Compliance Overview
DEOSX Foundation is committed to operating in full compliance with applicable laws and regulations across all jurisdictions where we provide services. This compliance framework ensures responsible operation of our decentralized infrastructure network.
Regulatory Framework
Primary Jurisdictions
DEOSX operates under the regulatory oversight of:
- Primary Registration: [Primary Jurisdiction]
- Secondary Jurisdictions: United States, European Union, United Kingdom, Singapore
- Service Territories: Global (subject to local restrictions)
Applicable Regulations
- Securities Laws: Token classification and distribution compliance
- AML/CFT: Anti-money laundering and counter-financing of terrorism
- Data Protection: GDPR, CCPA, and other privacy regulations
- Telecommunications: Network infrastructure and communication services
- Tax Compliance: Corporate and user tax obligations
Token Compliance
$NGN Token Classification
The $NGN token has been analyzed under various regulatory frameworks:
- Utility Classification: Designed as a utility token for network operations
- Howey Test Analysis: Structured to avoid securities classification in the US
- EU Regulations: Compliance with Markets in Crypto-Assets (MiCA) framework
- Ongoing Monitoring: Regular review of evolving regulations
Token Distribution Compliance
- No Public Sale: Tokens distributed through network participation only
- Geographic Restrictions: Compliance with local laws regarding token access
- Accredited Investor Rules: Where applicable, compliance with investment restrictions
- Registration Exemptions: Reliance on applicable regulatory exemptions
Anti-Money Laundering (AML)
AML Program Components
DEOSX maintains a comprehensive AML program including:
- Risk Assessment: Regular evaluation of money laundering risks
- Customer Due Diligence: Identity verification procedures
- Transaction Monitoring: Automated surveillance for suspicious activity
- Suspicious Activity Reporting: Reports to relevant authorities as required
Know Your Customer (KYC)
While DEOSX operates with zero-telemetry principles, we implement risk-based KYC measures:
- Basic Verification: Wallet connection and identity confirmation
- Enhanced Due Diligence: Additional verification for high-risk users
- Ongoing Monitoring: Continuous assessment of user activity
- Privacy Protection: Minimal data collection consistent with legal requirements
Data Protection Compliance
Global Privacy Laws
DEOSX complies with major data protection regulations:
- GDPR (EU): General Data Protection Regulation compliance
- CCPA (California): California Consumer Privacy Act
- PIPEDA (Canada): Personal Information Protection and Electronic Documents Act
- LGPD (Brazil): Lei Geral de Proteção de Dados
- Local Laws: Compliance with applicable regional privacy laws
Privacy by Design
- Data Minimization: Collect only necessary information
- Purpose Limitation: Use data only for stated purposes
- Storage Limitation: Retain data only as long as necessary
- User Rights: Implement mechanisms for data subject rights
Financial Services Compliance
Money Transmission
Where applicable, DEOSX complies with money transmission regulations:
- Licensing: Obtain required licenses where DEOSX qualifies as money transmission
- Reporting: File required reports with financial authorities
- Capital Requirements: Maintain required capital reserves where applicable