
Cryptocurrency and Blockchain practice
Bedaya offers sophisticated and knowledgeable legal counsel to clients navigating this rapidly evolving space. At the heart of Bedaya’s cryptocurrency and blockchain practice is a deep understanding of the technologies that drive blockchain and related developments in distributive computing networks. In addition, Bedaya is distinctive among leading law firms in this area by bridging the financial service regulation and new financial technology to find solutions for our clients.
Since the launch of bitcoin in 2009, cryptocurrencies and the encrypted, decentralized blockchain protocol that underpins them have grown from abstract theories to a transformational force that is disrupting the way many industries will operate for decades to come.
Decentralized ledger technology and smart contracts could ultimately reshape many industries, including financial services, intellectual property, logistics and supply chain, the internet of things, energy, health care, insurance and the sharing economy.
The landscape for financial products and services integrating blockchain technology is evolving rapidly. Whether launching funds to invest directly or indirectly in digital assets or creating new coins or tokens in connection with the launch of new distributive networks, clients operating in this area have specialized needs that Bedaya is particularly well-placed to serve.
Our Experience:
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Working with companies considering initial coin offerings to navigate whether tokens are considered securities under relevant Federal laws in the emirate of Dubai.
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Advising on Anti-Money Laundering/Know Your Customer issues and related compliance issues.
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Working with venture capital firms on transactions involving blockchain-related companies.
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Advising intermediaries in the cryptocurrency economy – including brokers and exchanges – on their compliance obligations.
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Helping clients establishing their crypto friendly business, obtaining residency in Dubai & the Emirates and setting up their commercial bank account.