Hess Legal guides businesses in managing risk, protecting innovations and navigating regulatory challenges that accompany the adoption of blockchain, particularly in the financial sector. Specialty areas of expertise include:
- Digital asset & cryptocurrency market regulation, including broker, dealer, and custody regulation
- Security and data privacy
- Drafting and negotiating digital asset and cryptocurrency trading agreements
- Existing and anticipated laws, regulations, enforcement actions, and technical developments;
- Smart contract development
- Money Services Business registration
- Digital identity advisory
- Verifying payment, storage, or technology vendors
- Client private key management and custody
- Know Your Customer (KYC) and Anti-Money Laundering (AML) regulatory compliance
- Policies, procedures and operational training
- Implementation assessment reviews in connection with FinCEN
- Bank Secrecy Act
- State Money Transmitter Laws