Spotcoin has announced a partnership with Juscutum law firm for its upcoming public token sale. Juscutum is a Ukrainian based firm that will provide the legal framework for Spotcoin to ensure it’s in full compliance with legal regulations. Spotcoin is an over-the-counter (OTC) clearinghouse that seeks to provide a platform to bridge the gap between cryptocurrency and fiat currency.
Juscutum was chosen as the law firm to provide legal guidance as it was one of the first firms to accept cryptocurrency for compensation and is comprised of tech savvy lawyers, illustrated by its prize winning “Legal Alarm” mobile application.
The two companies will coordinate on public token sale corporate structure, public token sale legal documentation, token legal design, and to obtain the necessary licenses and approvals.
The Juscutum partnership is part of Spotcoin’s commitment to act in accordance with laws and regulations. Spotcoin chose to base its operations in Georgia, in the Black Sea region, due to the country’s openness to blockchain technology. It has also coordinated with the Minister of Economy, the National Bank of Georgia, and Georgia’s Innovation and Technology Agency (GITA), a State agency.
While the Juscutum partnership will assist with Spotcoin’s compliance to Georgian law, it has also implemented International Organization for Standardization (ISO) 31000 guidelines, which provide globally recognized risk management standards.
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