Blockchain Advocate
Leveraging blockchain technology in the legal sector is becoming more and more vivid and the use cases are many. Lawyers can streamline and eliminate the complexity of transactional procedures, and securely store the documents using digital signature and immutability of stored documents. Automation in the management of contracts and scripted text, smart personalization of law documents is not only saving the cost for the legal department but also reduce the complexity in every step of legal contracts.
Why option for Blockchain legal services
Blockchain legal services are to eliminate the complexity of conventional legal services while security is attained at maximum. This is nothing to do with offering legal service on a blockchain platform. but using blockchain to decentralize the legal processes such as litigation, document review, etc and enable secure documentation in a law firm or legal department of a corporate company. One of the most popular blockchain legal services are commercial agreements for STO/ICO, data security, KYC, AML and compliance services.
Start-ups require legal services for reviewing white papers, commercial agreements, legal binding/non-binding documents, etc. Blockchain services help in defining terms and condition, terms of service and token sale agreement.
Apart from this, blockchain consultations make the statutory compliance easy and manageable. The regulations involved in KYC and AML are complex as they face privacy issues more frequently. Blockchain legal services help in this area of data protection and privacy policies.
Initial coin offering (ICO) details for your business
Blockchain lawyers and legal services
We help with creating and utilizing digital currencies, digital ledger technologies into existing legal firms and help them to regenerate their business practices. We deploy blockchain solutions and integrate digital ledger technologies into existing operations in turn, provide a secure platform to manage, enforce intellectual properties of legal department in your organization. This will create a platform to provide your legal services applying these new technologies.
Digital currency legal consultation
Today, many people invest in Cryptocurrency as Bitcoin, Ethereum are increasingly becoming popular among high end investors. This will soon require a proper framework for the management of the entire blockchain system for cryptocurrency. There are quite a few legal complexities with cryptocurrency management. while people use digital currency as a medium of exchange there must be a legal framework in handling ICO, securities, commodities, currency transfer and prevent money laundering as per the taxation and corporate laws in every country.
Cryptocurrency exchange legal solutions
Customers can trade crypto currencies for other assets like real world money and properties. This includes bit coins and tokens. We are a leading cryptocurrency exchange developer and provide excellent cryptocurrency exchange legal solutions. We help you to safely set forth the legal crypto currency exchange and our proven methods make you achieve success in a short period.Cryptocurrency exchange license with blockchain development service
Our services
Establishing the business
We analyse your business requirements and create the legal frame work with blockchain technology to initiate the processes
Drafting and reviewing contracts
We make sure that legal contracts are perfect and compliant to the legal regulations in several other countries you are giving service 1. Tax issues 2. Registering trademarks and patents 3. Permits and licenses
Token insurance and trading
ICO (Initial Coin Offering) is listed on an exchange and public can buy it which is called a token sale. The investors buy the token from the company’s ICO and they can use it in any manner that they wish be it trading or a form of currency to buy goods and services or can hold as shares. There are two types of tokens one is security and another one is utility. For security token offering (STO) it is necessary that it is transacted under the regulations and complaint with latest laws by country wise. The ICO needs a lot of legal documents for like token sale, terms& conditions, white paper review, articles of association, etc and also during exchange listing for token and coin compliance, DeFi launch and compliance, etc take care by us.
- Token and Coin Compliance
- Decentralized Finance (DeFI) Launch and Compliance
- SEC No-Action relief and FinHUB engagement
- Regulatory Investigations and Defense
- Initial Liquidity Offerings (ILOs)
- Security Token Offerings (STOs)
Crypto currency asset protection
Crypto currency is a financial asset that the buyers and traders can earn more revenue. The value of the Cryptocurrency increases day by day and it is essential to keep them secure as it is like any other physical asset. Hence, it must be protected with legal formalities to ensure the asset is in the right hands. While drafting the asset protection various suggestions are given like offshore trusts, domestic trusts and Titanium trust by the law firms. There are several unique advantages from each type and choosing them mainly depends on the way they work. Cryptocurrency is as eligible as any other physical asset that can face legal action. Defining the legal criteria is the only way to protect the assets from such unnecessary legal actions.
Decentralized autonomous organization (DAO)
These are organizations that abide only by the rules customized in the company’s blockchain network smart contracts without any human intervention. The instructions are executed based on preconfigured rules and as it happens in a central location it enables transparency. The decision making is decentralized and happens is a secure environment. DAOs can have many branches across any number of countries and employees can work in an agile environment. This in turn, comes with the responsibility of preventing any legal issues in the different parts of the world and needs prevention of liability issues in a partnership firm.
KYC/AML compliance for blockchain taxation and platform regulations
Exchange compliance
Cryptocurrency exchange platforms enable trading of cryptocurrencies in different forms like Bitcoin, Ethereum, Litecoin, etc. The trading happens within the platform like deposit and withdrawals done with fiat money. There are no regulations in crypto exchange operations in general but some trading has to follow certain compliances to avoid risk and frauds. For example, KYC, employee onboarding, AML needs compliance standards in place for identity verification and customer authentication and security practices. This prevents cyber frauds and help you stay compliant with the Internal Revenue System (IRS). The crypto exchanges are need to be reported about the transactions and exchange compliance and reports are ready to use with the legal consultations.
General Counsel and Legal Advisory Services
- Money services business (MSB) registration with FinCEN
- Office of Foreign Assets Control (OFAC) Screening and Reporting
- Preparation of Anti-Money Laundering (AML) and Know-Your-Customer (KYC) Compliance Programs
- State Money Transmitter Licenses (MTLs) and No-Action Letters for Bitcoin ATMs, Brokers, OTCs and Crypto Exchanges
KYC/AML compliance for blockchain taxation and platform regulations
Initial coin offerings
Token offering is called Initial Coin Offering (ICO) are done to raise funds for new blockchain companies for cryptocurrency offerings which is similar like crowd funding model for the crypto environment. As with more transparency and immutability anyone can launch ICO using the technology. For this it is important to generate a white paper like PoC to explain about the coin and their value and reasons why someone should fund this project and the form of funding like crypto or fiat money and the crypto currency in the form of coin is exchanged for the fund raised. While creating the ICO you need various legal documents to stay compliant with the digital regulations. Documents with articles of association, tax regulations, employment and service agreements, terms of use, terms and conditions and privacy policy are always a safe play when it comes to ICO.
SEC compliance filings
Public and private companies with certain revenue incomes has to file regulatory documents to the Securities and Exchange Commission (SEC). This is done for the transparency of the information to various stakeholders, analysts and partners. The companies are evaluation by the funding agents through the SEC filings during the investment. As per the SEC most of the cryptocurrencies are not securities as they are decentralized. Also, SEC regulations always updated with new rules and all must be covered while staying compliant. Filing with SEC need legal guidance from start to end and after as it is constant as per the changes in the regulations like annual reports, quarterly reports, stocks buying and selling documents, proxy statements and Schedule 13D, etc.
Resolving Disputes Between Customers and Cryptocurrency Exchanges
- SEC investigations and civil defense
- Securities and consumer class actions
- Business and investment fraud
- Breach of contract disputes
- Arbitration (FINRA, AAA, and JAMS)
- Alternative Dispute Resolution (ADR)
ICO / STO legal consultation
Token sale agreement during ICO and STO projects are done with relevant jurisdictions and applicable laws for the private and public token sale. Drafts are created for terms and conditions and token sale agreement. ICO legal advice and document creation is necessary in protecting the business. Drafting and reviewing of cryptocurrency projects are important as well like project agreements. Tax advising on ICO in another criteria that needs legal aid for both documentation and reporting. Withdrawal of raised funds, Corporate structuring, marketing, white paper legal assessment and token model review can be done.
Legal documentation for digital tokens
There are custom solutions followed for launching digital tokens. The tokenization process is essential while generating concept for utility tokens which is basically tokenization of assets. In the tokenization process the token are issued to digitally represent a real and tradable asset. The initial coin offering (ICO) is the mean to create these blockchain tokens which also means security token offering (STO). This helps to find the difference between STO and ICO. From that equity, utility and payment tokens are created with proper legal documentation at every step to ensure compliance.
Licensing your company
Legal firms help blockchain and cryptocurrency projects to gain compliance with regard to various country’s cyber security laws. This represents investors and customers as high-stake individuals. This should also take care of class action litigation, dispute resolutions between customers and exchanges. The legal firm can also help in P2P traders’ issues and transaction compliance with the bank and guidance of other crypto currency mechanisms and compliance.
KYC & AML compliance
Standardizing KYC/AML documentation for the stakeholders and customers to agree upon certain standards. Ensuring data privacy for the data stored in the blockchain. It involves in protecting client confidential information at a blockchain based KYC/AML. And documentation helps in ensuring the Validity of Verified KYC/AML Data Stored on the DLT Platform. Legal firms reassure the KYC AML of crypto assets, KYC / AML requirements, contract law, international law and blockchain taxation matters, and compliance of the same.
Cryptocurrency exchange license
Cryptocurrencies are regulated in all the countries by the existing laws and license is issued based on the criteria relevant to the different countries. All the procedures must be followed and meet all the requirements to stay complaint with the regulations and get the license. Several documents needed for the license receiving process and blockchain consultants will help you in getting it faster without any fuss. However, the applicant needs thorough preparation to get the licence and these are international. You can come to know about benefits, disadvantages of possible jurisdictions that issue cryptocurrency exchange license by approaching the right blockchain legal consultants.
ICO Legal consultancy
Lawyer firms qualify the utility tokens by making legal consultation and check if they meet standards of compliance. It is a drafted series of documents on the procedures of the client. They are reviewed from the legal point of view. Fresh ICOs are monitored when the token exchanges and other activities happens in the platform. This avoids unnecessary legal issues and unlawful actions and mistakes by the exchange as everything in compliance with the latest regulations. For ICO/STO/IEO it is mandatory to issue crypto currency tokens with proper compliance. Also, the cryptocurrency trading possibilities are established.
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