Why did you decide to use Mongolia as the base country? do you have any agreements with the local authorities ?
This is a good country for such actions. There is cheap coal and there is a very small population density.
In fact, the project has a good future. And in Mongolia now such projects will be welcomed. So there will be no problems on the part of the law and licenses.
If this is a legit project, this is the first time to encounter a Mongolian-based blockchain project. let's see if they can push thru this project and deliver their objectives...