The blockchain technology has a potential that can be crucial for a number of significant industries.
Blockchain and virtual currencies (cryptocurrencies) such as bitcoin and ether, which are based on blockchain as underlying technology, have the potential to “disrupt” already existing systems.
There are many possibilities for incorporating blockchain into its business process. But in order to develop, commercialize and capitalize on the blockchain, there are a number of legal points to be aware of. Therefore, it is important that you have an attorney by your side who has in-depth legal and commercial knowledge and an industry knowledge of blockchain and virtual currencies.
Samar Law is the leading Danish law firm within this area.
Our advice in this thesis consists of a field of tension between the fields of corporate, fintech, tax law, fund law, financial regulation and employment law, which we already have experience with.
Our clients count all market players, including:
- Private companies and foundations whose primary business relates to blockchain and virtual currencies.
- Public authorities who want to incorporate blockchain.
- Private individuals regarding tax advice related to taxation of profits and investments in blockchain and virtual currency related projects.In addition, Samar Law has a wide national and international network in the area.
Our experience in this field includes in the following:
- Financial regulation, including legal opinions of whether or not a virtual currency is covered by the domestic financial regulation.
- Regulation of traditional coins, stablecoins and tokens (both utility, security and payment tokens).
- Advice on the Danish FSA’s sandbox measures.
- Advice on smart contracts and contract law matters.
- All types of corporate law advice and transactions involving virtual currencies, including employer incentive programs and corporate law constructions.
- Initial Coin Offerings (ICO’s) and the regulatory requirements associated with them.
- Advice and preparation of anti money laundering policies and procedures.
- Payment solutions with virtual currencies.
- Capital market law in relation to virtual currencies.
- Project-based tasks where companies want to implement blockchain in their business (especially in connection with private blockchains).
- All types of tax advice, including advice on taxation of gains on virtual currencies and cases against the Danish Tax Authorities (Skattestyrelsen) and other authorities.
