McLeod Law, In Calgary, Is Amongst The First Law Firms to Accept Crypto Payments
McLeod Law recently announced that it was one of the first law firms in Canada to accept payment in crypto for its legal services. Led by their Fintech Group, the law firm will now make the option available to select clients as an alternative payment option.
How They Did It
To achieve its goal, the law firm used Coinsquare, which is a crypto exchange provider. They were able to securely accept the payment for legal services in Bitcoin. Coinsquare allows the law firm to accept BTC, BCH, ETH, and other digital coins. McLeod Law has been active in the digital currency community of Canada since 2013. This was at a time when the industry was still young and had begun to take shape.
About McLeod Law LLP
McLeod Law LLP opened its doors in the 80s as a two-person law firm. Since then, they have grown to be a team of over 50 lawyers that have legal expertise in litigation, business law, dispute resolution, and personal services for clients. They are proud to be a Calgary firm that has a reputation built on offering sound legal advice and valuing its clients. This law firm understands Calgary, the people that live in the city, and how things work.
McLeod And The Fintech Sector
The law firm has been active in the digital currency sector since 2013. Over the past five years, the team has been involved in various major developments and deals. Some of the key achievements have been:
- Being the Canadian Counsel for Toronot-based supply chain management ICO in 2017
- Being the Canadian counsel to one of the first digital exchanges to register with FINTRAC and collaborate with one of the largest banks in Canada in 2017
- In 2014, they acted as Alberta Counsel to one of the first digital exchanges in Canada
The law firm works with clients to offer practical advice, which ensures they meet all regulatory requirements. This way, they can focus on achieving the business objectives of their project. The Fintech team combines expertise in regulatory, financial services, litigation, securities, and wealth management. They tailor solutions specific to the crypto world.
The Fintech team acts for clients in the digital currency world. The clients come to them for advice in the various stages of development. This includes:
- Developing crypto products
- Opening a crypto exchange for Canadian customers
- Raising funds via the launch of an ICO or ITO
- Creating crypto investment funds
- Setting up a crypto mining farm
Just like with anything else in the financial world, there is the risk of fraud. The team comprises of experienced litigation attorneys who represent clients in matters related to crypto fraud in Canada. Besides that, they assist with the recovery of stolen crypto assets or frozen crypto assets.
For those that have digital assets, this law firm has Wills & Estates lawyers. They can help clients incorporate their digital sets into their estates and wills, and gain powers of attorney on digital assets.