Legibloq FAQ - Frequently Asked Questions

We have a network of specialized notaries experienced in cryptocurrency transactions, ready to assist with formalities.

We offer a conventional escrow adapted to transaction needs, providing security and flexibility for different types of operations.

Because cryptocurrencies are still new to real-estate professionals, we ask the buyer to secure the deal by blocking the funds for the transaction, adding a safety margin that depends on the asset being used.

It is managed just like in a standard real-estate deal: after the preliminary sale agreement is signed, the designated escrow holder receives the escrow deposit in euros into their account.

Our solution addresses the challenge of reinvesting crypto-assets into the traditional economy. We enable crypto holders to invest in established economic sectors with full security and legitimacy, ensuring confidence and clarity for all stakeholders involved.

Legibloq is for anyone involved in a transaction with cryptocurrencies (crypto holders, regulated professionals like lawyers and notaries, real estate or finance professionals, etc.).

When reinvesting digital assets in the real economy (stocks, company shares, real estate investments, donations, loans, etc.), various intermediaries are needed.

Since this asset class is relatively new, these intermediaries may struggle to fully understand the generated flows.

That's why we created a comprehensive solution to ensure a smooth, transparent, and secure process for all parties involved.

Our service can include tax advice to help understand the rules related to capital gains generated by the operation.

This will help anticipate the provision for taxes resulting from the operation.

Additionally, we can connect you with our network of partners who specialize in this type of advice (lawyers, notaries, real estate and finance professionals).

Legibloq makes it possible to secure any transaction involving the transfer of digital assets to a trusted third party (notary, lawyer, auction house), including:

• Real estate purchases

• Business acquisitions

• Capital contributions to a company

• Acquisition of high-value movable assets (e.g., cars, luxury watches, yachts)

• Auction sales

For any specific needs, our team remains at your disposal.

Transparency is a core value of our service. Throughout the entire escrow period, you have viewing access to your assets. They won’t be mixed with other users’ funds; instead, they’ll be segregated on a unique address.

Even when clients are in good faith and provide the necessary documentation, traditional banks still sometimes view digital assets negatively. As a result, it's unfortunately common for banks to unilaterally close accounts, block transfers, or refuse to accept funds from crypto asset sales.

Our solution enables the transfer of sale proceeds directly to the appropriate beneficiary, without needing to involve your bank.

If the transaction is canceled, crypto funds are returned to the buyer. This way, no taxable event occurs.

The funds are guaranteed to be available at the time the escrow is resolved. Accepted cryptocurrencies are rigorously selected, and any potential volatility is accounted for at the time of deposit, with over-collateralization by the buyer when necessary. The conversion to fiat currency is guaranteed at the time of escrow resolution.

The security of the funds is a priority. It is ensured by a PSAN (Digital Asset Service Provider) registered with the AMF (French Financial Markets Authority), which meets strict standards. Funds are secured through professional, proven solutions that are leaders in their fields.

No, Legibloq doesn't have a magic wand to avoid the taxes that apply to the planned transactions.

However, since the taxable event is the conversion of your crypto to fiat, our solution ensures this conversion only happens when the transaction is finalized. So, if the transaction is postponed or canceled, you don't risk converting your assets unnecessarily and being liable for tax.

If necessary, our network of partners will be able to support you in this area.

The taxation of the transaction only concerns the buyer. Our team advises the buyer on tax considerations to ensure their transactions comply with current regulations.

In France, taxation for cryptocurrencies includes the flat tax on capital gains (or income tax) for the buyer. Our experts can guide you on the specific tax implications of your transaction, ensuring full compliance with regulations.

We prevent risks through strict compliance and secure protocols, ensuring peace of mind for you and your clients during transactions.

We guarantee 100% availability of funds in euros on the day the escrow is resolved, thanks to prior risk analysis. However, we may refuse funds if we believe there’s a risk for any party involved in the transaction.

When using cryptocurrencies, beyond the usual regulatory risks, additional risks may arise from the type of cryptocurrency the buyer wants to use and how it is secured.

Legibloq addresses these issues by selecting the accepted cryptocurrencies and using a regulated solution that involves a strict compliance process and a secure, dedicated storage.

Legibloq charges a fee on the funds allocated to the transaction. The fee is set when the contract is signed with the buyer and deducted at each call for funds.

No, the service is free for them.

They are handled exactly as in any real-estate transaction: once the call for funds is issued, the notary receives their fees in euros directly into their account.

Our solution partners with Nilos, a PSAN registered with the AMF under number E2023-074. Nilos provides a secure and compliant framework for crypto transactions and custody, in line with the latest regulatory standards. For more information, visit (https://www.nilos.io).

As with any financial transaction, the legal obligations include identifying the buyer and the origin of their funds, as well as compliance with anti-money laundering (AML) and anti-terrorism financing regulations.

Legibloq ensures this compliance throughout the entire transaction process.