What do crypto lawyers do? Advising on money services businesses and money transmitters and their registration requirements. Working with venture capital firms on transactions involving blockchain-related companies. Advising intermediaries in the cryptocurrency economy – including brokers and exchanges – on their compliance obligations.
Is cryptocurrency a legal? Cryptocurrencies are legal in the US. According to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), Bitcoin is a convertible currency with an equivalent value to real currency or one that can act as a substitute for real currency.
How much do crypto lawyers make?
|Crypto Community Manager||$35,000-$95,000|
|UX/UI blockchain designer||$80,000-$140,000|
Is cryptocurrency protected by law? Cryptocurrency exchanges are legal in the United States and fall under the regulatory scope of the Bank Secrecy Act (BSA). In practice, this means that cryptocurrency exchange service providers must register with FinCEN, implement an AML/CFT program, maintain appropriate records, and submit reports to the authorities.