June 7, 2018Blog

Taking the "Crypto" Out of Cryptocurrencies

How securities laws and regulations impact this booming business. 

Utah Business Magazine features Michael Best Attorneys Brad Jacobsen and Evan Strassberg in the May 2018 edition.

Brad and Evan write, “During 2017 it appeared you couldn’t lose money investing in Bitcoin, initial coin offerings and other cryptocurrency offerings (collectively ICOs). Not since the Tulip Bubble of 1637 had prices of a single commodity (Bitcoin) gone up so much so quickly. As the price of Bitcoin skyrocketed, hundreds of other cryptocurrencies entered the market, and investors anxiously swept them up, hoping to catch the next massive bubble on the way up.  Everyone was looking to be the next “Bitcoin billionaire.”

Will ICOs be a popular and safe way for companies & the investing public to make money? Are cryptocurrencies here to stay? Read the full article here.

While digital currencies are gathering international attention, Michael Best’s Blockchain, Digital Currencies & Smart Contracts team is here to help. We are a multi-disciplinary team of professionals who will help better your understanding of this exciting multifaceted technology.  Our firm provides solutions on a wide range of issues including intellectual property protection, creating a blockchain start-up, accepting digital currency payments, facilitating an initial coin offering, and helping to understand and navigate the regulatory landscape.  We are thrilled to offer our webinar series to help shed some light on the complex blockchain environment.

For any questions, contact our Blockchain, Digital Currencies & Smart Contracts team.

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