# Compliance & Regulation

Fiverse is built from the ground up with regulatory compliance and investor protection in mind.

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### Legal Structure & Prospectus Exemption

Fiverse is operated by a French **SAS (Société par Actions Simplifiée)**. Under current EU and French regulations:

* Offers of securities to the public under **€8 million** in any rolling 12-month period are **exempt** from producing a full prospectus, following France’s transposition of EU Prospectus Regulation (EU 2017/1129).
* A **Summary Information Document (DIS)** is required instead, as per AMF Instruction 2018‑07. It’s shorter (\~8 pages) and must be filed with the AMF and published on Fiverse pre-offer.

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### Identity Verification (KYC/AML)

We use **SumSub** for a fast and compliant KYC experience—completed in under 5 minutes.\
KYC is mandatory for users wishing to invest with EUR payments.\
Web3 wallet users exploring the platform are not required to complete KYC in advance.

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### Privacy & Data Security

* Personal data is stored securely on **EU-hosted servers**, fully **GDPR-compliant**.
* Identity documents are **never** saved on-chain.
* AMF-sanctioned procedures guide data management and retention policies.

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### Compliant Token Standard

Fiverse leverages **ERC-3643**, a regulated token standard enabling:

* **On-chain identity binding** (whitelists KYC-approved investors)
* **Transfer restrictions** in line with securities regulations
* Full **auditability** of token ownership and transfer trails
