Greenberg Traurig's global Blockchain group comprises more than 40 attorneys across multiple legal disciplines in key financial hubs around the world, providing a centralized approach to blockchain matters. We leverage our diverse experience to advise clients on matters ranging from token generation events, initial coin offerings, and cryptocurrency exchanges, to the development and licensing of blockchain-as-a-service.
Our multidisciplinary approach enables us to readily anticipate, recognize, and address the legal challenges that our clients may face with respect to blockchain development or utilization. Our dedicated response team consists of experienced attorneys with diverse backgrounds in securities and broker-dealer regulations, entity and fund formation and financing, exchange formation, financial services regulation, technology and intellectual property licensing, and taxation. We also utilize resources from our robust Government, Law & Policy Practice, which regularly advises governments and municipalities on evolving or model regulatory standards and other pertinent matters relating to blockchain.
Advising on Blockchain and Smart Contract Technology Implementations
As blockchain applications and smart contracts introduce automation to entirely new functions, our attorneys advise clients on appropriate standards and protocols for the deployment of blockchain applications and smart contract coding to ensure that clients can meet the demands of regulators, law enforcement, and any trier of fact or law. As blockchain technology continues to grow and evolve, so do uncertainties about obligations surrounding the potential scope of and protocols for (i) regulator and auditor access to blockchain and smart contracts data, (ii) the reporting, authentication and certification of controls, and (iii) retention, production and authentication of records relating to disputes. We are actively engaged in assessing and considering emerging data privacy and security obligations relating to client data and end user data on the blockchain, and in assisting client legal and regulatory preparations and negotiations relating to these matters.
As cryptocurrencies have risen substantially in value and demonstrated tremendous volatility, and interest in initial coin offerings (ICOs) as a fundraising vehicle for our clients has grown, our team carefully evaluates each opportunity in terms of the business and financing requirements of the client, as well as the emergent risks and costs associated with securities compliance obligations, market volatility, and other factors. The cryptocurrency market is in constant evolution and our team is committed to assisting clients with maximizing their opportunities in any environment. Our team stays abreast of existing laws, recent enforcement actions, and decisions, rulings, and orders, and keeps track of legal trends, upcoming legislation, and technical developments, helping clients to anticipate and prepare for potential compliance requirements and legal and regulatory changes.