Canada Archives - Cryptocoin Spy

One aspect about the cryptocurrency markets is certain: there are many different countries who feel a different way about regulation, and there will be all sorts of legal work for many lawyers in the years to come. However, there is one lawyer that is actually planning on specializing in the crypto industry.

For those that don’t know, one of the most recognized lawyers in the space is a man by the name of Addison Cameron-Huff. He has now apparently launched Canada’s first all-crypto legal firm, catering specifically to clients with cryptocurrency-related needs.

About Huff

Addison Cameron-Huff is no stranger to the cryptocurrency space, as he has been resolving legal matters in the sector since 2014, before many were even thinking about blockchain technology. He is easily one of the most accomplished lawyers in the industry, and has represented high-profile clients that include “Ethereum cofounders, a Bitcoin code contributor, and exchanges in three countries”, according to his website. For example, Peter Todd, a Bitcoin Core Developer, has nothing but positive things to say about Huff, stating: “I’ve relied on Addison Cameron-Huff’s legal advice since I starting consulting in applied cryptography and Bitcoin full time.”

Huff is not only a lawyer, but an entrepreneur, as well. He is the president of Decentral Inc., which went on to develop the Jaxx crypto-wallet. Additionally, he actually helped shape Canadian cryptocurrency legislation, and taught a cryptocurrency law course at University of Toronto law school.

About The Firm

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The firm will be based in Canada, but that doesn’t mean that it will be focused or partial to the country at all. It plans on developing a global clientele, and Huff believes that there is a real talent gap with regards to blockchain-related lawyers currently. He states that it is an “export opportunity for Canada’s blockchain lawyers.”

There are many law firms that utilize an hourly billing model, with some of the world’s top lawyers charging well over $1,000 an hour. Many have criticized the model, and felt that it has allowed lawyers to charge for unnecessary work, bill hours where they aren’t actually working, or game the system in other ways. Instead, Huff’s firm will rely on a fixed monthly rate for unlimited legal services, which is very rare in the legal industry.

Change To Crypto

The company is now rolling out a new feature that is sure to excite cryptocurrency enthusiasts. Shakepay now offers Shakepay Change, which allows users to use their leftover change in order to purchase Bitcoin. Here’s how it works: the user links a debit card to their Shakepay account. The next time a purchase is made, the application rounds up to the nearest dollar, and the resulting change is used to purchase fractions of BTC. The BTC is then added to the Shakepay wallet.

This might sound familiar to some, as it was the basis of the successful company Acorns, which launched in 2014 and subsequently became a big hit with millennials. In fact, Acorns has such a dedicated user base that it is now reportedly valued at $700 million, and has over $1 billion in management.

Competition

Shakepay is not the only service offering this, however, and notable competitors include CoinFlash, which allows users to round up to purchase BTC, but also allows the option to purchase Ethereum (ETH), as well.

Another company, Lawnmower, was offering the service, but it appears to have discontinued the series in March 2016. The bitcoin news website Coindesk ended up acquiring Lawnmower in early 2017.

The CEO of Shakepay, Jean Amiouny, offered this statement:

Following Bitcoin, the entire suite of financial services is being rebuilt independently from the current financial infrastructure. We believe enabling access to these services is paramount to the creation of wealth and economic freedom.”