Companies working in Blockchain and cryptocurrency related domains presently operate in a dynamic sphere of regulatory uncertainty which requires them to always be on their toes. In addition to the cryptocurrency specific regulations, licencing and regulatory requirements under different areas of law including corporate laws, taxation, banking and payment regulations, foreign exchange management etc. may apply to crypto projects depending on the business activities of the projects. Compliance obligations under different statutes can different in nature and may broadly be categorized into compliances related to registration or licence, maintenance of record/register, filing or forms/returns, deposit of recurring fees, display requirements, technical security standards or procedural compliances.
OUR SERVICE OFFERINGS RELATED TO REGULATORY COMPLIANCE INCLUDE:
- Advisory and support in obtaining regulatory licence, approval and registration before various regulatory authorities in India and abroad
- Project review and advisory on regulatory compliance requirements
- Providing list of applicable regulatory compliances and implementing operational control mechanism to ensure compliance
- Liaising with regulatory authorities
- Drafting and filing applications and forms with regulatory authorities
- Representation before different regulatory authorities
RECENT BLOGS
Lessons from the FTX Collapse
Lessons from the FTX Collapse The FTX collapse is a major blow to the crypto industry. It is a reminder that the industry is still in its early stages and
De-freezing bank accounts of crypto P2P traders: A Legal primer
De-freezing bank accounts of crypto P2P traders: A Legal primer Introduction Peer-to-Peer (P2P) crypto transactions executed by Indian traders have reportedly increased significantly in the last few years. These P2P transactions
FIU Registration of VDA Service Providers
FIU Registration of VDA Service Providers Introduction Regulatory landscape for cryptocurrencies i.e. virtual digital assets (VDAs) has significantly evolved in India in the last two years. Though a VDA specific
Are Payment gateways ‘reporting entities’ under PMLA?
Are Payment gateways 'reporting entities' under PMLA? Introduction Should a word or a phrase defined similarly in two different statutes be interpreted differently? Hon’ble Delhi High Court has answered this
An Overview of DAO Legal Wrappers
An Overview of DAO Legal Wrappers Exploring the Benefits of DAO Legal Wrappers for BusinessesBusinesses are increasingly turning to decentralized autonomous organizations (DAOs) to take advantage of the many benefits