REGULATORY STATEMENT
Regulatory &
Compliance
A transparent overview of our regulatory classification, legal structure, and the general compliance standards that govern Premium Black.
Current Regulatory Classification
Based on the current legal and structural assessment, Premium Black is not subject to regulatory requirements under financial supervisory law. The platform does not act as a custodian, financial intermediary, or provider of investment services.
Under its present structure, there is no obligation to obtain a financial services licence, banking licence, or any comparable regulatory authorisation.
Legal Foundations
The following points outline why Premium Black is not subject to financial supervision under applicable law.
No Custody of Client Funds
Premium Black does not hold, manage, or control client funds or crypto assets at any point. The platform is designed to be fully non-custodial.
Cf. § 1 (1a) KWG — No financial service due to the absence of custody or management of financial instruments on behalf of others.
No Financial Intermediation
The platform does not act as a regulated intermediary between parties. Its function is exclusively technical and infrastructural in nature.
Cf. § 2 (1) ZAG — No payment service, as no funds are received, transferred, or executed.
No Investment Services
Premium Black does not provide investment advice, portfolio management, or any other licensed financial products or services.
Cf. Art. 3 (1) No. 16 MiCAR — No crypto-asset service within the meaning of EU Regulation 2023/1114.
Structural Classification
Premium Black is structured as a non-custodial payment and infrastructure model. Client funds are not held by the platform at any time. Transactions are not processed in a manner that would place Premium Black in the role of a bank, account provider, exchange, custodian, or investment firm.
This classification is based on:
- § 1 (1a) KWG — No financial service, as no custody, management, or acquisition/disposal of financial instruments on behalf of others takes place.
- § 2 (1) ZAG — No payment service, as no funds are received, transferred, or executed.
- Art. 3 (1) No. 16 MiCAR (Reg. 2023/1114) — No provision of crypto-asset services within the meaning of the EU Markets in Crypto-Assets Regulation.
- § 32 KWG — No authorisation required, as no licensable activities under the German Banking Act are conducted.
This position reflects the current structure and operational design of the project and is subject to ongoing legal review.
COMPLIANCE
General Legal Compliance
While Premium Black is not subject to financial licensing requirements under its current structure, the company remains fully committed to compliance with all other applicable legal obligations.
This includes data protection law, IT security requirements, general commercial and corporate law, as well as internal compliance review processes.
This page is for general informational purposes only and does not constitute legal advice. The regulatory classification presented is based on the current project structure and is subject to ongoing review. Changes in legislation or business structure may necessitate a reassessment.