Legal Opinion for Crypto Utility Tokens
We provide legal opinions for crypto token issuers, that are required under MiCA. Based on the information provided about the project, token sale, and features of your token (tokenomics), we will be able to provide preliminary opinions on whether the token qualifies as a security token, utility token, or another regulated/unregulated financial instrument.
We have drafted legal opinions for crypto tokens listed on Binance, KuCoin, HitBTC, Bittrex,MEXC and others.
Why do you need a legal opinion?
Legal opinion is required in order for you to be able to list a utility token at any centralized cryptocurrency exchange. Legal opinion might also be requested by the competent authorities within the process of obtaining required crypto licenses.
Some of the token issuers will also be required to provide a legal opinion under the MiCA ("Markets in Crypto Assets Regulation"), the future European Union systemic crypto regulation.
What do we do?
We analyze the token from the tokenomics perspective and look over all relevant documentation (white paper, terms of sale, SAFTs, marketing materials, etc.) and anything else that might impact the legal classification of the token.
Suppose we notice potential challenges for the token to qualify as a utility token. In that case, we offer legal advice relating to the proper design of tokenomics and the drafting of the relevant documents.
After the analysis, we draft a comprehensive legal opinion on the utility token, including a token classification by applicable European Union laws.
Who will be working on your legal opinion?
dr. Peter Merc
Dr. Peter Merc is a managing partner in Lemur Legal, an advisory company that specializes in providing legal support for fintech and crypto companies. As a legal advisor, Peter has advised on more than 20 successful token generation events. This includes CargoX, Viberate, Eligma, Robotina, and Tolar Hashnet. Among the crypto clients of Lemur Legal are GateHub, CargoX, EllyPay, Bitnik, Dap19, Blocksquare, SkyEye, and Futurent.
Peter is also a co-founder and managing partner in Suricate Ventures, which is a privately financed venture capital firm with a smart money investment philosophy. In 2017 Peter founded Blockchain Think Tank Slovenia, an NGO which serves as a bridge between the crypto industry and the public sector.
As an assistant professor, Peter lectures at the Law Faculty of New University in Ljubljana. Prior to his solo career, Peter worked in the banking sector in the fields of capital markets, compliance, and bank supervision.
Our pricing & delivery
Depending on the complexity of the tokenomics and the size of the relevant documentation that we need to analyze before drafting legal opinion, we charge between 1,800.00 EUR (+ VAT, if applicable) for the complete service. Service can be paid in Tether (USDT).
Once we receive all relevant documentation from your side, we can deliver the first draft of the legal opinion within 48 hours.