Digital Currency

Virtual Assets & Digital Currency

As a leading law firm in virtual asset, cryptocurrency, token and other digital markets, we:

  • Were heavily involved in consulting with AUSTRAC during the creation of Australia’s current Digital Currency Exchange (DCE) regime
  • Were the primary authors of Blockchain Australia’s Code of Conduct for Digital Currency Businesses
  • Developed legislation (not yet law) for another country’s Free Economic Zone regulating Stable Coins and secondary market trading of digital assets
  • Act for some of Australia’s largest digital currency exchanges
  • Chair Blockchain Australia’s AML & Financial Crime Committee

Virtual Asset Services Providers (VASPs)

Since FATF’s adoption of its Interpretive note to Recommendation 15, in June 2019, the industry is often referred to as the Virtual Asset Service Provider industry.  Our firm is involved in a number of international projects relating to digital currency regulation and best practice.

How we can help

The law surrounding digital currencies is complex and rapidly evolving.  We help participants:

Useful resources for Digital Currency businesses

Blog update
5 Frequently Asked Questions for Setting up a Cryptocurrency Exchange in Australia

With digital currencies having cemented themselves in daily finance updates, they have begun to attract the wider market.  Due to the returns that have been made in cryptocurrencies, and the…

Blog update
So you’re planning on opening a cryptocurrency (e.g. Bitcoin, Altcoin) exchange

Bitcoin and other cryptocurrencies have seen a significant value increase in the recent past.  If you had the foresight to invest in Bitcoin and Ethereum in January this year, you…

Blog update
You’ve just suffered a ‘cyber’ incident – What Are the Legal Risks?

While it is natural to focus on restoring internal systems and security processes if a cyber incident arises, consideration must be given to the potential legal ramifications. Here are our…