Regulation

Digital Currency - Regulation

Digital currency is increasingly popular but it remains unregulated. There are no laws or regulations that specifically apply to Bitcoin and other forms of digital currency. In the absence of a regulatory framework, there are clear risks.

Digital currency is exposed to fraud, money-laundering and illegal transactions, and there is increased risk, for instance, to consumers and other businesses from poorly run �?bitcoin service providers’ with potentially no remedy.

The UK Government has said it plans to introduce regulations - notably that it will apply anti-money laundering (AML) rules to digital currencies. The European Commission has also called for regulation to combat the abuse of digital currency by terrorists using it to finance their operations. The specialist Bitcoin and digital currency solicitors at Selachii advise clients on what is a dynamic, fast changing industry. We are proud to be part of a wide Bitcoin network and are always ahead of the game concerning regulatory announcements.

We are keeping a close eye on developments in the regulation of digital currency and the potential impact on clients’ business dealings.

How Selachii Can Help

Selachii is a dynamic litigation law firm based in Kensington, London. Our specialist crypto currency and Bitcoin solicitors are highly experienced in the risks associated with Bitcoin. We put the best interests of our clients at the heart of everything we do. We work with both businesses and private individuals, giving them legal advice and support which is unique to them and their situation.

We don’t believe in simply handing out one-size-fits-all solutions to problems. We will focus on your specific circumstances before working out the best and most cost-effective way of helping you achieve your aims.