Global Expansion Services for Web3 Businesses

**Focus:** The US and Canada present a dynamic, yet complex, environment for Web3 businesses. The US, with its state-by-state regulatory patchwork and active federal agencies (SEC, CFTC, FinCEN, IRS), requires meticulous compliance. Canada offers a more unified federal approach with ongoing developments in investment fund regulations.

**Our Services Include:**

• **US State-Specific Licensing:** Guidance on Money Transmitter Licenses (MTLs) and Digital Financial Asset Laws (DFALs) across various states, with continuous monitoring of new legislation and enforcement actions.
• **Federal Regulatory Compliance:** Expertise in SEC (securities classification, ICO/STO), CFTC (derivatives), FinCEN (AML/KYC), and IRS (taxation) requirements, including insights into proposed market structure legislation.
• **Canadian Regulatory Frameworks:** Compliance with provincial securities commissions and FINTRAC (AML/CTF) regulations for Virtual Asset Service Providers (VASPs), including recent amendments for crypto asset investment funds and Travel Rule compliance.
• **Strategic US Market Entry:** Identifying key states for early adoption and pilot programs, considering evolving regulatory clarity.
• **Lobbying & Policy Insights:** Connections to legal and policy experts to stay ahead of regulatory changes in both federal and state/provincial landscapes.

**Focus:** The European Union (EU) is at the forefront of crypto regulation with its landmark Markets in Crypto-Assets (MiCA) framework, which became fully applicable for most provisions in December 2024. Its comprehensive nature aims for harmonization across member states, though the finalization of Level 2 and Level 3 technical standards, along with national transitional measures, continues into 2025. The UK also maintains its own distinct regulatory path.

**Our Services Include:**

• **MiCA Compliance & Licensing:** Guiding you through the authorization and licensing process for Crypto-Asset Service Providers (CASPs) under MiCA, covering stablecoins, asset-referenced tokens, and other crypto assets, with attention to ongoing delegated and implementing acts.
• **DORA & TFR Compliance:** Ensuring adherence to the Digital Operational Resilience Act (DORA) and the Transfer of Funds Regulation (TFR - Travel Rule).
• **National Specificities:** Addressing nuances in countries like Germany (BaFin), France (AMF), Switzerland (FINMA), and Malta, often considered crypto-friendly, alongside ongoing national transitional measures.
• **DeFi Regulatory Interpretation:** Assisting with the evolving understanding and future regulation of decentralized finance in Europe, as the European Commission continues its assessment of NFTs.
• **UK Regulatory Adherence:** Navigating the Financial Conduct Authority (FCA) framework and other relevant financial regulations.

**Focus:** APAC is a vibrant and diverse region, home to some of the most progressive crypto hubs (Hong Kong, Singapore, Japan, South Korea) alongside strict restrictions in other areas. This region is a leader in institutional adoption, tokenization, and retail engagement, with continuous regulatory evolution.

**Our Services Include:**

• **Hong Kong VASP Licensing:** Expert guidance on obtaining Virtual Asset Service Provider (VASP) licenses under the SFC, including robust KYC/AML protocols and institutional-grade custody rules, with an enhanced swift licensing process extended to all new applicants in early 2025. SFC is also developing licensing regimes for VA OTC trading and custodian services.
• **Singapore MAS Regulations:** Compliance with the Payment Services Act (PSA) and Financial Services and Markets Act (FSMA) for Digital Payment Token (DPT) services. Note that as of June 30, 2025, unlicensed DTSPs (even those serving only overseas customers from Singapore) must cease operations, as MAS has adopted a high bar for licensing with limited exceptions and no transitional period.
• **Japan FSA Framework:** Navigating the Financial Services Agency (FSA) regulations for crypto exchanges and stablecoins.
• **South Korea Specifics:** Adhering to the Act on the Protection of Virtual Asset Users and local exchange requirements.
• **Regional Market Insights:** Deep dives into user behavior, payment preferences, and emerging trends across key APAC markets.

**Focus:** LATAM is a hotbed for crypto adoption, often driven by economic volatility and a need for financial inclusion. While some countries (El Salvador, Brazil, Panama) are highly progressive, others maintain stricter stances, with a growing trend towards clearer regulatory frameworks and significant updates to accounting rules for digital assets expected in Brazil in 2025.

**Our Services Include:**

• **El Salvador Bitcoin Law Advisory:** Guidance on operating under Bitcoin as legal tender.
• **Brazilian Crypto Regulations:** Compliance with Law No 14.478/2022 (Brazilian Virtual Assets Law) and the upcoming regulations from the Central Bank of Brazil (BCB), including new accounting rules for digital assets, staking, and airdrops expected after public consultations in late 2025.
• **Mexico Fintech Law Compliance:** Navigating the framework for financial technology institutions.
• **Panama & Paraguay Legislation:** Support for new crypto-friendly laws and initiatives.
• **Remittance & Payment Solutions:** Tailored strategies for leveraging crypto in a region with high remittance volumes.

**Focus:** The MEA region is increasingly recognizing the potential of Web3, with countries like UAE and South Africa leading the charge in establishing clear regulatory frameworks, while others are still developing their approach. This region is seeing increased institutional adoption and interest in tokenization.

**Our Services Include:**

• **UAE Crypto Regulations:** Compliance with frameworks in Dubai (VARA), Abu Dhabi (ADGM), and other free zones, which are actively fostering digital asset ecosystems, including VARA's updated classifications and requirements for AED-backed stablecoins (effective August 2025).
• **South Africa FSCA & FIC Compliance:** Guidance on Financial Service Provider (FSP) classification for crypto assets and Travel Rule implementation. Note that the legal status of cryptocurrencies under South Africa's Exchange Control Regulations is currently subject to an appeal by the SARB, creating ongoing uncertainty that requires careful monitoring.
• **Emerging Market Entry:** Strategic advice for navigating diverse regulatory environments across other African and Middle Eastern nations.
• **Islamic Finance & Blockchain:** Understanding the intersection of Sharia-compliant finance and Web3 solutions.

**Focus:** Türkiye stands out as a market with high crypto adoption and a rapidly maturing regulatory framework. With the recent enactment of Law No. 7499 concerning crypto assets (March 2024), and subsequent communiqués from the Capital Markets Board (CMB) in March 2025, the nation is establishing clearer guidelines for crypto asset service providers, making expert navigation crucial for compliant and successful entry.

**Our Services Include:**

• **Law No. 7499 Compliance & Licensing:** Comprehensive guidance on adhering to Türkiye's new crypto asset law, including requirements for operating as a Crypto Asset Service Provider (CASP), licensing procedures under the Capital Markets Board (CMB), minimum capital thresholds (e.g., TRY 150 million for exchanges), and ongoing regulatory obligations, with most regulations taking effect by June 30, 2025, and full implementation by year-end.
• **MASAK AML/KYC Implementation:** Ensuring full compliance with the Financial Crimes Investigation Board (MASAK) regulations for anti-money laundering and know-your-customer protocols, including the fully implemented Travel Rule (February 25, 2025) for transactions over TRY 15,000.
• **Central Bank (CBRT) Payment Regulations:** Advisory on the Central Bank of the Republic of Türkiye's stance on crypto assets in payments and e-money, helping you structure compliant payment flows while noting the prohibition on direct crypto payments for goods/services.
• **Market Entry Strategy & Localization:** Insights into the Turkish crypto market's unique dynamics, consumer behavior, and localization strategies for product offerings and marketing efforts.
• **Ongoing Regulatory Monitoring:** Continuous updates and advice on secondary legislation and further regulatory developments as they emerge from relevant authorities.