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A digital asset that can represent ownership rights, access to services, or other values within a blockchain network. A token can be anything: from a concert ticket to a share in a startup. Just don’t confuse it with candies!
No, it’s not a car. It’s regular money that hasn’t been turned into cryptocurrency yet. As your mom might say: “Cash is still king!”
A unique token that cannot be replaced by another. It usually represents digital art or collectibles. The perfect way to sell a GIF for the price of an apartment. Who said art doesn’t make money?
A regulation that turns the “Wild West” of the crypto market into a more organized party. Now things are getting structured!
A fraudulent scheme where project founders run off with investors’ money, leaving everyone empty-handed. Not to be confused with an actual rug in your living room.
The act of creating panic to lower the price of an asset. Think of it as “anti-hype.” Don’t fall for it!
The natural person who ultimately controls a crypto business. Regulators love to know who’s behind the curtain.
The legal responsibility of companies for storing clients’ crypto assets. Always read the contracts carefully—this is critical!
A special framework for testing innovative crypto projects without the risk of penalties. The ideal launchpad for startups.
A legal entity that provides services related to crypto assets (exchanges, wallets, etc.). Identified by FATF as a regulatory subject.
The world of cryptocurrencies is exciting, but it demands attention to detail, especially in legal matters. Knowing these terms will help you navigate the landscape with confidence and avoid unpleasant surprises.
Stay with us to learn more about the crypto business, legal nuances, and practical tips for a successful start!