8. Regulatory and Legal Considerations

Navigating Global Compliance with Precision and Integrity

Qorra's operations are deeply rooted in the principles of security, trust, and adherence to legal frameworks, highlighting the paramount importance of regulatory compliance within the finance and insurance sectors. While our corporate headquarters are based in Australia, showcasing a commitment to meeting the rigorous standards set by local regulatory bodies, we operate as a global organisation. We embrace the diverse regulatory landscapes of jurisdictions worldwide, engaging with local and international regulatory authorities to ensure full compliance. Our proactive approach to understanding and adhering to these varying legal requirements underscores our dedication to providing secure, trustworthy services on a global scale.

International Regulatory Strategy

Our token's regulatory adherence is guided by the framework established by the Australian Securities and Investments Commission (ASIC), setting a solid foundation for our compliance efforts. Recognizing the global nature of our client base, Qorra engages with a panel of legal advisors specializing in international blockchain regulation. This proactive approach ensures we stay ahead, understanding and complying with the specific legal requirements across the countries we serve.

AML and KYC Compliance

In line with Australian Transaction Reports and Analysis Centre (AUSTRAC) directives, Qorra rigorously implements Anti-Money Laundering (AML) and Know Your Customer (KYC) policies with the help of Stripe. Expanding this adherence, we are forging partnerships with international RegTech companies, aiming to synchronise our operations with global regulatory standards, thus maintaining transparency and legality in cross-border transactions.

Regional Compliance and Customer Support

To address the nuances of local regulations, Qorra is investing in regional compliance teams equipped to manage local legalities, offer customer support across time zones, and overcome any language barriers. This strategic move not only solidifies our regulatory standing but also enhances our service delivery to international clients.

Tax Guidance and Advisory Partnerships

Understanding the tax implications of transacting with Qorra tokens is paramount for our users. To this end, we are developing comprehensive tax guides tailored to various jurisdictions. Further, we are exploring collaborations with tax advisory firms to equip our users with essential resources for navigating potential tax obligations in their respective regions.

Commitment to Global Standards

As Qorra embarks on global expansion, our unwavering commitment to security, trust, and legality remains at the forefront. We are dedicated to upholding the highest regulatory standards, ensuring a trustworthy and compliant platform for our users worldwide.