Industry Report: Lawyers Defending Digital Currency Users
Dubai looks to operate fully via blockchain, lawyers unite to aid digital currency users, and Iceland is interested in Auroracoin. Want to catch up on your latest digital currency and tech news? Read the following stories. DUBAI. Dubai is looking to place all its documentation on a blockchain by the year 2020. The announcement came by way of Prince Hamdan bin Mohammed, who also supports full, blockchain-based transactions within the same time frame. Through a program entitled the “Dubai Blockchain Strategy,” Mohammed explains that people will need to enter information only once to create a....
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Lawyers and bitcoin groups in Australia are joining those in other countries in calling for greater clarity on bitcoin regulation, allowing clearer direction for both businesses and consumers on how to conduct their affairs in a digital currency economy. Bitcoin now backs a business ecosystem into which hundreds of millions of investment dollars are pouring. No longer just a hobby for programmers and political activists, the fledgling industry is in need of more established structures to support those investments. There is a growing argument for such structures: lawyers in Poland this week....
A newly formed coalition of over 50 prominent lawyers in the United States will help digital currency users – individuals – who are unable to afford legal services, with pro bono attorney referrals. A new coalition, called the Digital Currency and Ledger Defense Coalition (DCLDC), will help individuals facing legal concerns pertaining to digital currency- and blockchain-related cases. Jerry Brito, executive director of bitcoin and blockchain advocacy group Coin Center revealed the formation of the coalition in an announcement today. The unified group will see over “50 of the top lawyers”....
The American Bar Association, the premier organization to which most American lawyers belong, is offering a one-day event in June teaching about Bitcoin and other digital currencies. The program will analyze the latest events in regulatory compliance and law enforcement efforts directed at digital currency. The panel will explore what regulators and law enforcement officials are focused on, and the different types of enforcement mechanisms employed on both the state and federal levels. Not Just for Lawyers. The program is being offered to the general public, not just members of the bar....
Following the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people familiar with the matter,” explains that the company is reportedly hiring restructuring lawyers. Basically, hiring restructuring and insolvency attorneys is one of the first stages of fixing a company’s financial hardship by essentially attempting to avoid insolvency.
Report Says Celsius Is Looking for Help From Investors or a Well Known Restructuring Law Firm
On June 13, 2022, Bitcoin.com News reported on the lending platform....
The Digital Currency Council (DCC) was newly officially launched. The press release described DCC as 'a new professional association created to foster best-in-class practices for lawyers, accountants, and financial professionals in the digital currency economy through training, certification, and ongoing support.' CCN had a talk with David Berger, the man who came with the idea behind DCC. Hello, Mr. Berger. Just to make sure our readers are up to speed, can you briefly explain again what DCC is? Yes, definitely. The DCC is a professional association for lawyers, accountants, and financial....