Navigating Your Crypto Journey in Singapore with Legal Precision
In 2023, the High Court in ByBit Fintech Ltd recognised cryptocurrencies as a form of property. Courts can thus grant proprietary remedies for cryptocurrencies, and in that case, imposed a constructive trust over the stolen assets such that they were held on trust for the claimant, and the claimant could trace the proceeds of those stolen assets.
Our panel of seasoned virtual currency lawyers and dispute management & resolution specialists is well-positioned to assist you navigate these and other complex legal issues and ensure your rights are protected.
In the realm of crypto law, Advomi stands out for its combination of experience and expertise. Through Advomi, you get access to more than just advice. You receive comprehensive Legal Opinions, tailored to the specifics of your token, platform, or service. These opinions detail how various laws impact your business, providing a roadmap for compliance and success.
Why partnering with Advomi?
- Seasoned Counsel: The legal professionals accessible through Advomi have extensive knowledge of Singapore’s crypto laws, including crucial legislations such as the Securities and Futures Act 2001 (SFA) and the Payment Services Act 2019 (PSA)..
- Transparent Pricing: Our fees for Legal Opinions are fixed and upfront.
- Swift Action: Expect quick turnaround times without compromising quality.
The Critical Role of Legal Opinion in Navigating Regulatory Terrain
Launching a crypto business isn’t just about understanding technology; it’s about understanding the regulatory landscape. This is where a Legal Opinion becomes invaluable.
- Legal Clarity: Understand your legal standing in Singapore, eliminating ambiguities and uncertainties.
- Compliance Assurance: Be fully compliant with Singaporean laws to avoid potential legal pitfalls down the line.
- Enable Third-Party Partnerships: Ease the way for future collaborations with crypto exchanges and other third-party platforms.
A well-structured Legal Opinion does more than fulfill a legal requirement. It provides you with comprehensive insights into your legal obligations and opportunities in Singapore, allowing you to plan your business strategy with confidence.