As the global landscape for cryptocurrency continues to evolve, countries worldwide are defining their stances on digital assets. Indonesia, with its rapidly growing economy and technological advancements, has been no exception. The regulation of cryptocurrencies in country has become a focal point for both local and international investors. This article delves into the specifics of…
Commonly, legal opinion is what we consider as an experienced lawyer’s advice. It is presented in the form of a document prepared by a client’s requirement. The article will provide you with all interested details regarding the provision of legal consultation. Legal opinion: Why do we need it? Banks frequently demand LOs from risky businesses…
1. Sorts of Commercial Units, Their Homestead and General Charge issues This country offers diverse business units with distinct lawful divisions, including the SA requiring EUR 30,000 minimum capital and the SARL with EUR 12,000, managed by boards of directors. The SARL limits subsidiaries to one hundred and could not trade publicly, while the SCA…
1. Trade License Acquiring a pervasive trade licence is a pivotal step for most commercial functioning in Switzerland. This licence is mandatory that assures your commercial functioning bonds to indigenous market rules and protocols. Here’s what you should know: Submission routine: You can apply for a commercial licence to the local canton’s market branch. This…
This is a new investment opportunity – SPI license in UK for sale. Please check out the main details regarding this proposal below. SPI license in UK for sale: key considerations Small Payment Institution (SPI) in UK for sale; Company was licensed by FCA in 2018; Allowed activities (money remittance, foreign exchange); Company has 3…
Seize the opportunity to effortlessly establish your business in the UK with our ready-made company, complete with premium bank accounts at Barclays and HSBC. Key features Company for Sale in UK with Barclays & HSBC Accounts Company Details: – Incorporated: 2024 – Registered Address: England – Company Type: Private Limited Company – Nature of Business…
Are you ready to establish your business presence in the UK effortlessly? Discover our exclusive offer—a ready-made company with immediate access to Natwest, Revolut, and Wise bank accounts. Here’s what you need to know: Key features Company for Sale in UK with Established Bank Accounts – Company Details: Founded in 2024, work in non-specialised wholesale…
An active transportation company limited by shares (SA) in Switzerland is now available for sale. This company, was established in 2020 and operates in the passenger and cargo transportation sector with a focus on sea and rail transport. Key Features Transportation Company in Switzerland Corporate Structure Form: Company limited by shares (SA) Year of Registration:…
Zurich
+41 435 50 73 23Kyiv
+38 094 712 03 54London
+44 203 868 34 37Tallinn
+372 880 41 85Vilnius
+370 52 11 14 32New York
+1 (888) 647 05 40Before the ICO, investors and representatives of organizations open an account with the bank, its choice is an important step, because of the lack of a legislative framework for this line of business. This phenomenon is called “legal vacuum”. This happens in connection with the rules imposed by financial institutions on the part of accounts in digital currency.
Our specialists will select a bank for each ICO client, organize and control the implementation of the procedure for creating an account. In addition, our specialists will consult on all items that relate to the first placement of the tokens.
The reality is that banks with the ability to service companies with financial assets in the cryptocurrency are usually little-known and young financial organizations. In carrying out such operations, not every bank is able to open an account for the ICO.
In our country and in the world, legal status of the cryptocurrency is not defined and has no clear legal position.
Financial institutions reluctantly take risks, realizing that at any time the bank’s internal policy will change course, and the accounts in the cryptocurrency will be blocked, which significantly increases the risks of such operations.
Our lawyers and in the case of freezing accounts in the cryptocurrency will provide legal support to their clients.
Today, the demand for the market has grown so much that it forces more and more financial institutions to adjust the list of services to the modern needs of the client.
Such banks to date are several of Switzerland, Liechtenstein, Mauritius, Poland, Georgia and Serbia. These are banks that provide a full list of financial services in the crypto currency. Having created an account with these banks, you have the opportunity to transfer the funds collected in the ICO process with the accrual of interest on the deposit and can carry out transactions for the purchase and sale of cryptocurrency.
The main competitive advantage and service of the bank for ICO are credit operations, deposits with interest accrual, like any other current savings account.
Modern analysts of the banking market predict the blurring of the border between the usual for all banking services and other existing finances. The beginning of this process has already been laid. Rapid steps into our life broke online banking and other financial technologies.
The European directive PSD2 has already started to be introduced, which will set a course for the reduction of intermediaries participating in the bank’s operations. Of course, this will give impetus to the development of financial structures. The likelihood of entering the blockage into the banking system familiar to all will soon increase many-fold.
Today, it is this state that leads the way in settling legal issues with cryptocurrencies. 2016 was marked by payments for various types of services by currency bitcoin, which became possible by permission of the representatives of the canton of Zug.
Crypto Valley Association is a progressive independent organization in Zug, created with the support of the government. Eternity Law International is a participant of Crypto Valley Association . Creation of ICO projects, their protection and development in the market is the main goal of this organization.
Now ICO – activity in Switzerland, in particular in Zug, is no longer an innovation.
There are also a number of other organizations whose goal is to develop a digital currency in Switzerland. Eternity Law International specialists constantly conduct discussions and negotiations with such organizations and Regulators of the countries.
Specialists of Eternity Law International offer services to find a suitable bank for ICO, create accounts and any related issues. In addition, our specialists provide legal support services for ICO projects. Contact us for advice.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.