According to latest reports from one cryptocurrency related website, the latest crypto news show that a law firm in Canada is launching a first of its kind legal firm for cryptocurrencies. The effort is mainly headed by technology attorney Addison Cameron-Huff in Toronto, Canada. His main aim is to lead the market on what he believes will be a ‘global Bitcoin explosion’.
In the new initiative, crypto is aiming to be uniquely international. As Huff said:
“There are certain corporate-commercial considerations that are cross-border, and legal strategy is international. Many businesses around the world can’t find local legal talent that meets their needs, and this is a strong opportunity.”
Meanwhile, Huff is not new to the market. He has worked as the lawyer for a Bitcoin core developer and dozens of token-based companies and crypto startups. This is in fact what inspired him to expand his mission and go from his current role of president of Decentral Inc. (wallet service) to a crypto pioneer in the legal scope.
With this, one of the challenges currently faced by crypto developers is the navigation of international resources. However, as crypto expands even further, there will probably be a huge opportunity for legal counselors like Huff to pioneer the market and get into a new marketplace.
Even though the challenges according to Huff continue to be “non-legal areas such as commercial bank accounts, access to capital and competition for talent” he is sure that this may change in the future and that legal law firms must come in the crypto spotlight.
Leader Suspect In Billion Dollar Laundering Via Crypto Is Seeking Extradition To Russia
‘’FinCEN acted in coordination with law enforcement’s seizure of BTC-e and Vinnik’s arrest. The Internal Revenue Service-Criminal Investigation Division, Federal Bureau of Investigation, United States Secret Service, and Homeland Security Investigations conducted the criminal investigation.’’Since he was arrested, Vinnik pleaded innocence and said that his biggest mistake was working for the BTC exchange platform. He is also believed to be involved in the Mt.Gox stolen funds scheme. The FinCEN report shows that via the BTC-e platform, more than $120 million were laundered and were connected with the now defunct platform. Vinnik is asking to be extradited to Russia after the Commissioner for Human Rights, Tatyana Nikolayevna Moskalkova asked for help from the United Nations High Commissioner for Human Rights Michelle Bachelet with the goal to take him to Russia. Tatyana claimed that Vinnik lost nearly 30% of his weight and that he needs to be with his wife who is suffering from brain cancer. In the U.S Vinnik was indicted on 21 counts and in Russia, he is only accused of smaller fraud charges that can be paid for about 10.000 Euros. The Greek court in 2017 approved Vinnik’s extradition to Russia but later another court decided to give him extradition to the United States. Later, the Greek Supreme Court ruled that Vinnik should be extradited to France so a clear decision has not been delivered yet.
Crypto Law Consultation Period Officially Started By The Swiss Federal Council
Mexico: New Crypto Regulations Could Shake The Country’s Exchanges
"If there are no Mexican-based exchanges, Mexicans will inevitably use exchanges based in other jurisdictions. Some of these foreign exchanges may be sensibly regulated by more forward-looking governments, but others may be rogue operations that deliberately evade any regulatory jurisdiction,""The average person has no idea how a car works, and yet people are allowed to drive them," the statement said. Bexico's proposals are subject to a 60-day consultation period during which a lot of things may change. Right now, industry officials and public members should outline their opinions on the case.
The Swiss Federal Assembly Approved A Motion For Crypto Regulation
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