Cryptocurrency is officially becoming a currency to reckon with. Regardless, it’s made provision for many a business owner or freelancer. With these digital currencies being decentralized, these currencies are out of reach of governments and financial institutions.
There are also cryptocurrency-based jobs like mining, trading, and investing, but with this, things become complicated. Some people start crypto businesses and don’t understand or know the factors involved with the currency.
There are tax laws and securities regulations, and some go bankrupt. There are a lot of regulations that apply to cryptocurrencies.
There are many cases where cryptocurrencies have landed many business owners in serious legal trouble. There has been a case where an executive from one of the largest cryptocurrency exchange companies was indicted for violations of The Bank Secrecy Act by the US Attorney’s Office. These are only a few of the biggest pitfalls that cryptocurrency owners face.
When cryptocurrencies are so popular that it’s become normal for many people, including inexperienced but curious folk, some younger generations have opted to use it as a much more standard currency than dollars. They aren’t experienced in law, and this is problematic.
At Strazullo Law Firm, our Brooklyn cryptocurrency and blockchain attorneys can help you with legal representation if you’re involved in legal issues in cryptocurrency, whether you are a newbie or a veteran in the field. We are not only a Brooklyn cryptocurrency law firm, but we also serve in New York, NY, Miami, Florida, and Napoli, Italia.
We stay updated on all the latest developments in the law. We are ready to work with you to ensure that you comply with all laws and regulations applicable to crypto. Call us today and let our crypto attorney Brooklyn help you in legal matters and avoid legal trouble from the start.