Singapore Changes Its Strategic Goods Control List

The Singapore government has amended its list of strategic goods and technology that are controlled for export from or transit through Singapore. The amendments are implemented in the Strategic Goods (Control) Order 2020 (SGCO 2020) which came into effect from 16 November 2020. The amendments affect a range of military and dual-use goods but do not change the scope of the controls that apply to strategic goods and technology.

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Singapore Eases Overseas Transfers of Personal Data

Asia Pacific Economic Cooperation Cross-Border Privacy Rules (CBPR) System and Privacy Recognition for Processors (PRP) system certifications are now recognised by Singapore as one of the modes of data transfer abroad. In its updated Advisory Guidelines on Key Concepts in the PDPA published on 2 June 2020, the PDPC explained that a transfer of an organisation's personal data to a CBPR or PRP accredited recipient meets the criteria of an overseas transfer under the PDPA.

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New Zealand High Court Issues Landmark Cryptocurrency Ruling

In Ruscoe v Cryptopia Ltd, the New Zealand High Court issued a landmark ruling that the cryptocurrencies in question constitute property and were held on trust. In its ruling, the New Zealand High Court provides guidance on how traditional principles of property and trust may be applied to cryptocurrencies.

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The Cryptography Law of China

The Cryptography Law of China came into force on 1 January 2020. The Law aims to (a) ensure network and information security by requiring compliance with cryptography security standards and (b) promote the growth of the cryptography industry through talent and research development.

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Landmark Singapore Court of Appeal Case on Autonomous Algorithmic Trading

In Quoine Pte Ltd v B2C2 Ltd, the Singapore Court of Appeal affirmed the Singapore International Commercial Court's ruling that Quoine was in breach of contract by unilaterally reversing B2C2's digital token trades. In its ruling, the SGCA provides guidance on how traditional doctrines of breach of contract and unilateral mistake can be applied to contracts involving autonomous algorithmic processes.

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