Compliance Status
Living compliance tracker for fXYZ Network regulatory authorizations, registrations, and infrastructure.
Compliance Status
This page provides a consolidated view of the fXYZ Network's regulatory compliance status across all jurisdictions and workstreams. It is maintained as a living document and updated quarterly or when significant regulatory milestones are reached.
Last updated: February 2026
License Applications
| License | Jurisdiction | Entity | Filed | Decision Expected | Status |
|---|---|---|---|---|---|
| Polish VASP Registration | Poland | FXYZ Sp. z o.o. | Completed | Completed | Active |
| MiCA CASP Class 3 | EU | TBD | Q1 - Q2 2026 | H2 2026 | Preparing |
| Payment Institution | EU | TBD | Q1 - Q2 2026 | H2 2026 | Preparing |
| Electronic Money Institution (EMI) | EU | TBD | H2 2026 - H1 2027 | 2027 | Phase 2 |
| MiFID II Investment Firm | EU | TBD | 2027 - 2028 | 2028 | Phase 3 |
| CMB License | Turkey | TBD | 2027 - 2028 | TBD | Phase 3 |
Registrations
| Registration | Jurisdiction | Status |
|---|---|---|
| VASP Registration (AML Act Art. 153b) | Poland | Active |
| Legal Entity Identifier (LEI) | Global | Pending |
| CRBR (Central Register of Beneficial Owners) | Poland | Active |
Token White Paper Status
Each network token requires a white paper under MiCA Title II. See Token Compliance for detailed classification analysis.
| Token | Classification | White Paper | iXBRL Conversion | NCA Notification |
|---|---|---|---|---|
| Florin (f) | Utility (Title II) | Drafting | Pending | Pending |
| Joule (J) | Utility (Title II) | Drafting | Pending | Pending |
| House of Wisdom (H) | Utility (Title II) | Drafting | Pending | Pending |
| fXYZ | Other (Title II) | Drafting | Pending | Pending |
Compliance Infrastructure
| Area | Requirement | Regulation | Implementation | Status |
|---|---|---|---|---|
| AML / KYC | Customer due diligence, ongoing monitoring, transaction screening | MiCA Art. 68, Directive (EU) 2015/849 | Privy identity verification, Bridge KYC integration | Active |
| Travel Rule | Originator and beneficiary data for digital asset transfers | Regulation (EU) 2023/1113 (Transfer of Funds Regulation recast) | Integration planned with compliant messaging protocol | In Progress |
| DORA | ICT risk management, resilience testing, incident reporting | Regulation (EU) 2022/2554 | Assessment phase, gap analysis underway | In Progress |
| GDPR | Data protection by design, lawful processing, data subject rights | Regulation (EU) 2016/679 | DID-based selective disclosure, minimized on-chain personal data | Active |
| Market Abuse | Surveillance, detection, and reporting of market manipulation | MiCA Art. 86 - 92 | Design phase | Planned |
| Order Book Records | Standardized order book record-keeping in JSON schema | Delegated Regulation (EU) 2025/416 | Design phase | Planned |
| Pre-Trade Transparency | Publication of bid and ask prices, order depth | MiCA Art. 76 | Design phase | Planned |
| Post-Trade Transparency | Publication of executed trade details (price, volume, time) | MiCA Art. 76 | Design phase | Planned |
| Complaints Handling | Documented procedures, timely resolution, record-keeping | MiCA Art. 71 | Design phase | Planned |
| Conflicts of Interest | Identification, prevention, disclosure of conflicts | MiCA Art. 72 | Policy drafting | In Progress |
Key Milestones
| Target Date | Milestone |
|---|---|
| Q1 2026 | CASP application preparation complete |
| Q1 - Q2 2026 | Submit MiCA CASP and Payment Institution applications |
| June 2026 | Network launch |
| July 1, 2026 | EU VASP transitional period expires (MiCA Art. 143) |
| H2 2026 | CASP authorization decision expected |
| H2 2026 - H1 2027 | EMI application (Phase 2) |
| 2027 - 2028 | MiFID II Investment Firm application (Phase 3) |
| 2027 - 2028 | Turkey CMB license application (Phase 3) |
Timeline estimates are based on published NCA processing commitments and standard legislative timelines. Actual dates depend on NCA workload, application completeness, and the pace of national implementing legislation.
Status Definitions
| Status | Meaning |
|---|---|
| Active | Completed and in force |
| Preparing | Application materials being assembled, legal counsel engaged |
| In Progress | Work underway, partial implementation deployed |
| Planned | Scoped and scheduled, not yet started |
| Phase 2 | Scheduled for the second licensing phase (H2 2026 - H1 2027) |
| Phase 3 | Scheduled for the third licensing phase (2027 - 2028) |
Update Cadence
This page is updated quarterly or when significant regulatory milestones are reached. Material changes, such as license approvals, NCA decisions, or changes in regulatory timelines, are reflected within 10 business days of the event.
For questions about the network's compliance status, contact the compliance team through the network's official communication channels.
References
- Regulation (EU) 2023/1114 — MiCA (EUR-Lex) — CASP authorization (Title V), transitional provisions (Article 143)
- Regulation (EU) 2022/2554 — DORA (EUR-Lex) — ICT risk management and digital operational resilience
- Regulation (EU) 2023/1113 — Transfer of Funds Recast (EUR-Lex) — Travel rule for digital asset transfers
- Regulation (EU) 2016/679 — GDPR (EUR-Lex) — Data protection requirements
- Delegated Regulation (EU) 2025/416 — Order Book Records — Standardized record-keeping for trading platforms
- PSD2 — Directive (EU) 2015/2366 (EUR-Lex) — Payment services authorization
- ESMA CASP Register — Public register of authorized CASPs
Disclaimer: The status information, timelines, capital estimates, and regulatory interpretations presented on this page are based on publicly available regulatory texts, NCA guidance, and internal project planning as of the date shown above. They do not constitute legal advice. Regulatory requirements, processing timelines, and capital thresholds are subject to change through delegated acts, regulatory technical standards, national implementing measures, and evolving supervisory practices. fXYZ Network engages qualified legal counsel in each relevant jurisdiction. Nothing on this page should be relied upon as a substitute for professional legal advice.