Regulatory Compliance
PROOF Protocol operates under established regulatory exemptions that allow private B2B token distribution without requiring a CASP license under the Markets in Crypto-Assets (MiCA) regulation.
No CASP License Required
Yet Technologies does not require a Crypto-Asset Service Provider (CASP) license under MiCA because our token distribution model falls under established exemptions for private placements and wholesale transactions.
Most blockchain projects operate similarly - private token distribution to qualified investors and strategic partners does not trigger CASP licensing requirements. CASP licenses are needed for public exchanges, custody services, and retail-facing crypto services.
MiCA Exemptions Applied
Legal frameworks supporting our distribution model
Private Placement Exemption
Offers addressed solely to qualified investors and not exceeding 150 persons per Member State.
How PROOF Protocol Complies
Yet Technologies distributes PROOF exclusively through vetted B2B allocations to qualified enterprises. No public offers are made.
Wholesale Transaction Exemption
Offers with minimum consideration of €150,000 per investor, calculated over 12 months.
How PROOF Protocol Complies
Our minimum enterprise commitment is €50,000-100,000, and strategic partnerships often exceed €150,000, qualifying for wholesale exemption.
Utility Token Classification
Tokens designed primarily for consumption (utility) rather than investment may have reduced requirements.
How PROOF Protocol Complies
PROOF tokens are consumed in compliance operations (10 PROOF per API record, 50% burned). Primary use is operational, not speculative.
Compliance Strategy
Four pillars of our regulatory approach
No Public Token Sale
PROOF tokens are never offered to the general public. No ICO, no exchange listings, no retail investors.
B2B Distribution Only
All token allocations occur through private business-to-business agreements with qualified companies.
SaaS Revenue Model
Primary business model is SaaS: companies pay EUR for compliance services, Yet Technologies handles token operations internally.
Vetted Enterprise Partners
All token recipients undergo qualification review. Not all applicants are approved.
Legal Structure
Corporate and token structure
Yet Technologies SARL-S
PROOF Token
Important Disclaimers
Not Legal Advice: This page provides general information about our regulatory approach. It is not legal advice. Consult qualified legal counsel for specific regulatory questions.
Not Investment Advice: PROOF tokens are utility tokens for compliance operations, not investment securities. Token distribution is based on genuine business needs, not speculation.
Regulatory Evolution: MiCA regulations became fully applicable in December 2024. Regulatory frameworks may evolve. Yet Technologies monitors regulatory developments and adjusts compliance strategies as needed.
Jurisdiction-Specific: This compliance strategy applies to EU operations under Luxembourg law and MiCA regulation. Different rules may apply in other jurisdictions.
Regulatory Resources
Official references and guidance
MiCA Regulation Full Text
Official EU regulation on Markets in Crypto-Assets (Regulation 2023/1114)
ESMA MiCA Guidance
European Securities and Markets Authority official MiCA guidance and Q&A
CSSF Luxembourg
Commission de Surveillance du Secteur Financier - Luxembourg financial regulator
PROOF Protocol White Paper
Detailed technical and regulatory documentation for PROOF Protocol
Questions About Compliance?
Our legal team can address specific regulatory questions about PROOF Protocol.
Contact Legal Team