Yes. And even if you do all that and stay on the right side of the regulators, you’re not out of the woods. You then have to do additional work to minimise the chance that investors successfully sue you later too if they lose money.
And you need to do all that in every jurisdiction you touch, plus likely the US even if you don’t touch it.
And you need to do all that in every jurisdiction you touch, plus likely the US even if you don’t touch it.