Regulatory Compliance by Jurisdiction

The ProofPay platform is committed to regulatory compliance in every market in which we operate. As part of our phased rollout strategy, the platform will become available in multiple jurisdictions, including (but not limited to):

United States, European Union, Singapore, United Arab Emirates, Hong Kong, India, China, South Korea, Japan, Panama, Brazil, South Africa, Canada, and Ukraine.

This reflects the evolving nature of national and international regulations on digital currency, programmable money, and cross-border payments.

Jurisdiction-specific considerations include:

• United States: Requires money transmitter licensing (MTL), compliance with FinCEN, and oversight from agencies such as CFPB, SEC, and CFTC.
• European Union: Governed by MiCA, E-Money Directive, PSD2, and GDPR requirements.
• Singapore: Covered by the Payment Services Act (PSA) and supervised by MAS for token issuance and AML/CFT compliance.
• United Arab Emirates: Subject to VARA and ADGM sandbox regulations for virtual assets.
• Hong Kong: Requires approval from HKMA and SFC in line with regional stablecoin policies.
• India: Compliance with RBI rules, FEMA, and data localization mandates is required.
• China: Deployment dependent on PBoC guidance and cross-border pilot authorization.
• South Korea: Requires VASP registration, AML procedures, and oversight by the FSC.
• Japan: Regulated by the Payment Services Act as a funds transfer or prepaid instrument provider.
• Panama, Brazil, South Africa, Canada, Ukraine: Compliance underway with CVM, Central Bank of Brazil, IFWG, FINTRAC, and National Bank of Ukraine.

ProofPay will only launch features in jurisdictions where compliance is achieved. The timeline may vary based on licensing, regulator feedback, and legal clearance.

ProofPay reserves the right to delay or restrict platform availability in any country due to legal or policy changes.