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Assessment of the project’s readiness to meet the requirements of the VAITOS Act 2021 and related AML/CFT obligations. Identification of compliance gaps and preparation of a corrective action plan.
Preparation of the document package, support with application submission, advice on review procedures, and assistance in communication with competent authorities.
Development of the issuer or operator structure, allocation of roles and functions, and preparation of corporate resolutions, agreements, and internal documents.
Analysis and preparation of the white paper, disclosures, risk statements, user terms, privacy policy, and related documents.
Determination of the token’s legal nature and assessment of the risk of its classification as a security or another regulated instrument.
Preparation of procedures for customer and counterparty identification, sanctions screening, transaction monitoring, data retention, and reporting.
Advice on updates, notifications, periodic reporting, maintenance of internal policies, and preparation for requests from the regulator or banks.
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ITO is a mechanism for raising funds through the issuance and placement of digital tokens using blockchain technology. Depending on the project structure, ITO may fall under various regulatory regimes.
Yes. Legal evaluation is necessary to determine the token's status, choose the jurisdiction, comply with AML/KYC requirements, prepare documentation, and minimize regulatory risks.
Differences depend on the token's legal model, issuance structure, and applicable regulation. In some cases, tokens may be regulated as virtual assets, utility tokens, or securities.
Typically, the project will need a white paper, risk disclosures, user agreements, privacy policies, AML/KYC procedures, and corporate documentation.
Popular jurisdictions include Mauritius, UAE, Singapore, certain EU countries, and other jurisdictions with favorable digital asset regulation.
Key risks include incorrect token classification, regulatory non-compliance, insufficient compliance measures, banking restrictions, and difficulties with international scaling.
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