If it wasn’t already apparent, last week’s Bitcoin conference in Miami proved that the "Magic City" has become the epicenter of this new asset class – and the world of crypto has only begun to take off.
"Miami has the perfect storm for a new ecosystem to develop – it’s an international city, it’s open and inviting for entrepreneurs, and it has lower taxes than other financial centers like New York," said Nimish Patel, a partner at law firm Mitchell Silberberg & Knupp LLP who attended Bitcoin 2021, the largest Bitcoin conference in the world.
"It’s like the tail that wags the dog. Once investors are there and money becomes available, more and more of the industry will shift there because that’s where the money is. This will be the first wave of killer assets it will disrupt. This could have an even greater impact than the Internet, and we are just starting to see the legal issues that will unfold as a result."
Patel advises early-stage companies and publicly traded exchange listed companies on corporate governance and regulatory matters and focuses on issues surrounding crypto assets and blockchain technologies. He recently advised publicly traded Sysorex Inc., on its reverse merger with the largest Ethereum mining company.
Patel is available for interviews about the growing cryptocurrency ecosystem in Miami and cryptocurrency-related topics.
About Mitchell Silberberg & Knupp LLP
Since 1908, Mitchell Silberberg & Knupp LLP has proven its ability to understand the complex, demystify the mysterious, and define the unknown. With more than 130 lawyers and offices in Los Angeles, New York and Washington, D.C., MSK is often distinguished as a "go-to" firm by industry and legal insiders and has extensive experience in a variety of practice areas, including Entertainment & IP Litigation, Labor & Employment, Motion Picture, Television & Music Transactions, Immigration, Corporate Securities, Regulatory, Tax, Trusts & Estates, Real Estate and International Trade. Relentlessly innovative, our lawyers have developed groundbreaking legislation, established influential precedents and shaped the legal landscape. For more information, visit www.msk.com.
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