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Category Archives: E-Commerce

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The NYDFS Finalizes its BitLicense Proposal

Posted in E-Commerce

On June 3, 2015, the New York Department of Financial Services (“NYDFS”) issued a final rule regarding its “BitLicense” regulatory regime (“Final Rule”). The Final Rule follows an initial proposal from July 2014 and a revised proposal from February 2015 (“Revised Proposal”). Our analysis of the July 2014 proposal is available here, and our analysis of… Continue Reading

“Firsts” for the World of Virtual Currencies

Posted in E-Commerce

There have been two recent virtual currency-related actions worthy of note: (1) the Financial Crimes Enforcement Network (“FinCEN”) announced its first civil enforcement action against a virtual currency exchanger, and (2) the New York Department of Financial Services (“NYDFS”) granted its first license to a Bitcoin exchange. FIRST VIRTUAL CURRENCY EXCHANGER ENFORCEMENT ACTION On May… Continue Reading

Playing Fair? UK’s OFT Investigates Online and App-Based Games

Posted in E-Commerce, Ethics

On April 12, 2013, the UK’s Office of Fair Trading (OFT), the UK regulator for consumer affairs and competition, announced that it was launching an investigation into children’s web- and app-based games. In particular, the OFT is looking into whether such games comply with the Consumer Protection from Unfair Trading Regulations 2008 (“Regulations”), and are… Continue Reading

E-Commerce Providers Take Note: New York’s Highest Court Upholds “Amazon” Sales Tax Statute

Posted in E-Commerce, Litigation

On March 28, 2013, the Court of Appeals, New York’s highest court, issued a decision in Overstock.com, Inc. & Amazon.com, LLC, et al., holding that New York’s “click-through nexus” statute does not violate the Commerce Clause or the Due Process Clause of the U.S. Constitution. As a result, an Internet vendor may be presumed to have… Continue Reading