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Information Technology

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Internet and E-Commerce Attorneys

 

  1. WebJD

    China financial regulators outlaw Initial Coin Offerings (ICOs)

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    Seven (7) financial regulators in China issued a joint statement this week officially banning all Initial Coin Offerings (ICOs) within the People’s Republic of China (PRC). The statement further demands that the proceeds from all past ICOs be refunded to investors or face being “severely punished according to the law.” This action by Chinese regulators...
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    Cyberspace court approved for online piracy and e-commerce disputes

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    As reported by The Supreme People’s Court of the People’s Republic of China, this month a new cyberspace court was approved by central government to handle the soaring number of online piracy and e-commerce disputes. Cyberspace court The Supreme People’s Court set up the new cyberspace court in April 2017 to handle specific types of...
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    Chinese bitcoin exchanges resume withdrawals

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    As reported by Reuters, a long-lasting withdrawal freeze in China’s bitcoin exchange ecosystem is finally being lifted. Withdrawals resume On June 1st, Bitcoin prices rose to USD $2400 on news that three major Chinese exchanges (BTCChina, Huobi and OKCoin) were going to allow customers to withdraw Bitcoin after all, reversing a decision the exchanges had...
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    China announces new restrictions on peer-to-peer (P2P) lending

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    As reported by China’s official Xinhua news agency, the China Banking Regulatory Commission (CBRC) this week issued new interim regulations governing peer-to-peer (P2P) lending. P2P Lending These new regulations are primarily directed towards a group of internet-based platforms that connect relatively small borrowers with relatively small lenders. This type of activity is known as P2P...
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    Draft regulation to require refunds for most products purchased online

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    As reported by the official China Daily news agency, a new draft rule published this week by the State Administration for Industry and Commerce (SAIC) would entitle domestic consumers to full refunds on unsatisfactory products purchased online, even if the packages have been unsealed. E-commerce market This latest consumer protection law would significantly improve consumer...

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