Development of rules and regulations for Polish users of the virtual currency service
We provide ongoing legal services to an entity listed in the register of providers of services in the scope virtual currency. The entity runs a service and mobile app, providing a cryptocurrency wallet enabling the purchase (on – ramp) and sale (off- ramp) of virtual currencies.
As part of our collaboration, we have been developing terms and conditions for Polish users of the app. The terms and conditions set out the principles for purchasing and selling virtual currencies. In addition, as part of the project, we provided:
- an opinion on the solutions adopted by the client regarding identification an verification of identity of the users of the app (remote onboarding of the client, adopted methods of identification and verification of the client’s identity);
- an opinion on the compliance of the process of purchasing or selling cryptocurrencies with regulation on consumer protection and on personal data processing.
We provide ongoing legal services to the client by responding to day-to-day queries regarding the operation of the application.
See also:
The firm provides legal services on a regular basis in all areas of functioning the client. Currently, among others, we are advising on the implementation of a business project for the issuance of tokens that are electronic money (e-money token), according to the business and technical concept prepared by the Ccient. The issuance is to be carried out by the only electronic money institution in Poland in cooperation with our client, who will act as its agent.
