The increasing maturity of cryptocurrencies and the wider digital assets sector provides new ways to conduct business, raise capital, invest, and gain access to a diverse range of emerging opportunities.
Digital assets built on blockchain or distributed ledger technologies (DLTs) therefore provide enormous potential for innovation and product development. Although widely discussed, the use of blockchain and DLT is often misunderstood. Meanwhile, the evolving regulatory landscape and divergent approaches of different regulators present a unique set of challenges for those engaged in crypto assets.
Key regulators, including the UK Financial Conduct Authority (FCA), the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC), are working towards creating a comprehensive regulatory framework for digital assets in their respective jurisdictions. Meanwhile, the European Parliament put into force the Markets in Crypto-Assets Act (MiCA), providing a harmonized regulatory framework for cryptocurrencies and digital assets such as Ethereum (ETH) and Bitcoin (BTC).
We are well-placed to offer advice and provide solutions in non-contentious areas, such as regulatory compliance, business-related services, and the practical integration and use of cryptoassets. From token classifications and Initial Coin Offerings (ICOs) to advising on and guiding through regulatory requirements and ensuring compliance, our sectoral understanding means that we can deliver clear advice and offer forward-thinking solutions to crypto-centric businesses including crypto exchanges, decentralized autonomous organizations (DAOs), custodians, tokenisation platforms, and payment processors.