The difficulty of this practice area stems from the lack of regulation in the Spanish legal system. Therefore, especially in this area, it is essential to have attorneys in the market for bitcoins that have sufficient legal knowledge to go cross and analogically to other legal institutions regulated and thus ensure the security of economic transactions with bitcoins.
The constant change of direction and market digital currency rends requires our team of attorneys specialized in bitcoins, or Bitcoins Lawyers as they are called in English culture, to bet strongly on innovation, creativity and updating knowledge . Consequently, our legal counsel has been rated by our customers as a first class service. In addition, the prestige of our law firm bitcoins specialists with over 25 years of industry experience, enables us to ensure an exclusive deal that will bring added value to live up to their expectations.
Finally, sometimes it has been associated money laundering bitcoin, why the Financial Crimes Enforcement Network US (FinCEN) or the Securities and Exchange Commission have tightened control over the currency. In Fàbregas Associates, our lawyers in bitcoins work closely with the prosecutor and criminal department of the firm to ensure that its operations comply with all legal requirements. Specifically, our tax legislation, bitcoin is considered by the Tax Agency as a subject but exempt from VAT commercial effect, an aspect to consider in everyday use.
It is an evidence recognized by the European Parliament itself that a “perfect storm” of technologies is emerging. Its impact is changing the way businesses operate and ultimately the performance of the European economy.
Much of this revolution Bitcoins success is due to receiving strong support from large multinationals like Google.
The cryptocoins represents a technological trend that undoubtedly is forcing change the way we understand financial services. Specifically, the Bitcoin is the first decentralized digital currency that works independently of a central bank and uses encryption techniques to regulate their generation and thus verify the transfer of funds. In addition, transactions are anonymous and do not allow traceability. Thus, the “owner” of a bitcoin is in charge of recording the transaction, using a pseudonym in the book and decentralized public accountant called Blockchain, which ensures the security and transparency of the financial transaction.
So, there is no international financial institution which provides direct control over the currency but the regulation of Bitcoin is exercised by a mathematical protocol may be amended only by a process of consensus.