Helvetic Broker is a portfolio tracking and informational platform. We do not execute, transfer, or custody any funds on behalf of users. All API keys provided by users are strictly read-only, ensuring we can only retrieve data and cannot perform any transactions. We may help prepare unsigned transaction suggestions (e.g., for DEX interactions), but the user must always execute the final action themselves in their own wallet or third-party service.

Under current U.S. federal and state regulations, Helvetic Broker’s read-only portfolio tracking and transaction suggestion services are not classified as money transmission or broker-dealer activities:

• The Financial Crimes Enforcement Network (FinCEN) defines a “money transmitter” as an entity that accepts and transmits funds. Since we never hold or move any assets and only use read-only API keys, we do not meet this definition.
• The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) regulate trading execution and custody services. We do not execute trades or custody funds, so we are not subject to SEC broker-dealer or CFTC intermediary requirements.
• At the state level, Money Transmitter Licenses (MTLs) are required only for firms that handle, transmit, or store cryptocurrency. Our read-only model is exempt.

In the UK, the Financial Conduct Authority (FCA) oversees crypto-related activities. Key points for our model:

• The FCA registers firms providing custody or exchange services under the Payment Services Regulations (PSRs). We do not hold customer funds or provide payment services.
• Under the Money Laundering Regulations (MLRs), we are exempt as a data-only provider using read-only access.
• We do not fall under the FCA’s regulated activities because we neither execute transactions nor custody assets.

Swiss regulation by FINMA categorizes virtual asset service providers (VASPs) under the Anti-Money Laundering Act (AMLA). For Helvetic Broker:

• Registration with an SRO (self-regulatory organization) is required only for firms that transmit or hold crypto assets. Our read-only dashboard and suggestions do not qualify.
• We do not act as an intermediary or custodian, so we are exempt from FINMA licensing and SRO membership requirements.
• We remain a technology provider, not a financial intermediary.

Under the EU’s MiCA (Markets in Crypto-Assets) regulation:

• Crypto-Asset Service Providers (CASPs) must register and meet AML/KYC requirements if they execute transactions or custody assets.
• As we only use read-only API connections and provide non-binding transaction suggestions, we are not classified as a CASP.
• No authorization or passporting under MiCA is required for purely informational services.