Page 1

Blockchain Technology and Digital Currency

Carlton Fields is at the forefront of identifying the numerous complex legal issues faced by today’s innovators. Carlton Fields is at the forefront of identifying the numerous complex legal issues faced by today’s innovators. Digital currencies, smart contracts, and blockchain/distributed ledger technologies have ushered in a new era of innovation that we believe has the potential to disrupt the way we interact potential to transform how business is conducted presents new challenges and opportunities across nearly every conceivable industrial sector. As the law in this area develops, Carlton Fields has taken a forward-looking approach to working with clients on blockchain-related issues, including those arising from the use of cryptocurrencies and smart contracts. The members of our interdisciplinary blockchain practice are committed to embracing and maximizing the transformative potential of this technology.

Who we are Our lawyers bring deep industry knowledge to the wide range of business issues impacted by blockchain technology, allowing us to truly collaborate with, not merely advise, clients who do business in the insurance, health care, construction, real estate, manufacturing, banking, technology, and telecommunications sectors.

INDUSTRIES

MATTERS

Our attorneys provide counsel for a wide range of industries, including:

We handle legal issues related to blockchain technology, including:

• ENERGY

• DISTRIBUTED LEDGER

• INSURANCE • FINANCIAL SERVICES • HEALTH CARE • DIGITAL MEDIA • ENTERTAINMENT

TECHNOLOGY

• INITIAL COIN OFFERINGS • SMART CONTRACTS • INTERNET OF THINGS (IOT) & MACHINE-TO-MACHINE PAYMENT SYSTEMS

• INTERACTIVE GAMING AND TECHNOLOGY

www.carltonfields.com Atlanta ▪ Hartford ▪ Los Angeles ▪ Miami ▪ New Jersey ▪ New York ▪ Orlando ▪ Tallahassee ▪ Tampa ▪ Washington, D.C. ▪ West Palm Beach Carlton Fields practices law in California through Carlton Fields, LLP.


Digital currency and blockchain technology solutions STATUTORY AND REGULATORY COMPLIANCE ADVICE

• FinCEN compliance and enforcement proceedings • Internal Revenue Service and tax advice/planning • Securities and Exchange Commission compliance and enforcement proceedings • Commodity Futures Trading Commission compliance and enforcement proceedings GENERAL CORPORATE AND BUSINESS TRANSACTIONS ASSISTANCE

• Mergers and acquisitions • Venture capital and private investments • Capital markets and securities • Data privacy and cybersecurity • Intellectual property protection

• State money transmitter licensing and money services business compliance • Anti-money laundering and “know your customer” compliance • Congressional/legislative hearings

LITIGATION SUPPORT

• Regulatory/enforcement actions • Privacy and cybersecurity • Asset seizure and forfeitures • Smart contract issues

Matters we have handled • Represented cryptocurrency exchange in connection with corporate formation, BLOCKCHAIN tax counseling, and regulatory advice, including certain issues relating to SEC and CFTC licensure • Counseled developers and entrepreneurs on the legal issues pertaining to the development and maintenance of permissionless and permissioned blockchain protocols, including providing tax, regulatory, and corporate advice • Counseled numerous companies in conducting technical analysis, building “minimum viable ecosystems” and token design. • Represented digital currency exchange before state regulators in order to obtain money transmission licenses. • Advised digital currency payment processor on issues pertaining to capital formation and early-stage financing. • Advised high-frequency/algorithmic trading funds dealing in various digital currencies on issues related to corporate formation and regulatory compliance. • Counseled digital currency payment processor on anti-money laundering and “know your customer” compliance. • Pre-litigation and settlement counseling regarding liability associated with attempts to hardfork the Bitcoin blockchain. • Analysis of securities and other regulatory issues related to token sales, including analysis and preparation of SAFTs, initial coin offerings, token curated registries, and airdrops. • Analysis and mitigation strategies for foreign token sales or already completed token sales events. For more information, please contact:

Andrew (Drew) Hinkes

305.539.7379 | ahinkes@carltonfields.com

Matthew E. Kohen

305.347.6930 | mkohen@carltonfields.com

Justin S. Wales

310.843.6334 | jwales@carltonfields.com June 2019

Profile for Carlton Fields

Blockchain Technology and Digital Currency (Handout)  

Handout on digital currency and blockchain technology solutions.

Blockchain Technology and Digital Currency (Handout)  

Handout on digital currency and blockchain technology solutions.