# BEF-P23 - UNITED STATES MARKET ACCESS & REGULATORY PERIMETER PROTOCOL > Balanced Exchange Framework (BEF) - Framework Version 1.0, 2026-08-22. > Source of record: https://balancedexchangeframe.work/doc/p23 ``` Protocol ID: BEF-P23 | Framework Version: 1.0 ``` ### 1. Namen P23 določa United States jurisdiction overlay za BEF. Njegov namen ni razglasiti “US compliant” statusa, ampak omogočiti dokazljiv product-by-product in state-by-state activation. Vsak U.S.-facing flow mora imeti federal classification record in State Activation Record. ### 2. No automatic EU/UK portability MiCA/CASP, Estonian, Slovenian ali UK/FCA status ne predstavlja U.S. licence ali exemption. Enako state money-transmitter licence ne zapre federal securities, CFTC, BSA/FinCEN, OFAC, IRS ali druge state perimeters. ### 3. Federal layers Federalni review zajema najmanj: SEC federal securities laws in transaction/scheme investment-contract test; CFTC commodity/derivatives perimeter; FinCEN/BSA MSB/money-transmission; OFAC sanctions; federal tax/reporting (vključno z Form 1099-DA kjer velja); GENIUS/payment-stablecoin perimeter, če bi LANA ali nov produkt dobil stable-value/redemption strukturo; ter FTC/federal consumer rules, kjer so relevantne. ### 4. Lana.discount federal baseline FinCEN Administrative Ruling FIN-2014-R002 je osrednji federalni own-account reference. Ruling obravnava software, ki olajša družbin nakup convertible virtual currency od sellerjev za lastno investment activity, in zaključuje, da strict own-account investment activity sama po sebi ni money transmission/MSB. BEF uporablja ta precedent samo ob ujemanju substance: proprietary capital; buyer is principal; no transfer for seller; no customer custody/balance/order; purchased LANA postane buyerjevo premoženje in nadaljnja odločitev je buyerjeva. ### 5. SEC/CFTC digital-asset classification SEC Interpretive Release Nos. 33-11412 / 34-105020 (effective 23 March 2026) zahteva razlikovanje med assetom in transaction/scheme. Tudi crypto asset, ki sam po sebi ni security, je lahko predmet investment contracta glede na obljube, managerial efforts, pooling in profit expectations. Zato se underlying LANA, Registered overlay, Split communications, Lana8Wonder, Direct.Lana.Fund in vsak investment-like contract analizirajo ločeno. ### 6. U.S. Split and future-value rule V U.S.-facing communication je Split formula notranji system/reference rule. Prepovedano je predstavljati jo kot guaranteed market appreciation, guaranteed return, fixed investment yield, promised liquidity ali predvidljiv USD exit. Če marketing ali contractual package ustvari expectation of profits from essential managerial efforts, status produkta postane HOLD do securities route. ### 7. Direct.Lana.Fund and pooled capital Direct.Lana.Fund je za U.S. javni/retail launch HOLD, dokler ni zaključena analiza securities offering, private fund / Investment Company Act, investment adviser, broker/dealer, lending/crowdfunding in state Blue Sky pravil. P23 ne predpostavlja, da izraz financing ali bilateral contract sam po sebi izključi securities law. ### 8. Lana8Wonder Current Growth Phase je za U.S. retail HOLD. “Annuity” se v U.S. ne uporablja kot public legal/product label, razen če bi produkt dejansko sodil v ustrezen insurance/annuity režim in imel zahtevane state insurance permissions. Historical KIND naming ostane technical metadata. Aktivacija zahteva CP-43/44 ter product-specific disclosures/route. ### 9. BuyLana.com / Purchase & Delivery P07 / BuyLana.com je CONDITIONAL. Pure spot/fixed delivery contract se lahko strukturira kot prodaja digital asseta, vendar Split/future-value investment marketing lahko spremeni federal/state securities outcome. U.S.-facing BuyLana.com zato uporablja fixed quantity, fixed price/basis, delivery/refund terms, clearly identified seller in no-return/no-liquidity-promise discipline. Branding BuyLana.com ne nadomesti federal/state product in seller classification. ### 10. Merchant use and Mode B Direct merchant acceptance se klasificira po state law in ne deduje MiCA limited-network treatmenta. Mode B - consumer LANA to purchaser + purchaser fiat to merchant - je nationwide HOLD do CP-46, ker lahko dejanska funkcija predstavlja payment/money transmission ali digital-asset payment processing. Licensed bank/PSP architecture je dovoljen fallback. ### 11. Custody and client assets BEF default U.S. design je self-custody / direct transfer. Vsaka funkcija, ki shrani, kontrolira ali ima private-key control za customer asset, je HOLD, dokler ni zaključen federal/state custody, money-transmission, securities-custody in insolvency/safeguarding analysis. ### 12. OFAC and Clean Provenance OFAC obligations se ne razlikujejo zato, ker je transakcija v digitalni valuti. U.S. persons in drugi subjekti v OFAC jurisdiction ne smejo poslovati z blocked persons/property brez licence. P08 Clean Provenance se v U.S. razširi z blockchain analytics, sanctions/address/entity/geography screening, escalation in evidence retention. ### 13. IRS and tax reporting Po 2026 Form 1099-DA rules broker, ki v ordinary course stoji pripravljen effect sales of digital assets made by others, lahko ima reporting obligations za customer sales after 2025. Strict P08 own-account buyer se ne klasificira avtomatično kot customer broker, vendar P07, payment-processing, marketplace in druge functions zahtevajo IRS broker analysis, W-9/W-8/TIN, backup withholding in basis/proceeds data flow kjer velja. ### 14. State-by-state activation Annex M vsebuje 50-state + District of Columbia matrix. READY v Annex M pomeni samo, da je strict P08 own-account state money-transmission/virtual-currency licensing layer na source-freeze facts ocenjen kot dovolj jasno favorable za activation; ne pomeni blanket legal approval. CONDITIONAL zahteva written state/counsel classification pred targetingom. HOLD pomeni, da se targeted launch ne izvede brez licence, exemption/order ali druge dokumentirane podlage. ### 15. B2B-first U.S. deployment Kjer state law razlikuje business-commercial od individual/personal/household activity, BEF privzeto uporablja B2B/professional counterparty route za začetni U.S. P08 rollout. To ni poskus obhoda consumer laws: če je counterparty individual ali transaction personal/household, se uporabi strožji relevantni state branch. ### 16. State securities / Blue Sky Federal securities exemption ne pomeni avtomatične state closure. Za vsak U.S. securities route se pred offerjem dokumentirajo state notice filings, fees, antifraud obligations in preemption/exemption scope. State securities enforcement ostane relevanten tudi kadar offering ni federalno registered. ### 17. Privacy, biometrics and AI State privacy, biometric, data-breach in AI laws se vodijo kot ločen deployment matrix. P21 biometrics se ne aktivira nationwide z eno consent formo. Illinois/California/Texas/Washington in druge relevantne state regimes se mapirajo posebej glede na residence, processing role in data use. ### 18. State change trigger Nova država, sprememba state law, regulator guidance/enforcement, sprememba P08 substance, custody, customer accounts, merchant payout, public return claims, pooled capital ali securities venue sproži P23 reclassification. State Activation Record ima review date in source version. ### 19. Status P23 je READY kot U.S. classification architecture. P08 federal own-account baseline je READY kot working hypothesis ob strict factual discipline, vendar state activation ostane po Annex M. P07 / BuyLana.com je CONDITIONAL. U.S. Mode B, custody, Lana8Wonder retail in Direct.Lana.Fund public/retail so HOLD do navedenih CP gates. Noben status v P23 ni regulator approval ali legal opinion.