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The world of decentralized finance, blockchains, virtual
and cryptocurrency have grown exponentially in recent years. Many
financial institutions are looking to enter or expand their
operations in the digital economy, but the regulatory environment
gives many pause.
Many organizations think that because they don’t directly
engage in mining cryptocurrency, they are not subject to laws
regarding DeFi activity, but there’s much more to it than
that. From licensing and vendor management to money transmission
and payment rails, where do my obligations begin?
Over the coming months, McGlinchey attorneys from various
practice groups will dive into the world of DeFi and explore it
from every angle. From articles, podcasts, and webinars on hot
topics to a client-only, live Q&A session, content will be
geared towards busy schedules and drilled down right to the good
stuff – what is DeFi and how does it impact
traditional finance?
In this introductory video, compliance and Fintech
attorneys Aaron
Kouhoupt and Robert
Savoie (Cleveland) will discuss this fascinating and
vibrant subject matter while giving you a breakdown of the content
you can expect in coming weeks.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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