Squire Patton Boggs, one of the world’s leading full-service legal companies for ensuring cross-border compliance counselling as well as incident response, has announced a new partnership with internationally-patented ASTRA Protocol, in order to give assurance and compliance confidence to the decentralized finance (DeFi) ecosystem.

Squire patton Boggs operates business offices in over 20 countries, on 4 continents. The firm’s international legal practice is in key markets where clients regularly carry out high volumes of business, focused on the digital assets sector.

They also have strategic relationships with companies in Latin America and Europe that they can work together. The firm’s extensive industry experience is shared via one of the leading tech platforms in law, and a rotating roster of lawyers to offices all over the world. Additionally, they use industry knowledge and project-management tools in order to enhance their business processes and increase the value of legal services.

Astra Protocol, an innovative legal and compliance layer, that provides public blockchains with unmatched certainty, has announced that it will work in cooperation with Squire Patton Boggs. Squire Patton Boggs will accept ASTRA as the first DeFi payment option.

The Leveraging of Decentralized Assurance Layers on Public Blockchains
Even though current crypto and blockchain firms pose challenges to regulatory authorities around the globe, Astra Protocol provides a layer of decentralized assurance on public blockchains in support of the explosive growth DeFi.

Astra’s assurance layer is able to plug into an existing DeFi platform in order to ensure that the funds arrive at their intended destination, via its internationally patented technology. It was created to block insecure or invalid smart contract execution. Astra will be able to immediately resolve the dispute, restore the funds, and follow all applicable regulations if a transaction proves to be fraudulent.

Joe Crowley, Senior Policy Advisor at Squire Patton Boggs, is also an American politician who served as U.S. Representative from New York’s 14th congressional district from 1999 to 2019, said

“We are delighted to work with ASTRA Protocol, and we look forward to meeting their colleagues across the globe.”
Crowley, added

“ASTRA is the preeminent compliance protocol business within the DeFi industry that is able to give assurance to regulatory agencies as well as individual clients, which in turn will help boost confidence in DeFi’s legitimacy as a global industry”.
Sakhib Waseem is Chief Innovation Officer of ASTRA Protocol.

We are very pleased with the partnership we have with Squire Boggs, and look forward working with Congressman Crowley’s organization. ASTRA Protocol is defining the next decentralised, global compliance system for the DeFi sector. It’s important that we have key partners that are both familiar with crypto and up-to-date on regulatory changes.
“Squire Patton Boggs has a strong presence in the US, and international. This partnership confirms that we understand the most recent regulatory enhancements worldwide and can offer an industry-leading standard to our clients and customers.”
Sakhib continues.

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