Cameron-Huff has worked as the attorney for a Bitcoin core developer, many token-based companies, and dozens of crypto startups. As president of Decentral Inc., he managed a staff of 30 and assisted to select the business to 750,000 monthly users.
Since the very first, all-crypto legal services company in Canada,'' Cameron-Huff anticipates the ongoing uncertainty around Canada's cryptocurrency regulations to make a small business for him, but he's also seeking to construct a international presence.
"It's likely that the first legal work I do in 2019 is for a business out of Malta or even from Singapore.
"There is a continuing international talent deficit, and attorneys are part of that. Although most law is national/sub-national, there are certain corporate-commercial factors that are cross-borderlegal approach is global. Many companies around the globe can't locate local legal talent that matches their requirements, which is an export opportunity for Canada's blockchain lawyers."
Cameron-Huff notes which Canada has a relatively welcoming legal and regulatory environment, particularly in comparison to the U.S.
The challenges are still"non-legal places like commercial bank accounts (i.e. not having the ability to gain access to the banking system), access to funding (particularly post-angel), along with competition for ability (crypto companies aren't the only ones hoping to employ intelligent technologists)," he said.
Disappearing Federal Regulations
Cameron-Huff, that had been involved in the first, confidential regulatory evaluation process in 2014, said that the industry ought to be grateful that those efforts were not enacted. He explained he is not a fan of cryptocurrency-specific, even though he has heard from quite a couple of crypto businesses that are keen on law.
"What they do not understand is that the regulations will not be written bythem or even to them. They assume that any regulations will be supportive of the vision for the industry and the Canadian obligations space, but that's not necessarily the case, and even if it had been, it's the potential to suspend present models set up.
"The major issue throughout the past two years is how to steer clear of illegal securities. Advertisers have improved their scrutiny of new digital advantage listings and the remainder of the business has followed suit. In 2019 will see a continuing maturation of the distance and a heightened focus on regulatory/compliance. It can not be ignored anymore."
Cameron-Huff praised the federal government for the upkeep saying:
"The current situation is one in which there is considerable freedom to function and experimentation with new versions. That is precisely what's needed at the moment."
Future of Crypto
Cameron-Huff is sanguine about tying his future into bitcoin:
"The price goes up. The price goes down. The price goes up. That is the background of bitcoin in a nutshell. The only thing which could surprise me is if the cost stays the same during 2019. I'm dedicating myself fulltime to this market, therefore I think that shows my long term outlook better than anything else that I could say. Developers aren't quitting and neither am I."
So Far as working with the many altcoins on the market, Cameron-Huff isn't Searching for any company and states of altcoins:
"The great majority of altcoins are irrelevant duplicates of the source code of important jobs like Bitcoin and Ethereum -- duplicates which don't entail technological invention will almost surely continue to neglect."
But, Cameron-Huff expects to be advising some startups on token sales and he thinks that ICOs are likely here to stay, stating:
"I anticipate that 2019's token sales will probably be of higher quality compared to many of the ones from 2017/2018. There is an increasing sophistication in the marketplace and I feel the'gold rush' mentality has chilled."
Fixed Billing for Crypto Lawyers
Cameron-Huff explained that he is pleased to accept bitcoin as payment (in addition to fiat) and, from what he sees as another pioneering step ahead, he's got a fixed-fee payment method for his clientele.
As described on his site , a fixed-fee service is intended to ensure a company gets access to legal advice, no matter what the problem and when. Just like a membership fee, it ensures access when needed.
Cameron-Huff sees this more appropriate billing model for the complex needs of blockchain along with cryptocurrency startups.
Stuart Hoegner, general counsel for Bitfinex, informed us he sees that a powerful future for Cameron-Huff and commented concerning the fixed-fee method:
"I suspect he will also find a very willing audience for the fixed-fee arrangements that he's proposing. Smart and forward-thinking lawyers have been receptive to these types of alternative charging arrangements for decades, and they continue to be in demand.
"They do not necessarily fit a customer's situation, but the secret is modularity as well as decision. The attorney's way of working and charging should fit the client's business model and objectives, not the other way round."
Evan Thomas, a Toronto-based attorney who works with crypto companies, can be enthusiastic about this new charging arrangement stating:
"What seems unique is that Addison is devoting his own legal and business expertise to offer a fixed cost range of work that goes beyond the normal legal work any startup needs and includes advice and work specific to firms in the blockchain/crypto space. An advanced model like this requires strong knowledge of the legal, business and technical issues unique to customers in the business."
Cameron-Huff stays optimistic about turning into unchartered waters. "There's a lot of talk online about crypto costs and whether 2018 was a bubble, but I've only seen a continuous gain in the quantity and quality of Toronto's blockchain companies. Canadian banks continue to hire blockchain developers. Startups possess doubled-down on the worth of their goods rather than the worth of their own coins or tokens. I expect 2019 to be a significant season for product growth. The insecure side holds very little interest for me personally."