Eccleston Law: For Investors. For Advisors
About
Who We Are
Testimonials
Disclaimers
Attorneys
For Advisors
Broker Transition
Transition Negotiations
Employment Matters
State Registration Problems & Discipline
FINRA Matters
Promissory Note Matters
Team/Parnership Disputes
CFP Board Matters
FINRA Enforcement Matters
State Registration Problems & Discipline
Transition Negotiations
Broker Litigation & Arbitration
Employment Matters
Regulatory Matters
Strategic Consulting
Whistleblower Law
Promissory Note Matters
Compliance Protection
Lawyer Referral Network
Expungement of CRD/BrokerCheck Disclosures
For Investors
Securities Fraud
Breach of Fiduciary Duty
Negligent Investment Management
Unauthorized Trading
Lawyer Referral Network
News & Articles
News
Articles
Financial Counsel Blog
Videos
Newsletter Signup
Contact
Site Menu
About
Who We Are
Testimonials
Disclaimers
Attorneys
For Advisors
For Advisors: Overview
Broker Transition
Broker Transition Overview
Transition Negotiations
Employment Matters
State Registration Problems & Discipline
FINRA Matters
Promissory Note Matters
Team/Parnership Disputes
CFP Board Matters
FINRA Enforcement Matters
State Registration Problems & Discipline
Transition Negotiations
Broker Litigation & Arbitration
Employment Matters
Regulatory Matters
Strategic Consulting
Whistleblower Law
Promissory Note Matters
Compliance Protection
Lawyer Referral Network
Expungement of CRD/BrokerCheck Disclosures
For Investors
For Investors: Overview
Securities Fraud
Breach of Fiduciary Duty
Negligent Investment Management
Unauthorized Trading
Lawyer Referral Network
News & Articles
News
Articles
Financial Counsel Blog
Videos
Newsletter Signup
Contact

Blockchain and Cryptocurrencies: A Primer for Financial Planners Part Two

Posted on February 18th, 2019 at 4:30 PM
Blockchain and Cryptocurrencies: A Primer for Financial Planners Part Two

From the Desk of Jim Eccleston at Eccleston Law LLC:

This is the second article in our three-part series on blockchain and cryptocurrencies. Part two is a break-down of how cryptocurrencies can be utilized as investments.

The reasons to invest money into digital currencies is best understood in three parts: 1) a strongly-held belief that the reign of the US dollar is coming to an end, 2) a desire to support the push towards a single global currency, and 3) an interest in supporting the growth and development of the blockchain technology that various digital currencies utilize.

For standard buying and selling of crypto, it can be done through a digital currency exchange account (the US exchanges include namely: Coinbase, BitFinex, BitStamp Gemini, and GDAX) which allow the investor access to numerous cryptocurrencies for purchase and storage options. An investor could also view investing in a specific cryptocurrency as proxy investment into that company’s underlying blockchain technology, since investing in the technology itself is rather exclusive at this point in time. Another option for diversifying in digital currencies could take the shape of an Initial Coin Offering (an “ICO”), much like an Initial Public Offering (“IPO”) of a company’s stock.

Investing into cryptocurrencies, however, is not for the faint of heart. Nor is it for someone looking to hop on to the latest investing trend. Cryptocurrencies are highly volatile and their indexes are difficult to track. They require a significant amount of planning and research (there is a lack of regulation in this area still) and an extremely-involved investor or financial planner.

The third and final part of our series will focus on the impact of both blockchain and cryptocurrencies on a business.'

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities Fraud, Compliance Protection, Breach of Fiduciary Duty, FINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: james eccleston, eccleston law, eccleston law llc, eccleston, blackchain, cryptocurrencies, investments, ico, inital coin offering, bitcoin, bitfinex

Share

Return to Archive

Latest Articles
Purshe Kaplan to Pay $1.6 Million Settlement
April 14th, 2021 at 10:06 AM
Cambridge to Pay $3.5 Million In Restitution To Settle FINRA Mutual Fund Case
April 13th, 2021 at 9:22 AM
Read More »
Latest News
Just Saying “No” to Firm-Provided and Conflicted Legal Counsel in Your Transition may avoid problems later
April 14th, 2021 at 3:55 PM
Affidavit of Merit Received in Eccleston Law’s $25 Million Legal Malpractice Action
April 1st, 2021 at 9:36 AM
Read More »
Share

Request a Free Consultation

Attorneys are standing by during regular business hours. Call us now for immediate service, or complete the form below and we will contact you as soon as possible.

Your E-mail Address:
 
Chicago
55 West Monroe St.
Suite 610
Chicago, Illinois 60603
(312) 332-0000
(312) 332-0003
New York City
One Liberty Plaza
165 Broadway, 23rd Floor
New York, New York 10006
(312) 332-0000
(312) 332-0003
Boca Raton
2255 Glades Road
Suite 324A
Boca Raton, Florida 33431
(312) 332-0000
(312) 332-0003
2021 © Eccleston Law, LLC.
All Rights Reserved.
The law is continuously changing. Please do not rely on information found on this site without consulting a lawyer to determine if any recent changes in the law may have an impact.