Blockchain Lawyers for Crypto Businesses
Lawyers specialized in Blockhain and DeFi
Blockchain became popular as the underlying technology behind bitcoin, a cryptocurrency created in 2008 by one Satoshi Nakamoto. The blockchain can be defined as a database distributed among different participants, cryptographically protected, and organized into blocks of transactions that are linked together by mathematical algorithms.
The blockchain in industry
Financial sector and fintech
Insurance sector and insurtech
Healthcare sector and medtech
Food and distribution sector
Real estate and proptech
Blockchain technology and its ability to decentralize the control of information can be very useful for the development of projects to manage digital identity and the set of data about us in cyberspace. The European Union is working on the creation of a "European digital identity wallet".
Blockchain technology allows the creation of cryptocurrencies. Transactions made with them are recorded in a public and decentralized manner, and are protected by cryptographic algorithms.
Smart contracts are computer code that program contracts registered on a blockchain (Ethereum). Smart contracts are characterized because they can self-execute a series of actions that have been previously programmed in their source code. The blockchain facilitates that the smart contract can fulfill itself, autonomously and automatically, without intermediaries or mediators.
Tokenization of assets
Blockchain technology can be used to create representations of value called tokens. Tokenization can be defined as the transformation and digital representation of an asset within a blockchain; an example of this is NFTs (or non-fungible tokens), the digital version of art and collecting. The blockchain also enables the generation of metaverses which are networks of virtual environments where humans can interact directly.
A non-fungible token (or NFT) is a unique unit of data stored on a blockchain that can be traded. NFTs can be associated with digital files, such as photos, videos and audio. Because each token is uniquely identifiable, NFTs differ from cryptocurrencies in that the latter are fungible. NFTs are assigned a kind of digital certificate of authenticity, a series of metadata that cannot be modified. In these metadata its authenticity is guaranteed and the starting value is recorded as well as all the transactions that have been made on it.
Metaverse and Web3
The metaverse is a virtual world that has been created to resemble external reality and with which we can interact using a series of devices that will make us think that we are inside it, interacting with all its elements. The metaverse offers as many opportunities as the real physical world, such as being able to create our own businesses within it, buy using only its own virtual currency, etc.
Decentralized finance (DeFi) offers financial instruments without depending on intermediaries such as the stock market, brokers or banks that are executed on smart contracts within a blockchain. DeFi platforms allow people to lend or borrow funds from others, speculate on asset price movements using derivatives, trade cryptocurrencies, insure against risks and earn interest on savings-like accounts.
Registration, certifications and digital evidence
Blockchain technology is a very useful tool to guarantee the veracity of information or documents in digital format, from intellectual property rights, business secrets, property records or public tenders.
DAOs and governance
A decentralized autonomous organization (a DAO) is a structure whose governance is defined within a blockchain, so that it can establish its own mechanisms for financing and structuring operations autonomously. The rules governing a DAO are codified in a smart contract and arise to advance a common goal of a group of people, such as the financing of a project.
Our services as
Lawyers specialized in blockchain technology
Prevention of money laundering and financing of terrorism (PBCFT)
Crypto-exchanges and electronic wallet custodians are considered obliged subjects in terms of PBCFT within the European Union. We offer legal advice in the preparation of Compliance and PBCFT Plans, as well as in the preparation of all the documentation required by the Bank of Spain in order to register as a provider of services of exchange of virtual currency for fiat currency and provider of custody services for electronic wallets.
Legal regulation of the cryptoactives
The European Union has approved a Proposal for a Regulation for the regulation of cryptoassets (known as MICA Regulation). If your company's business model is based on the use of some kind of cryptoasset (security token, utility token, etc.) we can advise you. We also offer advice on how to comply with the regulations on advertising crypto-assets used as investment objects.
Intellectual property, art law and trademarks
The tokenization of works of art, whether physical or digital, is experiencing significant growth. We help you to launch your NFT project with all the legal guarantees, and we advise you on all the necessary legal and contractual aspects. We will help you design the appropriate intellectual and industrial property strategy that your project needs as well as accompany you in the process of selling the token in auction houses and NFTs buying and selling platforms. Finally, we will help you to secure and protect your rights in the metaverse.
Data protection and privacy
There is a clear impact of blockchain technology on the protection of personal data as regulated by the General Data Protection Regulation. A blockchain does not allow editing or deleting information from nodes. Our firm offers you advice and regulatory compliance audits on data protection and privacy to adapt your business models to the current regulations on privacy and data protection.
The number of cryptocurrency transactions is increasing daily and cryptocurrency scams, fraud and cybercrime are becoming more and more frequent. We advise you in case you have been the victim of a scam by individuals or companies related to the crypto world. We elaborate Criminal Compliance Plans for companies that use cryptoassets in their business model and we help you to prevent the commission of crimes that can be committed within your organization.
Consumer law and exchange platforms
We advise consumers affected by cryptocurrency exchange platforms (crypto-exchanges), electronic wallet custodians, and investors and individuals who trade their cryptoassets. We defend the rights of crypto-artists whose works of art are offered on specialized platforms. We review and draft contracts between the user and the different metaverses that exist, as well as contracts between individuals who interact in the metaverses and buy properties.
Taxation and taxes
We advise you on aspects related to the taxation of cryptocurrencies before the Tax Agency, evaluate the fiscal impact of your business model and help you with your tax declaration.
Venture capital - Investments
We provide legal advice on investment transactions with venture capital and private equity funds. This includes the incorporation of companies, drafting of shareholders' agreements, capital increases, etc. of companies that use blockchain technology in their business models or make non-cash contributions to capital companies.