CryptoINK LLC Regulation & Security Law’s
Name: CryptoINK LLC
Date of formation: January 3, 2023
Delaware State File Number: 7215252
In the state of Delaware, there are several laws and regulations that pertain to cryptocurrency and blockchain technology.
The Delaware General Corporation Law (DGCL) has been amended to provide a legal framework for the use of blockchain technology in the creation and maintenance of corporate records, including the use of “distributed electronic networks or databases” to store and transmit corporate records.
Additionally, the Delaware Uniform Electronic Transactions Act (UETA) and the Delaware Electronic Signatures and Records Act (ESRA) provide for the legal recognition and acceptance of electronic records and signatures, including those created using blockchain technology.
Delaware has also established the Delaware Blockchain Initiative, which is a public-private partnership aimed at promoting the development and adoption of blockchain technology in the state. The Initiative works to facilitate the use of blockchain technology in a variety of applications, including supply chain management, financial services, and public record keeping.
It is important to note that while these laws and initiatives provide a supportive environment for the use of blockchain and cryptocurrency in Delaware, it is still important for individuals and businesses to be aware of and comply with any relevant federal laws and regulations regarding the use of these technologies.
USA – Delaware “LLC” Law
A limited liability company (LLC) is a business structure that combines the liability protection of a corporation with the tax benefits of a partnership. In the state of Delaware, LLCs are governed by the Delaware Limited Liability Company Act (LLCA).
Under the LLCA, an LLC is a legal entity separate from its members (owners). This means that the LLC, rather than the individual members, is responsible for the debts and obligations of the business. This can help to protect the personal assets of the members from being seized in the event that the LLC is sued or incurs debt.
The LLCA also provides for flexibility in the management and operation of an LLC. An LLC can be managed by its members (member-managed), or it can be managed by one or more managers who may or may not be members of the LLC (manager-managed).
In Delaware, LLCs are also required to file an annual report with the state, but they are not required to hold annual meetings or have a board of directors.
It is important to note that while the LLCA provides a legal framework for LLCs in Delaware, LLCs may still be subject to federal and state taxes, as well as other regulations, depending on the nature of the business and the state in which it is operating. It is advisable for individuals considering forming an LLC to consult with a qualified legal professional to ensure that they are in compliance with all applicable laws and regulations.
“By using the CryptoINK LLC ” platform and trading the CIK token, you acknowledge and agree that you are doing so at your own risk. The company does not accept any responsibility for any losses or damages that may result from the trading of the CIK token or the use of the CryptoINK platform. You understand that cryptocurrency trading carries inherent risks, including price volatility, and that the company is not responsible for any such risks. You further acknowledge and agree that any legal agreements you enter into in connection with your use of the CryptoINK platform and the trading of the CIK token are subject to the laws of the jurisdiction in which you are located, and that such agreements may be subject to limitations or exceptions under the law.”
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