With the development of blockchain, there are more and more ICO projects and exchanges in the blockchain industry. How should so many projects develop in compliance?

The current compliance of blockchain projects is divided into two sections: 1. Compliance of blockchain currency issuance projects: foundations + legal compliance opinions often refer to ICO, IEO, etc. First, we first build overseas entities

, generally the currency issuance entities choose Singapore foundations more often.

It is a non-profit company in the form of XX FOUNDATION LTD.

Finally, a Singaporean lawyer issued a legal compliance opinion. The content of the legal opinion included a modification of the white paper and a TOKEN non-securitization certificate, mainly to make the project comply with Singapore law.

This legal opinion will also be used when the project is docked with the exchange for currency listing in the later stages of the project.

2. Blockchain exchange project compliance: main company + digital currency trading license: The license is one of the important compliance documents of the platform.

It is equivalent to a business license, especially after Huobi successively obtained Japanese licenses, American licenses, and applied for a Canadian license, the license has been pushed to a new level.

Obtaining the US MSB license means that Huobi can reasonably conduct business in most states in the United States.

This is why major platforms are currently applying for licenses. If you want to carry out business formally and legally, you must apply for a license.

For example: MSB digital currency exchange license in the United States, MTR digital currency + wallet dual license in Estonia, AUSTRAC digital currency license in Australia, etc.

The role of the US MSB license: 1. The US MSB license is well-known, a packaging platform, and easy to publicize.

2. Platform compliance to avoid transactions.

3. It can increase customer trust, enhance one's own popularity, and also allow the platform to develop better and faster in compliance with regulations.

Advantages of MSB license 1. Investor recognition - The corporate laws and financial industry supervision in the United States are very complete. Having a US license will make your digital currency trading platform more recognized by global investors.

2. Obtain authoritative approval--obtaining authoritative approval from the U.S. Treasury Department, you can carry out relevant business in the United States and around the world, which represents compliance supervision of digital currency platforms.

3. Become a first-line platform - the MSB license is also a standard license for global digital currency trading institutions.

Coinbase, Bitfinex, Poloiex, Huobi, OK, Binance Exchange and other platforms all hold this license to operate.

4. Diversified services--MSB license allows currency exchange and delivery services, allowing you to better meet customer needs and provide more diversified services.

Why licenses are so important for trading platforms? First of all, people in the traditional foreign exchange circle know the importance of regulatory licenses for foreign exchange platforms. This traditional model will also create future trading platforms.