Cryptocurrency continues to grow in popularity and today, and some companies are turning to this form of currency to raise funds for their business. If you are interested in going public with an initial coin offering using a form of cryptocurrency, you should make sure you have the details down pat before you move forward. Here's why you should start looking at ICO (initial coin offering) lawyers to help you with this process.
Deal with the Government
It used to be that cryptocurrency markets were akin to the Wild West in that there was often a spirit of "anything goes." But today, government entities including the Securities and Exchange Commission are starting to pay more attention to cryptocurrencies. Depending on what you are doing with your ICO, there are likely a variety of legal rules you will have to follow. Having an ICO law firm on your side is key as it will ensure your business stays on the right side of the law.
Be Ready for Abuse
Cryptocurrency becomes more and more secure each day as the industry matures, but the truth is there is still a bit of an unknown element to it, at least when compared with more traditional options for going public. A legal team can help you prepare your ICO in a way that will protect your company. You don't want to risk your company's future on whether or not a hacker or some other bad actor might try to get involved. A solid ICO attorney will know what to watch out for and can help you plan your launch in a way that minimizes risk and protects your company's value. To be clear, an ICO is absolutely a viable and innovative way to raise funds for your company, but you would do well to err on the side of caution as you move forward.
Deal with Foreign Exchange Issues
If your company is hosting its ICO in the United States, there might be various issues in play when offering that ICO to investors from foreign countries. There will likely be additional rules and regulations your company will need to abide by, and you will want to take these rules just as seriously as the ones being from the SEC (Securities and Exchange Commission). An ICO law firm has the experience you need to make sure any foreign exchange of currency goes through without a hitch.
Contact a group of ICO lawyers or experts today for more information.Share