You are invited to learn about recent legislative updates and professional insights pertaining to Chinese law and business conduct. Among topics discussed in this current issue are Administrative Measures for foreign-invested future companies issued by the China Securities Regulatory Commission; revised draft of Measures Governing Foreign Strategic Investment in Listed Companies released by MOFCOM; new Individual Income Tax Law … Continue Reading
The CFTC has asserted that Bitcoin is, and other virtual currencies may be, commodities under the Commodity Exchange Act. As such, pursuant to Section 2(c)(2)(D) of such Act, “off exchange” financed retail transactions in virtual currency are prohibited unless an exception applies. One exception found in Section 2(c)(2)(D)(ii)(III)(aa) provides, in relevant part, that such a … Continue Reading
