Operating at the forefront of FinTech and digital currency, we are advising clients on the regulatory and legal implications of blockchain technology, cryptocurrency, distributed ledger systems, digital assets, and the technology underpinning electronic trading platforms in the financial markets.
Our multidisciplinary group assists with regulatory compliance, commercial agreements, dispute resolution, intellectual property, and fund formation. We represent significant open source technology developers, advising on the legal dimensions of establishing an architecture of trust and data integrity. We also counsel clients on cross border payment arrangements, technology licensing, custodial trust contracts, electronic trading, online trading platforms, and patent applications. We have implemented smart contracts for clients in the regulated insurance and real estate industries, so we understand that innovation in smart objects creates new challenges to the security and privacy of financial information, and that the “Internet of Things” needs to be underpinned by the “Internet of Value” to achieve interoperability across disparate payment networks.
Our attorneys bridge the gap between digital currency and blockchain developers and often behind-the-curve regulators. For example, we assist broker/dealers and investment advisors with registration and other regulatory issues relating to cryptocurrencies. We also help clients understand the need to work collaboratively with state, federal, and international regulators. In New York, we assisted our client in earning the first Virtual Currency Business Activity License (BitLicense) ever granted for institutional uses.
We also represent clients before the Financial Crimes Enforcement Network (FinCEN) and the bank regulatory agencies with respect to the Bank Secrecy Act (BSA) and anti-money laundering (AML) regulations, as well as before the Securities Exchange Commission (SEC), with respect to federal securities laws and the Commodity Futures Trading Commission (CFTC) with respect to the Commodity Exchange Act.
We also assist our clients in dispute resolution and have represented digital currency clients in criminal prosecution and civil enforcement proceedings. In addition, we proactively help our clients establish policies and protocols to avoid potential problems with government agencies.