Subscriber maintenance for IT companies
Our lawyers handle a range of IT legal services for software companies under the Time & Material and Fixed Price system.
Get detailsAbout company and product
Intellabridge is a fintech company based in Boulder, Colorado and registered as a public company in Canada trading on the Canadian Securities Exchange, the OTC Markets in the United States, and the Frankfort Börse in Europe, and regulated by the Ontario Securities Commission.
Mastercard has selected Intellabridge to participate in the Start Path program.
The company developed payment products Kash and Karma.
Kash is a project based on blockchain technologies and decentralized finance, aiming to provide hybrid banking solutions. The platform ran on the Terra blockchain and the Torus blockchain system.
Audit
- Intellabridge turned to Stalirov’s IT lawyers to create an internal legal department to perform tasks in various legal specializations, such as:
- 🔸The audit of contracts with banking and payment providers.
- 🔸An analysis of the conditions for running a crypto business in Europe, the USA and Asia.
- 🔸GDPR/CCPA compliance of crypto platforms.
- 🔸Team onboarding/offboarding.
During the audit phase, IT lawyers found that in order to achieve the goals, the company needs to:
The Stalirov&Co team has identified the following areas of work:
The Stalirov&Co team prepared legal opinions on the crypto company's work in Germany
Realization:
- The lawyers developed a structure for interactions
between Intellabridge and Solarisbank, a company
with a full German banking license. - Prepared an overview of BaFin, ESMA and FATF requirements
for companies that deal with digital assets. - Reviewed the advertising requirements for the Kash
platform and prepared recommendations on using
social networks for advertising purposes.
The Stalirov&Co team prepared legal opinions on obtaining a license in the United Arab Emirates
Realization:
- The lawyers outlined the procedure for
obtaining a commercial license. - Codified the features of the free economic zone in the UAE.
- Advised on the best practices for interactions
between Kash and local banks.
The Stalirov&Co team prepared a legal opinion on the regulation of cryptocurrencies in Canada
Realization:
- The lawyers reviewed the requirements of the Financial Transactions and Reports Analysis
Center of Canada (FINTRAC), Canadian Securities Administrators (CSA)
and Investment Industry Regulatory Organization of Canada (IIROC). - Described when crypto asset trading platforms are subject to
Canadian securities legislation and must register as dealers.
The Stalirov&Co team prepared a legal opinion on the integration of Kash with the American crypto-custodian Prime Trust
Realization:
- The lawyers determined the requirements of the Commodities and
Futures Trading Commission (CFTC), Federal Trade Commission (FTC),
Securities and Exchange Commission (SEC) and
Financial Crimes Enforcement Network (FinCEN). - Concluded that Intellabridge did not need to register a company
as a Money Services Business (MSB) nor obtain a license in the USA.
The Stalirov&Co team developed a Privacy Policy for the Kash platform
Realization:
- The lawyers compiled a list of personal
data collected by the Kash platform. - Described what information
is collected automatically. - Informed users about
the use of cookies. - Cataloged how the platform uses
the collected information. - Compiled a list of data
collection purposes. - Identified situations where data may
be transferred to third parties. - Set the status of links to other websites
on the platform and created disclaimers. - Indicated the term and
location of data storage. - Described the security measures
that the platform implements. - Informed users about their rights and
the procedures for exercising them. - Notified users of their ability
to opt out of advertising via email,
SMS, calls, and pop-up notifications.
The Stalirov&Co team developed Terms of Use for the Kash platform
Realization:
- The lawyers set age limits.
- Documented the functionality of the platform
and explained how it works. - We added the disclaimer: Kash is not a decentralized exchange,
broker, agent, fiduciary or alternative trading system. - Notified users about the risks of selling and buying virtual currency
and created a disclaimer about the absence of guarantees from Kash. - Described the integration of the platform with
third-party websites, blockchain and applications. - Added a disclaimer stating that Kash is not responsible for the content
of third-party resources and services of third parties. - Described the interactive functions of the platform and
required users to use the product within the law. - Informed users of the restriction or termination of access
to the platform for violating the Terms of Use. - Protected Intellabridge's intellectual property rights to software,
code, text, graphics, video, audio, design, and other objects. - Prohibited the use of trademarks without the
prior written permission of Intellabridge. - Limited Kash's liability for losses
that the user may incur.
The Stalirov&Co lawyers supported the onboarding/offboarding of internal and external team members
Realization:
- The lawyers documented specialists’
rates and working time limits. - Designated the independent contractor
status of team members. - Prohibited disclosing confidential information and poaching
Intellabridge’s specialists, contractors, and clients. - Restricted the ability to provide services
to direct competitors of Intellabridge. - Required team members to return all confidential
information after the termination of a contract. - Documented the transfer of intellectual property
rights from specialists to Intellabridge. - Codified the intellectual property rights that
Intellabridge receives from team members.
5 measurable outcomes of subscription services for Intellabridge
