Eternity Law International News Legal opinion in Fintech

Legal opinion in Fintech

Published:
May 2, 2023

A legal opinion is provided for companies that need info about a specific subject or technology to work in their area of business. Most corporations need legal opinions for forex trading or other e-commerce in writing. It is prepared only after a request is received. The opinion is provided only to the party who requested it.

Depending on the quality of the prepared opinion, the initiator can be convinced that the dealing is transparent and it must be concluded. Also, this doc allows us to comprehend the legal basis for the application of fintech technologies and the possibilities of their processing.

A document of this format is very important because new technological innovations and opportunities are especially frequent in the fintech-sphere.

Why corporations need legal opinions for forex trading

Legal analysis of various technologies is extremely important for the development of corporations in the financial sector.

Also, with the help of such analysis, corporations operate in the legal field and do not violate the laws that govern any business in the world.

For the fintech sphere, one of the main things legal opinion for crypto to prepare is the study of payment processing technologies, blockchain, and the provision of various electronic dealings. This will help structure the business and work exclusively in the legal field.

Also, the legal analysis will help corporations work with intellectual property, creating new technologies and know-how to keep important assets. In addition, this document will help avoid influence attempts by unscrupulous investors and protect your commercial projects.

What spheres of fintech can be consulted in

This document is most often required in the fintech sector. In the case of such transactions with Fintech legal advice will support identifying prohibitions on the provision of services from the selected companies.

It is also possible the process of providing services to foreigners to buy or sell currency. The permitt opinions in this case can be requested from the companies, whose payment systems are used for the transfer of funds, as well as from acquirers or banks. In addition to this legal fintech opinion should be demanded:

  • forex brokers;
  • companies working with binary options;
  • gambling and betting companies;
  • cryptocurrency`s exchanges.

In each of the above-mentioned spheres there are issues where legal advice is indispensable and turning to experts will only help to get the right picture of the work and cooperation in the chosen working niches.

The legal`s opinion process

The approach of obtaining a legal`s assertion from FinTech Legal Services takes place in several stages. Initially, clients apply to the corporations and bid to clarify all the points and detect probable legal threats in the draft agreement. During the initial data review stage, the executor has to furnish references to the docs, based on which the project or contract in question was created. In conclusion, the performer must be sure to prescribe references to the applicable.

When drawing up the conclusion executors avoid ambiguous expressions and conclusions. Otherwise, there will be a lot of inaccuracies and ambiguities. Also, the quality of the conclusion will not be speculation on the part of lawyers but only references to legal documents.

Who can help provide a permitted assertion

A permitted opinion is an extremely important doc`s and its preparation can only be entrusted to professionals.

Our employees have many years of experience in international consulting and lawful services. We operate in different markets and are ready to advise clients on all types of fintech transactions. To organize a consultation, you can call one of our offices or fill out a special application form on our website, and our employees will contact you.

You could be interested

Company registration in the Netherlands

The Netherlands is one of the most respectable and prestigious jurisdictions in Europe. The Dutch jurisdiction is very beneficial and convenient for the development of foreign companies. And thanks to the changes made to the legislation in 2013, the registration procedure was simplified as much as possible, which allowed foreign entrepreneurs to create companies in...

What doesn't BaFin do?

The Federal Financial Supervisory Authority, better known by its abbreviation BaFin, oversees banking institutions, FSPs, private insurance firms, and securities dealers. This authority is also in charge of ensuring consumer security in these fields. But there are certain legit restrictions to the extent to which BaFin is mandated to help customers. Figure out the sectors which BaFin...

ISO 27001: Information Security

ISO 27001 allows you to establish risk evaluation mechanisms, draw up reports and treatment plans. Over time, the nature of threats in the system can change. As a result of controls carried out using ISO 27001, risks can be reduced or severity can be reduced. Therefore, the activity of monitoring the risks of enterprises is...

Company registration in Estonia

Estonia is a country with a very attractive economic environment, which, in turn, creates a favorable environment for investment. Estonia is actively developing fin-tech technologies, offers zero tax rates and acts as one of those jurisdictions that have never been included in any “black lists”. A company based on the territory of this state gets...

Company registration in Australia in 2023

Company registration in Australia is a rather simple procedure. To form a new presence or expand an already existing business within this market, it is essential to meet the set of legit terms and conditions which we will consider below. Given that it is Oceania’s largest country; it is a good place for business startups....

Offshore company Gibraltar

OFFSHORE COMPANY Gibraltar – OFFSHORE COMPANY GIBRALTAR – OFFSHORE COMPANY GIBRALTAR – OFFSHORE COMPANY REGISTRATION ON GIBRALTAR The cost of registration 1 900.00 EUR The cost of renewal 700.00 EUR Number of Directors 1 Corporate tax 0.00% Paid up capital 0.00 Requirements for mandatory reporting No Gibraltar is a disputed island that is officially under...
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof

Kyiv

Baseina street, 7

London

Grosvenor Gardens, 52

Washington

1629 K St. Suite 300 N.W.

Vilnius

Gediminas Avenue, 44A

Tallinn

Kesklinna linnaosa, Tuukri 19

Edinburgh

Lochrin Square, 1

Nicosia

Jacovides Tower, 5 floor

Riga

Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard

Sydney

20 Martin Place

Porto

2609 Avenida da Boavista
Calls are made only from Portugal

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7