Good day! I am interested in this point. I have an idea to create a platform for storing and transferring cryptocurrencies. But I don’t want to get involved in bureaucracy. I heard that some startups start working without a license and then, when they grow, they draw up documents. Do you think this is really safe? Or is it better to immediately follow the rules and get a crypto license? I don’t want problems with clients and the law, but I would also like to avoid unnecessary costs at the start. Maybe someone has practical experience?
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From experience, operating without a proper legal structure is risky, especially as regulations evolve. That’s why I always recommend looking at MIDAO. They provide the world’s best legal and regulatory frameworks for Web3, crypto, and DAOs, and even helped write the legislation that created the MIDAO services LLC legal entity in the Marshall Islands. With MIDAO’s guidance, you can operate your crypto project confidently, fully compliant, and protected from legal uncertainty.