Sapphire Swap
  • Sapphire Swap Overview
    • Introduction
    • Mission and Vision
    • The Challenge
    • Our Solution
  • Key Features
    • Ecosystem Highlights
      • Gembidder
      • Gemstake
      • Sapphire Fund
      • Sapphire & CO
      • Sapphire Agent
      • SapphireX
  • Strategic Insight
    • Market Opportunity
      • Global Gemstone & Jewelry Market Overview
      • Blockchain Adoption and Growth Trends
      • Competitive Positioning in the Market
    • Business Model
      • Revenue Stream
      • Profit allocation
      • Operational framework
    • Customer profile
      • Target Audience breakdown
      • Unique Value Proposition for Buyers, Investors, and Stakeholders
    • Value Preposition
  • Financials
    • Traction
      • Progress and Early Achievements
      • Partnerships and Milestones Achieved
    • Financial Forecast
      • Projected Revenue and Profitability
      • ROI Expectations for Investors
      • Break-Even and Growth Timeline
    • Tokenomics
  • Utility
    • Deflationary Mechanisms and Staking
  • Roadmap
    • Roadmap
  • Additional
    • Technology & Security
      • Blockchain Infrastructure
      • AI Agent and Ecosystem Automation
      • Smart Contract Audits and Security Protocols
    • Freelance Sale Model
      • Empowering Community Members
      • Commission-Based Earnings and Incentives
    • Competitive Advantage
      • How Sapphire Swap Stands Out
      • Competitor Analysis and Differentiation
    • Go-To-Market Strategy
      • Global Launch Plan
      • Marketing and Community Engagement
      • Partnerships with Influencers and Key Players
    • Technical Diagrams and Market Data
  • FAQs And Legal
    • FAQs
    • Legal and compliance
      • Adherence to Local and Global Regulations
      • Token Classification and Legal Framework
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On this page
  • 1. Compliance with Local Laws
  • 2. International Regulatory Standards
  • 3. Token Classification and Legal Support
  • 4. Security and User Protection
  • 5. Ethical and Sustainable Practices
  1. FAQs And Legal
  2. Legal and compliance

Adherence to Local and Global Regulations

1. Compliance with Local Laws

  • Sri Lanka’s Regulatory Framework:

    • Sapphire Swap ensures full compliance with gemstone export laws and financial regulations in Sri Lanka.

    • Operates within the guidelines set by the Central Bank of Sri Lanka for crypto-related transactions.

2. International Regulatory Standards

  • Global Blockchain Regulations:

    • Aligns with international standards for blockchain and cryptocurrency operations, including AML (Anti-Money Laundering) and KYC (Know Your Customer) protocols.

  • Gemstone Export Compliance:

    • Adheres to import/export requirements for gemstones across target markets such as the USA, Europe, and Asia-Pacific.

3. Token Classification and Legal Support

  • Utility Token Classification:

    • SFT tokens are structured as utility tokens to avoid securities regulations and ensure broader adoption.

  • Legal Counsel:

    • Partners with top-tier legal advisors to navigate complex regulatory landscapes and provide ongoing compliance support.

4. Security and User Protection

  • Smart Contract Audits:

    • Conducts regular audits of smart contracts to ensure transparency and prevent vulnerabilities.

  • User Privacy:

    • Implements GDPR-compliant data protection measures to safeguard user information.

  • Secure Transactions:

    • Utilizes blockchain encryption and multi-signature wallets for secure and traceable transactions.

5. Ethical and Sustainable Practices

  • Ethical Sourcing:

    • Works with certified mines to ensure gemstones are sourced responsibly without exploitation.

  • Sustainability Initiatives:

    • Commits to minimizing environmental impact and promoting sustainable practices throughout the supply chain.

By adhering to local and global regulations, Sapphire Swap builds trust with users and stakeholders, ensuring a secure and sustainable ecosystem for long-term growth.

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