In the digital asset economy, data is both your greatest asset and your most profound liability. For VASP-registered exchanges and DeFi protocols, the security of user data and platform integrity is not an IT issue—it is a core business and legal imperative. A data breach or cyber attack can lead to catastrophic financial loss, regulatory investigation, and a complete erosion of user trust. Legal Sandbox Georgia provides expert legal counsel to architect a formidable legal framework, ensuring you are protected from both external threats and regulatory scrutiny.
Our approach is built on two pillars. First, we ensure your full compliance with landmark data privacy laws. We provide comprehensive guidance on Georgia’s Law on Personal Data Protection and the EU's GDPR, which often applies to crypto businesses serving European users. This includes conducting data privacy audits, drafting compliant privacy policies and user consent forms, and, where necessary, interfacing with the Personal Data Protection Service on your behalf.
Second, we focus on proactive cybersecurity risk management from a legal perspective. This includes advising on best practices for safeguarding user funds and implementing internal policies that meet the stringent standards set for VASPs by the National Bank of Georgia (NBG). The cornerstone of our work is developing a comprehensive Cybersecurity Incident and Data Breach Response Plan. This critical document outlines the exact steps to take in a crisis—from initial containment and investigation to meeting legal obligations for customer notification and regulatory reporting. In the event of a security incident, having a pre-established, legally sound plan is the difference between a managed crisis and a corporate disaster.