The rise of Bitcoin and cryptocurrencies

Martim Machado, Corporate/M&A partner, contributed to the publication of “A Blockchain Revolution – The rise of Bitcoin and cryptocurrencies” from IR Global, an international network of law firms based in London and with members in more than 150 countries. About the article, Martim points out that:

“Cryptocurrencies has attracted the attention of many, not only for it’s recent valorization, but for it’s possible impacts on governments and the financial system. This discussion, however, draws the focus from a still more significant one. The technology that enables cryptocurrencies, generally called as ‘blockchain’, is disruptive, can be used for a variety of other purposes and will have relevant impacts on multiple sectors of the economy.”

Martim has been studying the subject and the legal repercussions of blockchain technology, such as the use of “smart contracts” and “autonomous decentralized organizations”.

Click here to read the full publication.