WEB 3.0 & CRYPTO
Legal services for cryptocurrency issuers, DAOs, NFT projects, infrastructure providers, exchanges, miners and other parties in the crypto industry.
Legal services
Arranging for the most convenient jurisdiction for your project
Obtaining crypto licenses in various jurisdictions
Legal support for ICO, IEO and IDO. Development of a token issuance scheme, ensuring compliance with all legal norms
Preparation of the necessary documentation and "legal packaging" of the project for compliment with the conditions of listing on the cryptocurrency exchange
Ensuring legal protection of the interests of team members, including token grants, token option plans, NDAs, insider trading policy, etc.
Ensuring legal protection and security of the intellectual property of the crypto project
Incorporation and legal support for DAOs
Additional legal services
Company formation in Astana International Financial Centre (AIFC)
Legal support
Legal protection for Website
Recent projects
Arranging of a private token sale for a crypto project.
Client
Blockchain startup "CryptoVision," focused on developing a decentralized finance (DeFi) platform.
Objective
Provide comprehensive legal support for the organization and execution of a private token sale, ensuring regulatory compliance, preparation of necessary documentation, and mitigation of legal risks.
Project Overview
"CryptoVision" aims to launch a private sale of its native tokens to raise funds for further development and marketing of its DeFi platform. The target is to raise $10 million through private investors.
Implementation Stages
Outcomes
Blockchain startup "CryptoVision," focused on developing a decentralized finance (DeFi) platform.
Objective
Provide comprehensive legal support for the organization and execution of a private token sale, ensuring regulatory compliance, preparation of necessary documentation, and mitigation of legal risks.
Project Overview
"CryptoVision" aims to launch a private sale of its native tokens to raise funds for further development and marketing of its DeFi platform. The target is to raise $10 million through private investors.
Implementation Stages
- Initial Consultation and Strategic Planning
- Conduct a thorough consultation with "CryptoVision" to understand their project, goals, and specific requirements for the private token sale.
- Develop a detailed legal strategy tailored to the project, including identifying target jurisdictions and potential regulatory hurdles.
- Regulatory Compliance and Jurisdictional Analysis
- Perform a comprehensive legal analysis of relevant jurisdictions to identify the most favorable locations for conducting the private token sale.
- Ensure compliance with international and local regulations, including securities laws, anti-money laundering (AML), and know-your-customer (KYC) requirements.
- Documentation Preparation
- Draft a legally robust Private Placement Memorandum (PPM) that outlines the terms of the token sale, project details, risks, and investor rights.
- Prepare investor subscription agreements, detailing the terms of investment and ensuring legal protection for both "CryptoVision" and its investors.
- Create and review other essential documents, such as the White Paper, Terms of Service, and Privacy Policy, ensuring they comply with legal standards and clearly communicate the project's vision and terms to investors.
- KYC/AML Compliance
- Develop and implement comprehensive KYC/AML procedures to verify the identity of investors and prevent illegal activities.
- Integrate KYC/AML checks into the investment process to ensure seamless compliance without hindering investor experience.
- Investor Relations and Communication
- Advise on legal aspects of communication with potential investors, ensuring transparency and compliance with advertising and solicitation regulations.
- Assist in drafting clear and compliant marketing materials and presentations for potential investors.
- Execution and Support
- Provide ongoing legal support during the private token sale, addressing any legal issues or questions that arise.
- Ensure proper documentation and record-keeping of all transactions and communications with investors.
- Post-Sale Compliance and Reporting
- Assist in preparing and submitting necessary reports to regulatory authorities, ensuring full compliance with reporting requirements.
- Provide guidance on post-sale obligations, including token distribution and ongoing legal compliance for the project's operations.
Outcomes
- Successful Fundraising: "CryptoVision" successfully raised $10 million through the private token sale, securing the funds needed for its platform development and marketing initiatives.
- Regulatory Compliance: The private sale was conducted in full compliance with relevant regulations, avoiding any legal complications or penalties.
- Investor Confidence: The thorough legal preparation and transparent communication with investors built strong trust and confidence, contributing to the successful fundraising effort.
- Operational Continuity: With ongoing legal support, "CryptoVision" continues to operate smoothly, focusing on achieving its long-term business goals while maintaining regulatory compliance.
Conclusion
Through comprehensive legal support and strategic guidance, WCR Consulting ensured that "CryptoVision" could successfully organize and execute a private token sale. This case highlights the critical role of legal expertise in navigating the complex regulatory landscape of the cryptocurrency industry, ultimately contributing to the project's success and growth.
Project listing on a Cryptocurrency Exchange
Client
Tech startup "CryptoFuture," which focuses on blockchain technology development and plans to launch tokens on a leading cryptocurrency exchange.
Objective
Provide legal support for the "CryptoFuture" project in listing its tokens on a cryptocurrency exchange, ensuring compliance with regulatory requirements, preparing necessary documentation, and minimizing legal risks.
Implementation Stages
Conclusion
The client received comprehensive legal support, enabled them to successfully list tokens on a cryptocurrency exchange while ensuring compliance with all legal and regulatory requirements.
Tech startup "CryptoFuture," which focuses on blockchain technology development and plans to launch tokens on a leading cryptocurrency exchange.
Objective
Provide legal support for the "CryptoFuture" project in listing its tokens on a cryptocurrency exchange, ensuring compliance with regulatory requirements, preparing necessary documentation, and minimizing legal risks.
Implementation Stages
- Preliminary Analysis and Preparation
- Conduct a legal audit of the company and the project.
- Assess the legal environment in the jurisdictions where registration and listing are planned.
- Develop a listing strategy, including selecting the most suitable exchange and jurisdiction.
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Documentation Preparation
- Prepare the White Paper from a legal perspective, including project description, use of funds, risks, and legal aspects.
- Draft Terms of Service and Privacy Policy for platform users.
- Develop and agree on contracts with investors and partners.
- Compliance with Regulatory Requirements
- Ensure the project complies with AML (Anti-Money Laundering) and KYC (Know Your Customer) requirements.
- Advise on securities law compliance (e.g., registering tokens as securities if necessary).
- Ensure compliance with cybersecurity and data protection requirements.
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Exchange Registration
- Prepare and submit the listing application for tokens on the selected cryptocurrency exchange.
- Liaise with the exchange at all stages of the listing process, including providing additional documents and clarifications.
- Prepare for audits and inspections by the exchange and regulatory authorities.
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Post-Listing Legal Support
- Advise on ongoing regulatory compliance and changes in legislation.
- Prepare reports and liaise with regulatory authorities.
- Address legal issues related to operational activities on the exchange and interactions with users.
- Legal Security: Minimize legal risks and ensure compliance with all regulatory requirements.
- Process Efficiency: Professional support at all stages of listing, reducing timeframes and increasing the chances of a successful exchange launch.
- Investor Trust: A transparent and legally sound project structure enhances trust from investors and users.
Conclusion
The client received comprehensive legal support, enabled them to successfully list tokens on a cryptocurrency exchange while ensuring compliance with all legal and regulatory requirements.
Advising Founders on Establishing the Legal Structure of a DAO
Client
A group of blockchain enthusiasts and developers intending to create a decentralized autonomous organization (DAO) named "BlockInnovateDAO" to manage projects in the decentralized finance (DeFi) space.
Objective
To provide comprehensive legal consulting services on the establishment and organization of the legal structure of a DAO, including choosing the appropriate jurisdiction, preparing founding documents, and ensuring compliance with regulatory requirements.
Project Description
"BlockInnovateDAO" aims to become a leading decentralized platform for developing and financing DeFi projects, governed by participants through smart contracts and a voting system.
Implementation Phases
Outcomes
Conclusion
Through comprehensive legal consulting and strategic recommendations, the legal consulting firm ensured the successful creation and launch of "BlockInnovateDAO." This case underscores the importance of legal expertise in organizing and managing decentralized autonomous organizations, contributing to the success and sustainable development of projects in the blockchain and DeFi space.
A group of blockchain enthusiasts and developers intending to create a decentralized autonomous organization (DAO) named "BlockInnovateDAO" to manage projects in the decentralized finance (DeFi) space.
Objective
To provide comprehensive legal consulting services on the establishment and organization of the legal structure of a DAO, including choosing the appropriate jurisdiction, preparing founding documents, and ensuring compliance with regulatory requirements.
Project Description
"BlockInnovateDAO" aims to become a leading decentralized platform for developing and financing DeFi projects, governed by participants through smart contracts and a voting system.
Implementation Phases
- Initial Consultation and Analysis
- Conducting an initial consultation with the founders of the project to understand their goals, structure, and project specifics.
- Analyzing existing legal and regulatory requirements applicable to DAOs and discussing potential legal risks and opportunities.
- Jurisdiction Selection
- Researching various jurisdictions for registering the DAO, considering tax, legal, and regulatory factors.
- Providing recommendations on selecting the most favorable jurisdiction, ensuring maximum legal protection and risk mitigation.
- Development of Legal Structure
- Designing the DAO structure, including governance model, rights and responsibilities distribution, voting mechanisms, and decision-making processes.
- Drafting founding documents such as Articles of Association, Policies, and Procedures regulating the DAO's activities.
- Compliance with Regulatory Requirements
- Ensuring DAO compliance with anti-money laundering (AML) and know your customer (KYC) requirements.
- Consulting on compliance with securities laws if DAO tokens may be classified as securities.
- Preparation of Smart Contracts and Technical Infrastructure
- Collaborating with developers to create legally compliant smart contracts governing DAO activities.
- Reviewing smart contracts for compliance with legal requirements and security standards.
- Legal Support for Launch and Operation of DAO
- Providing legal assistance at all stages of DAO launch, including registration, participant recruitment, and initial voting.
- Advising on current legal activities, regulatory compliance, and resolution of legal disputes.
- Education and Training
- Conducting training sessions and workshops for founders and DAO participants on legal aspects of DAO activities and risk management.
- Developing guides and materials for participants explaining their rights and responsibilities within the DAO.
Outcomes
- Successful Registration and Launch of DAO: "BlockInnovateDAO" was successfully registered and launched in the selected jurisdiction, ensuring compliance with all legal and regulatory requirements.
- Transparent and Efficient Governance Structure: The developed governance structure and legal documents provided transparency and efficiency in decision-making and voting processes.
- Participant Trust: Thorough legal work and compliance with all regulatory requirements increased trust from participants and investors.
- Operational Continuity: With ongoing legal support, "BlockInnovateDAO" continues to operate successfully, focusing on DeFi project development and attracting new participants.
Conclusion
Through comprehensive legal consulting and strategic recommendations, the legal consulting firm ensured the successful creation and launch of "BlockInnovateDAO." This case underscores the importance of legal expertise in organizing and managing decentralized autonomous organizations, contributing to the success and sustainable development of projects in the blockchain and DeFi space.
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