Bitcoin is a digital currency, also known as a cryptocurrency because of the cryptographic algorithms on which it is based. Bitcoin is already transforming the way in which businesses interact both across international borders and in Australia. Part of the appeal of using Bitcoin for business-to-business transactions is the reduced transaction costs and tax implications. Some Bitcoin advocates argue that Bitcoin will eventually transform industries and continue to become more accepted internationally.
At LegalVision, our Bitcoin Lawyers understand this need to adapt, and last year we became the first and only law firm in Australia to accept Bitcoin as payment. The functionality of Bitcoin is complex, which is why it is worth having an expert on board to avoid accidently breaking any laws or regulations around the use of the currency. At LegalVision, we understand the common areas of concern for those progressive businesses that use Bitcoin on a daily basis.
To speak to one of out Bitcoin specialists just call 1300 544 755 or fill out the form on this page.
Bitcoin law is changing as we speak. Staying on top of these legislative changes, as well as the case law affecting cryptocurrencies, is a complex task and our Bitcoin specialists are on top of this. We understand the intricacies of the relevant laws and have a deep understanding of the risks that face businesses that use and develop Bitcoin products. As a start-up ourselves, we are well placed to provide you with a range of legal services to Bitcoin entrepreneurs.
If you need a firm that understand the risks and legal considerations when using Bitcoin, LegalVision can help.