Key Take-Aways

Start with the right legal foundation: Select a jurisdiction that supports Web3 innovation.

Budget appropriately for legal setup: Allocate sufficient funds for initial legal documentation and IP protection.

Be meticulous about token classification: Consult legal experts to determine if your token is a utility or security before launch.

Protect your intellectual property: Implement comprehensive IP protections, especially when working with contractors or open-source contributors.

Simplify compliance: Use third-party platforms to handle KYC/AML requirements rather than building these systems from scratch.

Consider regulation: If offering security tokens, evaluate a pathway for compliant fundraising.

Review local jurisdiction requirements: Different regions have varying approaches to crypto regulation—understand the implications for your specific project.