In the ever-evolving environment of cryptocurrency, our office can help you navigate the legal requirements of compliance, reporting, taxation, project development and high-stakes litigation. 

True to our roots, our office also represents clients in investigations and in criminal proceedings involving cryptocurrency and digital assets. 

What is cryptocurrency? 

Cryptocurrency is a digital, encrypted, and decentralized medium of exchange. There is no central authority that maintains the value of cryptocurrency. 

Bitcoin was the first cryptocurrency and is often used synonymously as cryptocurrency. 

The cryptographic proof of the electronic payment system is verified and recorded on a blockchain.

What is blockchain?

Blockchain is a ledger that records transactions in code. Those transactions are recorded in “blocks” that are collectively linked together as a “chain” of cryptocurrency transactions. 

Transactions are recorded in real time and every blockchain is simultaneously updated. 

What is a coin?

A crypto coin, such as Bitcoin or Ether, is a form of digital currency that’s often native to its blockchain; it stores value and acts as a medium of exchange. It is designed to work in the same manner as paper money. 

What is a token?

A crypto token is built on an existing blockchain. A token represents an asset or certain platform-specific functions. 

What is a smart contract?

A smart contract is a self-executing computer code that carries out a predefined term(s) of an agreement. They are autonomous, decentralized, and operate without any intermediary involvement. They are stored on a blockchain. They are frequently used for automated payments.

The Castaneda Law Firm represents clients in:

• Improper withholding of cryptocurrency and taxation by exchange platforms;

• Development of cryptocurrency and token projects;

• Know-your-Client (KYC) /anti-money laundering and compliance;

• Business organization;

• Investments, business and real estate transactions utilizing cryptocurrency;

• Allegations and defense of tax fraud and money laundering related to cryptocurrency;

• Ransom and blackmail requests and related actions thereafter.