You are an innovator.
You know that your product, or roadmap, or idea, is positioned at the very cutting edge of the new expansion and adoption of web3. You know how to build it and bring it to market.
But you don’t know how they’ll regulate it.
This is a big problem.
The industry has grown with little-to-no oversight, creating a false sense of security through obscurity. It’s taken some time, but the ecosystem has now grown too large to hide from the establishment.
Ambiguity.
Regulators are rushing to translate existing rules and regulations to this new model, but they don’t know how to classify assets. We can’t forecast how they will decide to act - every token may be a target.
Scrutiny.
Establishment financial and judicial regulators are scrambling to control this new board. Every day new laws are being drafted. New mandates are being debated. And no-one knows on which side their project will fall.
Novelty.
Governing bodies have been forced to intervene in numerous high-profile actions in recent years. This has put more and more projects in the spotlight, no matter how big or small the perceived risk.
The only way around is through.
When your company is put under the microscope, and you’re faced with the impossible task of demonstrating that you are on the right side of these completely new and ambiguous regulations, the only way you win is to stack the deck.
1. Evaluate & Strategize
BSL Group’s web3 and crypto compliance team audits your project’s assets, operations, and execution. We dig deep into everything from your HR policy to your wallets and uncover any and all risk factors or red flags. This helps us create a strategic bespoke regulatory compliance plan for your project that lets you focus on building your product, not legalese.
2. Implement & Monitor
We then build your compliance program collaboratively with your core team, your compliance cohort, and your board. This comprehensive program outlines how your company prevents violations, mitigates risk, and creates a culture of compliance. Then, we align you with the tools and resources needed to monitor and maintain that strategy.
3. Iterate & Communicate
Once the program has been implemented, you’ll need to maintain and update it. We handle proactive regular checkins with your compliance cohort and your team. When there’s a need to update your program due to new regulatory developments or product releases, we manage those conversations and train the full team as needed.
4. React & Respond
In those worst-case scenarios, BSL Group will help you navigate any regulatory action leveled at your project. We manage immediate damage control and recovery efforts, and we manage communications both with regulators and with your stakeholders, customers, and the general public through PR management and community engagement.