If the SEC knocks on your door, is your ICO safe?
IBC Group has expanded to offer a variety of legal consulting and audit services designed to help keep leading cryptocurrency projects safe when they operate or offer sales in the United States. It’s one of the biggest markets in the World, and there are plenty of hungry investors and token buyers, but it’s also an increasingly complex market.
Your ICO needs smart legal protection and support to ensure that you can properly collect funds, distribute tokens, and perform outreach that doesn’t violate the law. Sometimes, it is as complex as the structure you use to create your ICO, and other times it can be simply using the wrong word in your whitepaper that’ll put you in hot water.
The IBC Group’s Legal Audit Services are here to help you stay safe and thrive in the markets you want to operate.
Why It Matters
The SEC Is Actively Fighting ICO Fraud
The U.S. Securities and Exchange Commission (SEC) has recently stepped up its reviews of ICOs to ensure that companies are properly discussing their products and tokens, and when claims are false, or advisors are acting inappropriately.
The SEC is also reviewing and updating its guidance about how to treat cryptocurrencies, and it is falling more and more in-line with its securities regulations. This move is causing some cryptocurrency initiatives to try and create “utility tokens” that would be classified separately, but that is a tricky endeavor and requires a serious legal audit service to make sure you’re operating correctly.
The risk of fraud and improperly constructed businesses is real.
So far, 2018 has seen a sizeable number of reviews, audits, and subpoenas from the SEC for a variety of ICOs. The regulator has also charged many different ICO projects with fraud based on their promises and how they operated. Centra Tech Inc. might be one of the more headline-grabbing cases as its co-founders have been charged with fraud and its use of celebrities made it a significant concern.
This shows that the more buzz and attention you’re able to gain for your ICO, the more likely it is the SEC will perform an audit of your operations.
We all want to run and provide the biggest ICO we can, so work with IBC Group’s legal audit services to ensure that your business is protected.
What We Do
The IBC Group is a global blockchain consulting initiative led by experts in all points of the blockchain, cryptocurrency, and ICO realm. We offer complete ICO services and development tools, token and blockchain creation support, as well as a variety of over-the-counter services and support tools.
In the legal space, we provide auditing and review services designed to ensure that you’re protected and able to offer your tokens and ICO activities in leading markets. We’re seeing governments around the globe try and determine how to react to ICOs and cryptocurrencies, so our network of global experts is constantly refining what we do and how we advise, ensuring you are secure.
Get Started Now
With a variety of successful ICO launches under our belt, IBC Group has shepherded many projects from creation through implementation and multiple funding vehicles and rounds. Our cross-domain support has highlighted a variety of best practices to make each launch successful and valid in whichever market(s) you target.
Plus, we’ll keep it simple for your team. We can walk you through every decision in a way that’s clear, logical and straightforward. No legalese or contracts the size of a mountain that can’t be understood in your lifetime.
It starts with a simple conversation where you tell us about your project. Try that here.
Legal Audit and Consulting Services We Offer
- Offering structure review
- Token creation and distribution compliance support
- White paper reviews and suggestions
- Ensuring required elements are properly constructed — Purchase Agreements, Privacy Policies, Terms of Use
- Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance
- Third-party agent support and escrow services
- Full business model review to identify legal and business-focused risks and opportunities
And many more…
Post-ICO Support Tools Too
Legal protections must extend beyond your ICO to keep your business safe and healthy. Growth requires established best practices and governance, so you don’t fall out of compliance and put all your hard work at risk.
When your ICO is finished, the work has only just started, and our support has only started too. IBC Group offers continual support to help your business development and sales teams expand your reach, even into new markets or onto new exchanges. Reach each milestone with peace of mind and quickly adjust to any new regulations that may occur.
The SEC may change its mind and issue new guidance tomorrow. All of IBC Group’s customers will be prepared and safe.
Will you?
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Australian Partner Office
Unit 1/ 24 London Drive,
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+61 3 8609 2210
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1679 S Dupont HWY STE 100, Dover,
DE 19901-5164.
+1 844 470 5530
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Al jazeera al hamra
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+44 20 3318 9700
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