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With the development of blockchain, there are more and more ICO projects and exchanges in the blockchain instry. How should so many projects develop in compliance

the current blockchain project compliance is divided into two sections:

first, blockchain coin project compliance: Foundation + legal compliance opinion:

in addition to Singapore, the United States and the United Kingdom have more choices. The registration fees of these two countries are low, and the registration process is simple. However, if the currency is issued by the exchange later, the United Kingdom and the United States can not provide the corresponding legal services

from the perspective of compliance in the later stage, we should choose Singapore foundation

the government of Singapore not only supports the government policy, but also stipulates that the blockchain foundation can be registered and managed by acra to obtain legal issuance projects, which will make Singapore a financial technology center and blockchain technology center in the next world with its own competitiveness. Therefore, Singapore can be said to be a paradise for blockchain entrepreneurs

advantages of registering Singapore Foundation:

first, non-profit public companies are easier to let investors trust than ordinary companies.

Second, the government supports the development of blockchain, and the policy environment is good.

third, the market is mature, and the follow-up legal services are perfect.

Fourth, excellent and well-known projects are also in Singapore: for example, Laite coin, which is better than the original chain, Fifth, the price is reasonable and cost-effective. Sixth, local lawyers in Singapore can issue relevant legal opinions according to the needs of the project parties to prove the compliance and legality of the project Ordinary companies are not allowed to issue legal opinions)

how to register the Singapore foundation and what information should be provided

1. Provide company name

2. Information of two registered members, one Singapore director, registered address in Singapore, Singapore Secretary (nominal)

3. Business scope

4. Registered capital: default 1 Singapore dollar

after the registration of the main foundation, it is not the end, but just the beginning. After the registration certificate and other documents come out, the professional lawyers of the bar association of Singapore also need to modify and issue legal opinions according to the project plan, which is commonly known as the white paper. To prove that the project is in accordance with the laws of Singapore and can carry on business normally

as we all know, it is forbidden to issue xunihuobi in our country. The legal opinion is in line with the laws of Singapore, and it depends on the legal proceres. The legal opinion can only be issued by a lawyer who meets the requirements. In addition, the white paper is in compliance. The legality of the white paper written by him cannot be guaranteed, and if he is not a lawyer, he does not understand the laws of Singapore, This is very important; Another aspect is for investors, to have legal documents to prove that the project is legal in Singapore, investors will be more assured, then they need some supporting documents

to register a foundation is only the first step, and the most important thing that needs to be done next is cooperation&# 8204; Yes,

now the bigger exchanges need you to issue legal compliance to let you go to the exchange. Therefore, the legal opinions needed to go to the exchange are actually a general term. The legal compliance actually includes several items, such as token non securitization certificate, white paper compliance, private placement terms, public offering terms, etc. Most of these exchanges will require token non securitization certification, and the white paper is equivalent to a normal business plan. After it is written, it needs professional Singapore lawyers to modify it, which is in line with Singapore's laws and regulations. Most companies on the exchange will choose to give legal opinions

the white paper has four main functions

first, it reports to MAS in Singapore, and is not afraid of being investigated in the future

thirdly, it is necessary to use in the stock exchange

there is also a token filing (non securitization certificate filing), and Singapore lawyers only need to provide a white paper, articles of association, registration paper and registration certificate to prevent MAS verification of monetary authority of Singapore

as one of the important compliance documents of the platform. It is equivalent to a business license. In particular, after Huoyuan won the Japanese license, the US license and applied for the Canadian license, the license was pushed to a new height. Obtaining the US MSB license also means that the company can reasonably conct business in most states of the United States. This is the reason why the major platforms have started to apply for licenses. If they want to carry out business formally and legally, they have to apply for licenses

for example: MSB digital currency exchange license in the United States, MTR digital currency + Wallet al license in Estonia, austrac digital currency license in Australia, etc

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3. It can increase the trust of customers, enhance their visibility, and also make the platform develop better and faster in compliance

advantages of MSB license

1. Investor recognition - the company law and financial instry supervision in the United States are very perfect. With the U.S. license, your digital currency trading platform will be more recognized by global investors

2. Get authoritative approval - with the authoritative approval of the U.S. Treasury Department, you can carry out relevant business in the United States and around the world, which represents the compliance supervision of the digital currency platform

3. Becoming a first-line platform -- MSB license is also a standard license for global digital currency trading institutions. Coinbase, bitfinex, poloiex, hotcoin.com, OK, coin security exchange and other platforms all hold this license to operate

4. Diversified services - MSB license allows currency exchange and delivery services, so that you can better meet customer needs and provide more diversified services

why the license plate is so important for the trading platform? First of all, people in the traditional foreign exchange circle know that the foreign exchange platform has the importance of supervising the license plate. Even this traditional mode will create the future trading platform. Therefore, license plate is bound to become a trend of development

Hello! Glad to answer your question

the US MSB (money services business) license is a financial license supervised and issued by FinCEN (financial crime enforcement agency under the US Ministry of Finance). The main objects of supervision are businesses and companies related to money services. The scope includes international remittance, foreign exchange exchange,

currency transaction / transfer (including digital currency / virtual currency), ICO issuance, provision of prepayment

items, issuance of traveler's checks, etc. Companies engaged in the above-mentioned related businesses in the United States must apply for MSB license to operate legally

first of all, let's understand the function of the MSB license plate

1. It can legally carry out currency trading and legal currency trading business

2. Increase the reputation of the exchange and make investors more confident

3. Materials required to prove the legal and compliant operation of the exchange and avoid risks

license application work includes:
financial business scheme design of MSB license
preparation and writing of application materials
submitting the application for MSB license to the US Treasury Department
ring the application process, Responsible for answering questions raised by the U.S. Treasury and FinCEN
if the U.S. Treasury Department and FinCEN require us to provide other documents or relevant instructions, we will be responsible for writing and submitting them, such as proct closure statement
after the completion of the processing, the license number and other information can be inquired through the website of MSB of the U.S. Department of the Treasury

welcome to ask

Information required for registration:

is as follows:

listed below; Bermuda, the British Virgin Islands and the Caymans are the three major offshore places of registration. The different conditions of companies can be compared, and the country suitable for you can be considered comprehensively 2. British Virgin Islands: Board meetings do not have to be held in the British Virgin Islands. Each director must receive notice of the meeting three days before the commencement of the meeting. The quorum of the board meeting shall be prescribed by the company's memoranm or articles of association. The directors may also act with the written consent of a majority of the directors
3. The meeting of the board of directors must be held in the Caymans every calendar year. The board of directors may entrust an agent to attend the meeting. Notice of the meeting shall be given in accordance with the articles of association. Unless otherwise specified in the articles of association, a meeting of the directors or other committees may be validly convened when only one director is present< Bermuda: overseas companies must hold a general meeting of shareholders every calendar year. Unless otherwise specified in the articles of association, the general meeting of shareholders can be held effectively if only one person is present. The notice of the annual general meeting or special general meeting of shareholders shall be delivered at least five days before the commencement of the meeting, and the notice less than five days shall be approved by the shareholders. The articles of association may provide for a longer period of notice. At the request of the shareholders holding not less than 10% of the paid principal of the shares, the directors shall preside over the special general meeting of shareholders. The general meeting of shareholders may be held in Bermuda
2. British Virgin Islands: international business companies do not have to hold an annual general meeting. The minimum period of notice of the general meeting of shareholders is seven days. The memoranm or articles of association may provide for a longer period of notice. According to the written request of shareholders holding more than 50% of the voting rights (a lower proportion may be specified in the memoranm or articles of association), the directors shall preside over the special general meeting of shareholders. The general meeting of shareholders may not be held in the British Virgin Islands
3. Cayman Islands: overseas companies do not have to hold an annual general meeting. Unless otherwise specified in the memoranm and articles of association, the minimum period of notice of the general meeting of shareholders is five days, and the general meeting of shareholders may be convened by three shareholders. The general meeting of shareholders may not be held in the Caymans< Bermuda: the company should have at least 12000 US dollars of issued capital. No bearer shares and no par value shares are allowed. Shares may be issued at full price, at a price difference or at zero price
2. British Virgin Islands: there is no minimum rated capital or issued capital. An international business company must be a joint stock company and may issue registered or unregistered shares, regardless of whether the shares have face value or not. Shares must be issued at full price, but they can also be issued with promissory notes or other written debt repayment commitments
3. There is no minimum rated capital or issued capital in the Caymans. The annual government fee payable by the company is based on its rated share capital (up to US $50000). Bearer shares and non par value shares are allowed; It can be issued at full price, differential price or zero price< Bermuda: overseas companies should pay fees in January of each year (if the establishment date is after August 31, then the fees in that year will be halved) based on the amount of rated capital and the premium of stock issuance, with a minimum of US $1780 and a maximum of US $27825. The company must submit an annual income return, listing its main business (according to relevant classification regulations), detailing the company's assessable capital for the year before August 31
2. British Virgin Islands: international business companies are required to pay a fee to the Companies Registry of British Virgin Islands on May 31 or November 30 of each year (depending on whether the date of establishment is in the first half or the second half of the year) from the date of establishment. The charging standard is based on the sliding calculation of the capital stock: a. the capital stock is equal to or less than US $50000, and the fee is US $350. b. If the capital stock is more than 50000 US dollars, 1000 US dollars shall be paid. c. No annual income return is required
3. Cayman Islands: overseas companies are required to pay a fee at the time of establishment and in January of each year thereafter. The payment standard is based on the type of company and the amount of share capital. In January of each year, overseas companies are required to complete income returns. In addition, overseas companies need to confirm that there is no change in the company outline, that the company's business is mainly concted outside the Caymans, and that at least one board meeting is held within the Caymans< Bermuda: no tax is levied on overseas companies or their shareholders except Bermuda residents. Overseas companies can apply to the Ministry of finance, and are likely to receive a commitment from the Ministry of finance of Bermuda. The commitment can make it clear that even if Bermuda's legislation stipulates in the future that taxes should be calculated on the basis of profits, assets, income or appreciation, or on the basis of real estate or inheritance property, such taxes will not apply to overseas companies and their business activities before March 2006, It also does not apply to the company's shares, credit debts and other debts. These taxes only apply to residents who live in Bermuda, hold shares, credit debts or other debts of the company, or lease or transfer land to the company
2. British Virgin Islands: no tax is levied on international business companies or shareholders of companies residing outside the British Virgin Islands. The government of the British Virgin Islands does not guarantee or guarantee that it will not levy taxes in the future
3. The Caymans: the Caymans do not tax overseas companies and their shareholders. Overseas companies have the right to obtain assurance from the government of the Caymans islands that the Caymans legislation on Taxation of profits, income, earnings and value added, as well as the legislation on Taxation of real estate and inheritance, will not apply to overseas companies, nor to their shares, nor will it be levied by way of withholding