We are pleased to announce that Ballard Spahr has created a Virtual Currency Team. Our website is here; our team brochure is here.
Virtual currency is poised to revolutionize the way companies and people conduct business. But the development of new products and services is outpacing the regulatory and enforcement landscape, creating challenges for those looking to tap into this dynamic and complex new market sector.
Our team brings together lawyers focused on legal areas important to virtual currency providers and users. This work involves of course Anti-Money Laundering considerations, the Bank Secrecy Act, and related state laws and licenses, as well as white collar defense and investigations. However, virtual currency presents a host of many other potential legal issues, beyond just the subject matter of this blog. Our team has been constituted accordingly. It includes lawyers skilled in securities regulation and enforcement, cyber security and data privacy, tax, and intellectual property. The team can help clients launch initial coin offerings; register when necessary with the SEC, FinCEN and under state law; develop and implement new products; comply with tax obligations; protect data; and generally navigate the complicated maze of government regulation and enforcement. Together, we hope to provide a comprehensive legal resource to digital currency market participants.
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