Terms of Use

Welcome!

Thank you for visiting in cooperation with various online payment institutions ("Payment Institutions"). You hereby agree to these Terms and Conditions ("Terms and Conditions") between you and, and agree to be legally bound by its terms and conditions, so please read them carefully. Please also note that as a user in a specific jurisdiction, there may be specific terms or conditions applicable to you, as stated herein. If you cannot accept any of the terms or conditions in these Terms and Conditions, please do not access or use our services. "We", "Us" and "Company", "Platform" or "Our" as used in these Terms and Conditions refers to and any or all of its affiliates.

Use our services

You hereby declare and confirm that you have the necessary legal capacity to enter into these Terms and Conditions and agree to be legally bound by all the terms and conditions of these Terms and Conditions. You agree and understand that any subsequent changes to these Terms and Conditions by logging into your account or authenticating to our Application Programming Interface (“API”) using your API key (“API Authentication” or “API Authentication”) shall constitute your agreement to the revised Terms and Conditions between you and us and your agreement to be bound by the revised terms and conditions thereof. This means, among other things, that if you log into your account or API Authentication after these Terms and Conditions have been modified, transactions already conducted by you or others and benefits such as trading fee discounts and rebates obtained by you or others may be affected by the revised terms and conditions of these Terms and Conditions. Therefore, you agree to read these Terms and Conditions regularly. You agree and understand that we have the right to require your affirmative consent and continued acceptance of these Terms and Conditions from time to time as a condition of your access or use of any Service (defined below), logging into your account or API Authentication (as applicable). If you do not agree to be bound by these Terms and Conditions, you should not access or use any of the Services, log into your account or authenticate to the API. If you do not agree to these Terms and Conditions (including any changes or amendments thereto), please immediately suspend any use of the Services and close your account in accordance with the Account Closure section.

In order to use our Services, you must first comply with our Bank Secrecy Act ("BSA") and Anti-Money Laundering ("AML") compliance programs (collectively, the “BSA/AML Programs”) to successfully provide the identity information required class=normal-font-size>.

Please note that the Dispute Resolution section contains an arbitration clause and class action waiver. By agreeing to these Terms and Conditions, you agree to resolve any disputes through binding, individual arbitration, which means that you are waiving any right to have a judge or jury decide any dispute and any right to participate in a class action, whether a class action, class arbitration or representative action. class=bold-font-size>

Please print and save a copy of these Terms and Conditions, but please note that we reserve the right to change these Terms and Conditions at any time (with or without notice to you). The most current version of these Terms and Conditions will be available on this page.

Disclaimer

Notwithstanding and without limiting the terms under this Agreement, you agree, promise, understand and otherwise represent that we will not be responsible for any loss or damage arising from or related to: (A) any inaccuracy, defect or omission in digital asset price data, (B) any error or delay in the transmission of such data, (C) any interruption of such data, (D) scheduled or unscheduled maintenance conducted by us and service interruptions and changes caused by such maintenance, (E) any damage caused by the acts, omissions or breach of these terms by other users, and (F) any loss caused by the illegal acts of other third parties or any acts not authorized by us.

Applicable laws and regulations

Your conduct on the Site is subject to the laws, regulations and rules of any applicable government or regulatory agency (“Applicable Laws and Regulations”), including but not limited to Limited to:

• MiFID II/MiFIR; • Digital Markets Act (DMA); class=normal-font-size>

• Laws, regulations and rules of relevant taxation authorities;

• Applicable regulations and guidelines established by regulatory agencies;

• Banking Law of Lithuania

• GDPR

You expressly agree and understand that by registering for this legal service, you hereby agree and commit to comply with and be legally bound by these Terms and Conditions and applicable laws and regulations. For the avoidance of doubt, the receipt of all transaction fee discounts and rebates and the continued use of your account are conditional on compliance with these Terms and Conditions and all applicable laws and regulations at all times. Your transactions, cooperation or any disputes with will be governed by the laws of Lithuania.

Digital assets

As used herein, “digital assets” refers to digital assets (also known as “cryptocurrency”, “virtual currency”, digital currency or “virtual goods ”), such as Bitcoin or Ethereum, which is a digital representation of value based on (or built on) a computer network’s cryptographic protocols.

Wallet

The user will be given a private key which identifies it as belonging to that user. The public key is similar to an account username in that it will be used to identify the wallet so that Users can then receive tokens without revealing their identity. Private keys are like personal identification numbers, which will allow users to access their wallets and check balances, initiate transactions, etc. If a user loses any of these keys, the wallet It is actually useless. class=normal-font-size>

Users' wallet crypto assets will be securely stored in"hot" wallets, "cold" wallets, and "warm" wallets. Transfers between hot and cold wallets are at our discretion. Users who hold large amounts of cryptocurrency should generally not keep large amounts of cryptocurrency in hot wallets.

Users should notify us immediately if there is suspicious activity in any wallet. We will not be responsible for any losses beyond its control.

While we will try to deliver the digital currency to you as quickly as possible, funds may be debited from your selected payment method and the digital currency delivered to your digital currency before the status of your digital currency transaction is shown as completed. Coin wallet. style=mso-spacerun:yes;font-family:SimSun;font-weight:700;text-decoration:underline;text-underline:single;font-size:12pt>

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Your Transaction

By clicking the button below or otherwise using the services provided by a payment institution, you hereby agree not to hold OLIPAY responsible for any losses and/or damages resulting from any transaction, and agree not to seek any remedy from OLIPAY regarding the transaction. Crypto transactions are inherently irreversible, have no control over any transaction, and are not informed of its terms; no guarantees can be made regarding transactions, including but not limited to any guarantees regarding the fairness of transaction pricing. By using, visiting or otherwise accessing our services, you hereby acknowledge, agree and declare that you have not relied on any other written or oral statements or agreements regarding your use and access of the services.

You can use your bank card to purchase digital assets through third-party services provided by payment institutions, but you must comply with their terms of use.

Prohibited Activities

You are not allowed to use the Platform in your Account to conduct any Prohibited Activities, including but not limited to: use on any black market, ransomware, mixing services (i.e., mixers or tumblers used to mask the source of funds), or that may violate, assist in the violation of, or cause the violation of any applicable law or regulation (as defined in the “Applicable Laws and Regulations” section), or involve the proceeds of any illegal activity (collectively, the “Prohibited Activities”);

You agree and understand that we have the right to immediately (i) suspend your account and any related accounts, (ii) freeze/lock the funds and assets in all such accounts, and (iii) suspend your access if we suspect, in our sole discretion, that any such account has violated our Prohibited Activities Policy.

Fund transfer

You or any related party may not pre-arrange transactions on the for the purpose of transferring funds between accounts. All transactions executed on the must be conducted in good faith. , to execute bona fide transactions, and prearranged transactions designed to effect the transfer of funds from one account to another are strictly prohibited. class=normal-font-size>

Information Privacy

You agree that the information contained in your user account is for your use only and that you will not cause others to access or rely on that information (your (except to tax advisors or attorneys, or as otherwise required by law). We agree that we will keep such information confidential, subject to the following terms. class=normal-font-size>

You acknowledge and consent to the collection, use and disclosure of your personal information in accordance with the Privacy Policy of , which is incorporated into these Terms and Conditions by reference.

Anti-money laundering

In order to meet regulatory requirements and protect your assets, the platform or payment channel will verify your identity information and other documents. If you fail to complete the verification as required by the platform or payment channel, you will not be able to use the service, and the platform or payment channel has the right to impose restrictions on your account (including but not limited to blocking or deleting related services at any time without prior notice), and suspend, terminate or terminate the services provided to you, with or without notice, at our sole discretion.

All your assets are legal, safe assets, and belong to you in law and equity. There are no assets related to the financing of terrorism, money laundering or other criminal activities;

You may not use the platform or payment channels to launder money to conceal the illegal source of your assets and obtain illegal profits; you may not use this service for any illegal and criminal activities, such as money laundering and financing of terrorism, or provide financial support or disguised assistance for the financing of terrorism and money laundering.

If any suspicious changes occur to your information, we have the right to re-identify or verify your information, and will decide whether to continue to provide you with services or impose restrictions on your account (including but not limited to blocking and deleting related services at any time without notice), stop or even terminate the services provided to you based on the re-verification results.

Know Your Customers

In accordance with the laws and regulations of the relevant jurisdictions, we are obliged to take certain anti-money laundering measures, including collecting certain personal or corporate information from you (the "KYC process") and The nature of the information we collect about you may vary. In principle, if you have registered as an individual class=normal-font-size>users, we will collect the following information from you:

(a) Basic personal information: your name, address (and permanent address, if different), date of birth and nationality, and other available information. Identity verification should be based on documents issued by official or other similar institutions, such as passports, Identity card or other identification document required and issued by the relevant jurisdiction. class=normal-font-size>

(b) Valid photo: Before you register, you must provide a photo of you holding your ID card against your chest;

(c) Contact information: telephone/mobile number and valid email address.

If you are a company or any other type of legal entity, we will collect the following information from you to determine the ultimate beneficiary of your account or your trust account.

(a) Company registration certificate; copy of the articles of incorporation and company constitution;

(b) Detailed supporting documentation of the company's ownership structure and ownership description, as well as the board's decision to designate an authorized agent to open and operate the company's account on the website;

(c) According to the requirements of relevant rules, the identity documents of the company's directors, major shareholders and the authorized signatories of the company's account on the website;

(d) The company's principal business address, and the company's mailing address (if different from the company's principal business address). If the company's local address is different from its principal business address, the company should be considered a high-risk customer and the company will be required to provide additional documentation;

(e) Other certification documents, documents issued by competent authorities and other documents that we may deem necessary according to the laws and regulations of the relevant jurisdictions and the specific nature of your organization.

Authentication requirements are as follows:

(a) You need to provide the front and back of your ID;

(b) You will need to provide us with a photo of you holding your ID card against your chest;

(c)

(d) The ultimate beneficiaries and controllers of an account should be determined based on determining which individuals ultimately own or control the direct customer and/or determining that the transactions being conducted are on behalf of others. If you are a commercial enterprise, The identity of its major shareholders (for example, shareholders holding 10% or more of the voting rights in the business enterprise) should be verified. class=normal-font-size>

The information you submit will be maintained in compliance with applicable laws and our Privacy Policy, which is available on the website.

Account Security

Please use two-factor authentication when logging in and keep your password strong.

You should correctly use and save your account and login password, fund password, registered mobile phone number, and mobile phone verification code received on your mobile phone. You shall bear full responsibility for any actions and consequences caused by the use of your account and login password, fund password, and mobile phone verification code. When you find that your platform account, login password, fund password or verification code is used by a third party without your authorization, or other account security issues arise, you shall immediately and effectively notify the platform and payment channel. The platform and payment channel have the right to take action based on your request within a reasonable time, provided that the platform or payment channel is not responsible for any consequences that may occur before such action (including but not limited to any losses of yours).

You may not donate, lend, rent, transfer or otherwise dispose of your account to others without the consent of the platform or payment channel.

You shall make your own judgment on the information you obtain when using the Services and bear all risks arising from the use of such information, including the risks arising from reliance on the accuracy, completeness or usefulness of such information. The Platform cannot and will not be liable for any loss or damage caused to you by the above risks.

Banned Countries< b>

Notwithstanding and without prejudice to the rest of these Terms and Conditions, we reserve the right to suspend, modify or otherwise terminate the Service to Users who do not comply with international anti-money laundering standards, who have breached or we in our sole discretion believe or suspect of breaching these Terms and Conditions, or who may be considered to be political figures and public figures; based on our own assessment, we reserve the right to suspend or terminate suspicious transactions, but this does not breach any of our obligations and duties to you. In addition, we reserve the right to refuse service to residents of the following countries: Russian Federation, North Korea, Cuba, Sudan, Syria, Iran, Yemen, Zimbabwe, Myanmar, Lebanon, Libya, Bolivia, Ecuador, Bangladesh, Somalia, Iraq, Democratic Republic of the Congo, Central African Republic, Kyrgyzstan, Burundi, Afghanistan, Macedonia, Ethiopia, Guinea-Bissau, Guinea, Liberia, Trinidad and Tobago, Venezuela, Serbia, Crimea, Mainland China, Singapore, United States, Canada (hereinafter referred to as the "Prohibited Countries". The list of Prohibited Countries is non-exclusive and may be modified at any time with or without notice to you. You agree to check the list of Prohibited Countries regularly and agree to close your account in accordance with these Terms and Conditions if you find yourself residing in one of the Prohibited Countries. class=normal-font-size>

Preventing Victim-Assisted Fraud

To protect your financial security, we have set up an ID Confirmation Photo (IDCP) process for the elderly or vulnerable groups. If necessary, we may ask you to show your ID and a handwritten note to confirm that you know the purpose of the payment.

Although we use third-party tools to combat social engineering and device takeover fraud or impersonation fraud, you also need to carefully check your account details and payee before making any payment to prevent fraud. Without prejudice to the other terms of these terms and conditions, we are not responsible for any loss or damage you suffer as a result of any fraudulent or similar activities.

Other matters

By agreeing to these Terms and Conditions, you acknowledge and agree that OLIPAY reserves the right to record all telephone conversations, Internet conversations (including chats), and any meetings between you and OLIPAY for security purposes.

You also agree that reserves the right to monitor your use of the services on the website and that the resulting information may be used for its internal business purposes. class=normal-font-size>

You acknowledge that these Terms and Conditions are reasonable, valid and enforceable. However, if a court of competent jurisdiction finds any provision of these Terms and Conditions to be unenforceable, it is your and your intention that the court will narrow the scope of that provision only to the extent that the court deems absolutely necessary to make that provision reasonable and enforceable.

Failure or delay in exercising any right under this Agreement shall not be deemed a waiver of such right, and the single or partial exercise of any right shall not preclude any other or further exercise of such right.

Any claims arising out of these Terms and Conditions shall be governed by and construed in accordance with Lithuanian law and shall be subject to the exclusive jurisdiction of the Lithuanian courts.