Blockchain and crypto
In Friis Consultancy we advise blockchain and crypto companies about areas that are particular relevant for companies in the blockchain and crypto industry.
Below you can read about the main areas that we assist blockchain and crypto companies with:
Company Formation
The company formation of a blockchain and crypto company is in many ways similar to setting up a regular company. The main focus area when setting up a blockchain and crypto company is to ensure that the company has the right license to legally provide blockchain and crypto services. For that reason the choice of jurisdiction is important. Furthermore, it is essential that the company will be able to open a business bank account after it has been incorporated.
International Regulations
It is important that a blockchain and crypto company ensures that it is in compliance with international regulations and anti-money laundering (AML) laws. We assist the companies to implement and develop an AML program, conduct risk assessments, Conduct ongoing monitoring and stay up-to-date with regulations.
Token Sales
We assist blockchain and crypto companies with the launch of token sales. In relation to token sales we draft or assist with drafting the token sale agreement. Furthermore, we advice about:
- Regulatory compliance (ensuring the token sale complies with relevant laws)
- Token classification (are the tokens securities, utility tokens, or payment tokens)
- Token economics (total supply, initial price, distribution and the utility of the token)
- Token sale structure (timing, pricing, and vesting schedules for the tokens being sold)
- Token sale platform (selection of a reliable and secure platform)
- Marketing and promotion (ensuring that the marketing material is compliant with the relevant laws)
Whitepaper
A blockchain advisory company typically offers a range of services to help businesses and organizations understand, adopt, and leverage blockchain technology. These services may include:
Blockchain strategy and consulting: Developing a blockchain strategy for your organization, identifying potential use cases, and providing guidance on how to implement blockchain solutions.
Technical consulting: Helping businesses with the technical aspects of blockchain implementation, including choosing the right blockchain platform, designing and developing blockchain applications, and conducting security audits.
Token economics and token design: Providing advice on token economics, such as tokenomics modeling, pricing, and incentives.
Legal and regulatory compliance: Ensuring businesses are in compliance with local and international regulations, including data privacy laws and securities laws.
Smart contract development: Developing smart contracts that can automate and execute agreements between parties without the need for intermediaries.
Blockchain education and training: Providing educational resources, training, and workshops to help organizations understand blockchain technology and how to use it to their advantage.
Business model innovation: Helping businesses leverage blockchain technology to create new business models, products, and services that were not previously possible.
Overall, a blockchain advisory company provides customized solutions to help businesses integrate blockchain technology into their operations and leverage its potential benefits.
A crypto law firm provides legal services related to cryptocurrencies, blockchain technology, and other digital assets. The services offered by a crypto law firm may include:
Regulatory compliance: Advising clients on regulatory compliance requirements in the crypto and blockchain industry, including anti-money laundering (AML) and know-your-customer (KYC) regulations, securities laws, and tax laws.
Initial coin offering (ICO) and security token offering (STO) advice: Providing legal advice on structuring and launching ICOs and STOs, including drafting whitepapers, token sale agreements, and other legal documents.
Smart contract drafting and review: Reviewing and drafting smart contracts, which are self-executing contracts with the terms of the agreement directly written into code, to ensure compliance with applicable laws.
Dispute resolution: Representing clients in disputes related to cryptocurrencies and blockchain technology, including contract disputes, fraud claims, and intellectual property disputes.
Intellectual property protection: Advising clients on the protection of intellectual property related to blockchain technology and cryptocurrencies, including patent, trademark, and copyright law.
Token classification: Advising clients on the classification of tokens as securities or utilities, which can have important legal implications for issuers and investors.
Blockchain and crypto-related litigation: Representing clients in lawsuits related to cryptocurrencies and blockchain technology, including disputes over ownership and transfer of digital assets.
Education and training: Providing educational resources and training to clients on legal issues related to blockchain technology and cryptocurrencies.
Overall, a crypto law firm provides legal advice and services to help clients navigate the complex legal landscape of the crypto and blockchain industry and ensure compliance with applicable laws and regulations.