Cryptocurrency (crypto currency or cryptocurrencies), like Bitcoin, Ethereum or Litecoin are digital assets designed to work like virtual cash. They use cryptography to secure and verify thier transactions. The decentralized control of each cryptocurrency works through a blockchain, which is a public transaction database, functioning as a distributed ledger.
As cryptocurrencies are becoming more and more mainstream, law enforcement agencies, tax authorities and legal regulators worldwide are trying to understand the very concept of cryptocurrency and where exactly do they fit in existing regulations and legal frameworks as new legal issues in these areas are appearing almost daily.
A multitute of complex legal issues exist with the use of cryptocurrencies. These include banking compliance, SEC and criminal defense, private equity considerations, securities litigation, real estate transactions, corporate M+A’s, investment funds as well as privacy / cybersecurity issues. Individuals, businesses, banks, investment funds, and other financial institutions that wish to do business with cryptocurrency will often need legal guidance to reduce risk and thrive with this cutting-edge technology.
Our practice has a broad scope which covers all aspects of digital currency and blockchain technology. Our experienced nationally recognized lawyers have expertise in many areas affecting digital currencies which will give you the guidance you need.