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Cryptocurrency and Blockchain

Ross Pitcoff Law > Legal Advice  > Cryptocurrency and Blockchain

Blockchain Legal Risks

At Ross Pitcoff Law, we have a lot of experience managing the legal risks associated with Innovative Technologies. Our job is to ensure that all our clients implement the most effective solutions and business strategies related to Cryptocurrency and Blockchain Technology. If you are in need of legal assistance and would like to speak with an Attorney at Ross Pitcoff Law, call: (646) 386-0990, email: ross@rosspitcofflaw.com or visit our website: www.rosspitcofflaw.com today. We would be happy to assist you. ...

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Potential Blockchain Frauds

The underlying technology behind Cryptocurrency is Blockchain, by which many users or "nodes" all hold a complete record of all transactions that have ever occurred on the platform. Because the full ledger of historic transactions exist across all computers on the Blockchain, it is very difficult to forge fraudulent transactions; every user has access to a complete, verified record and could see any discrepancies that arise from foul play. This is referred to as a "distributed ledger". For more information or to speak with an attorney today, email: ross@rosspitcofflaw.com or call: (646) 386-0990. We'd be happy to help! ...

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BEWARE OF: Current Industry Events

Since Cryptocurrency and the Blockchain Industry are still both widely unregulated, it is imperative to know about the current events in the field, so you can ensure that you do not make any mistakes. For more information or to speak with an attorney email: ross@rosspitcofflaw.com or call: (646) 386-0990. We'd be happy to help answer any of your questions! ...

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BitLicense Regulations

The BitLicense, a landmark cryptocurrency regulation, is a term used for a business license of virtual currency activities, issued by the New York State Department of Financial Services (NYSDFS) under regulations designed for companies or individuals that engage in Virtual Currency Business Activity. The BitLicense regulations establish a number of requirements for licensees, including: appointing a Chief Information Security Officer (CISO) to establish and maintain an effective cybersecurity program to protect the confidentiality, integrity and accessibility of the data; providing an annual report to the NYDFS; and submitting quarterly financial statements and audited annual financial statements. To speak with a lawyer today, call: (646) 386-0990...

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Cryptocurrency Risks

Cryptocurrency has been a major asset for a lot of businesses out there, but accepting Cryptocurrency still comes with risks. Among these is the price volatility, which could result in some Cryptocurrencies drastically changing value moments after the transfer. If a Cryptocurrency crashes before a business can convert the coins into dollars, it could result in a loss. In addition, the support infrastructure for Cryptocurrency simply is not in place yet.  For more information or to speak with an attorney today, email: ross@rosspitcofflaw.com or call: (646) 386-0990. We'd be happy to help! ...

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Business Cryptocurrency Benefits

An Initial Coin Offering (ICO) is when start-ups raise money by creating their own digital tokens/coins that will be spent to use for the company's current and future services. The company sells a limited number of their newly minted Cryptocurrency to investors in exchange for established Cryptocurrency like Bitcoin or Ether. To speak with an attorney: email: ross@rosspitcofflaw.com or call: (646) 386-0990. ...

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BEWARE OF: Fake ICO Scams

One of the best results from the Cryptocurrency boom has been the rise of the initial coin offering as a way for companies to raise capital. With thousands of new Blockchain-based companies entering the market with unique ideas and exciting projects, users can now back their favorite businesses easily. However, this massive explosion of ICO opportunities has inevitably raised the specter of fraud. That is when having a great lawyer or law firm comes in handy. To speak with an attorney today: email: ross@rosspitcofflaw.com or call: (646) 386-0990. ...

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The Usage of Equity Issuance

The underlying technology behind Cryptocurrency is Blockchain, by which many users or "nodes" all hold a complete record of all transactions that have ever occurred on the platform. Because the full ledger of historic transactions exist across all computers on the Blockchain, it is very difficult to forge fraudulent transactions; every user has access to a complete, verified record and could see any discrepancies that arise from foul play. This is referred to as a "distributed ledger". For more information or to speak with an attorney today, email: ross@rosspitcofflaw.com or call: (646) 386-0990. ...

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