🔐Compliance and Privacy

1FUEL is committed to ensuring that users can access the full range of wallet functionalities while maintaining compliance with international regulations. The platform is designed to balance regulatory obligations with user privacy, ensuring a secure and user-friendly experience.

KYC and AML Compliance: 1FUEL complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations in jurisdictions where they are required. Users are generally able to use the wallet's core features, such as storing and transferring cryptocurrencies, without completing KYC. However, certain features, such as loading the 1FUEL debit and credit cards or converting cryptocurrency to fiat, may require KYC based on external regulatory requirements.

Privacy-First Approach: 1FUEL places a strong emphasis on user privacy. While compliance with KYC and AML regulations is essential for certain transactions, the wallet is designed to minimize data collection and ensure that users can maintain their privacy whenever possible.

Data Minimization: 1FUEL adheres to the principle of data minimization, collecting only the information necessary to comply with regulations and provide services to users. Personal data is stored securely and is never shared with third parties without user consent.

GDPR Compliance: For users in the European Union, 1FUEL complies with the General Data Protection Regulation (GDPR), ensuring that users have control over their personal data and can request its deletion at any time. AI automates this process, ensuring accuracy and compliance.