Non-Financial Service Declaration
Modul Wallet is strictly a hardware security device for private key storage. Our product and company:
- Do NOT offer cryptocurrency exchange services of any kind
- Do NOT provide cryptocurrency trading capabilities or platforms
- Do NOT act as a custodian for digital assets
- Do NOT deliver investment advice or portfolio management services
Our singular purpose is to provide a high-security hardware device that enables users to store their private cryptographic keys in a secure offline environment.
Regulatory Status of MODULAT FACTORING GmbH
MODULAT FACTORING GmbH operates as a regulated entity under German and European Union regulatory frameworks:
| Regulatory Authority | Registration Details | Current Status |
|---|---|---|
| Federal Financial Supervisory Authority (BaFin) | ID: 10122372 | Active / Compliant |
| Commercial Register (Handelsregister) | Registry #: HRB 122372 | Registered |
| Chamber of Commerce (IHK Hannover) | Member #92145 | Active |
As a regulated Technology Service Provider under §32 of the German Banking Act (KWG), we maintain strict operational standards while providing hardware security solutions that operate outside the scope of financial service regulations.
Applicable Regulatory Framework
Our business operations adhere to the following regulatory requirements:
- German Banking Act (KWG) - We maintain proper registration as a regulated technology service provider.
- General Data Protection Regulation (GDPR) - All our operations meet or exceed EU data protection requirements.
- German Anti-Money Laundering Act (GwG) - Our business implements appropriate risk assessment and mitigation measures.
- Markets in Crypto-Assets (MiCA) Awareness - While our hardware solution falls outside direct MiCA regulation as a non-custodial device, we maintain full awareness of evolving regulatory requirements.
Important User Responsibility Notice
Modul Wallet users remain personally responsible for:
- Ensuring their use of the device complies with all local and international laws
- Properly reporting digital assets to relevant tax authorities as required
- Following applicable anti-money laundering regulations in their jurisdiction
- Meeting any mandatory reporting or registration requirements where they reside
Modul Wallet provides secure storage technology only and does not relieve users of their individual legal and regulatory obligations.
Product Security Certifications
Modul Wallet hardware components have secured the following critical security certifications:
- Common Criteria EAL6+ Certification for the Secure Element chip - One of the highest security certifications available for commercial cryptographic hardware.
- FIPS 140-2 Level 3 certification for cryptographic module security and implementation.
- CE Marking confirming compliance with health, safety, and environmental protection standards in the European Economic Area.
- RoHS Compliance ensuring restriction of hazardous substances in electronic equipment.
- ISO 27001 certification for information security management systems.
These independent certifications verify that our product meets rigorous international security and quality standards for cryptographic hardware devices.
BaFin Registration Verification
To independently verify our regulatory status with the German Federal Financial Supervisory Authority (BaFin), you can:
- Visit the official BaFin company database at https://portal.mvp.bafin.de/database/InstInfo/
- Enter our BaFin ID: 10122372
- Or search directly by our company name: "MODULAT FACTORING GmbH"
Our current regulatory standing and permissions are publicly accessible through the BaFin portal for complete transparency.
For specific regulatory inquiries or additional information about our compliance program, please contact our regulatory affairs department directly.