The Markets in Crypto-Assets Regulation (MiCA) establishes a regulatory framework for crypto-assets within the European Union (EU). The project ensures alignment with MiCA’s principles, particularly in the following areas:
Token Classification – FVK is a utility token designed for gaming incentives and in-game use. It does not confer financial returns, governance rights, or ownership, and is not classified as a security or e-money token under MiCA.
Consumer Protection – FVK purchasers are informed of associated risks, including the potential loss of value, lack of liquidity, and regulatory uncertainties. The project ensures clear and fair communication with the community.
Transaction Fees & Platform Costs – PixelPai applies standard transaction fees for purchases, sales, and withdrawals. The latest fee structure is publicly available on the PixelPai website. Fees may vary based on transaction type, network costs, and platform updates.Marketing Guidelines – Any promotional activities comply with truthful and transparent communication standards. There are no misleading claims regarding returns or investment potential.
Reporting Requirements – While not currently subject to full MiCA reporting obligations, the project follows voluntary transparency measures, such as on-chain verifiable token allocations, treasury management, and clear public disclosures.
As regulatory developments unfold, the project may adjust compliance measures accordingly to align with future requirements.
9.2 Platform Compliance
As FVK is launched via PixelPai, additional compliance considerations apply to the gaming ecosystem and platform-level operations. These include:
Gaming Regulations – The Norse Protocol and PixelPai facilitate tokenized gaming experiences in compliance with applicable gaming industry regulations. While game design and mechanics are determined by individual gaming studios, PixelPai ensures that its platform infrastructure and token-related functionalities do not inherently introduce regulated gambling activities or unintended legal risks. Studios integrating FVK are responsible for ensuring their games comply with local gaming laws and regulatory requirements.
Data Protection – The platform adheres to EU General Data Protection Regulation (GDPR) standards, ensuring user data privacy and security. No unnecessary personal data is collected or retained beyond KYC/AML obligations.
Financial Services Compliance – Since PixelPai facilitates token transactions, its operations align with relevant financial regulations applicable to on-ramping, off-ramping, and transaction monitoring.
Cross-Border Considerations – Given that crypto-asset offerings can be accessed globally, the project proactively restricts participation from high-risk jurisdictions to ensure compliance with international AML frameworks and local regulations.
By proactively addressing these compliance considerations, the FVK ecosystem remains adaptable to evolving regulatory requirements while ensuring a secure and legally sound gaming environment.
Norse Protocol