2024-11-15 –, Chaum Stage
Bitcoin needs a safe harbor.
As the Bitcoin ecosystem matures, regulation and legal frameworks take relevance for business and individuals. El Salvador is the most advanced landscape to deploy Bitcoin economics. The level of maturity and consolidation of business models in Bitcoin requires special attention from both, lawyers and regulators; so, what are the key elements needed to design a regulatory landscape in favor of Bitcoin?
In this talk, we'll explore key elements to consider around designing legal frameworks for Bitcoin. Right to self-custody, freedom for use and financial sovereign agents are a couple of ideas to be covered. We'll also explore why El Salvador is a safe harbor for setting up Bitcoin treasuries at corporate structures and how to do it.
As the Bitcoin industry matures, El Salvador keeps positioned as the first and still the only country in the world to have Bitcoin as legal tender. As time passes, the country gains reputation and keeps the attention of the sound money industry. Other countries have started following El Salvador's example, now including Bitcoin as a political issue, even to win votes.
What makes this so important from the legal stand point? As institutional money and Wall Street have understood Bitcoin, this asset class keeps gaining attention from regulators and gov treasurers. Seems Bitcoin is winning the fight after just a few cycles after its inception. So, how should Bitcoin be treated from a legal stand point? Bitcoin white paper is a great base line to start. Peer to peer electronic cash system needs to keep the right to self-custody up high. Transactions in economic systems and governance mechanisms are to be ruled under the Bitcoin Standard. These ideas come as a great new area for intervention in the legal field.
What can lawyers and regulators learn from the Bitcoin Standard? Taking the orange pill for traditional lawyers may not be easy to digest. Initially, lawyers have been intermediaries for centuries. Learning true decentralization is not native for the legal profession. Nevertheless, orange pilling lawyers could be a great way to incentivize regulatory changes.
We will explore three specific use cases for the legal industry to learn from Bitcoin>
1. SPVs for corporate BTC holdings under safe conditions and tax preferred regimen
2. Governance protocols to manage corporate decision making processes on-chain
3. Bitcoin treasuries in corporations
Co-Founder at Nodeman.
Providing root legal services for the Bitcoin industry. Helping businesses and individuals deploy their operations in El Salvador. Board of Director of the Bitcoin Companies Association (ASOBITCOIN). Founder and CEO at Legalítika, a disruptive game changer of the legal industry. Featured by Forbes Centroamerica. Bitcoin speaker spreading the message around the legal industry.