Legal Opinion

Opinions for a Specific Business Need

Within these areas, clients most often come to us with one of the following questions — and leave with an answer they can rely on in front of a bank, a regulator, or an investor:

• Token and crypto-asset classification. We determine what your token is under the applicable regime (MiCA, VARA, and others): a financial instrument, an ART or EMT, a security, or another asset. Every next step of the project depends on this answer, so it pays to have the opinion before issuance, listing, and onboarding with a provider.
• Crypto service provider licensing (CASP/VASP). We map your business model and list of services against the authorisation requirements and show what needs to be in place before you apply: governance, custody of assets, prudential requirements, and local presence.
• Stablecoins (ART/EMT). We determine your stablecoin’s category and the requirements that follow from it for authorisation, reserves, own funds, and redemption.
• Travel Rule. We tell you whether the Travel Rule applies to your transfers and show what to implement: accompanying information, handling of self-hosted wallets and intermediary providers, thresholds, and controls.
• Opinion for a bank (banking access). We independently confirm your regulatory status and the lawfulness of your activities — in the form the KYB team of a bank or payment provider expects. You commission this opinion on your own initiative to reduce the risk of an account being refused or closed.
• EMI, PI, and investment firms. Licensing, regulatory perimeter, and safeguarding — with conclusions that stand up to questions from the regulator and the partner bank.
• Sanctions (EU, US/OFAC, UK). We assess the sanctions exposure of a company or transaction, which regimes apply, and the screening requirements.
• Corporate structure, tax residency, and substance — for cross-border structures and relocations.
• MSB registration in Canada. We determine whether your business needs registration and to what extent.
• Reverse solicitation. We confirm whether you can serve clients who approached you on their own initiative without a local licence, and which practices let you rely on this exemption with confidence.
• AML/CFT. We assess your AML/CFT framework and its readiness for review by a bank or regulator.

For crypto projects, three opinions form a single route: token classification, CASP/VASP licensing, and the opinion for a bank. COREDO prepares each of them.