Our commitment to regulatory compliance and user protection
LuxBit is committed to operating within the regulatory frameworks of all jurisdictions where we provide services. We implement industry-leading compliance measures to ensure the safety of our users' assets and the integrity of our platform. Our approach is proactive, working closely with regulators to shape the future of digital asset regulation in the luxury goods sector.
Multi-tier identity verification for all users, with enhanced due diligence for high-value transactions.
Comprehensive transaction monitoring and suspicious activity reporting systems.
Physical vault custody with insurance coverage and regular audits.
GDPR-compliant data handling with encryption and access controls.
| Region | Entity | Status | Licenses |
|---|---|---|---|
| Hong Kong SAR | LuxBit Technology Limited | Operational | Money Service Operator (pending), Virtual Asset Service Provider (application in progress) |
| British Virgin Islands | LuxBit Foundation | Registered | Foundation Company |
| Singapore | LuxBit Pte. Ltd. (planned) | Planned | Payment Services Act license (planned) |
Digital Asset Risks: Trading digital assets involves significant risk. The value of digital assets can be highly volatile and may result in partial or total loss of investment.
Regulatory Risks: The regulatory environment for digital assets is evolving. Changes in regulations may affect the availability or functionality of our services in certain jurisdictions.
Custody Risks: While we implement industry-leading security measures, no system is completely immune to risks including theft, loss, or damage to physical assets.
Market Risks: Luxury goods markets can be affected by economic conditions, consumer preferences, and other factors beyond our control.
For compliance-related inquiries, regulatory questions, or to report suspicious activity:
Email: [email protected]
Regulatory Inquiries: [email protected]