Navigating The Complexities Of Blockchain Litigation
Cryptocurrency is an ever evolving and highly complex area of the law. Not many attorneys can take on the challenges and obstacles that come with this legal practice. At Bulldog Law, we possess comprehensive experience in all aspects of digital currency issues to ensure the protection of our clients’ respective bottom lines.
What Is A Blockchain?
Blockchain represents a digital ledger of transactions – primarily virtual currency, cryptocurrency, and digital tokens –copied and delivered throughout an entire computer network. It records the data in an attempt to cheat the system through alterations or hacking, making it difficult to change.
Virtual currency – or convertible virtual currency – is a digital asset that carries equal value in real currency, which can serve as a substitute as well. Cryptocurrency is also digital currency, serving as an alternative payment type that comes from encryption algorithms.
Use of the currency requires a cryptocurrency wallet, a device or program that transfers and stores the funds. Security is paramount and depends on the storage of the private key.
Types Of Cryptocurrency-Related Disputes That Can Lead To Legal Battles
The growing sophistication of digital currency has led to blockchain litigation that can take various forms and include:
- Partnership disputes
- Commercial disputes
- Gaming and gambling platform disputes
- Token agreement disputes
Additional legal issues can also involve:
- Vertical currency business investigations
- Misrepresentation and fraud
- Securities and Exchange Commission (SEC) investigations and enforcement actions
- Internal Revenue Service (IRS) investigations
- Financial Crimes Enforcement Network (FinCEN) investigations
- Financial Industry Regulatory Authority (FINRA) arbitrations
Schedule A Free Initial Consultation With Bulldog Law
Taking on the challenges that come with blockchain-related matters is nothing to handle without legal advocacy. Contact the California-based Bulldog Law at 888-983-1217 or reach out to our firm via email.