Tiber Creek Corporation (TCC)

Website:

http://www.tcc5.com/

Email:

jay@tcc5.com

Telephone:

(310) 888-1870

Address:

9454 Wilshire Blvd. 6th Floor

Beverly Hills, CA, 90212

We assist companies with Initial Coin Offerings or ICOs. The president of our company is an experienced securities attorney. We assist with the legal aspects as well as blockchain development.

It is important to note that Initial Coin Offerings are considered securities by the Securities and Exchange Commission. Therefore, you will need an experienced securities attorney to assist you with your securities filings, so that you do not violate securities laws.

The Securities and Exchange Commission takes a broad view on what a security is. Failing to adhere to the SEC’s rules and regulations can bring about harsh penalties, fines, and even having the SEC disgorge all funds raised from your company, regardless if you’ve already spent the capital raised. For example suppose you raised $5 million and spent it for business reasons. If you have not raised the capital properly the SEC will fine you that amount even if you have spent it. Therefore, you would owe the SEC $5 million. The SEC just like the IRS, will pursue you until they collect.

Therefore, it is of the utmost importance that you consult with an experienced Securities Attorney to make sure that your coin offering is in full compliance with SEC rules and regulations before raising any capital.

It is unlawful to simply raise capital without registering your offering with the SEC or doing other complex filings with the Securities and Exchange Commission. You must do filings in accordance with Securities Laws.

So that we can understand your specific needs and better serve you, please provide us with additional information regarding your company. A few questions we need answered are:

  1. Where you are in the process?
  2. How much money you wish to raise
  3. Have you have raised any money so far?
  4. Have you developed the coin/blockchain backend technology yet?
  5. Do you have a white paper?

The more information you can provide us the better we can help you.

The very first step in the ICO process before beginning anything is to engage a firm experienced with securities and coin offerings.

Our president who is a Securities Attorney can assist you with SEC filings. We can also assist with your backend blockchain development.

Our services can also include contacting stock brokerage firms and investment funds.  We have a proprietary database of over 30,000 investment sources. We can also assist you with investor relations consulting. This is to let the general public know that you are doing an ICO. Many companies will trade coins for advertising. They can then run ads on TV, newspaper, radio, and internet promoting their stock symbol and/or coin offering and making the general public aware of your coin offering.

 

If you are considering doing an ICO outside of the US please keep this in mind.

You will have to comply with the laws of every country you sell coins in.

Certain countries have outlawed Cryptocurrencies  altogether.

Almost every week a country is passing new laws.

So, to avoid breaking laws you will have to hire a securities attorney in every country you want to sell coins in, which could be very expensive.

The US has the largest capital markets and US entities and individuals are the largest investors in cryptocurrencies.

Therefore, many smart business people are choosing to do the ICO in the US

Also, if you still decide to do it offshore and one US investor buys the coin, you have violated US securities laws.

So, for a variety of reasons astute companies are deciding to do their coin offerings in the US.

An ICO in the US is a fine way to raise capital. You simply must do certain filings with the SEC and provide legally prepared documents for investors.

Therefore, it is important to get a legal team very experienced with securities laws.

Please get in contact with us for further discussion.

 

The president of Tiber Creek is a Securities Attorney. His website is www.cassidylawoffices.com

We assist companies with Initial Coin Offerings or ICOs. The president of our company is an experienced securities attorney. We assist with the legal aspects as well as blockchain development.

It is important to note that Initial Coin Offerings are considered securities by the Securities and Exchange Commission. Therefore, you will need an experienced securities attorney to assist you with your securities filings, so that you do not violate securities laws.

The Securities and Exchange Commission takes a broad view on what a security is. Failing to adhere to the SEC’s rules and regulations can bring about harsh penalties, fines, and even having the SEC disgorge all funds raised from your company, regardless if you’ve already spent the capital raised. For example suppose you raised $5 million and spent it for business reasons. If you have not raised the capital properly the SEC will fine you that amount even if you have spent it. Therefore, you would owe the SEC $5 million. The SEC just like the IRS, will pursue you until they collect.

Therefore, it is of the utmost importance that you consult with an experienced Securities Attorney to make sure that your coin offering is in full compliance with SEC rules and regulations before raising any capital.

It is unlawful to simply raise capital without registering your offering with the SEC or doing other complex filings with the Securities and Exchange Commission. You must do filings in accordance with Securities Laws.

So that we can understand your specific needs and better serve you, please provide us with additional information regarding your company. A few questions we need answered are:

  1. Where you are in the process?
  2. How much money you wish to raise
  3. Have you have raised any money so far?
  4. Have you developed the coin/blockchain backend technology yet?
  5. Do you have a white paper?

The more information you can provide us the better we can help you.

The very first step in the ICO process before beginning anything is to engage a firm experienced with securities and coin offerings.

Our president who is a Securities Attorney can assist you with SEC filings. We can also assist with your backend blockchain development.

Our services can also include contacting stock brokerage firms and investment funds.  We have a proprietary database of over 30,000 investment sources. We can also assist you with investor relations consulting. This is to let the general public know that you are doing an ICO. Many companies will trade coins for advertising. They can then run ads on TV, newspaper, radio, and internet promoting their stock symbol and/or coin offering and making the general public aware of your coin offering.

 

If you are considering doing an ICO outside of the US please keep this in mind.

You will have to comply with the laws of every country you sell coins in.

Certain countries have outlawed Cryptocurrencies  altogether.

Almost every week a country is passing new laws.

So, to avoid breaking laws you will have to hire a securities attorney in every country you want to sell coins in, which could be very expensive.

The US has the largest capital markets and US entities and individuals are the largest investors in cryptocurrencies.

Therefore, many smart business people are choosing to do the ICO in the US

Also, if you still decide to do it offshore and one US investor buys the coin, you have violated US securities laws.

So, for a variety of reasons astute companies are deciding to do their coin offerings in the US.

An ICO in the US is a fine way to raise capital. You simply must do certain filings with the SEC and provide legally prepared documents for investors.

Therefore, it is important to get a legal team very experienced with securities laws.

Please get in contact with us for further discussion.

 

The president of Tiber Creek is a Securities Attorney. His website is www.cassidylawoffices.com

Shibolet

Website:

http://www.shibolet.com/practice-area/blockchain-smart-contracts

Email:

s.adereth@shibolet.com

Telephone:

972-3-7778444

Address:

4 Berkowitz St.

Tel Aviv, 6423806

Social:

Blockchain technology is the largest revolution in computing in a generation.

Shibolet was the first law firm in Israel with hands-on experience in advising clients on Blockchain technology, Smart Contracts and tokenization, shortly becoming the leading legal group for the soaring Israeli digital currency market. Our dedicated team has unrivaled expertise on the legal, tax and compliance perspectives necessary to navigate these cutting-edge technologies and counsel clients in the evolving crypto environment.

As our client, we will guide you through the various regulatory and commercial aspects necessary to successfully pioneer the vast options available by the Blockchain technology.

Blockchain technology is the largest revolution in computing in a generation.

Shibolet was the first law firm in Israel with hands-on experience in advising clients on Blockchain technology, Smart Contracts and tokenization, shortly becoming the leading legal group for the soaring Israeli digital currency market. Our dedicated team has unrivaled expertise on the legal, tax and compliance perspectives necessary to navigate these cutting-edge technologies and counsel clients in the evolving crypto environment.

As our client, we will guide you through the various regulatory and commercial aspects necessary to successfully pioneer the vast options available by the Blockchain technology.

Beckmen

Distributed Ledger Technologies, Including Blockchain, Will Undoubtedly Have A Significant Impact On The Way Companies In All Sectors Operate In The Years To Come. As With Any Disruptive Technology, Blockchain Presents Tremendous Opportunities But May Also Raise Legal, Regulatory, And Business Challenges.

Beckmen Law Firm has broad-based experience across the many industries in which this technology will be deployed. Our firm is uniquely positioned to advise clients in connection with policy, regulatory, litigation, enforcement and investigations, privacy and data security, consumer protection, and transactional matters relating to distributed ledger technology.

We provide comprehensive, interdisciplinary advice to clients looking to acquire, adopt, evaluate, or litigate matters relating to distributed ledger technology.

Beckmen Law Firm advises clients of all sizes in connection with a broad array of legal and business matters at the cross-section of technology innovation and regulation, including blockchain, in relation to:

  • Global, federal, and state regulatory frameworks
  • Financial services regulatory enforcement and investigations, including Anti-Money Laundering advice
  • Data privacy and cybersecurity
  • Commercial litigation
  • Public policy and government affairs
  • Technology transactions
  • Mergers and acquisitions
  • Venture capital and private investments
  • Capital markets and securities
  • Futures and derivatives regulation

Distributed Ledger Technologies, Including Blockchain, Will Undoubtedly Have A Significant Impact On The Way Companies In All Sectors Operate In The Years To Come. As With Any Disruptive Technology, Blockchain Presents Tremendous Opportunities But May Also Raise Legal, Regulatory, And Business Challenges.

Beckmen Law Firm has broad-based experience across the many industries in which this technology will be deployed. Our firm is uniquely positioned to advise clients in connection with policy, regulatory, litigation, enforcement and investigations, privacy and data security, consumer protection, and transactional matters relating to distributed ledger technology.

We provide comprehensive, interdisciplinary advice to clients looking to acquire, adopt, evaluate, or litigate matters relating to distributed ledger technology.

Beckmen Law Firm advises clients of all sizes in connection with a broad array of legal and business matters at the cross-section of technology innovation and regulation, including blockchain, in relation to:

  • Global, federal, and state regulatory frameworks
  • Financial services regulatory enforcement and investigations, including Anti-Money Laundering advice
  • Data privacy and cybersecurity
  • Commercial litigation
  • Public policy and government affairs
  • Technology transactions
  • Mergers and acquisitions
  • Venture capital and private investments
  • Capital markets and securities
  • Futures and derivatives regulation

Zamansky LLC

Website:

https://www.zamansky.com/practices/bitcoin-and-cryptocurrency/

Telephone:

+1 (646) 663-5628

Address:

50 Broadway - 32nd Floor

New York, NY, 10004

Social:

Bitcoin and Cryptocurrency

Bitcoin and cryptocurrencies have become the biggest financial products for 2018, generating ample headlines and turning average people into millionaires – at least for brief moments until their investments in these volatile currencies comes tumbling down.

Cryptocurrencies are not a new concept, although most of the early attempts to create a virtual currency crashed and burned, like the long-defunct Flooz and DigiCash that were hallmarks of the 1990’s tech boom.

However, Bitcoin offered something different – it billed itself as the first digital currency with a decentralized network that was not dependent on a central bank.  First conceived of as open-source software in 2009, Bitcoin was the leader in a virtual currency revolution that drove prices to almost $20,000 for a single coin and that prompted a frenzy that sent the prices of other cryptocurrencies skyrocketing.

While Bitcoin and the blockchain technology that made it possible is indeed having a profound impact and these cryptocurrencies may yet change the world, future gains are uncertain, substantial losses have already occurred, regulatory issues have arisen, and investors have also managed to lose millions.   Investing in cryptocurrencies and understanding the legal issues surrounding them can be a very complicated prospect and you need a Bitcoin attorney who understands the technology and the law that will impact the future of blockchain.

Zamansky LLC is the firm you are looking for. Our legal team is made up of renowned securities and investment fraud attorneys who have handled class action cases, securities arbitrations, and many financial claims arising out of complex legal issues. We understand the cryptocurrency revolution, we have been keeping abreast of legal developments, and we can provide the assistance and support you need to protect yourself when you become involved in the cryptocurrency market.  To find out more about how our firm can help you, give us a call today.

How Do Cryptocurrencies Work?

Cryptocurrencies, including Bitcoin and its competitors, are digital or virtual currencies. The currencies get their value because of their scarcity, just as any monetary system obtains value.  If you could print unlimited dollars or produce unlimited Bitcoins, they would have no worth.

While the supply of most currencies is controlled by central banks, like the Federal Reserve in the United States, cryptocurrencies do not rely on a central bank. Instead, encryption techniques regulate the production or generation of new units of the currency, which has helped to give these currencies their name. Encryption techniques also verify when funds are transferred when transactions take place involving cryptocurrencies.

For payment networks to be viable, there must not only be a limited supply of the currency, but there must also be a way to track the currency and make sure no one spends the same money twice. With cryptocurrencies, there’s no centralized entity that monitors transactions to prevent double spending. Instead, there is a decentralized network that everyone can access which keeps a list of transactions.

Ensuring that there is a consensus among all of the different entities in the network is essential for cryptocurrencies to have value, because it must be clear when transactions took place. The shared database of information about transactions must not only be accessible and uniform among all entities in the network, but it must also be unchangeable so no entity in the network can modify it.

Cryptocurrencies have achieved this through the use of blockchain technology.  Blockchain is an unchangeable, immutable, irreversible record of historical transactions that took place. Transactions can only be added to the blockchain if confirmed by all of the entities in the decentralized network.

Once a transaction is confirmed, it’s combined with others in a block of data that becomes part of the unchangeable record. These blocks with data about different transactions are all joined together in permanent, unalterable ways. The entire network can see the transactions made up of the blocks of information, all of which has been confirmed.

The basic tenants of this blockchain technology form the basis not just for Bitcoin but for other cryptocurrencies as well, such as ethereum.  While the specific process of building the unchangeable public ledger can vary from currency to currency, the key to all cryptocurrencies is the blockchain, or shared global transaction ledger which transactions can be added to only after confirmation.

What Are the Different Types of Cryptocurrencies?

Bitcoin is the most well known of the cryptocurrencies because it was the first modern cryptocurrency to be developed and because it was the first to make use of blockchain as a technology. However, it is far from the only cryptocurrency. Others include:

  • Ethereum
  • Ethereum classic
  • Ripple
  • Litecoin
  • NEM
  • Monero
  • Zcash
  • Decred
  • PIVX

Cryptocurrencies that are not Bitcoin are sometimes called altcurrencies. While there are many altcurrencies that have become quite valuable, it’s important to recognize that many cryptocurrencies have been created to attempt to cash in on the frenzy to buy virtual currencies – and not all of these currencies are legitimate. One currency, Dogecoin, for example, was introduced as a joke currency based off of an Internet meme created around a Shiba Inu dog. The parody cryptocurrency had a market value of more than $1 billion as of January 2018.

Before investing in cryptocurrencies, researching the history of the currency and the technology behind it is vital. A cryptocurrency law firm can provide you with assistance in conducting your due diligence and in taking action if you are taken in by a scam currency.

How Do You Invest in Cryptocurrencies?

Investing in any cryptocurrency, even Bitcoin and other cryptocurrencies that are legitimate and established, can be a high-risk investment due to the volatility of the cryptocurrency market. Making an investment is also not as simple as calling up your broker or visiting a responsible brokerage account where you have funds invested.

If you want to buy cryptocurrencies, you’ll need to use a specialized coin exchange. There are several well-known trading platforms for cryptocurrencies, but even many respected and widely-known coin trading platforms have experienced serious problems including hacks and flash crashes.  While there is an inherent risk in buying and selling currencies from any trading platforms, some are better than others and you should carefully research to find the right one

When you purchase cryptocurrencies, you’ll typically need a digital wallet in which to store the public and private keys necessary to prove your ownership and to complete transactions. Bitcoins have an added layer of security through public key cryptography, or asymmetric cryptography as it is also called.  While anyone can encrypt data using the public key, only the owner of the paired private key can decrypt the data. If you lose access to your public or private key, such as by forgetting the password to your digital wallet, you won’t be able to access your bitcoins.

Virtual wallets not only allow you to store the cryptography you need to access your coins, but they also facilitate the transfer of coins by allowing you to send and receive them. There are different virtual wallets for different kinds of cryptocurrency and the wallets work differently. You can use mobile or computer applications that serve as virtual wallets, you can have a web wallet, you can have a wallet on your mobile device, or you can even create a paper wallet.

Wallets can be susceptible to hacking, so it is imperative you take precautions to select the right virtual wallet and to keep your data secure.  There is typically no easy method of password recovery when you forget your digital wallet passcode and there are services that charge thousands of dollars to use specialized programs to try to help you recover virtual currencies stored on wallets rendered inaccessible due to forgotten passwords.

What are the Rules and Regulations Governing Cryptocurrencies?

Because the cryptocurrency marketplace is a relatively new one, it is not as well-regulated as many other types of financial products. Still, there are laws surrounding cryptocurrencies that investors need to be aware of.

In 2013, the Financial Crimes Enforcement Network (FinCEN), released guidance indicating Bitcoin exchanges should be treated as Money Services Businesses (MSBs), which triggered registration requirements.  As MSBs, trading exchanges are subject to rules set forth under the Bank Secrecy Act, including Know Your Customer rules which require identity verification when accounts are opened in order to reduce the use of Bitcoin in money laundering and other illegal operations.

The IRS has also determined that Bitcoin and other virtual currencies are treated as property. Investors must report these cryptocurrencies on their tax returns, and the IRS has successfully pursued legal action to compel a major coin exchange, Coinbase Inc., to turn over information on some transactions and on some account holders.  The information the IRS obtains could potentially be utilized to identify potential tax evaders who failed to comply with the rules regarding declaring their virtual currencies.

What Are the Risks?

The risks of investing in cryptocurrencies are ample and varied. There is, of course, the obvious risk of suffering substantial financial loss if a cryptocurrency declines dramatically in value or even loses its value altogether.  Bitcoin has experienced wild fluctuations in price, dropping as much as 50 percent of its value over a single month period. Other cryptocurrencies have also experienced volatility.

As the regulatory framework evolves, further substantial financial reductions in cryptocurrency value could occur if governments impose tough regulations or even ban trading altogether. For example, when the South Korean commissioner considered a crypto trading ban, this sent the price of Bitcoin plummeting.

It is not only a decline in the value of the cryptocurrency you’re invested in that should give you cause for concern.  There have been numerous instances where respected trading platforms have been hacked and substantial losses have occurred.

In 2016, for example, a loophole in the Decentralized Autonomous Organization (DAO) that served as Ethereum’s ecosystem, resulted in the DAO being hacked. Because of the hack, more than 1/3 of the DAO’s funds were taken. This was the equivalent of $50 million. This precipitated a dramatic decline in the price of ether and was undermining trust in the entire cryptocurrency concept.  The DAO that was stolen, however, was still sitting in the child DAO and was inaccessible for 28 days. A decision was made to refund the money taken by the hack using a hard fork.

A fork occurs to update software. If the fork is a soft fork – as most often happens with the blockchain – – it is backward compatible so all transactions that came before are still accessible.  Hard forks, on the other hand, are not backward compatible. New software will be needed and access to previous data won’t be possible. The hard fork in this case was created to refund the stolen funds; however, some in the ethereum community who were opposed to the hard fork renamed the old fork Ethereum Classic and continued to maintain the old blockchain that didn’t give the hacked individuals back their funds.  Today, there are two separate virtual currencies, ethereum classic utilizing the old blockchain without the hard fork, and ethereum which includes the fork

However, not all individuals who have lost cryptocurrencies through hacking have been able to recover their funds.  Investors assume the substantial risk of loss when investing in cryptocurrencies because of this threat of hacking. Further, virtual wallets are not insured by the FDIC as bank deposits are, so if the digital wallet company goes out of business or a security breach occurs, you have little recourse.

What Legal Issues Can Arise in Connection With Cryptocurrencies?

Because regulations are still developing, the legal issues cryptocurrency investors could encounter are still not yet fully apparent. For U.S. based investors, the Bank Secrecy Act and IRS tax rules are the primary legal requirements that investors and coin sellers must be aware of.

Businesses and individuals who change Bitcoins into U.S. dollars should register with the Department of Treasury and ensure compliance with the reporting requirements found within the Bank Secrecy Act. All investors should ensure they follow guidelines for reporting transactions to the IRS.

Getting Help from a Bitcoin Attorney at Zamansky LLC

Zamansky LLC can provide comprehensive assistance with all of the legal issues that arise in relation to Bitcoin. Our firm can offer guidance on securities regulations, the Bank Secrecy Act, tax laws, and other evolving regulations that are applicable to Bitcoin and cryptocurrencies. We can also provide assistance if problems arise in connection with Bitcoin or cryptocurrency transactions. To find out more about the assistance we can offer, give us a call today.

Bitcoin and Cryptocurrency

Bitcoin and cryptocurrencies have become the biggest financial products for 2018, generating ample headlines and turning average people into millionaires – at least for brief moments until their investments in these volatile currencies comes tumbling down.

Cryptocurrencies are not a new concept, although most of the early attempts to create a virtual currency crashed and burned, like the long-defunct Flooz and DigiCash that were hallmarks of the 1990’s tech boom.

However, Bitcoin offered something different – it billed itself as the first digital currency with a decentralized network that was not dependent on a central bank.  First conceived of as open-source software in 2009, Bitcoin was the leader in a virtual currency revolution that drove prices to almost $20,000 for a single coin and that prompted a frenzy that sent the prices of other cryptocurrencies skyrocketing.

While Bitcoin and the blockchain technology that made it possible is indeed having a profound impact and these cryptocurrencies may yet change the world, future gains are uncertain, substantial losses have already occurred, regulatory issues have arisen, and investors have also managed to lose millions.   Investing in cryptocurrencies and understanding the legal issues surrounding them can be a very complicated prospect and you need a Bitcoin attorney who understands the technology and the law that will impact the future of blockchain.

Zamansky LLC is the firm you are looking for. Our legal team is made up of renowned securities and investment fraud attorneys who have handled class action cases, securities arbitrations, and many financial claims arising out of complex legal issues. We understand the cryptocurrency revolution, we have been keeping abreast of legal developments, and we can provide the assistance and support you need to protect yourself when you become involved in the cryptocurrency market.  To find out more about how our firm can help you, give us a call today.

How Do Cryptocurrencies Work?

Cryptocurrencies, including Bitcoin and its competitors, are digital or virtual currencies. The currencies get their value because of their scarcity, just as any monetary system obtains value.  If you could print unlimited dollars or produce unlimited Bitcoins, they would have no worth.

While the supply of most currencies is controlled by central banks, like the Federal Reserve in the United States, cryptocurrencies do not rely on a central bank. Instead, encryption techniques regulate the production or generation of new units of the currency, which has helped to give these currencies their name. Encryption techniques also verify when funds are transferred when transactions take place involving cryptocurrencies.

For payment networks to be viable, there must not only be a limited supply of the currency, but there must also be a way to track the currency and make sure no one spends the same money twice. With cryptocurrencies, there’s no centralized entity that monitors transactions to prevent double spending. Instead, there is a decentralized network that everyone can access which keeps a list of transactions.

Ensuring that there is a consensus among all of the different entities in the network is essential for cryptocurrencies to have value, because it must be clear when transactions took place. The shared database of information about transactions must not only be accessible and uniform among all entities in the network, but it must also be unchangeable so no entity in the network can modify it.

Cryptocurrencies have achieved this through the use of blockchain technology.  Blockchain is an unchangeable, immutable, irreversible record of historical transactions that took place. Transactions can only be added to the blockchain if confirmed by all of the entities in the decentralized network.

Once a transaction is confirmed, it’s combined with others in a block of data that becomes part of the unchangeable record. These blocks with data about different transactions are all joined together in permanent, unalterable ways. The entire network can see the transactions made up of the blocks of information, all of which has been confirmed.

The basic tenants of this blockchain technology form the basis not just for Bitcoin but for other cryptocurrencies as well, such as ethereum.  While the specific process of building the unchangeable public ledger can vary from currency to currency, the key to all cryptocurrencies is the blockchain, or shared global transaction ledger which transactions can be added to only after confirmation.

What Are the Different Types of Cryptocurrencies?

Bitcoin is the most well known of the cryptocurrencies because it was the first modern cryptocurrency to be developed and because it was the first to make use of blockchain as a technology. However, it is far from the only cryptocurrency. Others include:

  • Ethereum
  • Ethereum classic
  • Ripple
  • Litecoin
  • NEM
  • Monero
  • Zcash
  • Decred
  • PIVX

Cryptocurrencies that are not Bitcoin are sometimes called altcurrencies. While there are many altcurrencies that have become quite valuable, it’s important to recognize that many cryptocurrencies have been created to attempt to cash in on the frenzy to buy virtual currencies – and not all of these currencies are legitimate. One currency, Dogecoin, for example, was introduced as a joke currency based off of an Internet meme created around a Shiba Inu dog. The parody cryptocurrency had a market value of more than $1 billion as of January 2018.

Before investing in cryptocurrencies, researching the history of the currency and the technology behind it is vital. A cryptocurrency law firm can provide you with assistance in conducting your due diligence and in taking action if you are taken in by a scam currency.

How Do You Invest in Cryptocurrencies?

Investing in any cryptocurrency, even Bitcoin and other cryptocurrencies that are legitimate and established, can be a high-risk investment due to the volatility of the cryptocurrency market. Making an investment is also not as simple as calling up your broker or visiting a responsible brokerage account where you have funds invested.

If you want to buy cryptocurrencies, you’ll need to use a specialized coin exchange. There are several well-known trading platforms for cryptocurrencies, but even many respected and widely-known coin trading platforms have experienced serious problems including hacks and flash crashes.  While there is an inherent risk in buying and selling currencies from any trading platforms, some are better than others and you should carefully research to find the right one

When you purchase cryptocurrencies, you’ll typically need a digital wallet in which to store the public and private keys necessary to prove your ownership and to complete transactions. Bitcoins have an added layer of security through public key cryptography, or asymmetric cryptography as it is also called.  While anyone can encrypt data using the public key, only the owner of the paired private key can decrypt the data. If you lose access to your public or private key, such as by forgetting the password to your digital wallet, you won’t be able to access your bitcoins.

Virtual wallets not only allow you to store the cryptography you need to access your coins, but they also facilitate the transfer of coins by allowing you to send and receive them. There are different virtual wallets for different kinds of cryptocurrency and the wallets work differently. You can use mobile or computer applications that serve as virtual wallets, you can have a web wallet, you can have a wallet on your mobile device, or you can even create a paper wallet.

Wallets can be susceptible to hacking, so it is imperative you take precautions to select the right virtual wallet and to keep your data secure.  There is typically no easy method of password recovery when you forget your digital wallet passcode and there are services that charge thousands of dollars to use specialized programs to try to help you recover virtual currencies stored on wallets rendered inaccessible due to forgotten passwords.

What are the Rules and Regulations Governing Cryptocurrencies?

Because the cryptocurrency marketplace is a relatively new one, it is not as well-regulated as many other types of financial products. Still, there are laws surrounding cryptocurrencies that investors need to be aware of.

In 2013, the Financial Crimes Enforcement Network (FinCEN), released guidance indicating Bitcoin exchanges should be treated as Money Services Businesses (MSBs), which triggered registration requirements.  As MSBs, trading exchanges are subject to rules set forth under the Bank Secrecy Act, including Know Your Customer rules which require identity verification when accounts are opened in order to reduce the use of Bitcoin in money laundering and other illegal operations.

The IRS has also determined that Bitcoin and other virtual currencies are treated as property. Investors must report these cryptocurrencies on their tax returns, and the IRS has successfully pursued legal action to compel a major coin exchange, Coinbase Inc., to turn over information on some transactions and on some account holders.  The information the IRS obtains could potentially be utilized to identify potential tax evaders who failed to comply with the rules regarding declaring their virtual currencies.

What Are the Risks?

The risks of investing in cryptocurrencies are ample and varied. There is, of course, the obvious risk of suffering substantial financial loss if a cryptocurrency declines dramatically in value or even loses its value altogether.  Bitcoin has experienced wild fluctuations in price, dropping as much as 50 percent of its value over a single month period. Other cryptocurrencies have also experienced volatility.

As the regulatory framework evolves, further substantial financial reductions in cryptocurrency value could occur if governments impose tough regulations or even ban trading altogether. For example, when the South Korean commissioner considered a crypto trading ban, this sent the price of Bitcoin plummeting.

It is not only a decline in the value of the cryptocurrency you’re invested in that should give you cause for concern.  There have been numerous instances where respected trading platforms have been hacked and substantial losses have occurred.

In 2016, for example, a loophole in the Decentralized Autonomous Organization (DAO) that served as Ethereum’s ecosystem, resulted in the DAO being hacked. Because of the hack, more than 1/3 of the DAO’s funds were taken. This was the equivalent of $50 million. This precipitated a dramatic decline in the price of ether and was undermining trust in the entire cryptocurrency concept.  The DAO that was stolen, however, was still sitting in the child DAO and was inaccessible for 28 days. A decision was made to refund the money taken by the hack using a hard fork.

A fork occurs to update software. If the fork is a soft fork – as most often happens with the blockchain – – it is backward compatible so all transactions that came before are still accessible.  Hard forks, on the other hand, are not backward compatible. New software will be needed and access to previous data won’t be possible. The hard fork in this case was created to refund the stolen funds; however, some in the ethereum community who were opposed to the hard fork renamed the old fork Ethereum Classic and continued to maintain the old blockchain that didn’t give the hacked individuals back their funds.  Today, there are two separate virtual currencies, ethereum classic utilizing the old blockchain without the hard fork, and ethereum which includes the fork

However, not all individuals who have lost cryptocurrencies through hacking have been able to recover their funds.  Investors assume the substantial risk of loss when investing in cryptocurrencies because of this threat of hacking. Further, virtual wallets are not insured by the FDIC as bank deposits are, so if the digital wallet company goes out of business or a security breach occurs, you have little recourse.

What Legal Issues Can Arise in Connection With Cryptocurrencies?

Because regulations are still developing, the legal issues cryptocurrency investors could encounter are still not yet fully apparent. For U.S. based investors, the Bank Secrecy Act and IRS tax rules are the primary legal requirements that investors and coin sellers must be aware of.

Businesses and individuals who change Bitcoins into U.S. dollars should register with the Department of Treasury and ensure compliance with the reporting requirements found within the Bank Secrecy Act. All investors should ensure they follow guidelines for reporting transactions to the IRS.

Getting Help from a Bitcoin Attorney at Zamansky LLC

Zamansky LLC can provide comprehensive assistance with all of the legal issues that arise in relation to Bitcoin. Our firm can offer guidance on securities regulations, the Bank Secrecy Act, tax laws, and other evolving regulations that are applicable to Bitcoin and cryptocurrencies. We can also provide assistance if problems arise in connection with Bitcoin or cryptocurrency transactions. To find out more about the assistance we can offer, give us a call today.

Mackrell Turner Garrett

Website:

http://www.mackrell.com/our-services/for-your-business/blockchain-and-cryptocurrency/

Email:

nigel.rowley@mackrell.com

Telephone:

00 44 (0) 20 7240 0521

Address:

Savoy Hill House Savoy Hill

London, UK, WC2R 0BU

Social:

At Mackrell Turner Garrett, our Crime and Regulatory Law team is able to provide specialist advice and legal support on matters relating to blockchain and cryptocurrency.

Blockchain and cryptocurrency legal services

The emergence in recent years of the blockchain and cryptocurrency phenomena provides companies with exciting opportunities, but such benefits also come with the possibility of cyber-risk, particularly as such technology is largely operating in uncharted legal territory.

What is blockchain?

In simple terms, blockchain refers to a digital database or ledger of recorded information.

Blockchain differs from traditional ledgers because more than one – and often thousands – of identical copies can be accessed at the same time from anywhere in the world.

As a user changes or updates a piece of information, all other copies of the ledger are automatically updated. There is no central server, and the technologies used to code and validate the stored information make cyber-attacks difficult.

So called ‘smart contracts’ often use blockchain technology. Although not officially ‘contracts’ in the legal sense, they are a highly efficient method of performing an automated task following a pre-determined set of circumstances e.g. a smart contract can be coded to pay ticket holders compensation in the event that their train is late.

Bodies that operate in such a way are known as Decentralised Autonomous Organisations(DAOs.)

What is cryptocurrency?

Without blockchain, cryptocurrency would not exist. Digital currencies, including the most well know – Bitcoin – employ encryption techniques and via blockchain, the units of currency are regulated and transferred independently of a centralised bank or financial institution.

“Virtual currencies, perhaps most notably Bitcoin, have captured the imagination of some, struck fear among others, and confused the heck out of the rest of us.” – Thomas Carper, US-Senator.

Cryptocurrency is no different to physical bank notes and coins if you consider that they too are simply verified entries in a database of accounts and transactions that ‘promise to pay the bearer’.

Legal issues relating to blockchain and cryptocurrency

At Mackrell Turner Garrett our expert Crime and Regulatory Law team is able to provide specialist legal advice and support on issues relating to both blockchain and cryptocurrency matters including:

  • Your legal right and obligations
  • Contractual issues including breach of contract
  • Jurisdictional and cross-border advice
  • Insuring cryptocurrency and other cyber risk security issues
  • Fraud
  • Insolvency and forensic legal advice

Experts in international jurisdictional law

As a founding member of Mackrell International, one of the largest international organisations of independent law firms in the world with 170 offices globally, we have unrivalled legal expertise regarding all aspects of international law to support cross-border transactions and multi-jurisdictional matters.

Our expertise:

Nigel, Rowley is head of Mackrell Turner Garrett in London and is also Head of Litigation and Dispute Resolution in the London office of Mackrell Turner Garrett he is experienced in complex litigation matters, and various forms of dispute resolution.

He has been partner at the firm for more than two-and-a-half decades and has seen how the international legal market has changed significantly through his work on various cross-border disputes, and multi-jurisdictional litigation.

This experience has led him to become chairman of Mackrell International – a network of more than 4,500 lawyers from more than 90 member firms in 60 countries.

Languages spoken in our London office include Cantonese, English, French, German, Gujarati, Hindi, Italian, Punjabi and Spanish and Swahili.

To find out how we can help you with issues relating to blockchain and cryptocurrency, please contact us.

At Mackrell Turner Garrett, our Crime and Regulatory Law team is able to provide specialist advice and legal support on matters relating to blockchain and cryptocurrency.

Blockchain and cryptocurrency legal services

The emergence in recent years of the blockchain and cryptocurrency phenomena provides companies with exciting opportunities, but such benefits also come with the possibility of cyber-risk, particularly as such technology is largely operating in uncharted legal territory.

What is blockchain?

In simple terms, blockchain refers to a digital database or ledger of recorded information.

Blockchain differs from traditional ledgers because more than one – and often thousands – of identical copies can be accessed at the same time from anywhere in the world.

As a user changes or updates a piece of information, all other copies of the ledger are automatically updated. There is no central server, and the technologies used to code and validate the stored information make cyber-attacks difficult.

So called ‘smart contracts’ often use blockchain technology. Although not officially ‘contracts’ in the legal sense, they are a highly efficient method of performing an automated task following a pre-determined set of circumstances e.g. a smart contract can be coded to pay ticket holders compensation in the event that their train is late.

Bodies that operate in such a way are known as Decentralised Autonomous Organisations(DAOs.)

What is cryptocurrency?

Without blockchain, cryptocurrency would not exist. Digital currencies, including the most well know – Bitcoin – employ encryption techniques and via blockchain, the units of currency are regulated and transferred independently of a centralised bank or financial institution.

“Virtual currencies, perhaps most notably Bitcoin, have captured the imagination of some, struck fear among others, and confused the heck out of the rest of us.” – Thomas Carper, US-Senator.

Cryptocurrency is no different to physical bank notes and coins if you consider that they too are simply verified entries in a database of accounts and transactions that ‘promise to pay the bearer’.

Legal issues relating to blockchain and cryptocurrency

At Mackrell Turner Garrett our expert Crime and Regulatory Law team is able to provide specialist legal advice and support on issues relating to both blockchain and cryptocurrency matters including:

  • Your legal right and obligations
  • Contractual issues including breach of contract
  • Jurisdictional and cross-border advice
  • Insuring cryptocurrency and other cyber risk security issues
  • Fraud
  • Insolvency and forensic legal advice

Experts in international jurisdictional law

As a founding member of Mackrell International, one of the largest international organisations of independent law firms in the world with 170 offices globally, we have unrivalled legal expertise regarding all aspects of international law to support cross-border transactions and multi-jurisdictional matters.

Our expertise:

Nigel, Rowley is head of Mackrell Turner Garrett in London and is also Head of Litigation and Dispute Resolution in the London office of Mackrell Turner Garrett he is experienced in complex litigation matters, and various forms of dispute resolution.

He has been partner at the firm for more than two-and-a-half decades and has seen how the international legal market has changed significantly through his work on various cross-border disputes, and multi-jurisdictional litigation.

This experience has led him to become chairman of Mackrell International – a network of more than 4,500 lawyers from more than 90 member firms in 60 countries.

Languages spoken in our London office include Cantonese, English, French, German, Gujarati, Hindi, Italian, Punjabi and Spanish and Swahili.

To find out how we can help you with issues relating to blockchain and cryptocurrency, please contact us.

Frost Brown Todd Attorneys

Website:

https://www.frostbrowntodd.com/services-practices-blockchain-and-digital-currency.html

Telephone:

+1 304.345.0111

Address:

United Bank, 500 Virginia Street, East, Suite 1100

Charleston, West Virginia, 25301

Distributed ledger, also known as blockchain, and cryptocurrency and digital assets, such as bitcoin are poised to revolutionize the way businesses function, and goods and services are delivered.  The Blockchain team is at the forefront of these developments, helping both clients preparing for disruption and those on the cutting edge themselves.  Our multidisciplinary team provides training to those evaluating how innovation may change their industry, counseling on statutory and regulatory compliance, litigation support, and business transaction assistance.  The firm is also a proud member of the Chamber of Digital Commerce Lawyers’ Committee, the world’s leading trade association representing the digital asset and blockchain industry.  With an exceptional combination of skills, including commercial law, compliance, financial services, and litigation experience, our Blockchain team is uniquely situated to help clients develop and implement blockchain and digital currency strategies.

Distributed ledger, also known as blockchain, and cryptocurrency and digital assets, such as bitcoin are poised to revolutionize the way businesses function, and goods and services are delivered.  The Blockchain team is at the forefront of these developments, helping both clients preparing for disruption and those on the cutting edge themselves.  Our multidisciplinary team provides training to those evaluating how innovation may change their industry, counseling on statutory and regulatory compliance, litigation support, and business transaction assistance.  The firm is also a proud member of the Chamber of Digital Commerce Lawyers’ Committee, the world’s leading trade association representing the digital asset and blockchain industry.  With an exceptional combination of skills, including commercial law, compliance, financial services, and litigation experience, our Blockchain team is uniquely situated to help clients develop and implement blockchain and digital currency strategies.

Gibraltar Lawyers and ISOLAS

Website:

http://www.gibraltarlawyers.com/practice/fintech

Email:

info@isolas.gi

Telephone:

+350 2000 1892

Address:

Portland House, Glacis Road, PO Box 204

Gibraltar, GX11 1AA

Social:

Gibraltar and ISOLAS LLP – a key combination in the DLT/Token Launch space

Gibraltar is quickly emerging in the Fintech space for new businesses starting up in this fast-moving sector.

With a sound regulatory environment that welcomes innovation together with an accessible and forward-thinking regulator, Gibraltar is a jurisdiction that many Fintech businesses (including blockchain start-ups, multi-currency digital wallet providers, e-money institutions and innovative payment service providers) are either setting up operations in or keeping a close eye on.

This has been accelerated by the proposal for a Distributed Ledger Technology Framework from the Government of Gibraltar and the Financial Services Commission. This document follows on from the ‘Virtual Currency: Outline Regulatory Framework’ paper which was produced by the Cryptocurrency working group co-chaired by partner Joey Garcia. Joey Garcia has recently been recognised as one of only 12 leading individuals in Blockchain by Chambers & Partners – click here for more info

ISOLAS is a market leader in the Fintech sector, having worked closely with the Government of Gibraltar and the Gibraltar Financial Services Commission on various niche areas within this space. We have been instrumental, through our participation in Government established working groups, in shaping discussions and regulatory proposals for Crypto-Currency, Crowdfunding and Distributed Ledger Technology.

ISOLAS also founded Gibraltar’s only dedicated Fintech think tank, thinkFintech.gi, an initiative that brings together local and international financial services and technology professionals to collaborate and discuss ways in which Gibraltar can position itself as a welcoming, supportive and well-regulated environment for Fintech business.

ISOLAS is therefore at the forefront of legal developments and has unrivalled expertise when it comes to advising on these exciting new areas of financial services. We provide a tailored approach to finding legal and regulatory solutions for our client’s objectives based on our in-depth understanding of the industry.

Joey has been recognised as one of only 12 global legal blockchain experts by Chambers & Partners in 2017 – for more information, click the link: Joey Garcia recognised as Global blockchain legal expert

ISOLAS recently contributed the Gibraltar chapter of the European Crowdfunding Regulation review – click the link for more information – ISOLAS LLP contributes to the European Crowdfunding Regulation review 2017

Gibraltar and ISOLAS LLP – a key combination in the DLT/Token Launch space

Gibraltar is quickly emerging in the Fintech space for new businesses starting up in this fast-moving sector.

With a sound regulatory environment that welcomes innovation together with an accessible and forward-thinking regulator, Gibraltar is a jurisdiction that many Fintech businesses (including blockchain start-ups, multi-currency digital wallet providers, e-money institutions and innovative payment service providers) are either setting up operations in or keeping a close eye on.

This has been accelerated by the proposal for a Distributed Ledger Technology Framework from the Government of Gibraltar and the Financial Services Commission. This document follows on from the ‘Virtual Currency: Outline Regulatory Framework’ paper which was produced by the Cryptocurrency working group co-chaired by partner Joey Garcia. Joey Garcia has recently been recognised as one of only 12 leading individuals in Blockchain by Chambers & Partners – click here for more info

ISOLAS is a market leader in the Fintech sector, having worked closely with the Government of Gibraltar and the Gibraltar Financial Services Commission on various niche areas within this space. We have been instrumental, through our participation in Government established working groups, in shaping discussions and regulatory proposals for Crypto-Currency, Crowdfunding and Distributed Ledger Technology.

ISOLAS also founded Gibraltar’s only dedicated Fintech think tank, thinkFintech.gi, an initiative that brings together local and international financial services and technology professionals to collaborate and discuss ways in which Gibraltar can position itself as a welcoming, supportive and well-regulated environment for Fintech business.

ISOLAS is therefore at the forefront of legal developments and has unrivalled expertise when it comes to advising on these exciting new areas of financial services. We provide a tailored approach to finding legal and regulatory solutions for our client’s objectives based on our in-depth understanding of the industry.

Joey has been recognised as one of only 12 global legal blockchain experts by Chambers & Partners in 2017 – for more information, click the link: Joey Garcia recognised as Global blockchain legal expert

ISOLAS recently contributed the Gibraltar chapter of the European Crowdfunding Regulation review – click the link for more information – ISOLAS LLP contributes to the European Crowdfunding Regulation review 2017

The Tracy Firm

Website:

https://tracyfirm.com/bitcoin-attorney/

Email:

at@tracyfirm.com

Telephone:

1.888.978.9901

Address:

The Chicago Board of Trade 141 W. Jackson Blvd. Suite 2172

Chicago, IL , 60604

Social:

Bitcoin and other forms of cryptocurrency including Litecoin and Dogecoin are each a form of digital currency that uses cryptography for security and anti-counterfeiting measures. Different types of formulas, all of which are cryptographic in nature, are used to record the movement of cryptocurrency between persons, limiting the amount of currency in circulation, and identifying the individual accounts that control it. Some of the legal issues inherent in the cryptocurrency industry are extremely complex, and often misunderstood in this newly developed economy, and as such, require a skilled bitcoin attorney to interpret them

What are the laws concerning Bitcoin and other cryptocurrencies?

The IRS has recently issued guidance stating that cryptocurrency is considered property for U.S. Federal tax purposes. Additionally, general tax principles that apply to property transactions apply to transactions using virtual currency. This also means that certain instances in which these currencies are acquired will be considered taxable income.

As Bitcoin and other cryptocurrency soar in popularity, government and regulatory bodies such as the IRS or Securities and Exchange Commission have struggled to keep pace – creating a loose framework of rules and regulations governing the use of cryptocurrency. The lack of clarity by such entities requires that individuals and businesses operating with Bitcoin or other cryptocurrency align themselves with a knowledgeable and trusted legal advisor.

Increased regulation of cryptocurrency both here in the United States and abroad can be expected as the use of Bitcoin and other altcoins becomes prevalent. While many countries will most likely follow the lead of the U.S., the nuance found in each country’s tax and securities codes, to name just a few, will make compliance a daunting task in today’s global economy. The current regulations in place across the globe are as young as digital currency itself, and because of this, require an experienced cryptocurrency lawyer who is adept at interpreting and responding to ever changing regulations.

Adam S. Tracy, an Experienced Bitcoin Lawyer

Bitcoin attorney Adam S. Tracy has been at the leading edge of the cryptocurrency revolution. Located in Chicago, Adam has built his career in one of the world’s great financial hubs while helping clients locally and around the world managing the complex process of cryptocurrency compliance. If you are involved with Bitcoin and other cryptocurrency and have any questions with regard to how to comply with digital currency regulations, call the Securities Compliance Group at 888-978-9901.

Bitcoin and other forms of cryptocurrency including Litecoin and Dogecoin are each a form of digital currency that uses cryptography for security and anti-counterfeiting measures. Different types of formulas, all of which are cryptographic in nature, are used to record the movement of cryptocurrency between persons, limiting the amount of currency in circulation, and identifying the individual accounts that control it. Some of the legal issues inherent in the cryptocurrency industry are extremely complex, and often misunderstood in this newly developed economy, and as such, require a skilled bitcoin attorney to interpret them

What are the laws concerning Bitcoin and other cryptocurrencies?

The IRS has recently issued guidance stating that cryptocurrency is considered property for U.S. Federal tax purposes. Additionally, general tax principles that apply to property transactions apply to transactions using virtual currency. This also means that certain instances in which these currencies are acquired will be considered taxable income.

As Bitcoin and other cryptocurrency soar in popularity, government and regulatory bodies such as the IRS or Securities and Exchange Commission have struggled to keep pace – creating a loose framework of rules and regulations governing the use of cryptocurrency. The lack of clarity by such entities requires that individuals and businesses operating with Bitcoin or other cryptocurrency align themselves with a knowledgeable and trusted legal advisor.

Increased regulation of cryptocurrency both here in the United States and abroad can be expected as the use of Bitcoin and other altcoins becomes prevalent. While many countries will most likely follow the lead of the U.S., the nuance found in each country’s tax and securities codes, to name just a few, will make compliance a daunting task in today’s global economy. The current regulations in place across the globe are as young as digital currency itself, and because of this, require an experienced cryptocurrency lawyer who is adept at interpreting and responding to ever changing regulations.

Adam S. Tracy, an Experienced Bitcoin Lawyer

Bitcoin attorney Adam S. Tracy has been at the leading edge of the cryptocurrency revolution. Located in Chicago, Adam has built his career in one of the world’s great financial hubs while helping clients locally and around the world managing the complex process of cryptocurrency compliance. If you are involved with Bitcoin and other cryptocurrency and have any questions with regard to how to comply with digital currency regulations, call the Securities Compliance Group at 888-978-9901.

Ifrah Law

Website:

https://www.ifrahlaw.com/practice-area/cryptocurrency-blockchain-law/

Email:

jeff@ifrahlaw.com

Telephone:

+1 (202) 524-4140

Address:

1717 Pennsylvania Ave, N.W. Suite 650

Washington, DC, 20006

Social:

Ever since the debut of Bitcoin, Ifrah Law has been at the forefront of the cryptocurrency movement, counseling companies on the best ways to utilize the digital revolution of blockchain in their own business models.

Ifrah’s attorneys have always been trail blazers, and our ability to brainstorm ways to leverage this concept of a decentralized peer-to-peer network has long been a valued asset to our clients. Representing pioneers in the interactive entertainment and financial services industries, we have accumulated deep experience shaping programs for companies to enhance their products and their bottom line while staying within the bounds of the still-evolving regulatory landscape.

Ifrah Law’s prime positioning at the intersection of finance, technology and government regulation enables us to effectively counsel companies on the cutting edge of cryptocurrency.

  • We advise companies like ConsenSys, the for-profit arm of Ethereum, on ways to take advantage of blockchain platforms while remaining compliant with pertinent regulations, both domestically and abroad.
  • We have advised clients concerning ICOs (initial coin offerings) with valuations in the tens of millions of dollars for such companies as Unikrn, ConsenSys, Joy Gaming and FunFair.
  • We represent a new cryptocurrency exchange platform, supporting them in all their startup needs such as setting up money service business and other licenses and drafting policies and procedures.
  • We are working with numerous companies in industries spanning philanthropy to transportation, advising on the possibility of issuing an ICO and other ways to utilize the blockchain to achieve their business goals.
  • We counsel clients on cryptocurrency issues such as payment and licensing, consumer protection requirements, and data privacy, with special attention to the growing scrutiny of digital currencies by state attorneys general and federal agencies like the SEC, CFTC and FTC.
  • We draft internal policies to ensure corporate compliance with anti-money laundering laws, banking and securities regulations, and international requirements.

Ever since the debut of Bitcoin, Ifrah Law has been at the forefront of the cryptocurrency movement, counseling companies on the best ways to utilize the digital revolution of blockchain in their own business models.

Ifrah’s attorneys have always been trail blazers, and our ability to brainstorm ways to leverage this concept of a decentralized peer-to-peer network has long been a valued asset to our clients. Representing pioneers in the interactive entertainment and financial services industries, we have accumulated deep experience shaping programs for companies to enhance their products and their bottom line while staying within the bounds of the still-evolving regulatory landscape.

Ifrah Law’s prime positioning at the intersection of finance, technology and government regulation enables us to effectively counsel companies on the cutting edge of cryptocurrency.

  • We advise companies like ConsenSys, the for-profit arm of Ethereum, on ways to take advantage of blockchain platforms while remaining compliant with pertinent regulations, both domestically and abroad.
  • We have advised clients concerning ICOs (initial coin offerings) with valuations in the tens of millions of dollars for such companies as Unikrn, ConsenSys, Joy Gaming and FunFair.
  • We represent a new cryptocurrency exchange platform, supporting them in all their startup needs such as setting up money service business and other licenses and drafting policies and procedures.
  • We are working with numerous companies in industries spanning philanthropy to transportation, advising on the possibility of issuing an ICO and other ways to utilize the blockchain to achieve their business goals.
  • We counsel clients on cryptocurrency issues such as payment and licensing, consumer protection requirements, and data privacy, with special attention to the growing scrutiny of digital currencies by state attorneys general and federal agencies like the SEC, CFTC and FTC.
  • We draft internal policies to ensure corporate compliance with anti-money laundering laws, banking and securities regulations, and international requirements.

Kennyhertz Perry

Website:

https://kennyhertzperry.com/looking-back-bitcoin-2013/

Email:

info@kennyhertzperry.com

Telephone:

(816) 527-9447

Address:

420 Nichols Road, Suite 207

Kansas City, Missouri, 64112

Social:

LOOKING BACK: BITCOIN IN 2013

Back when Bitcoin was generally unknown and trading for less than $1,000, Kennyhertz Perry, LLC was featured in the Kansas City Business Journal as embracing the technology and accepting cryptocurrency as payment for legal services.  We were early adopters of the technology, and our clients saw the benefit.  We continue to represent clients in setting up exchanges, registration as Money Service Businesses, the establishment of automated teller machines, by drafting disclosures, contracts and best practices for all types of cryptocurrency based businesses.  We are now working on an Initial Coin Offering (an “ICO”) and navigating the complex and often archaic and outdated legal framework that continues to be applied by governments all over the world.  To say this area of law is “fast-paced” would be an understatement.

We continue to support the cryptocurrency markets and our clients that are involved in them.

To view the original December 2013 Kansas City Business Journal article, please click here.

LOOKING BACK: BITCOIN IN 2013

Back when Bitcoin was generally unknown and trading for less than $1,000, Kennyhertz Perry, LLC was featured in the Kansas City Business Journal as embracing the technology and accepting cryptocurrency as payment for legal services.  We were early adopters of the technology, and our clients saw the benefit.  We continue to represent clients in setting up exchanges, registration as Money Service Businesses, the establishment of automated teller machines, by drafting disclosures, contracts and best practices for all types of cryptocurrency based businesses.  We are now working on an Initial Coin Offering (an “ICO”) and navigating the complex and often archaic and outdated legal framework that continues to be applied by governments all over the world.  To say this area of law is “fast-paced” would be an understatement.

We continue to support the cryptocurrency markets and our clients that are involved in them.

To view the original December 2013 Kansas City Business Journal article, please click here.