3.11.3. Legal and Regulatory Aspects of the Ecosystem
To ensure seamless user interaction with ecosystem elements and facilitate local payments in their respective national currencies, an appropriate legal framework will be implemented. This will ensure full compliance with regulatory requirements and create conditions for incorporating DeflationCoin into the strategic reserves of central banks in these countries.
When forming the legal framework, decentralized legal solutions will be employed to establish a link between smart contracts and traditional legal agreements.
These technologies enable the automation of obligation fulfillment and ensure their legal enforceability in the real world. Examples include platforms like OpenLaw, Legalese, Mattereum, and Rocket Lawyer, which integrate blockchain technologies with legal processes, simplifying the drafting and execution of contracts.
Criteria for Selecting Jurisdictions to Register Deflationary Ecosystem Elements:
Demonstrates loyalty and a positive attitude toward the crypto sphere.
Offers a low tax rate for the IT sector.
Provides a fair and transparent judicial system.
To minimize risks of political interference, diversification across jurisdictions will be implemented. The most suitable legal frameworks will be selected for the various elements of the deflationary ecosystem.
Legal contracts will specify that all decisions made through the PoD (Proof of Decision) voting method (Section 3.17) must be implemented in the real sector — whether it is adjusting the dividend interest rate or selecting a new leader for any element of the ecosystem.
Important Notice!
This document does not constitute investment, financial, or legal advice and it is provided only for informational purposes. The use of the presented technology and participation in the project are at the user's own risk including potential financial or other losses. The developers and project authors are not responsible for decisions made by participants and for any direct, indirect, incidental or other damages arising from the use or inability to use the product. The product terms and features are subject to change without prior notice, and users are solely responsible for assessing all associated risks and ensuring compliance with applicable laws.
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