Coindesk brings us a very thoughtful overview of the challenges facing cryptocurrency startups. In the opinion of the authors (and this author too, for that matter), the role of the lawyer for such startups will be ever necessary. The best takeaway from the article:
“Whether it’s the cybersecurity element, financial crimes piece, regulatory side, typical startup model – in the community there’s a need, there’s a desire for legal counsel,” Stoeckert said. Miller added: “Because of the legal uncertainties surrounding bitcoin, companies in this space will need to use attorneys more intensively than if they were in a more conventional line of business – for a while.”