![Global rules on foreign direct investment](https://www.nortonrosefulbright.com/-/media/images/nrf/nrfweb/knowledge/publications/us_24355_legal-update--fdi-alert.jpeg?w=265&revision=a5124a65-abf9-40e4-8e96-9df39ffdb212&revision=5250068427347387904&hash=96B456347C3246E5649838DF281C5F5D)
Publication
Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
United States | Publication | September 2021
Breakthrough technology can power progress just as easily as it can buoy bad actors. Cryptocurrency is no exception.
As the October 2020 report from the attorney general's Cyber-Digital Task Force put it, "distributed ledger technology, upon which all cryptocurrencies build, raises breathtaking possibilities for human flourishing."
These possibilities should be celebrated. The difficulty from a law enforcement perspective, however, is anonymity.
In short, cryptocurrency offers a variety of tools for shielding the identity of its users. This can prevent law enforcement from determining who holds stolen funds.
That problem is exacerbated, in part, by entities within the current crypto ecosystem that have yet to establish Bank Secrecy Act protocols, or that may not yet be required to do so.
This potentially impedes oversight of pandemic relief funds and raises serious questions about whether taxpayer dollars are making their way to bad actors overseas.
Read the entire Law360 article.
Chris Cooke works under the supervision of Jay Dewald and is licensed in New York and the District of Columbia; his admission to the Texas bar is pending.
Publication
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Publication
On February 2, 2024, the Belgian Presidency of the Council of the European Union confirmed that the Committee of Permanent Representatives had signed the Artificial Intelligence (AI) Regulation, referred to as the AI Act. Approval by the EU Parliament followed on 13 March 2024, and the AI Act is likely to appear in the EU’s Official Journal around May 2024. The AI Act aims to establish a stringent legal framework governing the development, marketing, and utilisation of artificial intelligence within the region, thereby marking a significant advancement in the regulation of this burgeoning domain.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023