How Businesses Can Deal With Cryptocurrency RisksOn October 9, 2018 by Schnader in Client Alerts
Danielle Bruno and Laurel Gift published a client alert, “How Businesses Can Deal With Cryptocurrency Risks.” The article assesses how businesses can safely utilize blockchain technology and cryptocurrency, while avoiding potential cyberattacks, criminal activity, regulatory violations and financial losses.
“Businesses need to effectively evaluate and manage the risks associated with blockchain. Cryptocurrency, in particular, requires a cautious approach, informed decision making and attention to detail. Businesses can deal with most of these risks and uncertainties by following many of the same best practices they commonly employ throughout their operations for research, documentation, compliance, training and contracting. This article identifies various ways businesses can manage cryptocurrency risks while still engaging in the innovation and advantages these technologies offer.”