Porat law firm, is an innovative, energetic, growing and fresh thinking law firm based in Tel Aviv, Israel.
Porat Group, an international business group with a significant global presence in many key jurisdictions as well as a large worldwide network of partners…
Blockchain technology is considered by many to be not only “a game changer” but one of the most interesting technological developments and disruptions in society today, with some saying that this technology will eventually disrupt and transform business and the way we do business as much as the Internet itself. While blockchain technology can be […]
Blockchain technology is considered by many to be not only “a game changer” but one of the most interesting technological developments and disruptions in society today, with some saying that this technology will eventually disrupt and transform business and the way we do business as much as the Internet itself.
While blockchain technology can be utilized for many different purposes the best known use of the technology is cryptocurrencies, that are bound to play a significant part of our payment systems in the future, as the financial services industry is generally predicted to be the first industry to be transformed and challenged by blockchain technology.
Porat Group helps the most exciting blockchain companies in the world launch and expand their cutting-edge products and services in an increasingly complex and demanding legal and regulatory environment.
Naturally, these new developments have created a range of unique and often complicated legal dilemmas and issues. Not only regulators but also tax authorities all over the world are frantically trying to familiarize themselves with these new technologies, so that legal gaps can be filled, but in most cases, a majority of issues and matters related to blockchain and/or cryptocurrencies must still be considered somewhat of a grey area in most countries and jurisdictions. (Although cryptocurrency specific legislation does exist in some parts of the world already)
Porat Group’s blockchain and cryptocurrency legal division consists of highly skilled commercial lawyers who do not only have plenty of experience with the blockchain and cryptocurrencies sphere, but who also have a genuine interest and passion for these new technologies and are truly excited about the future of the industry.
Our legal team also has an international network of expert advisers at their disposal in order to handle cross-border matters, whether they be related to law, technology, PR and marketing or general strategy and market insight, in an unparalleled and professional way. As regulatory developments constantly evolve, we provide our clients with up-to-date legal advice, built on a strong understanding of the industry and its characteristics, unmatched by few other law firms in Israel or even globally.
While each company within the blockchain or cryptocurrency sphere, like in any other industry, has unique needs, a sample of services that many of our clients within the industry request include:
Porat Group’s cryptocurrency and blockchain clients range from fresh, nearly just founded start ups to established “giants” and leading companies in the industry. We represent and/or have represented the following types of companies in the past:
Some, although not all, of the jurisdictions and regulators that we deal the most with when representing our blockchain/cryptocurrency clients are:
As the regulatory landscape for blockchain and cryptocurrencies and the needs of our clients gradually change, we believe this list will soon be longer.
Contact Porat Group in order to set up a consultation, no matter where you are in the world, where we find out more about what you specifically need and aim for. Our lawyers specialized in blockchain/cryptocurrencies can then suggest options, services and packages for you, depending on your individual needs.
The initial consultation is always free and non-binding and our pricing is transparent, with a detailed plan provided for each client before any work is done.
Blockchain technology is considered by many to be not only “a game changer” but one of the most interesting technological developments and disruptions in society today, with some saying that this technology will eventually disrupt and transform business and the way we do business as much as the Internet itself.
While blockchain technology can be utilized for many different purposes the best known use of the technology is cryptocurrencies, that are bound to play a significant part of our payment systems in the future, as the financial services industry is generally predicted to be the first industry to be transformed and challenged by blockchain technology.
Porat Group helps the most exciting blockchain companies in the world launch and expand their cutting-edge products and services in an increasingly complex and demanding legal and regulatory environment.
Naturally, these new developments have created a range of unique and often complicated legal dilemmas and issues. Not only regulators but also tax authorities all over the world are frantically trying to familiarize themselves with these new technologies, so that legal gaps can be filled, but in most cases, a majority of issues and matters related to blockchain and/or cryptocurrencies must still be considered somewhat of a grey area in most countries and jurisdictions. (Although cryptocurrency specific legislation does exist in some parts of the world already)
Porat Group’s blockchain and cryptocurrency legal division consists of highly skilled commercial lawyers who do not only have plenty of experience with the blockchain and cryptocurrencies sphere, but who also have a genuine interest and passion for these new technologies and are truly excited about the future of the industry.
Our legal team also has an international network of expert advisers at their disposal in order to handle cross-border matters, whether they be related to law, technology, PR and marketing or general strategy and market insight, in an unparalleled and professional way. As regulatory developments constantly evolve, we provide our clients with up-to-date legal advice, built on a strong understanding of the industry and its characteristics, unmatched by few other law firms in Israel or even globally.
While each company within the blockchain or cryptocurrency sphere, like in any other industry, has unique needs, a sample of services that many of our clients within the industry request include:
Porat Group’s cryptocurrency and blockchain clients range from fresh, nearly just founded start ups to established “giants” and leading companies in the industry. We represent and/or have represented the following types of companies in the past:
Some, although not all, of the jurisdictions and regulators that we deal the most with when representing our blockchain/cryptocurrency clients are:
As the regulatory landscape for blockchain and cryptocurrencies and the needs of our clients gradually change, we believe this list will soon be longer.
Contact Porat Group in order to set up a consultation, no matter where you are in the world, where we find out more about what you specifically need and aim for. Our lawyers specialized in blockchain/cryptocurrencies can then suggest options, services and packages for you, depending on your individual needs.
The initial consultation is always free and non-binding and our pricing is transparent, with a detailed plan provided for each client before any work is done.
Blockchain technology is considered by many to be not only “a game changer” but one of the most interesting technological developments and disruptions in society today, with some saying that this technology will eventually disrupt and transform business and the way we do business as much as the Internet itself. While blockchain technology can be […]
With crypto currencies gaining a constantly growing role in the financial market, they have found their ways as assets to be exchanged and traded, starting with the growing introduction of derivatives with crypto currencies as underlying asset. Obviously, facilitating such products require knowledge and expertise of capital markets and financial regulation, coupled with the in depth understanding of the crypto sphere.
The growing interest and market size of crypto currencies have led to the emergence of investment funds and hedge funds investing in crypto and blockchain related projects. Our services include:
1. Advising on the proper fund structure for your business
2. Advising on the proper jurisdiction for your business
3. Setting up the fund and drafting all accompanying legal documents
4. Introducing clients and establishing relationships with third party services providers
We successfully advised and represented clients in crypto transactions in Israel and abroad. Such transactions are typically buy/sell transaction between individuals, but can also be an over the counter transaction between an individual and a crypto exchange platform. Due to our in depth understanding of this sphere, we are not only able to provide the required legal and commercial assistance required for these types of transactions, we are also fully aware of the much needed sensibility and privacy needed for such transactions and are perfectly able to accommodate all that is required to facilitate these transactions.
While there is an ongoing debate whether crypto currencies are actual currencies, some jurisdictions have allowed crypto currencies to access the money services business, thus allowing the setting up, authorization and monitoring of online platforms providing exchange services (exchanging crypto for fiat, fiat for crypto and crypto for another crypto). We successfully counseled numerous client in setting up their crypto exchange operation in selected jurisdictions and advising them regularly on their ongoing obligations to maintain their authorization and legal obligations.
Crypto mining raises some specific issues all across the board, ranging from legal, regulatory and commercial issues to real estate, infrastructure and planning and zoning, amongst others. Our expertise in the crypto sphere, coupled with our global network of services providers and advisers, enable us to represent clients operating in this unique segment of the crypto industry.
Despite aiming to disrupt and challenge the traditional banking sector, crypto activities does require adapted banking and payments solutions, such as e-wallets and cold storage. We have gained expertise in introducing and establishing relationships between our clients and relevant providers of e-wallets and cold storage, while providing ongoing legal and commercial advice and services to enable and facilitate these activities.
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