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What is Know Your Customer (KYC) and why is it essential for cryptocurrency exchanges?
What is KYC?The “Know Your Customer” (KYC) process mandates that financial institutions identify and verify the identities of their clients, as well as understand the nature of their business activities. Traditional KYC involves due diligence measures, ongoing checks, and monitoring as clients use the firm’s services. It’s crucial in finance because criminals use various strategies…
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Legal support for token sales procedure
Token sales have become an integral part of the Web3 world. They are an effective tool for attracting investments in projects that work with cryptocurrencies and blockchain. However, before launching your own token sale, it’s essential to understand the legal nuances to avoid problems and ensure the legality of your project. Imagine you’re building a…
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Legal Aspects Checklist for an NFT Marketplace
With growing consumer, asset manager, investor, and entrepreneur interest in digital assets, we have compiled this checklist to monetize items with unique artistic characteristics through non-fungible tokens (NFTs). Key Factors When Building an NFT Marketplace: Company Formation: To protect your business and increase its creditworthiness before attracting external financing, creating a separate legal entity is…
