Eagle AI Labs is a cutting-edge platform that utilizes artificial intelligence to analyze and predict prices for various digital assets. As they prepared to launch a token for research and fundraising, Eagle AI Labs sought expert guidance to help them make informed decisions about how best to meet regulatory compliance obligations.
Eagle AI Labs’s search for the ideal jurisdiction led them to consider multiple options, with a particular focus on Switzerland and Lithuania due to their crypto-friendly regulations. However, they remained open to exploring other potential locations that could offer favorable conditions for their digital asset operations. After looking online for potential service providers, they found Legal Nodes. Here’s how we helped the Eagle AI Labs team with their project.
Challenges and concerns
A key factor that connected all of Eagle AI Labs’s challenges was the need for a global perspective on all their options and risks. Finding global legal intelligence that helped Eagle AI find a holistic way forward was the first step that they wanted to take before tackling anything in particular. After that, Eagle AI Labs wanted to focus on choosing a country for registration and had questions around:
- Regulatory clarity for token launches and digital asset operations
- Favorable tax implications for crypto-related businesses
- Ease of obtaining necessary licenses, such as VASP (Virtual Asset Service Provider) authorizations
- Access to a robust financial ecosystem and potential investors
Along with the queries over company registration, Eagle AI Labs also needed specialized legal assistance to navigate the intricacies of international crypto regulations and find the most suitable jurisdiction for their innovative platform. Specifically, they required help with:
- Developing a legal framework for token launch
- Structuring fundraising efforts legally
- Obtaining necessary authorizations and legal opinions
Finding solutions with Legal Nodes
Legal Nodes provided comprehensive support to address all of Eagle AI Labs’ legal and compliance needs. Our team began by listening to the team’s goals, concerns, and vision for their project. We then conducted a thorough analysis, considering:
- Best-case scenarios: Optimal jurisdictions for token launches and favorable regulatory environments
- Necessary considerations: Potential legal pitfalls and compliance risks in various jurisdictions
- Best use cases: Identifying the most suitable legal structures and strategies for Eagle AI Labs’ unique situation
By taking this approach, we were able to tailor our legal guidance and support to Eagle AI Labs’ specific needs, ensuring that our suggestions were both practical and forward-thinking. After conducting this thorough groundwork, we presented Eagle AI Labs with their best options based on our global legal overview of potential solutions, associated risks, and successful use cases in similar situations.
The Legal Nodes core team provided information to support Eagle AI Labs with making informed decisions about their own legal needs. For specific queries and actions, we connected Eagle AI Labs with the most suitable service providers out of our global network of over 60 vetted professionals situated across over 20 jurisdictions. This allowed Eagle AI Labs to access the right information and guidance that they needed at the right time, and with the confidence that they weren’t overlooking anything critical.
Our support for Eagle AI Labs included:
- Created a detailed legal roadmap for the token launch
- Conducted jurisdictional assessments, including Estonia and the UAE
- Facilitated introductions to legal service providers in Estonia and the UAE
- Prepared a comprehensive list of legal requirements for token compliance
- Assisted in with sourcing and drafting various documents, including disclaimers
- Provided a SAFT (Simple Agreement for Future Tokens) template and guidance
Outcomes achieved with Legal Nodes
With Legal Nodes' expert assistance and the global network of locally-based professionals, Eagle AI Labs received the support they needed to achieve significant milestones:
- Successfully incorporated a licensed Dubai-based subsidiary, enabling international expansion and compliant token launch
- Took all steps to maintain regulatory compliance in the UK while growing globally
- Executed a token launch across multiple jurisdictions adhering to compliance requirements
- Streamlined legal operations through a thorough token compliance assessment
We are thrilled that through its partnership with Legal Nodes, Eagle AI Labs successfully navigated the complex regulatory landscape of digital assets and achieved what they had set out to do. This collaboration allowed Eagle AI Labs to focus on innovation and growth while ensuring compliance and operational success across multiple jurisdictions. We are excited to continue supporting Eagle AI Labs on their journey as they expand and evolve their platform.
If you're facing similar challenges in the digital asset space or need expert legal guidance for your innovative project, we'd love to help. Reach out to us to explore how we can support your business in navigating the complex world of international tech regulations.
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