[RichardKous]

I am interested in what legal and compliance aspects should be taken into account when working with a crypto liquidity provider, especially if my business will be licensed in the EU or the US. I am considering obtaining a crypto license in one of the regulated jurisdictions - I am considering Lithuania, Estonia or even the US. At the same time, liquidity providers can be located in other countries and operate under different rules. I want to understand how to ensure that the LP complies with international requirements, carries out mandatory KYC/AML procedures, and does not use "dirty" assets. What documents, checks and legal agreements should be requested before starting cooperation? What to do if the LP does not have a license, but offers favorable terms? And what are the risks associated with cooperation with offshore companies?

[repeating]

Strict AML/KYC compliance, including customer due diligence (CDD) and transaction monitoring.

[RichardKous]

This is a great question! When it comes to developing blockchain apps, especially in the banking industry, it is very important to consider all the legal and regulatory aspects. An article I recently read explains in detail how to develop blockchain banking apps while keeping in mind the security, privacy, and compliance requirements. It is important not only to follow the technology standards, but also to understand the legal aspects so that the app is compliant with all the regulations. I recommend checking out this article: https://merehead.com/blog/develop-bankin...chain-app/. It will give you some useful tips on this!