Regulatory Framework
As a German-based cryptocurrency service provider, CoRE Solutions GmbH operates under the regulatory oversight of the Federal Financial Supervisory Authority (BaFin) and complies with all applicable EU regulations.
German Banking Act (KWG)
Registered under §64y KWG for crypto custody business, authorization number: 145125. Our non-custodial wallet solutions are explicitly excluded from licensing requirements under current interpretation.
AML/CFT Compliance
Fully compliant with the German Money Laundering Act (GwG) and EU's 5AMLD/6AMLD directives. We implement risk-based KYC procedures for all applicable services.
GDPR Compliance
Our data processing practices fully comply with EU General Data Protection Regulation (GDPR) with particular attention to the unique aspects of blockchain data processing.
MiCA Readiness
Preparing for full compliance with EU's Markets in Crypto-Assets Regulation (MiCA) ahead of the 2026 deadline, particularly for our hosted wallet solutions.
Non-Custodial Model
Our wallet solutions are non-custodial by design, which means:
- We never have access to customers' private keys
- Users maintain full control over their assets
- Not classified as crypto custody under §1(1a) sentence 2 no. 6 KWG
- No deposit insurance coverage required
This model provides regulatory advantages while maintaining highest security standards.
Jurisdictional Restrictions
Prohibited Jurisdictions
Due to international sanctions and regulatory requirements, we do not provide services to:
- Cuba
- Iran
- North Korea
- Syria
- Crimea region
- Other OFAC-sanctioned countries
Restricted Services
Certain products may have additional geographic restrictions based on:
- Local cryptocurrency regulations
- Export control laws
- Tax reporting requirements
- Consumer protection laws