Profile
Michael is a Partner in Piper Alderman’s Blockchain Group based in Sydney.
The Blockchain space presents unique challenges merging cutting edge technology and a challenging regulatory space as rapid development and adoption of this exciting technology occurs. As a former developer, Michael has a rare combination of technical, regulatory and legal skills which he leverages to assist his clients
As Initial Coin Offerings rose to prominence in 2017, Piper Alderman was on the forefront, advising a significant number of the top ten ICO offerings. As the space has matured, Piper Alderman continues to advise projects on structuring security offerings and other tokenization deployments within existing businesses. We now assist a range of Blockchain projects from enterprise level deployments to start-up ventures, exchanges, RegTech and compliance businesses.
Since founding and exiting a successful start-up in the early 2000s, Michael has maintained an active involvement in software development. He is knowledgeable in the workings of (and legal issues surrounding) virtual currencies and cryptocurrencies, blockchain projects, smart contract deployments as well as FinTech and RegTech projects.
This technical knowledge coupled with a highly commercial approach enables Michael to add real value to his client’s business. Michael delivers targeted advice for the whole of life software, start-up and project lifecycle including design and analysis, commercial contracts including shareholder, advisory, supply and software agreements, financial services regulation including project analysis, compliance as well as fundraising documentation and ongoing support.
Michael regularly publishes on technology and Blockchain matters and is a sought after speaker in relation to legal issues facing smart contract and Blockchain adoption both internationally (New York, San Francisco and Singapore) and in Australia (Sydney, Melbourne, Adelaide and Brisbane).
Expertise
Recognition
Michael Bacina of Piper Alderman has built an excellent reputation for his expertise in blockchain, including cryptocurrencies, tokens and smart contracting. He has extensive experience in advising startup companies on structuring and regulatory issues relating to ICOs. One client states that “he has a technology background and, as a lawyer, he understands the details. We don’t have to translate for him. What I find best about him is that he is very sharp and quick, commercially savvy and provides fundamentally invaluable perspectives on structuring that goes beyond the purely legal.”
Chambers and Partners: Global FinTech Guide, 2019 edition
Accolades
- Blockchain Policy Maker or Influencer of the Year: Michael Bacina
- Chambers and Partners, Professional Advisers: FinTech Guide 2019 – Band 1 for Legal in Blockchain & Cryptocurrencies in Australia
- The Legal 500 Asia Pacific: Australia – Recommended for Corporate and M&A – 2019 edition
Recent deals and media coverage
- The Blockies: Meet Australia’s award-winning blockchain stars – Finder, 24 July 2019
- What’s a blockchain? A lawyer’s guide: Part one – Lawyers Weekly, 25 June 2019
- What’s a blockchain? A lawyer’s guide: Part two – Lawyers Weekly, 9 July 2019
- Libra — a lawyer’s guide to blockchain: Part three – Lawyers Weekly, 16 July 2019
- Podcast: Blockchain’s role in anti-money laundering and counter-terrorism financing – Lawyers Weekly, 25 January 2019
- Top firms act as fintech start-up sells fast – Australasian Lawyer, 23 January 2019
- LegalMeets Podcast Episode 24 – Michael Bacina
- DIY super funds getting into Bitcoin and other cryptocurrencies – Brisbane Times, 11 November 2018
- Piper Alderman to adopt new payment structure – Lawyers Weekly, 13 September 2018
- Piper Alderman adopts Paid By Coins for Cryptocurrency payments – Australian FinTech, 12 September 2018
- Grant Thornton support of Lakeba’s Future Hub consortium to help accelerate Blockchain Growth – Australian FinTech, 29 August 2018
- Pipers to bolster blockchain efficiencies with ‘future-focused’ partnership – Lawyers Weekly, 8 August 2018
- Podcast: Blockchain, cryptocurrency and changing client expectations – Lawyers Weekly, 27 July 2018
- Demand for blockchain-competent lawyers on the rise – Lawyers Weekly – 27 June 2018
- Why one of Australia’s oldest law firms is now accepting Bitcoin payments – Australasian Lawyer, 1 February 2018
- Piper Alderman has become the first major Australian law firm to accept bitcoin payments – The Advertiser and Adelaide Now (online) – 17 January 2018
- National firm appoints new partner – Lawyers Weekly, 12 January 2017
Memberships
- Board Member, Canadian Australia Chamber of Commerce
- Blockchain Australia
Insights
13 March 2020
Blockchain Bites: Bank of England publishes CBDC discussion paper, Blockchain Professionals meetup goes virtual, China...
Read More06 March 2020
Blockchain Bites: Supreme Court of India reverse digital currency banking ban, Lloyds launches digital currency...
Read More28 February 2020
Blockchain Bites: Central Bank Digital Currency developments growing around the world, France and Austria combine...
Read More21 February 2020
Blockchain Bites: UK High Court makes landmark decision on digital assets, Japan considers a CBDC,...
Read More14 February 2020
Blockchain Bites: The Australian Parliament expand ASIC’s regulatory sandbox, US Federal Reserve ruminates CBDC, SEC...
Read More07 February 2020
Blockchain Bites: The Australian Blockchain Roadmap is released, Decentralised Finance (DeFi) continues to grow, APRA...
Read More06 February 2020
Swimming in regulatory uncertainty: DeFi and the “no loss” lottery PoolTogether
Read More31 January 2020
Blockchain Bites: Chainalysis release new criminals in crypto report, IBM secure patent for ‘self-aware’ token,...
Read More24 January 2020
Blockchain Bites: US reintroduce new crypto tax bill, Australia misses out on global CBDC working...
Read More17 January 2020
Blockchain Bites: US Treasury trial blockchain, AMLD5 comes into effect in EU, NBA Star takes...
Read More17 January 2020
Blockchain Bites: US Treasury trial blockchain, AMLD5 comes into effect in EU, NBA Star takes...
Read More10 January 2020
Blockchain Bites: Blockchain Community Rallies to support Bushfire Fundraising, RBA continues to research CBDC, Qatar...
Read More10 January 2020
Blockchain Bites: Blockchain Community Rallies to support Bushfire Fundraising, RBA continues to research CBDC, Qatar...
Read More20 December 2019
Blockchain Bites: Chinese courts using blockchain, South Africa enact crypto capital controls, France approve first...
Read More17 December 2019
Blockchain Bites: IRS deploys new crypto tax form, China ramps up blockchain integration, Ukraine approve...
Read More17 December 2019
Blockchain Bites: IRS deploys new crypto tax form, China ramps up blockchain integration, Ukraine approve...
Read More09 December 2019
Blockchain Bites: Canadian Walmart branches into blockchain, France test trial digital currency, Germany passes breakthrough...
Read More09 December 2019
Blockchain Bites: Canadian Walmart branches into blockchain, France test trial digital currency, Germany passes breakthrough...
Read More02 December 2019
Blockchain Bites: US Court files another lawsuit against Bitfinex and Tether, China cracks down on...
Read More22 November 2019
Blockchain Bites: Libra growing stronger, UK Taskforce releases Legal Statement on Cryptoassets, UAE crafts crypto...
Read More22 November 2019
Blockchain Bites: Libra growing stronger, UK Taskforce releases Legal Statement on Cryptoassets, UAE crafts crypto...
Read More15 November 2019
Blockchain Bites: IRS: “dozens” of crypto tax evaders identified, Coca-Cola Blockchain and the Royal Bank...
Read More08 November 2019
Blockchain Bites: Libra, Her Majesty gets tax on crypto and digital identity updates
Read More28 October 2019
Blockchain Bites: Zuckerberg grilled, Australian Senate Committee Issues Paper, ASX CHESS Replacement
Read More14 October 2019
Blockchain Bites: Perth Mint tokenizing gold, Tether and Bitfinex Class Action Lawsuit
Read More07 October 2019
Blockchain Bites: Cuban Criticism, Crypto Rating Council formed, NBA disallows contract tokenization
Read More01 February 2019
Regulating STOs and Token Offerings: Australian Treasury seeks submissions
Read More29 September 2017
ASIC Guidance on cryptocurrency token sales: a ban or sensible regulation?
Read More27 July 2017