Posted on Categories changes in law, fintech

Who is affected by the reduction of interchange fees?

Several regulations setting maximum levels for interchange fees have entered the legal system recently. It is already clear that these regulations are having a major impact on the market, causing some enterprises to revise their business model. An interesting issue from the point of view of the law of new technologies is whether these regulations are technologically neutral, or apply only to a selected group of payment instruments.

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Posted on Categories IT, judicature

ERROR 451:Site unavailable for legal reasons

Can internet service providers be ordered to block a specific website?

Blocking websites has recently become a popular method for combating legal violations, particularly in the context of copyright protection. It’s enough to glance at the rulings from the last few months. In late May a court in Tel Aviv ordered Israeli ISPs to block access to a service where films and TV shows could be viewed without the consent of the copyright holders using the BitTorrent protocol. This followed in the trail of the English High Court, which less than a month earlier issued a very similar injunction. And shortly thereafter the same court order British ISPs to block access to portals offering e-books without authorisation.

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Posted on Categories changes in law, fintech

Digitisation of Polish money

Poland’s first clearinghouse for cash-free payments was established in 1990. In 1991 the first payment cards for individual clients were issued in Poland. The history of cash-free trade in this country now goes back over a quarter-century. But one of the key Polish regulations governing money—the Foreign Exchange Law—has not kept pace with the evolution of the forms in which money is used, but remains fixed in times when the dominant form of money was cash. There are many signs that this state of affairs may soon change.

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