According to latest reports from one cryptocurrency related website, the latest crypto news show that a law firm in Canada is launching a first of its kind legal firm for cryptocurrencies. The effort is mainly headed by technology attorney Addison Cameron-Huff in Toronto, Canada. His main aim is to lead the market on what he believes will be a ‘global Bitcoin explosion’.
In the new initiative, crypto is aiming to be uniquely international. As Huff said:
“There are certain corporate-commercial considerations that are cross-border, and legal strategy is international. Many businesses around the world can’t find local legal talent that meets their needs, and this is a strong opportunity.”
Meanwhile, Huff is not new to the market. He has worked as the lawyer for a Bitcoin core developer and dozens of token-based companies and crypto startups. This is in fact what inspired him to expand his mission and go from his current role of president of Decentral Inc. (wallet service) to a crypto pioneer in the legal scope.
With this, one of the challenges currently faced by crypto developers is the navigation of international resources. However, as crypto expands even further, there will probably be a huge opportunity for legal counselors like Huff to pioneer the market and get into a new marketplace.
Even though the challenges according to Huff continue to be “non-legal areas such as commercial bank accounts, access to capital and competition for talent” he is sure that this may change in the future and that legal law firms must come in the crypto spotlight.
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