Infinilex Consultancy
118 posts
Infinilex Consultancy
@Infinilex
Legal & compliance for Web3, DeFi & cross-border founders ⚖️ US 🇺🇸 UAE 🇦🇪 India 🇮🇳 | VASP licensing · Token law · AML https://t.co/asoLLS9eSp
USA | Dubai | India Katılım Mart 2024
13 Takip Edilen8 Takipçiler
Excited to share that we have joined the @Circle Alliance Program, a global community of teams focused on bringing the world on-chain, powered by USDC!
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Infinilex has partnered with @Payoneer.
What this actually means:
When we build your cross-border entity, whether India ↔ UAE ↔ US or anywhere else across the globe, you don't just get the legal architecture.
You get the payment infrastructure that runs through it.
Prashant Sharma | Infinilex ⚖️@prashant__sha
The most common failure point in cross-border structuring isn't the legal work. It's the payment infrastructure that should run through it. @Infinilex has partnered with @Payoneer to fix exactly that. 🧵
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This is exactly the FIU-IND gap we help Web3 protocols fix before enforcement does it for them.
Registration + full AML stack.
→ infinilex.io
Prashant Sharma | Infinilex ⚖️@prashant__sha
Web3 founders looking at India keep wondering if they need FIU-IND (VASP adjacent reg in India) registration. The number of businesses operating without it scares me for their financial and existential well-being.
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GENIUS Act passed committee. It is going to be a law soon, and nothing will change that.
For Web3 founders building outside the US: this defines who gets USD stablecoin market access and who doesn't.
If your token or protocol touches USD-pegged assets or yields, you need a compliance opinion on this now and not after the bill passes.
Chad Steingraber@ChadSteingraber
No stablecoin yield in the deal means only stablecoins that are fully compliant under the GENIUS Act will succeed. The banks won, it is what is. That's RLUSD✅
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Infinilex Consultancy retweetledi
If you're issuing, trading, or building infrastructure around NFTs and haven't had a jurisdiction-specific legal classification done, that's the gap to close before your next drop or exchange listing.
We do NFT and token structure legal analysis at @Infinilex across EU, US, and UAE frameworks.
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Infinilex Consultancy retweetledi
The UAE just did two things that CT should sit up and take note of-
DDSC: first dirham-backed stablecoin cleared for operational launch, &
USDU: first USD stablecoin registered/approved under the UAE Central Bank’s Payment Token Services Regulation
Game-changer but also a nexus trap for cross-border builders?
Prashant Sharma | Infinilex ⚖️@prashant__sha
The UAE just greenlit its first dirham-backed stablecoin, DDSC, which is now live on ADI Chain. Full thread on its tax nexus, AML/Travel Rule, and entity traps dropping today with the exact risks & the structures we’re actually using for clients at @Infinilex
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@zwebtiai @22letmetalk Every last decimal does in the long run.
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🚨Most Indian #founders "kill" their #startups before they even hit the #Seed round. Not because the product fails, but because they butchered their cap table at Pre-Seed.
If you’re giving away 25% of your #company for ₹1 Cr, you’ve already lost.
Here’s the @Infinilex Guide🧵
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With Claude's AI coworker launch, this article on SaaSpocalypse just got real for fintech builders- cross-border compliance tools next?
#AIinSaaS #Web3Compliance
Prashant Sharma | Infinilex ⚖️@prashant__sha
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Infinilex Consultancy retweetledi
@Fidelity launching FIDD on @ethereum is a clear signal that TradFi is not 'watching' anymore and shipping stablecoin rails is the next big thing.
From what I see at @Infinilex, this bears good news for cross-border builders in the space, albeit with a twist...
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Infinilex Consultancy retweetledi
CLARITY Act drama is not just noise, it’s a business-model shock for stablecoin yields & a structuring shock for anyone building cross-border.
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Infinilex Consultancy retweetledi
@Infinilex has moved into a new home online: infinilex.io.
As more of our work shifts toward Web3, RWA, exchanges and cross-border fintech across India • US • UAE, we wanted a domain that reflects that we sit where law, code and capital intersect.
Same firm, sharper wrapper.
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While the intent of the tweet is appreciable, it mixes up privacy tools with tax rules in a way that can get people into real trouble with the taxman.
A few important corrections:
▪️ Non-custodial or no KYC doesn’t change when income is taxable; it just changes who reports, not whether you owe taxes on the income.
▪️ In most serious jurisdictions, receiving crypto as payment is taxable income on receipt (FMV at that time), even if you never sell.
▪️ Paying someone in crypto is often a taxable disposal for you as well.
▪️ “No 1099 / no exchange reporting” is not equal to “no obligation”; your duty to report is usually tied to residency & source of funds, not the rail.
If you want to optimise legally, the real levers are:
– choosing the right jurisdiction,
– structuring the entity & flows of funds correctly, and
– keeping clean & comprehensive records.
That’s the kind of work we do at Infinilex– fixing crypto structures so they work with tax law, not against it.
StarPlatinum@StarPlatinum_
How to reduce taxes using crypto (Bookmark this) 1. Non-custodial crypto payments - Money goes wallet → wallet - No bank involved You decide when and how to report. Popular apps: BTCPay Server - Self-hosted - No KYC - 0% platform fees Blockonomics - Bitcoin only - Direct to your wallet - Simple for online shops CoinRemitter - Supports BTC, ETH, USDT, and more - No KYC - Auto-withdraw to your wallet 2. Lightning Network (off-chain Bitcoin) - Payments happen outside the main blockchain - No public payment history per transaction - Very fast and very cheap - Hard to trace individual payments Used for: - Freelancers - Online services - Small daily payments 3. Privacy coins (onchain privacy) - Transactions don’t show sender - Don’t show receiver - Don’t show amount Main ones - Monero (XMR) - Zcash (ZEC) 4. Self-hosted = no third-party reporting - No company collecting your data - No automatic 1099 forms - No exchange reporting your activity But: - You still own the legal responsibility - You keep your own records 5. Countries where crypto taxes are low or zero No capital gains tax on crypto 🇦🇪 UAE 🇶🇦 Qatar 🇧🇭 Bahrain 🇸🇬 Singapore (if not trading as a business) 🇵🇦 Panama (foreign-sourced income) Crypto friendly / low taxes 🇨🇭 Switzerland (private investors) 🇵🇹 Portugal (long-term holders) 🇨🇿 Czech Republic (long-term exemptions) 6. What usually does NOT trigger taxes - Receiving crypto as payment - Holding crypto - Paying someone in crypto - Moving crypto between your own wallets Taxes usually trigger when: - You sell crypto for fiat - You run a registered business - You are legally required to report 7. Common mistakes people make - Thinking “no KYC” means illegal - Thinking privacy = tax fraud - Using exchanges when they don’t need to - Not understanding their country’s rules Use crypto smart. Pick the right tools. Live in the right place.
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Infinilex Consultancy retweetledi
Incorporating in Dubai/Delaware/Singapore is becoming a default move for new-age businesses.
But “foreign parent=global” is not a strategy but a fallacy.
Let’s use Delaware as the example here.
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Infinilex Consultancy retweetledi
Infinilex Consultancy retweetledi
1. Raising via SAFE but leaving token upside on the table?
80% of Web3 founders we review do exactly that—then scramble later when investors demand it. The clean fix: Token warrants. Not exotic, just criminally underused. How we structure them properly at @Infinilex:
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Infinilex Consultancy retweetledi
SAFT is the 2nd topical thread in the series of WTF in Crypto.
WTF is a SAFT, and how is it different from a SAFE?
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Infinilex Consultancy retweetledi
Don't just be part of an ecosystem; become an enabler within it!
That's the philosophy & logic cited by @prashant__sha behind this series to help builders and founders and that sux for us at the design and marketing team but is a big win for builders, so follow along.
Prashant Sharma | Infinilex ⚖️@prashant__sha
For a lot of teams, “entity, DAO, SAFT, internal policies, KYC/AML for users & vendors” are still just buzzwords. So @Infinilex and I are starting a short series here on: How to pick and stack entities, How to document a DAO, What basic KYC/AML What policies you actually need, and What the heck is a SAFT document, and how to structure fundraising for a crypto business? Follow @Infinilex to catch the series.
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Infinilex Consultancy retweetledi
What a week in Abu Dhabi for us @Infinilex. Solid Breakpoint and even better partnerships.
We can visibly see a sense of sobriety and maturity in the builders and VCs.
No longer is the conversation centred around buzz words and shittokens.
This is the precursor to the next chapter of blockchain as it is ushered to the mainstream!
Bullish on the next gen of businders.
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