A protocol team arriving in the Gelephu Mindfulness City has two questions the code cannot answer: who around the protocol is carrying on a regulated activity, and what legal person the collective actually is. GMC has no DAO statute, no foundations statute and no DeFi carve-out. Basnet Law Pte.

Mapping every person around the protocol, from deployer to multisig signers, and testing each against the regulated activities.

Designing for the exclusions that protect true infrastructure: interfaces that merely enable communication, routers that do not match orders, and no team-controlled keys over user assets.

Forming the wrapper: a company whose constitution binds directors to on-chain votes, or an LLP whose agreement carries the governance rules.

Structuring a not-for-profit or treasury vehicle where a foundation would be used elsewhere, using the entities GMC actually provides.

Advising foreign teams on the non-GMC person exclusions and on marketing into GMC.

Where a venue, vault or custody function is regulated, preparing the GFSO application and the resident Approved Person appointments.

Protocol teams deciding whether to build from Gelephu and what needs a licence. Token-holder collectives that need legal personality and limited liability. Projects that would use a foundation elsewhere. Foreign DeFi teams with GMC users or GMC-facing marketing.