In The News

EU ‘Geo-Blocking’ Rules Good News For Payments, Say Experts


27 Feb 2017

Susan McLean, of counsel in the London office of Morrison & Foerster and a member of the Technology Transactions Group, was quoted in the article “EU ‘Geo-Blocking’ Rules Good News For Payments, Say Experts”, published by PaymentsCompliance, following the publication by the European Commission of draft regulations addressing geo-blocking and other forms of discrimination based on a customer’s nationality, place of residence or place of establishment.

Ms. McLean commented, “The implication of the proposed amendments appears to be that as new rules are being introduced to prevent discrimination by traders with respect to payment methods, the Commission should also be taking this opportunity to consider how to approach the protection of companies and consumers using alternative payment methods”.

She added, “The reference to virtual currencies and blockchain certainly demonstrates that the EU authorities are continuing to review and evaluate the extent to which existing and new regulation should take account of these new technologies which are increasing in maturity and adoption, particularly when considering issues of consumer protection.”

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