Lawyers in the Field of Cryptocurrency from Dextra Law – Comprehensive Support for Your Crypto Business
The Role of a Crypto Lawyer: Why Is It Important?
The cryptocurrency market is rapidly evolving, presenting unique legal challenges. A crypto lawyer plays a crucial role in ensuring the legality and security of a business. They help companies operate within the law, properly draft documents, select optimal jurisdictions for licensing, and protect the interests of companies and investors in case of disputes or legal proceedings. Professional legal support is key to successfully and safely running a crypto business, especially in an environment of constant regulatory changes.
Legal Status of Cryptocurrencies in Ukraine: Current State and Prospects
Ukraine is making significant strides in regulating cryptocurrencies through the Law “On Virtual Assets”. Under this law, cryptocurrency is defined as a non-material asset recorded in a distributed ledger. However, for the law to function fully, amendments to Ukraine’s Tax Code are required, which are currently under review by the Verkhovna Rada (Parliament). This indicates Ukraine’s potential to become a favorable country for crypto businesses, attracting investments and fostering the development of an innovative economy.
Legal Support for Cryptocurrency Projects
Launching a crypto project requires thorough legal support. Dextra Law provides:
- Company registration for businesses involved in cryptocurrencies.
- Obtaining special licenses for exchanges, brokers, and crypto wallets.
- Preparation of internal documentation (Terms of Use, Privacy Policy, AML/KYC policies).
These steps are essential for ensuring the legality and transparency of the business, which is critical for gaining trust from investors and regulators.
International Licensing for Cryptocurrency Businesses
An essential factor for crypto business success is obtaining the appropriate licenses. The most popular jurisdictions for licensing include:
- Estonia – Licenses for cryptocurrency exchanges and wallets (available via e-residency).
- Malta – Licenses for crypto exchanges, brokers, and investment crypto funds.
- Switzerland – FINMA licenses for crypto banks and exchanges with strong reputations.
- Singapore – MAS licenses allowing a wide range of financial services in the crypto sector.
- USA – SEC and FINRA licenses for digital asset operations.
Each jurisdiction has its own advantages and requirements, so selecting the optimal one for your business is crucial.
Smart Contract Development and Analysis
Smart contracts are the foundation of many crypto projects. They automate contract execution, reducing costs and increasing efficiency. However, poorly developed smart contracts can lead to serious legal consequences. Dextra Law conducts legal analysis of smart contracts from the perspective of Ukrainian and international law, helping businesses mitigate risks and protect the involved parties.
Investor Protection in Crypto Projects
Investors often face risks such as fraud or contract violations. Dextra Law provides legal support for investments, creates protection mechanisms, and represents clients in disputes or litigation. This includes drafting investment agreements that maximize investor rights protection.
AML/KYC Compliance in the Crypto Sector
AML (Anti-Money Laundering) and KYC (Know Your Customer) regulations are critical components for running a legally compliant crypto business. With increasing regulatory attention on cryptocurrencies, compliance with these standards is not only mandatory but also key to building trust among clients, investors, and financial institutions.
Dextra Law specializes in developing and implementing AML/KYC policies that comply with international standards, particularly FATF (Financial Action Task Force) recommendations. Our experts help crypto companies establish effective mechanisms for customer identification, transaction monitoring, and financial crime prevention.
AML/KYC compliance includes:
- Developing custom AML/KYC policies tailored to the company’s activities and jurisdictional requirements.
- Implementing KYC procedures such as document collection and verification, income source analysis, and risk assessment.
- Setting up transaction monitoring to detect suspicious activity, including large transfers, high-risk transactions, and operations linked to sanctioned countries.
- Ensuring FATF compliance, including the Travel Rule, which requires financial institutions to share transaction details.
Adhering to AML/KYC standards helps companies avoid regulatory sanctions (such as fines, business suspension, or license revocation) while also building credibility with clients and investors.
Legal Audit of Cryptocurrency Exchanges and Payment Services
A legal audit helps identify hidden risks, improve internal processes, and ensure compliance with global regulations. Dextra Law conducts comprehensive audits, including documentation reviews, internal procedure evaluations, and AML/KYC compliance checks.
Unblocking Frozen Crypto Assets
Crypto assets can be frozen for various reasons, including AML checks or sanctions. Dextra Law assists clients in identifying the reasons behind asset freezes, preparing legal arguments, and engaging with regulatory authorities or exchanges to facilitate asset recovery.
Intellectual Property Protection in Blockchain Technology
Registering a crypto brand as a trademark is an essential step in protecting intellectual property rights. Dextra Law provides assistance with trademark registration and ensures legal protection in cases of infringement.
Legal Support for ICO/IEO/STO Projects
Crypto projects (ICO, IEO, STO) require professional legal support to ensure compliance with international regulations. Dextra Law assists in preparing all necessary documentation, including:
- Whitepaper (detailed project overview).
- Token Sale Agreement (terms for investors).
- Terms of Use and AML/KYC policies.
Additionally, we provide guidance on token structure, regulatory compliance, and risk mitigation.
Dispute Resolution for Cryptocurrency-Related Cases
Dextra Law actively handles crypto-related disputes. Our lawyers represent clients in court cases, alternative dispute resolution, negotiations, and mediation, ensuring strong protection of their rights and interests.
Benefits of Working with Dextra Law in the Crypto Industry
- Comprehensive legal support for your cryptocurrency business.
- Deep knowledge of crypto law and international regulations.
- Personalized approach and expert assistance at all stages of crypto project development.
Contact Dextra Law today to get a reliable legal partner for your crypto business!
Useful Links to Regulatory Documents
FAQ (Frequently Asked Questions)
Yes, in many countries, cryptocurrency operations require special licenses. The most popular licensing jurisdictions include Estonia, Malta, Switzerland, Singapore, and the USA.
Cryptocurrency-related income is subject to taxation and must be declared according to Ukraine’s Tax Code. It is necessary to report profits from selling or exchanging crypto assets.
If your crypto assets are frozen, seek legal assistance to determine the cause of the freeze, prepare legal arguments, and file appeals with regulators or crypto exchanges to recover your funds.
The key documents for an ICO project include:
Whitepaper (project description).
Token Sale Agreement.
Terms of Use.
AML/KYC Policy (compliance with anti-money laundering laws).
These documents ensure that the project meets international regulatory standards.
To protect a cryptocurrency name or brand, it is recommended to register it as a trademark. This provides legal protection against unauthorized use.
