Licensing & Legal Information

Scope of License

Our NYDFS license (MT 104187) authorizes Belvixwallet INC to:

• Manufacture and distribute non-custodial hardware wallets
• Provide software for device management and firmware updates
• Offer technical support for hardware wallet users
• Develop security solutions for cryptocurrency private key storage

Product & Service Description

What is Belvixwallet?

Belvixwallet is a non-custodial hardware wallet that stores private keys offline and allows users to securely sign transactions without exposing sensitive information to the internet.

Our hardware device:

• Stores private keys in a secure, offline environment
• Uses a secure element chip with military-grade encryption
• Requires physical confirmation for all transactions
• Operates without internet connectivity (air-gapped)
• Provides recovery through a 24-word seed phrase
• Never transmits private keys to any server or third party

User Responsibility

Users of Belvixwallet hardware wallets are solely responsible for:

• Safeguarding their recovery seed phrase
• Maintaining physical security of the device
• All transactions signed with their device
• Compliance with local cryptocurrency regulations
• Tax obligations related to their cryptocurrency holdings

Regulatory Compliance

Belvixwallet INC maintains full compliance with all applicable regulations:

Annual Audits & Reviews

We undergo regular audits and compliance reviews:

• Annual NYDFS compliance examination
• Quarterly security audits by independent firms
• Continuous monitoring of regulatory changes
• Regular legal counsel review of operations

Legal Disclaimer

NO CUSTODY OR CONTROL OF ASSETS: Belvixwallet INC does not have access to, control over, or custody of any user's cryptocurrency assets or private keys. The hardware wallet is a tool that enables users to manage their own private keys securely.

NO FINANCIAL SERVICES: We do not provide financial services, investment advice, or facilitate cryptocurrency transactions. We solely manufacture and sell hardware devices for secure key storage.

USER RESPONSIBILITY: Users are entirely responsible for their cryptocurrency holdings, transactions, and compliance with applicable laws in their jurisdiction.

LIMITATION OF LIABILITY: Belvixwallet INC cannot recover lost or forgotten private keys, seed phrases, or PINs. Loss of these credentials will result in permanent loss of access to cryptocurrency assets.

Legal & Compliance Inquiries

For questions regarding our licensing, compliance, or legal matters, please contact:

License Verification

Our license status can be independently verified through the New York State Department of Financial Services:

• Visit the NYDFS website at www.dfs.ny.gov
• Search for License Number: MT 104187
• Company Name: Belvixwallet INC

Last verified: January 2024
Status: Active and in good standing