Bitcoin miners, mining companies, and their executives face numerous legal risks and uncertainty due to emerging technologies. Not only can they face legal challenges on the federal, state, and even local levels, but they are constantly evolving as the law struggles to keep up with cryptocurrency and digital assets practices.
The One Legal Square, a law firm powered by the national business defense firm One Legal Square LTD., provides full-service representation to bitcoin mining companies that do business in the U.K. Our team consists of former federal prosecutors and investigators, cryptocurrency advocates, thought leaders, and scholars. Together, they bring decades of relevant experience to blockchain technology, cryptocurrency and bitcoin mining, including experience in defending and prosecuting bitcoin mining companies for all regulatory and legal issues.
What Legal Services Can We Provide to Bitcoin Miners?
Whether they are aware of it or not, Bitcoin miners are in the crosshairs of numerous federal and state regulatory schemes. Additionally, their services create a horde of legal implications and risks. On a daily basis, bitcoin miners need to be able to rely on experienced legal advice covering a wide range of areas, including:
- Litigation risk management
- Federal defense for both civil and criminal allegations
- Compliance
- Internal auditing and investigation
- Business litigation
- Audits by law enforcement and other agencies
The attorneys and bitcoin scholars at One Legal Square can help on all of these fronts.
Litigation Risk Management
Bitcoin miners always face the risk of getting sued, whether by the government for failing to comply with binding regulations or by a third party for a host of allegedly wrongful activity, like:
- Breach of contract
- Unfair business practices
- Antitrust violations
- Employment disputes
- Environmental damage
- Zoning and real estate problems
- Intellectual property infringement or violations
While these risks will always exist, managing them is paramount for bitcoin mining companies. This often involves addressing legal issues such as:
- Data security
- Contract review
- Creating compliance strategies
- Internal audits and investigations
At One Legal Square LTD, we provide all-encompassing and detailed risk management programs that are custom-fit for your bitcoin mining company’s needs and concerns.
Federal Defense Attorneys
As government regulation reaches deeper into the novel field of cryptocurrency, the odds for a legal action from a state or federal regulator or law enforcement agency increases dramatically. The seriousness of these enforcement actions cannot be understated. They can hold your bitcoin mining company liable for millions of dollars and can even lead to criminal sanctions, up to and including jail time for your company’s executives. Additionally, the agencies that can be making these allegations include some of the most powerful law enforcement organizations in the world, including the:
These agencies can levy some potent accusations against your mining company. Some of them are civil allegations, while others are criminal in nature. Some can be pursued as either civil or as criminal violations. Some common accusations that you can face for your bitcoin mining activities include:
- Tax evasion
- Anticompetitive business conduct
- Securities fraud
- Deceptive marketing
- Violations of environmental protection laws and regulations
- National security issues
- Data management violations related to hacking
- Consumer protection violations
The attorneys at One Legal Square include numerous former federal prosecutors that have extensive experience in pursuing these same types of allegations against businesses across America. By tapping into that experience and getting it on your side, you can raise effective legal defenses throughout the investigation and enforcement process and insulate you and your bitcoin mining company from significant civil or criminal liability.
Compliance
The best way to defend against allegations that you have violated a regulation or other legal or contractual obligation is strict compliance. If you comply with the regulation or contract, then allegations that you are violating its terms or not fulfilling your obligations will not be made or, if they are made, they will be baseless.
In most cases, investing in effective compliance protocols is not only less stressful and risky than defending against allegations of wrongdoing, but it also costs less.
One Legal Square provides Bitcoin mining corporations with the legal experience and the current understanding of this ever-changing industry required to craft, implement, and maintain the comprehensive and effective set of compliance measures needed to insulate your company from legal liability or even the threat of legal liability. With our legal experience defending Bitcoin and other digital assets companies at every stage of the process, you can rely on us to bring your company into compliance on all necessary fronts so you can focus on what you want: Running your Bitcoin mining business.
Internal Auditing and Investigations
A core component of every effective corporate and securities laws compliance strategy is to conduct internal audits and investigations to ensure that every facet of that strategy is working the way it should. An audit is nothing more than a test of your compliance mechanisms. Without those tests, your compliance protocols are nothing more than theories. Worse, they can provide a false sense of security.
With our help, your Bitcoin mining corporation can audit your securities and commodities laws compliance policies to ensure they are working the way they are supposed to. These audits can discover crucial compliance failures before they get worse or federal law enforcement agents find them. At the very least, plugging these holes can mitigate the damage of a subsequent investigation and show inspectors that your company is taking its legal obligations seriously.
Business Litigation
Litigation in the cryptocurrency industry is both a sword and a shield for all companies, including cryptocurrency organizations. One Legal Square provides legal representation, regardless of what side of the lawsuit you are on.
We can help you file a lawsuit to:
-
Enforce smart contracts
- Challenge a competitor’s unfair business practices
- Protect your trade secrets
- Stop intellectual property from being stolen, used, or infringed upon
- Uphold a non-disclosure or non-compete agreement with an employee
- Take any other action necessary to further your company’s interests
We also provide stellar corporate law defensive strategies if your company is being sued by another private party, including for:
- Contractual disputes
- Injunctions or cease and desist demands
- Nuisance complaints, including those based on environmental allegations
- Shareholder disputes and other corporate ownership issues
- Misappropriation and tortious interference claims
- Breach of fiduciary duty
- Any other allegation of wrongdoing being levied against your company
Outside Audits
If your bitcoin mining company gets audited, we can provide strong legal representation that sees your company through the process, regardless of which federal agency is behind the inspection. With our help and experience in handling these preliminary investigations, we can keep them from spiraling into serious civil or criminal cases and insulate your company from legal liability.
FAQs About the Legal Representation that Bitcoin Mining Companies Need
