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What To Know About Digital Currency Litigation

Last updated on February 6, 2025

Digital currencies are revolutionizing international commerce. As their role expands, unique legal issues emerge. When pursuing business opportunities in this field, proactive measures are essential to address disputes or problems. At Williams LLP, our experienced team of lawyers stands ready to guide you through digital currency litigation. With offices in New York, London and Monrovia, we provide strategic support to businesses and entrepreneurs in the U.S. and throughout the world in this evolving field.

Common Digital Currency Terms

Understanding the terminology is crucial when navigating legal issues related to digital currency. Key terms include:

  • Cryptocurrency: A type of digital currency that uses cryptography for security purposes and is independent of any central bank
  • Blockchain: A digital ledger for recording transactions that is used for most cryptocurrencies
  • Mining: The process of validating transactions and adding them to the blockchain, which is rewarded with cryptocurrency
  • Miners: Individuals or entities that perform cryptocurrency mining operations
  • Mining equipment: Hardware used to mine cryptocurrencies

Our team understands the unique nature of the digital currency world. We can help you with every step of navigating its legal aspects.

Complying With Cryptocurrency Regulations

The regulatory environment around digital currencies is constantly evolving. In recent years in the U.S., the Securities And Exchange Commission (SEC) has been very active in regulating cryptocurrencies that fall under its definition of securities. Other countries have their own regulations and trends on this front. The shifting and varied nature of cryptocurrency regulation can create compliance challenges. Our knowledgeable digital currency attorneys can help you with compliance planning and with responding to allegations of regulatory violations.

Disputes Over Digital Currency Contracts

Cryptocurrency operations can involve a range of contracts. Common ones include mining hosting agreements and shipping agreements for transporting mining equipment to the U.S. Disputes can arise over alleged breaches or differing interpretations of the terms of such agreements. Our firm can help draft strong contracts aimed at preventing disputes. Should conflicts arise, we can help you pursue a resolution that protects your best interests.

Addressing Other Cryptocurrency Disputes

Other disputes in digital currency include those involving:

  • Fraud
  • Asset recovery
  • Mining equipment recovery

We can guide you on using litigation or alternative dispute resolution methods to resolve such matters in a way consistent with your business goals.

When Conflicts Have An International Element

Digital currency operations frequently cross international borders. Common countries involved include the U.S., Singapore, the UK, Hong Kong and Australia.

This can present unique challenges if disputes arise, as differing local laws and international agreements could potentially play a role. With a deep knowledge of international law, our team can provide you with clear explanations of your rights and options in these complex situations.

Get In Touch With Our Cryptocurrency Attorneys Today

Turn to us for the knowledgeable and focused advocacy you need in digital currency litigation matters. Contact our multilingual team through our online form or by phone at 917-730-2454.