Legislating the Metaverse in ASEAN

The Metaverse is a projected new technology that will be used to connect users all across the globe and will involve both virtual reality, social media, and traditional technologies. The Metaverse has largely been promoted by Facebook's parent company Meta, but that, according to Meta President of Global Affairs Nick Clegg, does not mean that [...]

By |2022-08-15T06:55:35+07:00August 15th, 2022|Dispute Resolution, TMT-Technology, Media, Telecom|Comments Off on Legislating the Metaverse in ASEAN

Some thoughts on data localization

When I first came to understand Vietnam’s rigid requirements surrounding data localization I thought the requirements far too rigid and expensive to be realistically enforced. Requiring data collectors to open a branch office or representative office and to refrain from transferring any data collected on Vietnamese citizens out of the country. I’m not the only [...]

By |2022-08-01T01:45:35+07:00August 1st, 2022|Data Privacy, Legal News|Comments Off on Some thoughts on data localization

Vietnam, the FBI, and You

According to thus month’s Wired Magazine, the United States Federal Bureau of Investigation conducted 3.4 million illegal searches of private data. Thus included searches of foreign individuals and entities.  That number, to those who might not be aligned with the United States, is a terrifying one. As the FBI is an agency devoted to domestic [...]

By |2022-07-25T03:14:11+07:00July 25th, 2022|Banking and Finance, Competitive research, Data Privacy, TMT-Technology, Media, Telecom|Comments Off on Vietnam, the FBI, and You

Some Issues of Data Protection in International Websites

In last week’s Economist there featured an article about the Chinese founded app TikTok. As the article was written with an America aligned editorial policy it took a warning stance suggesting that even though ByteDance, the holding company that owns TikTok is domiciled in the Cayman Islands, the ultimate beneficial owners remain it’s Chinese founders.   [...]

By |2022-07-18T02:20:10+07:00July 18th, 2022|Data Privacy, TMT-Technology, Media, Telecom|Comments Off on Some Issues of Data Protection in International Websites

AI and the Law in Vietnam

I have spent so much time writing about data privacy and fintech regulations in Vietnam that I have forgotten to look at another technology that is vitally linked yet also distinct. That technology, artificial intelligence, is being used to understand and manipulate data and to produce interpretations and actions of smart contracts and companies. According [...]

By |2022-07-11T06:39:54+07:00July 11th, 2022|Competitive research, TMT-Technology, Media, Telecom|Comments Off on AI and the Law in Vietnam

Challenges to a Global KYC Experience

Know Your Customer (KYC) is a major element of most countries’ anti-money laundering legislation. Vietnam is no exception. It has developed a comprehensive set of KYC regulations and have even extended the process to allow for digital KYC confirmation. And herein lies the problem. KYC relies on the cooperation of each country. Vietnam may have [...]

By |2022-07-04T02:51:06+07:00July 4th, 2022|Banking and Finance, Data Privacy, TMT-Technology, Media, Telecom|Comments Off on Challenges to a Global KYC Experience

Blockchain Hacks and Axie Infinity

As I mentioned a couple of weeks ago, I thought I would dig into the cybersecurity element of blockchain. The big deal here, obviously, being the hack of Axie Infinity in March that netted the hackers over 600million USD in then current value. But how was Axie Infinity hacked when blockchain is supposed to be [...]

By |2022-06-27T03:49:01+07:00June 27th, 2022|Legal News|Comments Off on Blockchain Hacks and Axie Infinity

Draft Decree on Fintech Regulatory Sandbox

A couple of months ago, the government of Vietnam issued a second draft decree on implementation of the regulatory sandbox for financial technologies (Fintech). We have been looking for this for a long time and, I’m ashamed to say it, I missed it when it first came through my inbox because I wasn’t looking for [...]

By |2022-06-20T03:38:57+07:00June 20th, 2022|Banking and Finance, TMT-Technology, Media, Telecom|Comments Off on Draft Decree on Fintech Regulatory Sandbox

Axie Infinity and Dispute Resolution

This last week I gave a presentation for ASEAN Legal Alliance on NFTs, Axie Infinity, and the major problem digital assets present for national sovereigns. I’ve previously written in this space about the difficulty of the Metaverse being largely owned and operated by an American company. Citing the United States reaction to Chinese limitations to [...]

By |2022-06-13T02:58:13+07:00June 13th, 2022|Contract Law, Dispute Resolution, TMT-Technology, Media, Telecom|Comments Off on Axie Infinity and Dispute Resolution
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