Our
experience

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.

The firm continues to work with the client, which is a small payment institution providing payment services: issuing credit cards and providing payment credit to consumers.

The firm provides ongoing legal services to the client including, inter alia, legal advice on the payments services provided throughout an innovative mobile app product and a multi-currency debit card. The mobile application allows the user to convert a virtual currency into a currency of the client’s choice and to top up the debit card with such funds. This card, as a payment instrument, enables the user to make any kind of payments and withdraw funds at an ATM.

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.

In connection with the client’s intention to acquire 100% of the shares in the sole electronic money institution in Poland, the firm submitted an application to the Polish Financial Supervision Authority for approval of the acquisition of shares of. The application for consent to acquire shares in an electronic money institution is a unique type of administrative procedure, which, due to the fact that there is only one electronic money institution established in Poland, has never been carried out in practice before.

We continue to provide on a regular basis, legal services to the client, a small payment institution providing of a full range of payment solutions and payment infrastructure. We have advised the client on, among other things, due diligence processes and the client’s planned acquisitions of other payment institutions. The first such acquisition project, in which we represented […]