Crypto asset lawyers
Specialists in crypto assets
The ever-evolving and rapidly expanding cryptocurrency market presents both opportunities and challenges for investors and businesses. Our team of crypto asset lawyers have significant experience in dealing with commercial, regulatory and criminal matters. They can provide specialist advice and support to individuals and businesses to navigate the complex legal and regulatory environment of the crypto asset market.
Main Areas Of Practice
Our dedicated crypto asset lawyers can support clients to navigate this intricate and changing business landscape drawing on a range of specialisms:
Civil fraud and asset recovery
Our commercial litigation and civil fraud team specialises in cross border fraud and asset recovery. In the past 4 years we have litigated assets worth nearly US $10bn in 7 jurisdictions. We advise on international cryptoasset tracing and recovery, freezing or defending freezing orders over cryptoassets worldwide and commercial litigation where cryptoassets are at stake.
Criminal and regulatory defence
Our expert defence solicitors understand how stressful a criminal investigation or prosecution can be. If you are being investigated or prosecuted in relation to the use of cryptocurrency, receiving the right advice from the outset is essential. We provide criminal and regulatory advice and defend clients in FCA enforcement investigations, market abuse, money laundering and fraud allegations. We advise on tax fraud offences including the corporate offence of failing to prevent the facilitation of tax evasion and confiscation and restraint, as well as AML advisory work (such as risk assessments, customer due diligence, policies and procedures).
Our expert commercial lawyers offer advice on the contractual arrangements underpinning our clients' commercial practices and can support cryptocurrency businesses with their commercial agreements and terms of business. We advise on blockchain, agreements for the creation and maintenance of online payment-platforms, software design and development agreements and licensing, data privacy aspects. We also support clients with contractual arrangements surrounding the issuance of Non-fungible Tokens (NFTs) and intellectual property rights (IPR) licensing aspects.
Estate planning and wealth protection
It is important for investors and developers of cryptocurrency to consider several factors and plan early with respect to estate planning and what happens to these assets on death. This includes thinking about provisions for digital assets in your Will, a detailed digital inventory of your online accounts and what information you would like your family to have access to following your death. Our specialist succession and tax lawyers know that retaining wealth and providing for your family is a key concern, and they can help you navigate tax and estate planning matters relating to cryptocurrency to ensure your investments are passed on in accordance with your wishes. Our family team advise on divorce and matrimonial finance cases involving and including cryptocurrency and wealth protection work, including nuptial agreements involving complex financial portfolios, including cryptocurrency and cryptoassets.
Jurisdiction of the English Court was held over important crypto asset case based on UK financial services legislation overriding a U.S. law and arbitration clause. Our client, a British citizen domiciled in the UK, held an account with Kraken and lost significant sums which he had deposited with the platform. He commenced proceedings in England against Kraken (in particular Payward Limited, the UK incorporated group company) in February 2022 to recover the lost sums under the UK’s primary financial services legislation, the Financial Services and Markets Act 2000.
Our regulatory specialists advised in relation to one of the earliest bitcoin trading platforms.
Advised a business who failed to submit its application for FCA AML registration by the deadline and was required to cease its business activities.
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