Acceptance of Cryptocurrency Magnifies Legal Securities Risks
Tuesday, February 16, 2021 In recent days, several major companies have moved toward implementing cryptocurrency transactions in their business. Tesla stated in its recent Annual Report that it had “invested an aggregate $1.50 billion in bitcoin” and expected to “begin accepting bitcoin as a form of payment for [its] products in the near future.” [i] Mastercard announced that it would “start supporting select cryptocurrencies directly on [its] network” in 2021. [ii] And BNY Mellon issued a press release regarding the opening of a new “enterprise Digital Assets un...
Source: natlawreview.com