How to do legal compliance for blockchain projects?

Blockchain technology itself does not violate any laws and regulations, so there is no compliance risk. However, in the actual application process, enterprises or individuals using blockchain technology need to comply with relevant legal and regulatory requirements.

For example, in China, the use of blockchain technology for financial transactions or raising funds needs to comply with relevant laws and regulatory policies. In addition, if the user's sensitive personal information is retained on the blockchain, it must also comply with the relevant laws and regulations such as data protection.

Therefore, enterprises and individuals who adopt blockchain technology in the field application not only need to understand and comply with the existing laws and regulations, but also need to pay close attention to the development trend of technology and regulations, and make corresponding adjustments and changes in a timely manner. Only by operating and conducting business in compliance can enterprises develop better and gain a lasting competitive advantage.

Blockchain systems and applications with compliance risks are often associated with the crypto economy, have a strong financial nature, and are prohibited by the state for the sake of financial systemic risks. However, for blockchain applications such as Zhiyun, which focus on empowering the real economy and promoting high-quality economic development, it does not have strong financial bright cave attributes, nor does it involve crypto assets such as cryptocurrencies, so there is no compliance risk.

Yes, the application of blockchain technology may involve compliance risks.

First, in some countries and regions, or regulators may take different positions on digital currencies and other assets based on blockchain technology, and there are certain legal, compliance and policy risks. For example, some countries restrict or prohibit the use of digital currencies and other Bitcoin or blockchain derivatives. Therefore, it is important to consider the local legal and regulatory environment when choosing the scope of application of blockchain technology.

Secondly, there is a trust problem between participants in the private chain or consortium chain, and there are also compliance risks in the construction of the trust mechanism. For example, in the financial sector, banks or other financial institutions need to consider which trust model to use when using blockchain technology to comply with social ethics and legal requirements. For money-related transactions, legal requirements such as anti-money laundering and counter-terrorism must also be met.

In addition, due to the immutable and public nature of blockchain technology, it may inadvertently leak confidential information such as personal privacy and trade secrets, resulting in privacy data leakage and security risks.

Therefore, enterprises and technology companies should carefully assess potential compliance risks and formulate appropriate compliance and security measures, such as complying with legal and regulatory requirements, establishing a sound privacy protection mechanism, and strengthening privacy data protection in multiple dimensions to ensure the compliance and data security of blockchain technology applications.

China is still relatively conservative about doing blockchain projects, and blockchain projects are total.

It involves a derivative industry, that is, digital currency trading, and it is not allowed to do projects in China, so what should I do? You can register a non-profit ** club in Singapore, plus relevant legal opinions to prove that the project you do does not violate the current laws and regulations of Singapore, such as Bytom, Litecoin, etc.

After registering the main body of the ** meeting, it is necessary to do the later legal compliance, the purpose is mainly to draw a clear line with illegal crimes, but I said that it doesn't count. Because digital tokens are indispensable for blockchain, to put it bluntly, digital currency is still driving the popularity of blockchain in China, but what about the facts? Digital currencies are just a small application of blockchain technology.

Due to the particularity of the industry, there are currently no formal laws and regulations to restrict its development, involving a wide range of violations:

Pyramid schemes, illegal fundraising.

Money laundering takes deposits from the public.

Illegal operations. Transnational foreign exchange crime.

Therefore, various countries in the world have different attitudes towards blockchain, and China explicitly prohibits it, so everyone goes overseas to develop projects, such as Singapore, Thailand, etc. The first thing that needs to be complied with is the local laws and regulations, so who has the final say on whether the project is legal or not? Two paths:

Apply for a formal digital trading license or rely on a legal opinion from a lawyer. At present, the latter is the majority, easy to operate, and less costly.

A blockchain project can only operate if it complies with the law, otherwise it is a virtual currency.

Hello, you can ask a professional lawyer to help you. Do legal compliance.

Is this project compliant? Then it depends on whether your platform is compatible or not, and the chairman of the new short department has also said it recently?

We all know that China clearly stipulates that it is not allowed to issue K-chain related projects in the area, which means that China will not have relevant compliance and legal procedures to standardize the development for the time being, then, looking at the world, the United States, Canada, Estonia, Australia, Singapore, Thailand, Japan and many other countries have started the road of compliance supervision and given certain compliance procedures, so, in the case that the exchange and the project party are going to sea one after another, how do we choose the country and what kind of compliance procedures to handle?

First of all, the project party, Singapore is the first choice, because Singapore ** is very supportive of the issuance of projects in the form of public guarantee agencies, therefore, Singapore** will be famous in the circle, in addition to well-known projects have landed, coupled with Singapore's unique geographical advantages, in the Asia-Pacific region as an operation center has a good publicity advantage, other is also a better choice is the archipelago countries, for example, BVI, Cayman, Marshall and other archipelago countries, the policy is more enlightened, itself is a tax-free country, The confidentiality of directors' information, etc., these advantages make many projects that do not want to be exposed a good choice country.

The second is the exchange, because the exchange and the project party are essentially different, the exchange requires a licensed compliance transaction, so the license is to handle the license, the current famous license countries are the United States, Canada, Australia, Estonia, Malta, Australia and other countries, the United States and Canada's policies are basically the same, the reputation is also relatively large, Estonia has a high gold content, is specifically for the number of goods must be licensed, and there is also a wallet trading license, which belongs to the dual license, Therefore, you can choose to apply for a license according to your own situation!

Whether it is a project party or an exchange, compliance development is the inevitable trend of future development, and it is very important to go through compliance procedures not only to avoid risks, but also to operate a compliant management model.

At present, the popular blockchain business in China is suitable for operation on the platform of non-profit organizations of the nature of the first meeting. At the same time, Singapore** not only supports it in terms of policy, but also stipulates that the blockchain ** will be registered and managed by the Accounting and Enterprise Development Authority of Singapore (ACRA) to obtain legal issuance projects, which is one of the reasons why it is necessary to register for the Singapore ** meeting. And blockchain project developers all know that Singapore supports the development of blockchain, has a good policy environment, a mature market, and is mainly cost-effective, and the follow-up legal services are perfect and reasonable.

1.The most prevalent settlement area.

2.**There is a clear regulatory attitude towards ICOs.

3.Proximity to China, open and friendly policy.

4.Shaping the image of corporate public welfare.

5.**Plausible.

Singapore will be registered: provide the name of the company that needs to be registered, and you must also provide the identification documents of two members, one of whom must be a member of Singapore nationality, this can be provided by the ** company, and then choose two business scopes.

1.Company name: provide the company name (our company is free to verify the name), and the name is free.

1) Must be an English name, Chinese name registration is not accepted.

2) Can only be registered in English to Ltdor limited.

3) Registered capital: S$1.

4) Business scope: Our company provides a list of items for selection (no more than 2 items), and special industries need to be specially approved for business scope.

There are two types of charitable organizations.

1) It is a club, such as a hometown association, a alumni association, etc., which is mainly operated by collecting membership fees.

2) It is charity**, mainly through social donations, financing to fund specific groups of people, shareholder director information:

1) Fill in according to the actual situation.

2) Proportion of shares.

Singapore Company Registration Process:

Sign the agreement - provide the establishment information - make the signed document - sign the completion - submit it to the Singapore company for processing - complete the registration - send it.

Hello, China also has a multi-level capital market.

At present, there are national or regional financing trading platforms such as the main board, the growth enterprise board, the small and medium-sized board, the science and technology innovation board, the stock transfer system, the local equity exchange, and the Q board.

In addition, traditional VC and PE investment is also one of the ways to raise funds. In fact, what China lacks most is the financing of start-up enterprises, so the financing difficulties of small and micro enterprises have not been solved well.