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Crypto Launchpad: Which Jurisdiction?

I have cleared with SVG Compliance and as they have mentioned, "SAINT VINCENT AND GRENADINES VIRTUAL ASSET BUSINESS ACT, 2022" is just passed and it is not active yet, so @Sols you have confused me, so again here is a law that is not an active yet and SVG are 100% free from any kind of Crypto Regulations, for now.
Whether it's effective this minute or might take a few more months doesn't seem prudent in the planning of a business. Plan as if it's already active, since it's clear SVG intends to and has no choice but to align with what FATF and ECCB say. So you might be technically for now, but it seems strange to just not even bring up that they have passed a law.

Any jurisdiction with simple KYC that does not require obligating the source of funds from the users?
One of the roles of FATF is to ensure KYC requirements are aligned across the world. Their motivation is that no country has an isolated financial system. It's all interconnected, so the whole world should follow the same KYC requirements.

Expect KYC to be or in the near future become the same all over the world.

How do DEX and many launchpads work out there though?
Uniswap, Sushiswap, Pinksale, none requires KYC
Those seem to be the kind of websites that present no company, and/or have a network of related and unrelated companies behind the scenes.

And a side note, which countries other than the US should be excluded?
Puerto Rico, North Korea, China?, Russian?, etc
Exclude countries you don't want to draw attention from and countries which draw attention to you if not blocked. The list of countries changes, so keep an eye on alerts from FATF-GAFI, EU, US, and others with major international influence.
 
Whether it's effective this minute or might take a few more months doesn't seem prudent in the planning of a business. Plan as if it's already active, since it's clear SVG intends to and has no choice but to align with what FATF and ECCB say. So you might be technically for now, but it seems strange to just not even bring up that they have passed a law.


One of the roles of FATF is to ensure KYC requirements are aligned across the world. Their motivation is that no country has an isolated financial system. It's all interconnected, so the whole world should follow the same KYC requirements.

Expect KYC to be or in the near future become the same all over the world.


Those seem to be the kind of websites that present no company, and/or have a network of related and unrelated companies behind the scenes.


Exclude countries you don't want to draw attention from and countries which draw attention to you if not blocked. The list of countries changes, so keep an eye on alerts from FATF-GAFI, EU, US, and others with major international influence.
All jurisdiction has risk of legislative changes anytime, so now in SVG there is no active Crypto regulation, and you can run Crypto business with SVG LLC, no one know what will change, accordingly no issue to trust and follow.
 
No, I find it much easier to just deal with regulation. The non-KYC crypto businesses I've seen have either operated in jurisdictions with unclear laws (IIRC, US, Marshall Islands) or simply don't disclose any company details, and behind the scenes they operate a network of more or less related entities that serve different purposes.

The ones with unclear laws will eventually catch up. No one is intentionally going against FATF. It's a bit like CRS. Just a matter of time until everyone is caught up.
Can you please explain how these non-kyc businesses without any company details have in general their company network structured?
 
Can you please explain how these non-kyc businesses without any company details have in general their company network structured?
Just as an illustrative example:

Company A: pays employees/contractors and web hosting/SaaS.
Company B: pays for marketing.
Company C: pays for some other marketing.

Companies D, E, and F: in various ways owned by different people, funded through different channels and methods.

Company A invoices Company D, A invoiced E, and C invoices F.

Owners make a profit in crypto, which they cash out through other channels and/or hold as crypto.
 
SVG is good if you want to run a security token since there are no clear regulations at the moment.
However i would not recommend doing a funding without KYC and its not just about US citizens but from there the biggest threat is coming.
It will get you only in trouble sooner or later
There are many successfull fundings with KYC which all depends on the project itself and the shilling.

How do DEX and many launchpads work out there though?
Uniswap, Sushiswap, Pinksale, none requires KYC
It is not run directly by a company but being decentralized HOWEVER US SEC made it very clear in such case people who made this possible will be held responsible like programers,node providers etc .
So just because there is no action today it doesn't mean there won't be any tomorrow.
The SEC was very clear about it.
 
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