At Kosnahan, our history in Fintech and Blockchain is one of the key areas of focus for our practice.  Our personal business experience, including the specification, development and licensing of compliance software for blockchain businessses, gives us a sound understanding of the sector and your requirements.

Our Managing Director first became interested in Blockchain technology in early 2012. At that time, few people had heard of cryptocurrencies and blockchain. After publication of the European Central Banks report on Digital Currencies in October 2012 (which referenced at the time what it called a ‘digital currency’), it was clear Blockchain technologies were going to disrupt multiple industries.

In 2014, some of the earliest UK and IOM crypto-currency exchanges and businesses sought advice from our Managing Director, including practical commercial advice on regulatory compliance, banking, data protection, policies and procedures, compliance with Proceeds of Crime legislation, registration with Financial Service Regulators and Intellectual Property protection (including the registration of Trade Marks and Patents for Blockchain technology).

Time has moved on and Blockchain technology has become so much more…Decentralized Finance is now becoming one of the fastest growing sectors in the space.

So whether your launching a new exchange, listing a new utility token, acquiring assets by way of smart contracts, or minting your first NFT, we’re here to assist guide you on various legal and regulatory matters associated in this fast moving sector, specific to obligations in operating business in the Isle of Man and UK.

In addition to blockchain, our focus on Fintech extends to advising businesses involved in NFC and RFid payment technologies for mobile and smart devices.

We advise individuals, B2B and B2C businesses specific on Fintech & Blockchain, including regulated online gambling, exchanges, ATM manufacturers operators, software developers, compliance software suppliers, traders, content creators and more.

We assist with:

• business plans and consideration of regulatory issues
• applications for registration as a Designated Business in the Isle of Man
• AML/CFT and Data Protection obligations surrounding new and existing products and/or services
• compliance reviews, policies and procedures
• customer journey and UX for new products
• protection of Intellectual Property Rights
• advice regarding smart contracts & minting & listing NFTs
• white paper drafting

For a personal service from lawyers who understand Fintech & Blockchain, contact us.