The Israel Tax Authority has published a circular draft on taxation applicable to companies that raise money through ICOs (Initial Coin Offerings) and to those who hold ICO tokens. The circular is intended to apply only to the issuance of Utility Tokens, namely tokens issued by a central entity that represent an obligation of the issuing entity to provide the ...
The Knesset, the Israeli legislature, has voted to approve first reading of the Copyright Law Amendment Bill aimed at enhancing copyright holders’ rights in light of the difficulties they face in enforcing infringements committed on or through the Internet. The Bill emphasizes that it targets commercial-oriented online infringements and does not address enforcement against end users.
The Bill seeks to ...
The United Kingdom’s Information Commissioner’s Office (ICO), the UK privacy regulator, has imposed an unprecedented fine of £400,000 against the British telecommunications retailer Carphone Warehouse. The action was taken as an aftermath of a cyber-attack that compromised personal data of more than three million Carphone Warehouse consumers and 1,000 employees. The ICO found that Carphone Warehouse violated the UK Data ...
Can Israeli commercial banks refuse to allow companies engaging in Bitcoin trading to use their bank accounts for transactions related to Bitcoin trading? In a landmark decision issued earlier this month, an Israeli district court answered this question in the affirmative.
The petitioner, Bits of Gold Ltd., is an Israeli company dealing in Bitcoin trading. It opened a bank account ...
A recent decision delivered by the U.S. District Court for the Northern District of California illustrates how deficiencies in a smartphone app’s user interface can be fatal when the app’s operator attempts to shield itself from consumer litigation by leveraging the protections it has drafted into its terms of use.
Uber Technologies was sued in a putative class action lawsuit. ...
The United Kingdom’s Information Commissioner’s Office (ICO), the UK privacy regulator, has imposed an unprecedented fine of £400,000 against the British telecommunications retailer Carphone Warehouse. The action was taken as an aftermath of a cyber-attack that compromised personal data of more than three million Carphone Warehouse consumers and 1,000 employees. The ICO found that Carphone Warehouse violated the UK Data ...
The U.S. federal Court of Appeals for the Ninth Circuit has held that taking data from a website by scraping, crawling or other automated means, does not violate computer abuse state statutes in California and Nevada, even if the method of taking is prohibited by the website’s terms of use, as long as the taking itself, putting aside the method, ...
The US Federal District Court in Seattle, Washington has sentenced a 32 year old Russian hacker to 27 years in prison – the longest sentence ever imposed by a US Court for cybercrimes. The hacker, who is the son of a Russian member of parliament, was convicted of running an identity theft and credit fraud network and selling millions of ...
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