Mitigating the Legal Risks of Issuing Securities on a Cryptoledger
Risks involving the cryptocurrency world, especially with those individuals developing appcoins and crowdfunding/crowdequity platforms.
While in the long-run there will likely be new opportunities that open up, below are real, present risks involving the cryptocurrency world, especially with those individuals developing appcoins and crowdfunding/crowdequity platforms. For instance, section III of the JOBS Act has not been written up, let alone implemented.
As a Swiss friend in finance likes to remind me: Rule #1 of Bitcoin: do not believe any news about Bitcoin -- always do your own research. And in this case, talk to an attorney. In the event of lawsuits, not everyone has enough money to live abroad and permanently hang out in Panama, Switzerland or Japan -- thus if it sounds too good to be true, it probably is.
I spoke to several attorneys about specific risks under thi