Legal Considerations
Regualtory Compliance
Know your Customer (KYC):
Required for merchant accounts over $10,000 monthly volume
Automated identity verification for individual users
Enhanced due diligence for high-risk jurisdictions
Anti-Money Laundering (AML):
Transaction monitoring and suspicious activity reporting
Compliance with local AML regulations in supported countries
Partnership with regulatory technology providers
Securities Law:
Token classified as utility token, not security
Howey Test analysis and legal opinion obtained
Ongoing monitoring of regulatory developments
Data Protection
Privacy Compliance:
GDPR compliance for European users
CCPA compliance for California residents
Minimal data collection with user consent
Regular security audits and penetration testing