BTC

While blockchain-based applications continue to emerge, the technology predicate - cryptocurrency, has become ubiquitous in modern life. Adoption of primary cryptocurrencies such as Bitcoin, Ethereum and Litecoin, among others, have skyrocketed and in turn established cryptocurrency's place in the payments ecosystem. Moreover, as more traditional, often sophisticated, financial products are developed around Bitcoin, the financial community at large has signaled its acceptance of cryptocurrency as a substitute for fiat currency. Finally, the the Initial Coin Offering and variations thereof have become a viable means of raising growth capital for ventures across a wide swath of industries.

Notwithstanding the foregoing, the legalities surrounding cryptocurrency are shrouded in a morass of imperfect comparisons drawn from the commodities, payments and securities arenas. Uneven and inconsistent regulatory pronouncements and enforcement activity have only complicated the legal interpretations surrounding the mining, sale, trading and use and cryptocurrencies. Without question, operators in the cryptocurrency space can easily find themselves in the middle of a starkest of compliance and legal grey areas.

The consultants, compliance experts and attorneys at TwoFox have been deeply involved in cryptocurrency since its inception. Our client list includes multiple sponsors of world's one hundred largest cryptocurrencies by market capitalization as well as numerous domestic and offshore cryptocurrency exchanges. Moreover, as veterans of over twenty-five Initial Coin Offerings and Security Token Offerings, our solutions are grounded in the best practices currently found in the marketplace.

Our specific areas of expertise include:

Coin and token formation, including onshore or offshore not-for-profit, foundation and entity formation
Initial Coin Offerings, Initial Exchange Offerings and Security Token Offerings
Money Service Business registration and compliance
Over-The-Counter cryptocurrency trading compliance and support
Integration and traditional banking and payment channels
Anti-Money Laundering and Know-Your Customer compliance and support