Visa Of Monopolizing Debit Card Market
by Gunnar Larson 25 Sep '24

25 Sep '24

DOJ Accuses Visa Of Monopolizing Debit Card Market <https://www.law360.com/banking/articles/1882051?nl_pk=feb6bbba-7878-4d39-be…> By Matthew Perlman The U.S. Department of Justice accused Visa on Tuesday of illegally maintaining a monopoly over debit card networks by using its dominance to thwart competition from new and existing rivals, as the Biden administration continues its push to combat high prices using antitrust law. Complaint attached | Read full article » <https://www.law360.com/banking/articles/1882051?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1882051?nl_pk=feb6bbba-7878-4d39-be…>

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New York AG Letitia James Seeks New Crypto Regulatory Powers for AG's Office and NYDFS: Report
by Gunnar Larson 25 Sep '24

25 Sep '24

As an African American who was arrested for NYCCoin touting ... Mayor Adams' corruption at Coinbase is NYCCoin Insider trading. What is astonishing, is compliance at Coinbase is regulated by an African American. Superintendent Harris continues to play deleft to Mayor Adams' new loan program with Goldman Sachs and Ones Million Black Women. I am black and so are they but Gunnar Larson has carried a major financial loss ... One Million Black Women will be a project I plan to engage both the Mayor and Superintendent on. Meanwhile, at Coinbase both black Harris and Adams are profiting from her willful non compliance on things like child sex trafficking according to Coindesk. ---- https://www.coindesk.com/policy/2023/05/05/new-york-attorney-general-seeks-… “The lack of transparency plaguing the crypto industry causes immense harm to countless investors, especially low-income New Yorkers and people of color who carry a disproportionate share of the losses,” New York City Comptroller Brad Lander said.

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Fwd: Roman Rozhavsky Named Special Agent in Charge of the Counterintelligence Division at the Washington Field Office
by Gunnar Larson 24 Sep '24

24 Sep '24

---------- Forwarded message --------- From: FBI <fbi(a)subscriptions.fbi.gov> Date: Tue, Sep 24, 2024, 12:25 PM Subject: Roman Rozhavsky Named Special Agent in Charge of the Counterintelligence Division at the Washington Field Office To: <g(a)xny.io> * National Press Releases * Roman Rozhavsky Named Special Agent in Charge of the Counterintelligence Division at the Washington Field Office Director Wray has named Roman Rozhavsky as the special agent in charge of the Counterintelligence Division at the Washington Field Office. Sept. 23, 2024 Full Press Release <https://www.fbi.gov/news/press-releases/roman-rozhavsky-named-special-agent…> ------------------------------ <https://www.facebook.com/FBI> <https://twitter.com/FBI> <https://www.youtube.com/user/FBI> <https://www.fbi.gov/e-mail-updates?utm_campaign=email-Immediate&utm_medium=…> * You have received this message because you are subscribed to one or more of the following categories: National Press Releases * Manage Subscription <https://delivery.fbi.gov/account-reminder> | Unsubscribe <https://delivery.fbi.gov/subscriber/c57956fe9830b3f02d21fe7a2581942df706f0b…> If you have questions about this service, email us at delivery(a)subscriptions.fbi.gov. Help <https://www.fbi.gov/e-mail-updates?utm_campaign=email-Immediate&utm_medium=…> | Privacy Policy <http://www.fbi.gov/privacy_policy?utm_campaign=email-Immediate&utm_medium=e…> | Visit FBI.gov <https://www.fbi.gov/?utm_campaign=email-Immediate&utm_medium=email&utm_sour…>

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Re: Regulations on the Administration of Network Data Security (Draft for Comment)
by Gunnar Larson 24 Sep '24

24 Sep '24

Dear Cyberspace Administration of China: It has been over one month since our inquiry, and I am kindly following up on the message below. Please note, the question concerning Proof of Transfer is critical to determining any degradation to the Bitcoin blockchain's software purity. As such, it would be ideal to determine Hong Kong's approach to Network Data Security <http://www.cac.gov.cn/2021-11/14/c_1638501991577898.htm> (Draft for Comment) issued by your office. Furthermore, this correspondence is to also reference autonomy between xNY and e-CNY (given several obvious factors). Sincerely yours, Gunnar Larson -- *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 On Fri, Feb 11, 2022 at 2:08 PM Gunnar Larson <g(a)xny.io> wrote: > Dear Sir or Madam: > We seek clarification to the recent notice of the Cyberspace > Administration of China on Public Comments on the Regulations on the > Administration of Network Data Security > <http://www.cac.gov.cn/2021-11/14/c_1638501991577898.htm> (Draft for > Comment). > > The Cyberspace Administration of China > <http://www.cac.gov.cn/2021-11/14/c_1638501991577898.htm> (and Hong Kong) > issued new guidance on third-party products and services that cause damage > to users. According to the Cyberspace Administration’s guidance, users can > request Internet platform operators to pay compensation in advance for data > violations. > > Hong Kong is the data hub for Stacks (STX), where internet platform > operators shall assume data security management responsibilities for > third-party products and services connected to their platforms. Hong Kong > mandates clarity of data security responsibilities for third parties > through contracts and other forms, and urges third parties to strengthen > data security management, and adopt the necessary data security protection > measures. > > - Stacks’ strong third-party presence in Hong Kong extends to China. > One of Stacks’ board members has served as a leader of a Shanghai based > incubator. > - The looming question is if Proof of Transfer (PoX) Stacks’ extension > to Proof of Burn (PoB), where miners compete by ‘burning’ (destroying) a > Proof of Work (PoW) from an established blockchain, is allegedly illegal in > Hong Kong, under the Cyberspace Administration’s new guidance. > > PoX, when used for participation rewards (Such as with MIA Coin, NYCCoin > and STX), could lead to miner consolidation. Because miners that also > participate as holders could gain an advantage over miners who do not > participate as holders, miners would be strongly incentivized to buy the > new cryptocurrency and use it to crowd out other miners. In an extreme > case, this consolidation could lead to a centralization of mining, which > would undermine the decentralization goals of the public blockchain. > > China, along with Hong Kong, has outlawed various forms of threats to > international peace and security. > > We seek the Cyberspace Administration of China's guidance if the Proof of > Transfer > <https://drive.google.com/file/d/1wL2kN6aMfsyT-T7g01YJSBB8meMn2SWg/view?usp=…> > is a legal or legal consensus software algorithm in China and Hong Kong? > Sending you the very best regards. > > Thank you, > > Gunnar Laron > -- > *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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Fwd: Regulations on the Administration of Network Data Security (Draft for Comment)
by Gunnar Larson 24 Sep '24

24 Sep '24

---------- Forwarded message --------- From: Gunnar Larson <g(a)xny.io> Date: Fri, Feb 11, 2022, 2:08 PM Subject: Regulations on the Administration of Network Data Security (Draft for Comment) To: <shujuju(a)cac.gov.cn> Dear Sir or Madam: We seek clarification to the recent notice of the Cyberspace Administration of China on Public Comments on the Regulations on the Administration of Network Data Security <http://www.cac.gov.cn/2021-11/14/c_1638501991577898.htm> (Draft for Comment). The Cyberspace Administration of China <http://www.cac.gov.cn/2021-11/14/c_1638501991577898.htm> (and Hong Kong) issued new guidance on third-party products and services that cause damage to users. According to the Cyberspace Administration’s guidance, users can request Internet platform operators to pay compensation in advance for data violations. Hong Kong is the data hub for Stacks (STX), where internet platform operators shall assume data security management responsibilities for third-party products and services connected to their platforms. Hong Kong mandates clarity of data security responsibilities for third parties through contracts and other forms, and urges third parties to strengthen data security management, and adopt the necessary data security protection measures. - Stacks’ strong third-party presence in Hong Kong extends to China. One of Stacks’ board members has served as a leader of a Shanghai based incubator. - The looming question is if Proof of Transfer (PoX) Stacks’ extension to Proof of Burn (PoB), where miners compete by ‘burning’ (destroying) a Proof of Work (PoW) from an established blockchain, is allegedly illegal in Hong Kong, under the Cyberspace Administration’s new guidance. PoX, when used for participation rewards (Such as with MIA Coin, NYCCoin and STX), could lead to miner consolidation. Because miners that also participate as holders could gain an advantage over miners who do not participate as holders, miners would be strongly incentivized to buy the new cryptocurrency and use it to crowd out other miners. In an extreme case, this consolidation could lead to a centralization of mining, which would undermine the decentralization goals of the public blockchain. China, along with Hong Kong, has outlawed various forms of threats to international peace and security. We seek the Cyberspace Administration of China's guidance if the Proof of Transfer <https://drive.google.com/file/d/1wL2kN6aMfsyT-T7g01YJSBB8meMn2SWg/view?usp=…> is a legal or legal consensus software algorithm in China and Hong Kong? Sending you the very best regards. Thank you, Gunnar Laron -- *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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Deadly, Exploding Pagers Force the U.S. to Get Serious About Malware from China in U.S. Products that Are Potential National Security Threats
by Gunnar Larson 24 Sep '24

24 Sep '24

https://wallstreetonparade.com/2024/09/deadly-exploding-pagers-force-the-u-… By Pam Martens and Russ Martens: September 24, 2024 ~ U.S. Secretary of Commerce, Gina Raimondo U.S. Secretary of Commerce, Gina Raimondo Yesterday, the U.S. Department of Commerce announced it was proposing to ban certain technologies from China and Russia in U.S. automobiles. The U.S. Secretary of Commerce, Gina Raimondo, explained the thinking as follows: “Cars today have cameras, microphones, GPS tracking, and other technologies connected to the internet. It doesn’t take much imagination to understand how a foreign adversary with access to this information could pose a serious risk to both our national security and the privacy of U.S. citizens. To address these national security concerns, the Commerce Department is taking targeted, proactive steps to keep PRC and Russian-manufactured technologies off American roads.” According to the announcement, the proposed rule, which will be put out for public comment, would do the following: “…prohibit the import and sale of vehicles with certain VCS or ADS hardware or software with a nexus to the PRC [People’s Republic of China] or Russia. The VCS is the set of systems that allow the vehicle to communicate externally, including telematics control units, Bluetooth, cellular, satellite, and Wi-Fi modules. The ADS includes the components that collectively allow a highly autonomous vehicle to operate without a driver behind the wheel. “The rule would also prohibit manufacturers with a nexus to the PRC or Russia from selling connected vehicles that incorporate VCS hardware or software or ADS software in the United States, even if the vehicle was made in the United States. “The prohibitions on software would take effect for Model Year 2027 and the prohibitions on hardware would take effect for Model Year 2030, or January 1, 2029 for units without a model year.” Wait? What? It’s a recognized national security threat but Americans must wait years before corrective action is taken? How does that make any sense? On February 7 of this year, U.S. intelligence agencies revealed that a state-sponsored cyber actor in China, known as Volt Typhoon, had engaged in the following broad-based malicious activity inside the United States: “The U.S. authoring agencies have confirmed that Volt Typhoon has compromised the IT environments of multiple critical infrastructure organizations—primarily in Communications, Energy, Transportation Systems, and Water and Wastewater Systems Sectors—in the continental and non-continental United States and its territories, including Guam. Volt Typhoon’s choice of targets and pattern of behavior is not consistent with traditional cyber espionage or intelligence gathering operations, and the U.S. authoring agencies assess with high confidence that Volt Typhoon actors are pre-positioning themselves on IT networks to enable lateral movement to OT assets to disrupt functions. The U.S. authoring agencies are concerned about the potential for these actors to use their network access for disruptive effects in the event of potential geopolitical tensions and/or military conflicts. CCCS assesses that the direct threat to Canada’s critical infrastructure from PRC state-sponsored actors is likely lower than that to U.S. infrastructure, but should U.S. infrastructure be disrupted, Canada would likely be affected as well, due to cross-border integration. ASD’s ACSC and NCSC-NZ assess Australian and New Zealand critical infrastructure, respectively, could be vulnerable to similar activity from PRC state-sponsored actors.” Monday’s announcement from the U.S. Commerce Department comes just one week after pagers and walkie-talkies were detonated by Israel in an attack against Hezbollah in Lebanon. Dozens of people, including four children, were killed in those detonations and thousands were injured or maimed – overwhelming area hospitals during the two days of attacks on September 17th and 18th. According to a New York Times report last week, Israel had not tampered with the pagers and walkie-talkies but had actually set up a shell company to manufacture them as future deadly devices to attack Hezbollah. The (paywall) Times report included this stunning revelation: “By all appearances, B.A.C. Consulting was a Hungary-based company that was under contract to produce the devices on behalf of a Taiwanese company, Gold Apollo. In fact, it was part of an Israeli front, according to three intelligence officers briefed on the operation. They said at least two other shell companies were created as well to mask the real identities of the people creating the pagers: Israeli intelligence officers.” Approximately 30 seconds after we first heard the initial news reports that Israel had planted explosives in pagers which it could simultaneously detonate with a code, we stated out loud: “That’s going to unleash mass suspicions about the safety of the entire global supply chain.” Is anyone looking at their cellphone or iPad in the same way this week?

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