Blockchain & Cryptocurrency
Meet the Co-chairs - TAGLAW
McLeod Law LLP
Silk Legal Company Ltd.
Ellul & Co
Author: Matthew Blakebrough
Initial Coin Offerings (ICOs), and their tokens, have changed dramatically during the course of 2018.
Back in January, Blockchain events in London were full of millennials living off appreciating cryptocurrency assets, spending their days and nights trading utility tokens from the latest ICO to hit the chatrooms of Reddit or flash up on Telegram.
Nine months on, things have changed due to the decline in value of many cryptocurrencies and the market 'wising up' to the fact that anywhere between 75% and 95% of unregulated utility token based ICOs being a sham. The days of individuals living off the appreciating value of their crypto assets seem to be far behind us.
McLeod Law is pleased to announce that it is one of the first law firms in Canada to accept payment for legal services in cryptocurrency. Led by our Fintech group, McLeod Law is now making this option available to select clients as an alternative payment method.
Using Coinsquare a cryptocurrency exchange provider, we were able to securely accept our first payment in Bitcoin. The Coinsquare platform allows us to securely accept Bitcoin, Bitcoin Cash, Ether and other digital currencies. McLeod Law has been active in Canada’s digital currency community since 2013, at a time when the industry was in the early days and just starting to take shape.
For more resources on Fintech and Cryptocurrency, visit our website.
Author: Simon Stokes
The House of Commons Treasury Committee has just published its Report on Digital Currencies – or as it now prefers to call them "crypto-assets" as they are not really currencies at all, at least not at the moment. The Report's conclusions are that the area clearly needs regulating by the FCA – at a minimum the Report recommends that the issuance of Initial Coin Offerings (ICOs) and crypto exchange services are regulated. See here.
Gravel & Shea is pleased to announce that our client, Trace LLC—a Vermont-based startup using blockchain technology to develop supply chain and inventory management tools for the legal cannabis industry—organized the first ever Vermont blockchain-based LLC on July 1, 2018.
On a recent episode of The Lawyers Weekly Show, host Jerome Doraisamy is joined by Piper Alderman partner in the firm’s blockchain and cryptocurrency team, Michael Bacina.
Mike and Jerome delve into blockchain and cryptocurrency innovations that are changing the ways legal clients operate personally and professionally, and how those innovations affect the expectations clients have from their law firms.
The legal profession, and the regulatory landscape, is still figuring out how to navigate such changes. Mike shares his thoughts on where Australia is positioned relative to the rest of the world, how legal education and professional service delivery might evolve, and the challenges ahead.
- Cryptocurrency vs. Initial Coin Offerings (ICO): Different Animals, Different Regulatory Concerns
- Four Takeaways From the ABA Institute's Blockchain Conference
- So you want to run an Initial Coin Offering/Token Sale in Australia…
- Gravel & Shea Blockchain Attorney Talks With Rutland Herald About New Blockchain Law