The F8Coin platform operates the website https://www.f8coin.com (hereinafter referred to as "this website" or "website") in accordance with the relevant laws of the Philippines. The website is a platform for users to trade digital assets and provide related services (hereinafter referred to as "the service" or "service"). For the convenience of the presentation of this agreement, the company and the website collectively use "we" or other first-person address in this agreement. As long as the natural person or other subject who logs into the website is the user of the website, the following agreement will use "you" or other second person for the convenience of expression. For the convenience of this agreement, we are collectively referred to as “the parties” in this agreement, and we or you are referred to as the “party”. All contents of this website may be provided in multiple languages for the convenience of users. In case of any conflict or omission, the Chinese version shall prevail.
We are here to remind you:
1 Digital assets themselves are not backed by any government or financial institution. Due to the formulation or revision of national laws, digital asset transactions may be suspended or prohibited at any time;
2 The digital asset market is brand new, with no clear and stable expected development and earnings;
3 Digital assets are mainly used by speculators, while retail and commercial markets are relatively less used. Digital asset transactions are extremely risky, which are traded all day long without any restrictions on prices. Its price may fluctuate drastically due to the influence of market makers and global government policies.
4 You should agree that: We reserve the right to suspend or terminate the operation of your account in part or in full, or even terminate this agreement at any time for the sake of your account and the security of the digital currency within it once your account is at risk, or you violate this agreement according to the terms of this agreement, provisions of laws, regulations and legal instruments, the requirements of governmental administrative actions and the platform's sole judgment, or according to the laws of your sovereign state that the services provided on this website or your use of the services provided on this website are unlawful. When this happens, if you apply for normal use, we have the right to decide whether to recover partially or completely according to our own judgment. You should fully understand that the application recovery is not necessarily allowed, and you should cooperate with us to verify the membership when applying for recovery, and provide, including but not limited to identity information, ID cards, passports, and other valid identification documents, as well as other information or documents we request.
5 Using our website will not violate the laws and regulations of your sovereign state.
Digital asset trading is extremely risky and not suitable for the vast majority of people. You have known and understood that this investment may result in partial or total loss, so you should determine the amount of the investment in terms of the extent of the damage you can afford. You have known and understood the derivative risks of digital assets, so if you have any questions, you are advised to seek the help of a financial advisor. In addition to the risks mentioned above, there are risks that cannot be predicted. You should carefully consider and use your clear judgment to assess your financial situation and the above risks and make any decision to buy or sell digital assets, and bear all losses arising therefrom, and we do not take any responsibility for them.
To inform you:
1 You should understand that this website is only used as a platform for you to obtain digital asset information, to find parties, to negotiate and conduct transactions on digital assets, which does not participate in any of your transactions. So you should carefully determine the relevant digital assets and / or the authenticity, legality and validity of the information, and bear the responsibility and loss arising therefrom.
2 Any comments, messages, discussions, analysis, prices, recommendations and other information on this website are general market reviews and do not constitute investment advice. We shall not be liable for any loss, including but not limited to any loss of profit, arising directly or indirectly from our reliance on this information.
3 There are also risks associated with Internet trading systems, including but not limited to software, hardware and Internet link failures. Because we cannot control the reliability and availability of the Internet, we do not assume any responsibility for distortion, delays, and link failures.
4 https://www.f8coin.com is the only official information publishing platform for this website;
5 Any service on this website does not accept credit card payments;
6 It is forbidden to use this website for all illegal trading activities or illegal acts such as money laundering, smuggling, commercial bribery, etc. If any illegal transactions or illegal acts are found, the website will adopt all kinds of available means, including but not limited to freezing accounts, informing the relevant authorities, etc. We do not assume any responsibilities arising therefrom, and reserves the right to hold the relevant persons accountable.
7 It is forbidden to use this website to conduct malicious market manipulation, illegal transactions and other unethical trading activities. If such incidents are found, this website will take preventive measures such as warning, restricting transactions and shutting down accounts to all these unethical behaviors like malicious manipulation of prices and malicious influence on trading systems. We do not assume any responsibilities arising therefrom and reserve the right to hold them accountable.
1.2 You should read this agreement carefully before using the services provided on this website. If you do not understand or have other needs, please consult a professional lawyer. If you do not agree to this agreement and/or any changes to it at any time, please stop using the services provided on this website or stop using this website immediately. Once you log into this website, and use any service of this website or any other similar behavior, it signifies that you have understood and fully agreed with the contents of this agreement, including any modification to this agreement made by this website at any time.
1.3 You can become a member of the website (hereinafter referred to as "member") by completing relevant information in accordance with the requirements of the website and successfully registering through other relevant procedures. Clicking the "agree" button during the registration process means that you have reached an agreement with the platform in the form of electronic signature; clicking on any button labeled "agree" or similar in the course of using this website or actually use the services provided by this website in a manner permitted by other websites, it signify that you are completely understand, agree and accept all the terms and conditions of this agreement. Even without your handwritten signature, there is no impact on the legal binding of this agreement to you.
1.4 After you become a member of this website, you will be given a member account and corresponding password which shall be kept by yourself; the member shall be legally responsible for all activities and events carried out on your account.
1.5 Only members of this website can use the digital asset trading platform provided by this website to make transaction and enjoy other services that only members can obtain on this website; if you are not a member, you can only log into the website, browse the website and enjoy other available services provided by this website.
1.6 By registering and using any services and functions provided by this website, you will be deemed to read, understand and:
1.6.1 Accept all terms and conditions of this agreement.
1.6.2 You should confirm that you are at least 16 years old or have a legal age for contractability under different applicable laws. Your behaviors which accept the service of this website, such as registration, sale or purchase, information posting should comply with relevant laws and regulations of sovereign countries or regions that have jurisdiction over you, and you should have sufficient ability to accept these terms, come to a deal and use this website for digital asset transactions.
1.6.3 You should guarantee that the digital assets involved in the transaction are legally acquired and owned by you.
1.6.4 You should agree to assume full responsibility and any gains or losses for your own trading or non-transactional activities.
1.6.5 You should confirm that the information provided at the time of registration is true and accurate.
1.6.6 You should agree to abide by the provisions of relevant laws, including reporting any transaction profits for tax purposes.
1.6.7 You should agree not to engage in or participate in any act or activity that harms the interests of the website or the platform at any time, whether or not it relates to the services provided on the site.
1.6.8 This agreement is only binding on the rights and obligations between us, and does not involve legal relationships and legal disputes between users of this website as well as between you and other websites due to digital asset transactions.
II. Agreement Reversion
We reserve the right to revise this agreement occasionally and announce it on the website and not to notify you individually. The changed agreement will be marked with the change time on the first page of this agreement, which will be effective immediately upon posting on the website. You should frequently review the update time and update content of this agreement. If you do not agree to the change, you should immediately stop using the service of this website; if you continue to use the service of this website, it signifies that you have accepted and agreed to the revised agreement.
3.1 Registration Qualification
You should acknowledge and promise that you are a natural person, legal person or other organization having the applicable legal requirements to sign this agreement and the ability to use the services provided by the website when you complete the registration procedures or use the services provided by the website in a manner permitted by the website. Once you click the "agree to register" button, it means that you or your authorized agent have agreed to the content of this agreement and registered and used this website service by its agent. If you do not have the foregoing subject qualification, you and your authorized agent shall bear all consequences arising therefrom, and the platform reserves the right to cancel or permanently freeze your account and to hold you and your authorized agent accountable.
3.2 Registration Purpose
You should acknowledge and promise that your registration on this website is not for the purpose of violating laws and regulations or disrupting the order of digital assets transaction on this website.
3.3 Registration Procedures
3.3.1 You agree to provide valid e-mail address, telephone number and other information according to the requirements of the user registration page of this website. You can use this email address, telephone number or other means permitted by this website as your login means to enter this website. If necessary, in accordance with the relevant laws and regulations of different jurisdictions, you must provide your real name, ID card and other related information required by laws and regulations, privacy clause as well as anti-money laundering clause and continuously update the registration information in a timely, detailed and accurate manner. All data originally typed will be referenced as registration data. You should be responsible for the truthfulness, completeness and accuracy of such information and assume any direct or indirect damages and adverse consequences arising therefrom.
3.3.2 If the laws, regulations, rules, orders, etc. of your sovereign country or region have real-name requirements for telephone number, you should agree to provide registered telephone number that is registered in real-name. If you do not provide them according to regulations, you will assume any direct or indirect damages and adverse consequences arising therefrom.
3.3.3 If the information you have provided for registration is legal, complete and valid and have been verified, you will be entitled to the account number and password of this website. When you obtain the account number and password of this website, you are deemed to have successfully registered, and you can log in as a member of this website.
3.3.4 You agree to receive emails and/or short messages sent by this website in connection with the management and operation of this website.
This website provides an online trading platform for your trading activities which includes but not limit to digital assets only through this website, while not serve as a buyer or seller participating into digital assets sales per se, and not offer any service pertinent to deposit and withdrawing national currency.
4.1 Service Contents
4.1.1 You are authorized to browse the real-time quotes and trade information of all digital assets products and to submit transaction commands of digital assets and finish it.
4.1.2 You are authorized to access information of VIP accounts in this website and to apply the rights supplied by this website to operations.
4.1.3 You are authorized to participate into activities which organized by this website in accord with the activity rules regulated by this website.
4.1.4 This website promises you with extra services.
4.2 Service Rules
You shall promise to observe the service rules of this website:
4.2.1 You shall abide by the law, regulations and policy requirements to ensure legality of the source of all digital assets in accounts; You are not allowed to be engaged in illegal activities or other activities which damage the interest of this website or activities representing interests of the third-party through this website or using the service of this website, such as sending or receiving any unlawful or illegal information, or information that infringes others’ interests, or any materials relevant to pyramid scheme, or any information or speech existing perniciousness, and using or fabricating email header information of this website without authorization of this website.
4.2.2 You shall abide by the law and regulations to duly use and keep the website account and login password, payment password, the binding mobile phone number when you registered the account, and verification code. You bear full liability of any operations and consequences during using the website account, login password and verification code. You shall immediately and validly inform this website and request for suspending services of the website account when you notice your website account, login password, payment password or verification code used by the third party without your authorization, or any other issues about security of the website account. This website has the right to take an action of your request in appropriate time, but not be liable for the consequences which include but not limit to any of your loss incurred before taking an action. You are not allowed to dispose your website account to others by bestowal, borrowing, renting, transferring or any other methods without permission of this website.
4.2.3 You shall agree to take responsibility of all activities which include but not limit to information disclosure, posting message, clicking to agree online or submitting all sorts of agreements such as online renew agreements, or purchasing services occur in your website account and password.
4.2.4 You are not allowed to deliberately interfere the process and order of digital assets trading; to interfere good running and other users at this website by virtue of any technological means; to deliberately defame this website by fabricating fictional facts.
4.2.5 If you have disputes with others for online trading, you are not supposed to request this website to provide relevant materials through any channels other than judiciary and administration.
4.2.6 Taxes and charges for all sorts of hardware, software, service and other parts which incur in the process of using services provided by this website shall be estimated and taken by yourself.
4.2.7 You shall observe the updated agreement from time to time and other service items as well as operation rules at this website; You have the right of terminating services of this website at any time.
4.3 Product Rules
4.3.1 Trading Product Rules
You shall promise to properly abide by the following rules in the process of trading with others at this website.
18.104.22.168 Browse Transaction Information
You are supposed to read the full contents of transaction information at this website, which includes but not limit to price, entrust amounts, service charges, directions of buying and selling; You could click the button to conduct a transaction after fully accepting the whole contents of trading information.
22.214.171.124 Submitting Entrustment
You could submit trading entrustment after browsing and confirming trading information. Once you submit trading entrustment, you have authorized this website to match pertinent transactions for you. This website will finish matching transactions automatically with your satisfied prices which presented in the entrustment without notifying you in advance.
126.96.36.199 Transaction Details View
You could view the deal records in transaction details at administrative center to confirm your specific transaction records.
188.8.131.52 Revocation and Revise of Entrustment
You have the right of revoking and revising entrustment before reaching a contract.
V. Rights and Obligations of the Website
5.1 This website can refuse your registration if you are not qualified in accord with the agreement; For the registered account, this website has the right to close it; This website has authority to resource you and your agent; Meanwhile, this website could make decision about whether to accept your registration in any other situations.
5.2 This website has the authority to suspend or terminate the use of your account and any other relevant accounts if which are found of being inappropriate to involve in high-risk investment in line with the estimate of this website.
5.3 This website has the right to suspend or terminate service of the account or any other relevant accounts which are not used by the initial user.
5.4 This website has the right of notifying you to revise and update your information or suspending and terminating service in the website on reasonably suspecting the authenticity, validity and integrity of the information provided by yourself through approaches such as technical detection or artificial inspection.
5.5 This website has the right to revise the information on noticing obvious mistakes of any information existing in the website.
5.6 This website has the right to revise, suspend or terminate the service at any times without informing you in advance; The termination of services in this website is effective from the date of announcement at the website.
5.7 This website are supposed to take technological means and management measures to ensure good running of the website, and to provide essential and reliable trading environment and services to maintain the order of transactions.
5.8 This website has the right to close your account if you have not use the website account and password to login in a consecutive year; This website could open the revoked name of account to other new registrants.
5.9 This website has an obligation to inform you in advance when predictable security risks occur to your account by means of enhancing technology or improving security protection.
5.10 This website has the right to expurgate any unlawful and illegal information at any times without informing you in advance.
5.11 This website has the right to provide more information or materials for you in line with the law, regulation, command or any other norms in your own sovereign state or region, and to take appropriate measures in accord with the request, while you have the obligation to coordinate the work; This website has the right to suspend or terminate part or all of services or to open the website to you in line with the law, regulation, command or any other norms in your own sovereign state or region.
6.1 The compensation which makes for your direct loss during use of the website will not exceed the whole charge of the service in three month at the website under any circumstance.
6.2 If you break the agreement or other law and regulation, you shall compensate for us at least $ 2millon and bear all expenses thus entailed including counsel fee. You shall make up for the rest of practical loss if the minimum compensation is not enough.
VII. The Right of Seeking Injunctive Relief
We all recognize that the relief measure in common law for default or potential default cannot make up for the whole loss of us, thus the indemnifying party has the right to seek for injunctive relief and other remedial measures allowed in common law or equity in the case of default or potential default.
VIII. Limitation and Exemption of Liability
8.1 You shall know and agree that we do not take liability for any of the following conditions.
8.1.1 Loss of income;
8.1.2 Loss of trading profits or loss of contracts;
8.1.3 Service interruption;
8.1.4 Loss of savable currency that could be anticipated;
8.1.5 Loss of information;
8.1.6 Loss of opportunity and business reputation;
8.1.7 Loss of data;
8.1.8 Cost of purchasing substitute products or services;
8.1.9 Loss that indirectly, particularly or incidentally caused by tort including faults, defaults and any other factors, no matter whether it could be reasonably foreseen by us, or we are informed in advance about the possibility of existing these sorts of loss.
Items from 8.1.1 to 8.1.9 are completely independent of each other.
8.2 You understand and agree with any of the following conditions in which we are not responsible for your loss.
8.2.1 We could believe you might incur fundamental breach in your transaction details with reasonable evidence;
8.2.2 We could believe your behavior in the website is unlawful or unethical with reasonable evidence;
8.2.3 Cost and Loss for purchasing or obtaining any data, information as well as trading or replacing through the service of this website;
8.2.4 Your misunderstanding of the service of this website;
8.2.5 Any loss that irrelevant to the service provided for this website.
8.3 You understand and agree that our service provided in the website is on the basis of modern technique and conditions. We will endeavor to offer you with service and ensure its coherence and security; Whilst we cannot foresee and protect risks of law, technology or any other factors at any times, which include but not limit to force majeure, virus, Trojan virus, hacker attack, unstable system, flaw of third party service, government action that might lead to service interruption, loss of data and other risks.
If you cannot use the service or entrust properly due to the broken systemic platform, we bear responsibility of compensation except for the following conditions, which include but not limit to
A.Announcement in the platform about the system downtime for maintaining;
B.Breakdown of information network equipment as well as maintenance of electricity which impede the data transmission;
C.Strikes, riots, fires, floods, storms, explosions, wars, power cuts, terrorist attacks and other force majeure, serious social events;
D.Temporary closure or interruption and delay of service that cause by hacker attacks, intrusions or outbreaks or computer ice shield, technical adjustments or fault in the telecommunications sector, website upgrades as well as government regulations;
E.Loss for technical problems that cannot be predicted or resolved by the existing technique of the modern industry;
F.Other unserviceable or delayed service caused by acts that are not within our control or which we are not in a position to control or caused by a third party.
8.4 We do not make any guarantees or promises to any information, products and services of any third-party websites linked to this website and any other content that is not our subject. If you use any services or information and products provided by third-party websites, you should be responsible for your own personal decision.
8.5 We make no warranties, express or implied, regarding your use of the services of this website, including but not limited to the suitability of the services provided on this website, without errors or omissions, continuity, accuracy, reliability, and for a particular purpose. At the same time, we make no commitment or guarantee of the validity, accuracy, correctness, reliability, quality, stability, completeness and timeliness of the technology and information involved in the services provided on this website. It is your personal decision to log in or use the services provided on this website and bear the risks and possible losses. We make no warranties, express or implied, regarding the market, value and price of digital assets. You must understand that the digital asset market is unstable, so that the prices and values may fluctuate or collapse at any time, and trading digital assets is your personal freedom. Choose and decide to take risks and possible losses.
8.6 Our warranties and undertakings as set forth in this Agreement are the sole warranties and representations of the services provided by us in connection with this Agreement and this Site and supersede any other warranties and undertakings, whether written or oral, express or implied. All such warranties and representations represent our own commitments and warranties and do not guarantee that any third party will comply with the warranties and undertakings in this Agreement.
8.7 We do not waive any rights not covered by this Agreement that limit, exempt or offset our liability for damages to the fullest extent applicable to the law.
8.8 Upon registration, you acknowledge that any action taken by us in accordance with the rules set forth in this Agreement is at your own risk.
Ⅸ. Service fees
9.1 When you use this service, we charge a fee of one-thousandth of each transaction.
9.2 Unless otherwise stated or agreed, you agree that we have the right to deduct the above service fees directly from the assets of your account.
X. Termination of the agreement
10.1 This website has the right to cancel your account of this website in accordance with the terms of this agreement. This agreement is terminated on the date of cancellation of the account.
10.2 This website is entitled to terminate all services of this website in accordance with the terms of this agreement. This agreement is terminated on the date of the termination of all services on this website.
10.3 Upon termination of this Agreement, you are not entitled to request that the Website continue to provide any services or perform any other obligations, including but not limited to requiring the Site to retain or disclose to you any information in its original Website Account, to you or The third party forwards any information it has not read or sent, and so on.
10.4 The termination of this Agreement does not affect the breaching party shall make compensation on the observing party.
10.5 After the termination of this Agreement, all arrears in your account will be automatically paid to us. After paying us all unpaid expenses, you can withdraw funds from your account within 5 business days.
XI. Intellectual property rights
11.1 All intellectual achievements and the intellectual property rights contained in this website include, but are not limited to, website logos, databases, website design, text and graphics, software, photographs, videos, music, sounds and combinations of the foregoing, software compilation, related source code and software (including applet and script) are owned by this website. You may not copy, alter, transmit or use any of the foregoing materials or content for commercial purposes.
11.2 All rights (including but not limited to goodwill and trademarks, logos) contained in the name of this website are owned by the platform.
11.3 By accepting this Agreement, you represent the copyright of any form of information you have voluntarily published on this website, including but not limited to: reproduction rights, distribution rights, rental rights, exhibition rights, performance rights, screening rights, broadcasting rights, Information network communication rights, filming rights, adaptation rights, translation rights, compilation rights, and other transferable rights that should be enjoyed by the copyright owner are exclusively and freely transferred to this website. This website has the right to file a lawsuit and obtain full compensation for any subject infringement. . The validity of this Agreement and the content of any work protected by the Copyright Law that you post on this website, whether formed before the signing of this Agreement or after the signing of this Agreement.
11.4 You may not illegally use or dispose of the intellectual property rights of this website or others during the use of this website. You may not post or authorize the information published on this website in any form for use by other websites (and media).
11.5 Your access to this website or the use of any services provided on this website is not considered to be any intellectual property rights transferred to you.
Ⅻ Information protection
13.1 Scope of application
12.1.1 When you register a website account or use an account, the personal registration information you provide according to the requirements of this website, including but not limited to telephone number and the information of email, identity card and passport.
12.1.2 When you use the services of this website, or when you visit the website, the value of the server on your browser is automatically received and recorded by this website, including but not limited to data such as IP address and the webpage record you requested.
12.1.3 The relevant trading data of yours on this website collected by this website, including but not limited to transaction records.
12.1.4 Other personal information obtained by this website through legal channels.
12.2 Information usage
12.2.1 Without your additional consent, your registration on this website is deemed to be your consent to the collection and use of all kinds of information on this website, as listed in Article 13.1. You understand and agree that this website may use your information collected for purposes including but not limited to the following:
184.108.40.206 Provide you with the services of this website;
220.127.116.11 Report to relevant departments based on the requirements of relevant authorities of sovereign countries or regions;
18.104.22.168 To ensure the security of the products and services provided to you by this website, When you use the services of this website, it will use your information with the legitimate purposes such as authentication, customer service, security precaution, fraud monitoring, marketing, archiving and backup and cooperating with third parties to popularize websites. 22.214.171.124 Collecting and collating information to help the website design new products and services so as to improve the existing services of this website;
126.96.36.199 In order to give you an idea of the specifics of the services about this website, we hope you agree that the website send marketing notices, commercial electronic information and advertisements related to you in place of the advertisements which are generally served;
188.8.131.52 To complete merging, dividing, acquisition and the transference of assets, this website would transfer or disclose your information to any non-associated third party .
184.108.40.206 Upgrade the authentication and management of the software;
220.127.116.11 Invite you to participate in the investigation of the services of this website;
18.104.22.168 Data analysis for the cooperation with government agencies, public service agencies and associations.
22.214.171.124. Your information will be used for all other lawful purposes and for other purposes authorized by you.
12.2.2 The website does not sell or lend your personal information to anyone else unless it has a prior permission from you. The website also does not allow any third party to collect, edit, sell or distribute your personal information by any means.
12.3 This website shall keep confidential for the customers’ identity information and transaction information, and shall not provide customers’ identity information and transaction information to any unit or individual, except the relevant laws and regulations, decrees, orders for the relevant sovereign countries or regions request the website to provide this information.
XIII. All transaction calculation results have been verified by us, and all calculation methods have been posted on the website. Even so, we still cannot guarantee that the use of the website will not be interfered.
XIV. The transfer of the rights and obligations stipulated in this agreement also binds the assignee, heir, executor and administrator of the parties who have obtained the benefits from the rights and obligations. You cannot assign the rights and obligations to any third party without our consent, but we can transfer our rights and obligations of the agreement to any third party at any time, and we would notice you this news before 30 days.
XV. Severability, which means if any provision of this agreement is deemed unenforceable, invalid or illegal by any court of competent jurisdiction, it does not affect the validity of the remaining provisions of this agreement.
XVI. Non-proxy relationship, it means nothing in this agreement shall be deemed to create, imply something that make you treat us as your agent, trustee or other representative, except as otherwise provided in this agreement.
XVII. Any breach of contract or the waiver of other liabilities by us or you shall not be deemed or construed as a waiver of the breach of contract; any failure to exercise any right or remedy shall not be construed in any way as such abandonment of rights or remedies.
XVIII. Title. All headings are for convenience only and are not intended to extend or limit the content or scope of the terms of the agreement.
XIX. All the contents of the contract are enacted by the laws of the Philippines. The establishment, interpretation, content and execution of the agreement are subject to the relevant laws and regulations of the Philippines; any related claim or litigation arising from the services agreed in this agreement shall be interpreted and implemented in accordance with the laws of the Philippines. To avoid the doubt, this clause expressly applies to any infringement claim against us. Any claim or litigation against us or any claim or litigation relating to us could be filed for arbitration at the Hong Kong International Court of Arbitration, which has exclusive jurisdiction to conduct litigation and appeals. The inconvenient court principle does not apply to the court based on the choice of these terms of service.
XX. Effectiveness and interpretation of the agreement
20.1 This agreement will become effective when you click on the registration page of this website and complete the registration process, obtain the account number and password of this website, which means that the agreement would bind to the website and you.
20.2 The final interpretation of this agreement is reserved for this website.
Know your customers and anti-money -laundering policies
1.1 We pledge to abide by the “know your customer” and the related anti-money -laundering laws and regulations and will not intentionally violate the “Know Your Customer and Anti-Money Laundering Policy”. Within the scope of our reasonable control, we will take the necessary measures and techniques to provide you a secure service, so as to protect you from the lost.
1.2 The “Know Your Customer and Anti-Money -Laundering Policy” is a comprehensive international policy system that can apply to different legal jurisdictions. Our sound and compliant framework ensures that we accord with the regulatory requirements and levels at both the local and global, so as to ensure the continued operation of this website.
II. “Know Your Customer and Anti-Money Laundering Policy” are as follows:
2.1 To enact the laws of “understand your customers and anti-money laundering policy” and update them to meet the standards set by the relevant laws and regulations;
2.2 To promulgate and update some of the guidelines and rules for running this website, and our employees will provide services in accordance with these principles and rules;
2.3 To design and complete the procedure for internal monitoring and controlling transactions, such as verifying identity by rigorous means, and arranging a professional team to be responsible for the work of anti-money -laundering ;
2.4 Conducting responsible investigation and ongoing supervision to the clients through using the risk prevention methods;
2.5 To review and regularly check the transactions which have taken place;
2.6 Reporting the suspicious transactions to the authority;
2.7 The identification documents, address proof documents and transaction records will be maintained for at least six years, if it is submitted to the supervision department, it would not notice to you.
2.8 Credit cards are prohibited during the entire transaction;
Ⅲ. Identity information and verification
3.1 Identity information
3.1.1 On account of different stipulations and entity types in different judicial districts, the information we collect may be inconsistent. In principle, the following information will be collected from registered clients.
Basic personal information: Your name, address (namely permanent address, if different), date of birth, nationality and etc. Authentication should be based on documents issued by official or other similar authorities, such as passports, ID cards, or other identification documents required by jurisdictions. The address you provide will be verified by using appropriate methods, such as checking the interest-rate tickets and bills of transportation or checking the electoral registers and so on.
Valid photos: Before you register, you must provide a photo in which your ID is placed on your chest;
Contact: Phone, cell phone number, or valid email address.
3.1.2 If you represent a company or other legal entity, we will collect the following information to determine the ultimate beneficiary of you or your trust account.
The proof materials of corporation registration、registration certificate、copy of the company's articles of association and memorandum、the company's equity institution and ownership statement, determine the opening of the account of the website and the execution of the authorized client. The identity documents of the company directors、major shareholders and the account holders of this website should be provided as requested. The company should provide a mailing address if it is different from its main business address. Besides, the company will be considered as a riskier customer if the company's local address is inconsistent with its primary business address. In this case, it must provide additional documents as required.
According to different stipulations and entity types in different judicial districts, we have to request other certifications and documents issued by authorities, as well as documents we deem necessary.
3.1.3 We only accept identity information in English or Chinese. If not, please translate your identity information into English and notarize it.
3.2.1 We require that you provide the full page contents of the identification document.
3.2.2 We require that you provide a photo in which your ID is placed on your chest;
3.2.3 A copy of the supporting document should be checked against the original document. However, if a trustworthy and appropriate certifier can prove that a duplicate document is an accurate and complete copy of the original, then it is acceptable. Such certifiers include ambassadors, judicial commissioners, local sheriffs, and so on.
3.2.4 The requirement for identifying the ultimate beneficiary and account control is to determine which individuals have direct ownership or whether they control the direct customers, and/or to determine that whether the ongoing transaction is performed by someone else. If it is a business, that is to say the identity of the major shareholder (such as those who holding voting-interests greater than or equal to 10%), it should be verified. In general, 25% shareholding will be recognized as normal risk, and the shareholder's identity must be verified; 10% shareholding or the condition accounting more voting rights or stocks will be considered as high risk, and the shareholder's identity must be verified.
IV. Transactions monitoring
4.1 We set and adjust the maximum amount of coins in daily transactions and cash withdrawing based on safety and actual trading conditions;
4.2 If transactions are frequently concluded by a registered user or there is an unreasonable situation, our professional team will assess and decide if they are suspicious;
4.3 For a suspicious transaction identified by our own judgment, we may take restrictive measures such as suspending、rejecting. If it is possible, we even reverse the transaction as fast as we can, and meanwhile report to the competent department with no notification to you;
4.4 We reserve the application for registration of people who come from registrations where standards are in conformity with the International AML standards or who can be considered as political public figures. We reserve the transactions that suspended at any time or suspicious transactions based on our own judgment, but what we do does not violate our obligations and responsibilities to you