Miami is “Perfect Storm” for Exploding Cryptocurrency Ecosystem, Says Mitchell Silberberg & Knupp Partner Nimish Patel

LOS ANGELES–()–If it wasn’t already obvious, final week’s Bitcoin convention in Miami proved that the “Magic City” has develop into the epicenter of this new asset class – and the world of crypto has solely 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,” stated Nimish Patel, a accomplice at regulation agency Mitchell Silberberg & Knupp LLP who attended Bitcoin 2021, the biggest Bitcoin convention on this planet.

“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 firms and publicly traded alternate listed firms on company governance and regulatory issues and focuses on points surrounding crypto property and blockchain applied sciences. He not too long ago suggested publicly traded Sysorex Inc., on its reverse merger with the biggest Ethereum mining firm.

Patel is offered for interviews concerning the rising cryptocurrency ecosystem in Miami and cryptocurrency-related matters.

About Mitchell Silberberg & Knupp LLP

Since 1908, Mitchell Silberberg & Knupp LLP has confirmed its skill to grasp the advanced, demystify the mysterious, and outline the unknown. With greater than 130 attorneys and places of work in Los Angeles, New York and Washington, D.C., MSK is usually distinguished as a “go-to” agency by business and authorized insiders and has in depth expertise in quite a lot of observe areas, together with Entertainment & IP Litigation, Labor & Employment, Motion Picture, Television & Music Transactions, Immigration, Corporate Securities, Regulatory, Tax, Trusts & Estates, Real Estate and International Trade. Relentlessly revolutionary, our attorneys have developed groundbreaking laws, established influential precedents and formed the authorized panorama. For extra info, go to www.msk.com.

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