Why does a blockchain-project need to obtain Legal Opinion?
A legal opinion is required for the legal work of an organization in a particular jurisdiction.
A legal opinion is necessary to confirm the compliance of the business model of the project with international and national standards. Being a reliable source of information about all legal subtleties of the problem under consideration, the legal opinion has the force of an official legal document.
Obtaining a legal opinion is an obligatory step to the legal launch of a project in a new jurisdiction.
5 reasons why eCoinomic.net platform obtains legal opinions in different jurisdictions
1. Information. Legal systems of countries, where we are going to provide our services, differ from each other. We need to receive information about the main principles and rules that will regulate our activities in each country.
2. Organization. Due to the researches received from distinguished law firms of different jurisdictions, our managers are able to make decisions about the most appropriate business model in each country and minimize the risks to all parties.
3. Procedure. Legal opinions from different jurisdictions give us a blueprint for actions. Should we establish a legal entity in the country to act as a creditor? What licenses/authorizations do we need to obtain to provide our services? What documents should be arranged? What time will all the procedures take? All these questions are clarified in legal opinions.
4. Transparency. With the assistance of legal opinions that we have obtained, our potential clients and partners can develop a comprehensive understanding about the activities of the eCoinomic.net platform in their jurisdictions.
5. Horizons. It is not a secret that the issues connected with cryptocurrencies and ICOs are grey areas in many jurisdictions. With the help of the most respectful law firms around the world, we are trying to figure out a solution to make our business model viable regardless of possible regulatory changes”
eCoinomic.net already has a legal opinion for working in Europe, Vietnam, Kazakhstan and Korea. And soon will be more.
