Skip to main content

Regulatory Posture

This page states ChimeraMiND's regulatory classification and the reasoning behind it. It is not legal advice, and it does not replace jurisdiction-specific counsel review during a transaction -- it is the technical/product basis a diligence team's lawyers would start from.

Classification: non-custodial software tool​

ChimeraMiND does not hold, transmit, or have signing authority over user funds. Exchange API credentials are encrypted client-side in the desktop vault and never reach the backend in plaintext (see Security & Compliance); every trade is executed directly between the user's own exchange account and the exchange, using the user's own API key. The platform provides signal generation, risk management logic, and execution automation -- it does not take discretionary control of a client's assets and does not pool user funds.

This is the same structural distinction that separates a trading terminal or algorithmic execution tool from a money transmitter, custodian, or investment adviser:

  • Not a money transmitter -- ChimeraMiND never has possession of user funds or the ability to move them to a third party. Withdrawal permissions are disabled by policy on every connected exchange key.
  • Not a custodian -- no wallet, no pooled account, no asset held on behalf of a user.
  • Not discretionary investment advice -- the platform executes rules-based, user-configured strategies; it does not provide personalized recommendations to buy or sell specific assets based on an individual's financial circumstances.

User responsibility​

Each user is responsible for their own compliance with sanctions, tax, consumer-protection, market-abuse, derivatives, and KYC/AML rules in their jurisdiction (MiCA, SEC, CFTC, FCA, MAS, or other applicable regimes) -- see the full disclaimer at chimeramind.com/disclaimers. This page explains why that allocation of responsibility is the correct structural default for a non-custodial tool, not just that it is stated in the terms.

AML / KYC posture​

ChimeraMiND does not onboard users onto exchanges and does not perform its own KYC. Account creation on chimeramind.com is gated by standard identity-light signup (email + payment processor checks via Whop); trading access requires the user to independently hold a KYC'd account at their chosen exchange (Binance, OKX, Bybit, Bitget, Coinbase, or Kraken), each of which enforces its own AML/KYC and sanctions-screening obligations before issuing API access. ChimeraMiND does not duplicate or bypass exchange-level compliance controls -- it operates downstream of them.

What changes at fundraise close​

Regulatory posture is a product-structure question today (answered above) and becomes a corporate-structure question once ChimeraMiND is incorporated -- entity formation, jurisdiction selection, and licensing analysis for that entity are scoped as part of closing, not before. See the data-room request flow on chimeramind.com/investors for that conversation.