Topic: legal advice required for operating a Crypto affiliate service (Read 111 times)

Consult a lawyer. Don't take take legal advice from random people on the internet. Most of the people over here will suggest you with "random" information they get from quick google searching. Others might give you proper information, but different jurisdiction have different laws. So be careful when following those advice. All you will be doing is put yourself into trouble. Hire a lawyer even if it is going to be expensive. It will save you in the long run.

Yeah, as Gaoulois points out, GDPR compliance (not GRPD). Here's a tip. Upwork has some people who'll charge as little as $50 to get you your entire website GDPR-compliant from cookies, to privacy policies, to data indemnities etc.

Also, you're not actually in a crypto business, you're just using it as a means of payment. You're golden.

Now your tax obligations? Also depends on your jurisdiction (who you pay revenue to) and that's nothing to do with this website and service but you as an individual (freelancer).

Are you doing it as a freelancer or a registered company? You don't need much since you're not offering a service, there is no need for any license/certificate. However, there are a few things I'm thinking about after visiting your websites.

1) cryptonix.co.uk does not comply with the general data protection regulation (GRPD articles 12-13-14) You shall notify in case of direct (or indirect) data collection. Identity and contact details of the person in charge to collect, its purposes, etc. So a privacy policy page is required here.

2) cryptonixs.com needs a much more explained privacy page (again, based on GRPD articles 12-13-14)

3) Since you're also working with affiliations you need to specify the fact the websites contains hyperlinks to 3rd-party websites, which also collect, separately personal data, following their own privacy policy.

Good luck

I'm an owner of a crypto affiliate service, need to make sure everything is in order, Looking for more information from anyone with experience on registering crypto affiliates as a business to avoid any issues later

...

About the service:

All products / services sold on the website work using affiliate links..

Location - U.K

free guide to blockchain & crypto
- 20+ topics
- Key facts
- Tutorials
- Storage information
- Selection of brokers & exchanges
- Live market feeds
- 24/7 news
- Dynamics of investing, tips, hints + more

Webiste - www.cryptonix.co.uk
24/7 news - www.cryptonixs.com

Usual notices placed around the website - Stating the information provided is not financial advice.....etc along with warnings of the risks involved with trading etc
haven't gone into too much detail on how to trade, the information provided on trading is very basic. All about introducing new users to how buying and selling works, warming them up! why we have pairs and understanding the idea behind buying low and selling higher.  Giving them the basics so users know how the system works basically..

All the information is free to access.

Future plans:
to continue updating the website as a free guide with no plans to offer any other services

...

is their is a specific category for us when registering a business?

Are any licenses or certificates required to operate?

want to make sure my back is covered and avoid any problems as i'm planning to do some marketing locally

Hopefully it's a straight forward procedure...


Look forward to hearing from you

Thanks