11. Legal and Regulatory Information

At AssetAi, we prioritize compliance with legal and regulatory standards to ensure a secure, transparent, and trustworthy platform for our users. Our operations adhere to the applicable laws governing blockchain technology, tokenized assets, and financial transactions.

Compliance Framework

1. Regulatory Approvals

AssetAi is committed to maintaining full compliance with the regulatory requirements of the regions where it operates, including:

  • Central Bank of the UAE

  • Securities and Commodities Authority (SCA), UAE

  • Financial Services Regulatory Authority (FSRA)

  • Dubai Financial Services Authority (DFSA)

2. Licensing

  • AssetAi has secured the necessary licenses to operate as a Stored Value Facility and tokenized asset provider.

  • Legal opinions have been obtained to validate the use of blockchain and AI within the scope of real estate transactions.

Data Privacy and Protection

1. GDPR and Data Security

AssetAi complies with the General Data Protection Regulation (GDPR) and other relevant data protection laws to safeguard user information. Measures include:

  • End-to-End Encryption: Ensures the confidentiality of user data.

  • Data Anonymization: Limits access to sensitive information.

2. Transparency in Data Use

We maintain transparency in how user data is collected, stored, and utilized. Users can review our detailed Privacy Policy on the platform.

AML and KYC Policies

1. Anti-Money Laundering (AML)

AssetAi enforces robust AML policies to prevent financial crimes, including:

  • Monitoring and reporting suspicious activities.

  • Conducting regular audits and compliance checks.

2. Know Your Customer (KYC)

To ensure platform integrity, all users are required to:

  • Complete identity verification during registration.

  • Provide valid identification and proof of address.

Token Legal Classification

ASST Coin has been evaluated to ensure compliance with token classification regulations. It is categorized as a utility token designed for use within the AssetAi platform and does not represent a security.

Property Tokenization and Ownership

AssetAi’s tokenized real estate model complies with legal frameworks for property ownership:

  • Fractional Ownership: Users own a proportional share of a property through digital tokens.

  • Smart Contract Enforcement: Legal agreements for ownership and rental income are embedded in blockchain-based smart contracts.

Risk Disclosures

Investments in tokenized real estate and cryptocurrency involve inherent risks. Users are advised to:

  • Review the Terms and Conditions of the platform.

  • Conduct due diligence and seek professional advice before investing.

Dispute Resolution

AssetAi provides a transparent mechanism for resolving disputes:

  • Support Team: Contact us at support@assetaitech.org for assistance.

  • Arbitration: In case of unresolved disputes, arbitration will be conducted under the laws of the UAE.

Future Compliance Roadmap

2025:

  • Expand regulatory coverage to additional jurisdictions for global platform accessibility.

2026:

  • Partner with international legal experts to continuously update compliance measures.

2027 and Beyond:

  • Implement real-time compliance monitoring powered by AI.

Contact for Legal Inquiries

For specific legal or regulatory inquiries, please reach out to: 📧 legal@assetaitech.org

🌐 Visit our website: assetaitech.org

AssetAi: Innovating with Integrity.

Last updated