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Anat Even-Chen
Anat leads the regulation practice at Barnea, providing legal counsel to local and international clients on all regulatory issues.
Adv. Anat Even-Chen helps organizations operating in Israel to meet various regulatory requirements, whether regarding financial regulation, privacy issues and information security, regulation in the gas field, antitrust, life sciences, and Israel Innovation Authority grants.
In the financial regulation field, Anat focuses on guiding Fintech and Regtech companies on all the regulatory aspects of their business activity. She counsels during interactions with the regulator, prepares legal opinions, advises on legislative and regulatory initiatives, etc.
In the cyber and data protection field, Anat guides companies in implementing local and European regulatory requirements. She advises on various privacy issues regarding customers and suppliers, manages database registration, and represents clients dealing with cyber data breaches before the Privacy Protection Authority.
Anat also counsels companies setting up Internet ventures on all the various regulatory aspects their operations entail.
Anat advises clients in the field of competition and antitrust, and represents them in proceedings before the Competition Commissioner, on issues related to mergers, restrictive arrangements, monopolistic activities, etc.
In 2022, prominent legal directory The Legal 500 ranked Anat as a Next Generation Partner in the Banking & Finance practice area.
Education:
New York University LL.M. 2010
Tel Aviv University LL.M. 2008
Haifa University LL.B. Cum Laude, B.A Economics 2005
Admission:
Member of Israel Bar Association since 2006
News and updates - Anat Even-Chen:
Informing on Cyber Risks during Sale of IoT Products
According to the Israeli Consumer Protection Authority’s draft directive, the disclosure obligation applies at all stages of a transaction, including when advertising and marketing an IoT product.
Israeli Privacy Protection Authority Clarifies Scope of Duty to Inform on Collection and Use of Personal Information
The publication presents the PPA’s position on the duty to inform on the collection and use of personal data (as derived from the Privacy Protection Law), specifically highlighting the duty to inform when using algorithm-based or AI-based decision-making systems.
Crypto Custody Services and Regulation – A Review
Institutional investors, corporations, exchanges, individuals, and crypto miners all have strong demand for crypto custody services, as provided by special market participants. These services intend to safeguard customers’ crypto assets and prevent them from loss or theft. Such services are subject to various local regulations. Distinguished from traditional custodial services, crypto custody occurs through safe key management.
US Regulations
In the United States, the regulatory environment for digital assets is developing. Under the US Investment Advisor’s Act, investment advisors must register with the SEC and hold client funds or securities with a qualified custodian in segregated accounts. Qualified custodians include financial institutions or specialist custody providers (sub-custody). In July 2020, the Office of the Comptroller of the Currency (OCC) issued a letter stating that national banks and federal savings associations may provide cryptocurrency custody services for their customers. In 2021, for example, a large US bank launched a cryptocurrency custody service for investment managers.
EU Regulations
In 2020, the European Union proposed a regulatory framework known as the Markets in Crypto-Assets (MiCA). This landmark law will require cryptocurrencies to meet the same transparency, licensing, compliance, and oversight as other financial products.
The bill will likely take effect in 2024, although there are concerns the rapidly evolving nature of the crypto space will result in the bill’s scope not properly addressing new crypto services.
Moreover, the UK regulates custodian services in such a way that an entity holding private cryptographic keys on behalf of its customers may be subject to custodian provider regulation.
The Israeli Market
In Israel, under the Control of Financial Services Law, management or custody of virtual currency requires a "service provided in a financial asset" license. The Israeli Capital Market, Insurance and Savings Authority is responsible for issuing such licenses and monitoring licensees. In addition, provisions of the Israeli Trust Act may apply to custodian providers.
In Case of Insolvency
The issue of whether a party is or is not a custodian may have far-reaching implications, especially in light of recent developments in the crypto space. Recently, some market actors that acted quite similarly to "crypto banks" announced the cessation of withdrawals of all crypto funds held by them due to market meltdown. For these actors, their T&Cs included some warning as to the fact some of their services would include transfer of title in the assets. This thus made these assets part of the assets available to creditors and the original owner of the assets just another unsecured creditor. Apparently, this should not affect digital assets held in pure custodian accounts. However, it is still unclear if during current insolvency proceedings these assets will be safe.
We believe trustworthy and regulated custodial services are key to the continuing development and growth of digital assets.
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Barnea Jaffa Lande’s regulation and blockchain teams are at your service for further blockchain technology and compliance issues.

