This week, we’re speaking about the rules involving bitcoin, Ethereum and other digital assets featuring cryptocurrency lawyer, Sohaib Mohammed. Topics: the Code is Law defence, asset-freezing orders for cryptocurrencies and investor protection for crypto asset trading platforms This program contains 30 minutes of substantive content for the Law Society of Ontario’s CPD requirements.
Full Episode (50:33) Download Transcript
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⚫ What is the viability of a defense that asserts that exploiting vulnerabilities in programmed code is considered lawful? (9:33)
⚫ What authority do courts have to issue a Mareva injunction to freeze cryptocurrency assets? (17:22)
⚫ How would a more tightly regulated framework enhance investor protection for users of websites that sell cryptocurrencies? (24:51)
⚫ Our Ask-Me-Anything segment, featuring questions submitted by patrons of the Lawyered community (34:04)
? Tell us about the recent case in which you argued about whether a plaintiff can properly serve a defendant by way of an NFT airdrop. (34:41)
? What legal risks should cryptocurrency users be aware of when trading or investing in digital assets, especially with volatile currencies like bitcoin? (37:28)
? How can individuals and businesses stay updated on changes in Canadian cryptocurrency laws and regulations? (41:02)
? What do you see as the challenges and opportunities of blockchain technology adoption in various Canadian industries? (42:34)
? How do you see the area of crypto law evolving over the next few years? (45:13)
1. Medjedovic and the ‘Code is Law’ Defense (10:40) Download
– Cicada 137 LLC v. Medjedovic, 2021 ONSC 8581
2. Asset Freezing Orders for Cryptocurrencies (10:28)Download
– Li v. Barber, 2023 ONSC 1679
3. Enhancing Investor Protection for Crypto Asset Trading Platforms (12:12) Download
– CSA Staff Notice 21-332 Crypto Asset Trading Platforms: Pre-Registration Undertakings – Changes to Enhance Canadian Investor Protection
4. Ask-Me-Anything: Cryptocurrency Law (16:10) Download
? Tell us about the recent case that you argued about whether a plaintiff can properly serve a defendant by way of an NFT airdrop.
? What legal risks should cryptocurrency users be aware of when trading or investing in digital assets, especially with volatile currencies like bitcoin?
? How can individuals and businesses stay updated on changes in Canadian cryptocurrency laws and regulations?
? What do you see as the challenges and opportunities of blockchain technology adoption in various Canadian industries?
? How do you see the area of crypto law evolving over the next few years?
About the Guest:
Sohaib Mohammad is a lawyer, sole practitioner and founder of DeLawyer Professional Corporation based out of Ottawa, Ontario. He is passionate about blockchain technology and focuses his practice on litigation and solicitor services related to cryptocurrency, non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs). As a litigator, Sohaib acted for the Plaintiff, Taylan McRae-Yu, in launching an NFT-based class action at the Ontario Superior Court of Justice where he successfully obtained what appears to be the first Canadian Court Order allowing service of a Statement of Claim via an NFT airdrop into a Defendant’s cryptocurrency wallet. Prior to starting his sole practice, Sohaib worked briefly as a pharmaceutical patent litigator.
Sohaib’s Full Bio
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