The introduction of the Internet in the early 1990’s fundamentally changed how the private sector and, more recently, the public sector carry on their day-to-day business.
Now, with the more recent development and application of Blockchain, Cryptocurrency and Smart Contracts, the Internet is becoming a truly revolutionary platform for all sorts of business processes including not only communication and related data management and documentation challenges, but also product and services marketing, payment processing and, most importantly, value attribution and exchange.
Blockchain, Cryptocurrency and Smart Contracts are almost certain to impact almost every form of modern business, including those in financial services and banking, the production of digital creative content and online retailing and distribution of virtually everything.
It will also transform how companies interact with their stakeholders and how governments deal not only with their citizens, but also with each other. Huge issues of data security and digital file administration are at play.
Just as the technology is emerging in fits, starts and the occasional false step, the law is struggling to keep up with the proliferation of possibilities that Blockchain, Cryptocurrency and Smart Contracts present.
Today, the law and regulation governing securities, telecommunications, currency and consumer protection, to name a few, are all being carefully reviewed, both within national jurisdictions and through global and/or multi-jurisdictional agencies, with a view to reform and revision.
Miller Thomson is prepared for both the turmoil and the opportunity that Blockchain has unleashed, not just in the wild and woolly world of crypto-currencies and ICOs, but also for the wider universe of ledger-enabled business process solutions that are now beginning to appear.
From start-ups and emerging companies to the angel investors and venture capitalists who back them, right through to the established data-dependent and data-exchange driven operations in banking and finance, entertainment, transportation/logistics and large industrial operations, especially those that use the Internet of Things where Blockchain technology solves big problems, Miller Thomson is equipped to advise.
Whether the client is large or small and whether Blockchain, Cryptocurrency and Smart Contracts are central or peripheral to its future success, our team at Miller Thomson has acquired the practical expertise and depth to provide valuable insight and real-time guidance about what is happening around the world, what the law currently or potentially permits and prohibits in Canada, how inherent risks of a proposed business idea can be reduced or eliminated and, most importantly, how transactions rooted in Blockchain technology need to be appropriately and accurately documented.
Because Miller Thomson is a national full-service law firm, our Blockchain, Cryptocurrency and Smart Contracts team is able to deal with a range of legal issues including:
- Capital markets and securities
- Financial services
- Intellectual property
- Litigation and dispute resolution
- Mergers & Acquisitions
- Private equity
Miller Thomson joins Global Legal Blockchain Consortium
Miller Thomson is pleased to announce its membership with the prestigious Global Legal Blockchain Consortium (GLBC), whose mission “is to organize and align the stakeholders in the global legal industry with respect to the use of blockchain technology in order...
Lampros Stougiannos and Alexia Magneron speak at CanBIM Regional Session – Montreal 2018
Lampros Stougiannos and Alexia Magneron give a seminar titled ”BIM, Blockchain and Smart Contracts” at CanBIM Regional Session – Montreal. This presentation provides an overview of certain legal aspects surrounding BIM, Blockchain and Smart Contracts, and discusses the potential applications...
Gal Smolar speaks on Blockchain Technology
Gal Smolar presents “Blockchain: Real World Applications Today” at CFA Society Vancouver seminar. Blockchain technology is more than just crypto-currencies and mining.
Phil Long speaks at The Entrepreneurship Society’s Blockchain Lunch
We are pleased to collaborate with The Entrepreneurship Society to present “Blockchain Lunch: Capital Markets & Evaluating Startup Teams when Investing” hosted at Miller Thomson’s Toronto office. Phil Long speaks on a panel at the event, which will dive into...
Derrek Fahl discusses Security Tokens at the Legal & Technical Bits Event
Derrek Fahl is panel guide and presents to our Vancouver office on “Security Tokens: Legal & Technical Bits”. Security Tokens are an emerging crypto asset that includes regulation & ties to real world assets.
James Swanson speaks at a private training session on Future and Blockchain Technologies
James Swanson presents a private training session to the Alberta Court of Appeal. His presentation, “The Future Ain’t What It Used to Be (with apologies to Yogi Berra)”, will focus on disruptive technologies of the present and the near future such as Artificial...
Phil Long discusses Security Tokens at the Legal & Technical Bits Event
Phil Long is a panelist at the Security Tokens: Legal & Technical Bits event. The focus of the discussion will be “Regulatory Issues Surrounding Security Tokens”.
James Swanson speaks on the Future of Privacy
Jim presents at the Privacy and Access Council of Canada’s National Privacy and Data Governance Congress. Topic of discussion is “The Virtual Fishbowl and the Future of Privacy – Will Artificial Intelligence, Automation, the Internet of Things and Block Chain...
James Swanson speaks at Legal Innovation Conference
James Swanson will be chairing a panel at the Legal Innovation Conference. The topic of discussion will be “Innovative Legal Technologies and Services”.
Imran Ahmad speaks on Blockchain Technology and Artificial Intelligence for Financial Services Conference
Imran Ahmad speaks in a conference on the issues of Cybersecurity and Artificial Intelligence of Blockchain and smart contracts. The conference will be in French.
ICOs and Blockchain – Legal Landscape
Join us for an informational discussion and Q&A with Derrek Fahl, a leading ICO/blockchain lawyer, regarding blockchain, ICOs, token offerings and exchanges – their intersection with securities laws, and the current regulatory landscape for cryptocurrency, including the emerging security token...
Market Close Cocktail Series
You are invited to attend Miller Thomson’s “Market Close” Cocktail Series featuring key industry participants presented by the Capital Markets & Securities Group. Come learn more on recent trends and upcoming legal changes and what they mean for Canadian businesses....
How Smart is Your Contract? Legal Considerations Around Smart Contracts
Ontario Bar Association Information Technology and Intellectual Property Law section
In a 2016 report by the World Economic Forum, it was suggested that smart contracts based on blockchain technology could potentially codify financial agreements in a shared platform and guarantee execution based on mutually agreed conditions. This would significantly reduce manual...
Ontario’s Rules for Distributing Securities Abroad: How They May Impact Security Token Offerings
As reported in our previous notice, the Ontario Securities Commission (“OSC”) recently introduced Rule 72-503 Distributions Outside Canada (“Rule 72-503”), which came into force on March 31, 2018, and set out rules applicable to the issuances of securities outside of...
Canadian Tax Ramifications in Connection with Exchanging Cryptocurrency for Cash
There are now over 1,300 cryptocurrencies available online, Bitcoin being the most popular, with new initial coin offerings, or “ICOs”, being announced on what seems like a daily basis. Bitcoin made headlines at the end of 2017 as the price...
“Smart” Entertainment on the Blockchain
Until recently, musicians and film producers would release their works hoping piracy would not do away with all of their revenue. Then they would wait as publishers, distributors, YouTube, Spotify, collectives, etc. collected royalties, took their cut and then paid...
Cryptocurrency and cybersecurity: The implications
The Lawyer's Daily
This is part two of a two-part series. Similar to the way money is stored in a bank, cryptocurrency can be stored in forms of “cryptocurrency wallets” where sensitive information is encrypted and securely stored. If an owner of a...
Cryptocurrency and cybersecurity: A primer
The Lawyer's Daily
As the value of bitcoins continues to soar, there has been increased interest in whether cryptocurrencies may one day replace traditional currencies. However, regulators and the broader public remain skeptical and concerned about whether digital currencies are vulnerable to manipulations...
Appature Mobile Applications Inc. closes private placement of special warrants
Counsel to the agent Mackie Research Capital Corporation
DMG Blockchain Solutions Inc. and Aim Explorations Ltd. close $28 million subscription receipt financing
Counsel to the agents Canaccord Genuity Corp. and Paradigm Capital Inc.
Totally Hip Technologies completes plan of arrangement
Counsel to Totally Hip Technologies Inc.
NetCents secures up to $5 million in financing
Counsel to NetCents Technology Inc.