What are the most common Blockchain legal consultations?
The term Blockchain legal services does not refer to legal services performed on the blockchain or to the application of blockchain technology to the legal sector in general. This term refers to traditional legal services like consulting, document review, and even litigation for entities working with blockchain technologies. The blockchain legal services and consultations most often requested by our clients are:
- Advice on white papers and commercial agreements for STO / ICO
- KYC, AML and data protection compliance services
The most common legal services, especially for startups in blockchain technology, are the design or review of white papers, commercial agreements, prospectuses and other legal binding or non-binding documents. These are often referred to as Terms & Conditions, Terms of Service, or Token Sale Agreement.
The services focused on statutory compliance are no less important. Navigating the web of each country’s n Know Your Customer (KYC) and Anti-Money Laundering (AML) rules requires a trusted advisor to chart the way. These regulations frequently involve complex identification procedures for partners or customers and these in turn raises privacy issues. That’s why privacy policies and data protection in general are also common subjects of blockchain legal services.