Legal Disclaimer
Welcome to FORTUNA BLOCKCHAIN SOFTWARE DEVELOPMENT LDA and our MONETADEX provides its services, including the decentralized exchange (DEX) and cryptocurrency transaction features, strictly on an "as is" and "as available" basis, without any warranties, whether express or implied. This means that MONETADEX does not guarantee the performance, accuracy, reliability, or availability of its services, and disclaims any liability for technical issues or disruptions that may arise.
No Financial or Investment Advice
MONETADEX does not act as a financial advisor or provide investment advice of any kind. The platform is solely a tool for facilitating decentralized cryptocurrency transactions. Users should be aware that engaging in cryptocurrency trading or holding digital assets involves significant risks, including but not limited to:
Market Volatility: Cryptocurrency prices can fluctuate dramatically, leading to potential loss of value.
Security Risks: Despite best efforts, the inherent risks in digital asset storage and management, such as hacking, phishing, or other cyber threats, are present.
Regulatory Changes: Laws and regulations governing cryptocurrency may change, and the legality of activities involving digital assets may vary by jurisdiction.
User Responsibility and Compliance
It is the sole responsibility of users to ensure that their use of MONETADEX services complies with all applicable local laws and regulations. MONETADEX does not make any representation or warrant the legality of cryptocurrency-related activities in any specific jurisdiction. Users should be aware of the legal status of cryptocurrencies in their own country and ensure compliance with any tax or regulatory obligations.
MONETADEX shall not be held responsible for any legal consequences, financial losses, or penalties arising from a user's failure to adhere to local laws or from participation in activities related to digital assets.
Limitation of Liability
MONETADEX will not be liable for any direct, indirect, incidental, or consequential losses or damages incurred as a result of using its services. This includes but is not limited to losses arising from:
Transaction Errors: Incorrect, delayed, or failed transactions conducted on the platform.
Security Breaches: Unauthorized access to user accounts or digital wallets.
Technical Issues: Service outages, delays, or any technical failures affecting the platform's performance.
Risk Acknowledgment
By using the MONETADEX platform, users acknowledge and accept the risks associated with trading cryptocurrencies. It is strongly recommended that users conduct thorough research before engaging in any cryptocurrency transactions and seek advice from a qualified legal or financial advisor when necessary.
MONETADEX does not endorse any particular cryptocurrency, token, or investment strategy. The decision to engage in cryptocurrency transactions is entirely at the user’s discretion and risk.
Acceptance of Disclaimer
By accessing or using MONETADEX’s services, users agree to this legal disclaimer and the assumption of all associated risks. Continued use of the platform signifies acceptance of these terms.
For additional information, including a comprehensive understanding of the platform’s policies and user obligations, please refer to the full Terms of Use and Privacy Policy available on the Support page.
Risk Disclosure
When using our platform for cryptocurrency transactions, you should understand and accept the inherent risks involved. The value of cryptocurrencies can be extremely volatile, and price fluctuations may result in substantial financial losses. Market conditions, including high trading volumes or low liquidity, may affect your ability to execute transactions at expected prices. Additionally, technological risks, such as hardware, software, or internet failures, can impact transaction execution.
It’s crucial to assess your financial situation carefully and only trade what you can afford to lose. The risks related to blockchain modifications, such as hard forks, and the use of unsupported cryptocurrencies, are also present. We are not liable for losses incurred due to these risks or any unforeseen circumstances related to cryptocurrency trading.
Always conduct thorough research before engaging in any transactions and consider seeking advice from a financial professional to ensure you fully understand the risks associated with digital asset trading.
This version keeps the key points about volatility, liquidity, technological risks, and blockchain changes, while streamlining the text for clarity and better readability.
Feel free to adjust based on your specific platform's risk factors and policies.
Here is a rewritten version of Terms of Use tailored for MONETADEX:
Terms of Use
1. Introduction
These Terms of Use govern the access and use of MONETADEX's services, including the website, APIs, and all related technologies. By accessing or using our platform, you agree to these terms. If you do not agree, you must cease using MONETADEX immediately.
2. Eligibility
To use MONETADEX, you must be at least 18 years old and comply with all applicable laws, rules, and regulations in your jurisdiction. MONETADEX reserves the right to refuse service or close accounts for individuals who do not meet these requirements.
3. User Obligations
As a user, you agree to provide accurate information, maintain the confidentiality of your account credentials, and accept full responsibility for all activities that occur under your account. You are prohibited from using MONETADEX for any unlawful activities, including fraud, money laundering, or the financing of terrorism.
4. Risks
Using MONETADEX involves significant risks, including but not limited to market volatility and technological failures. You acknowledge that you understand these risks and agree that MONETADEX is not responsible for any financial losses you may incur.
5. Account Suspension and Termination
MONETADEX reserves the right to suspend or terminate your account at its sole discretion, without prior notice, for violations of these terms or any applicable laws. Upon termination, you must cease all use of our services.
6. Intellectual Property
All content, trademarks, logos, and designs on MONETADEX are the intellectual property of MONETADEX and are protected by applicable copyright and trademark laws. You are not permitted to use, modify, or distribute any content from our platform without explicit permission.
7. Limitation of Liability
MONETADEX and its affiliates will not be held liable for any indirect, incidental, or consequential damages arising out of the use or inability to use our platform, including but not limited to financial losses, data loss, or service interruptions.
8. Amendments to Terms
MONETADEX may update these Terms of Use from time to time. Any changes will be effective immediately upon posting on our website. Continued use of the platform following such changes constitutes acceptance of the revised terms.
9. Governing Law
These terms are governed by the laws of the jurisdiction where MONETADEX is registered. Any disputes arising from or related to these terms shall be resolved exclusively in the courts of that jurisdiction.
10. Contact Information
For any questions or concerns regarding these Terms of Use, please contact us via our support page.
MONETADEX's AntiMoney Laundering and CounterTerrorist Financing (AML/CFT) Policy
MONETADEX is committed to maintaining the highest standards of AntiMoney Laundering (AML) and CounterTerrorist Financing (CFT) compliance. We adhere to both local and international regulations to prevent the misuse of our platform for illicit activities.
1. Policy Objectives
The objective of this policy is to prevent and mitigate the risks of money laundering and terrorist financing through MONETADEX's services. This policy ensures compliance with all relevant legal requirements, preventing the use of MONETADEX for illegal activities, including money laundering and terrorist financing.
2. Customer Due Diligence (CDD)
MONETADEX partners with third party service providers (aggregators) to handle the Know Your Customer (KYC) and Customer Due Diligence (CDD) processes. When users engage in transactions, our aggregators are responsible for collecting and verifying customer information, ensuring compliance with KYC regulations.
third party KYC: Aggregators conducting transactions through MONETADEX perform the necessary customer identification and verification in accordance with applicable laws.
Ongoing Monitoring: Although third parties manage initial KYC procedures, MONETADEX monitors transaction activity for any unusual or suspicious behavior, flagging transactions as necessary for further investigation.
3. Transaction Monitoring
MONETADEX utilizes automated systems to track and review transaction data for suspicious activity. Any flagged transactions will undergo additional scrutiny, particularly those involving large amounts, irregular patterns, or activity from high risk jurisdictions.
4. Reporting Obligations
MONETADEX and its third party aggregators have established procedures to meet mandatory reporting obligations:
Suspicious Activity Reports (SARs): Any identified suspicious activity will be reported to the relevant financial authorities.
Threshold Reporting: Transactions surpassing specific monetary thresholds will be reported in accordance with applicable regulatory requirements.
5. Sanctions Compliance
MONETADEX does not allow its platform to be used by individuals, entities, or countries under international sanctions. Users are screened against global sanctions lists by both MONETADEX and its third party partners.
6. Record Keeping
Our third party service providers retain records of customer information and transaction histories in compliance with KYC requirements. MONETADEX also maintains relevant records, securely stored for the legally mandated retention period.
7. Training and Awareness
MONETADEX ensures that all employees, especially those in compliance roles, are trained to identify suspicious activity, understand AML/CFT regulations, and follow proper procedures for reporting.
8. Internal Controls and Audit
MONETADEX regularly updates its internal controls to align with evolving AML/CFT regulations and performs independent audits of its policies and processes to maintain effectiveness.
9. NonCompliance
Any noncompliance with this policy or involvement in suspicious activities may lead to the suspension or termination of services, reporting to authorities, and potential legal action.
10. Cooperation with Authorities
MONETADEX is fully committed to cooperating with law enforcement and regulatory bodies in the global fight against money laundering and terrorist financing.
MONETADEX Privacy Policy
Effective Date: October 16th 2024
MONETADEX (“we,” “us,” “our”) is committed to protecting your privacy. This Privacy Policy outlines how we collect, use, disclose, and safeguard your personal information when you access our website, services, and platform. By using MONETADEX, you agree to the practices described in this policy.
1. Information We Collect
We collect personal information that is necessary for providing our services. This may include:
Personal Identification Information: When you sign up or use MONETADEX, we may collect your name, email address, contact details, and other identifying information.
Transaction Information: We may collect data related to your use of our services, including details about cryptocurrency transactions, wallet addresses, and transaction history.
Usage Data: We collect information on how you interact with our platform, such as IP addresses, browser types, operating systems, and activity logs.
third party KYC Information: If applicable, MONETADEX uses third party aggregators to handle Know Your Customer (KYC) processes. These aggregators may collect and verify personal data required for identity verification and AML/CFT compliance.
2. How We Use Your Information
We use the personal information collected for a variety of purposes, including but not limited to:
Providing Services: To facilitate and process cryptocurrency transactions, user registrations, and account management.
Compliance with Legal Obligations: To comply with regulatory requirements, such as anti money laundering (AML) and counterterrorism financing (CFT) obligations.
Improving Services: To enhance and optimize our platform, analyze usage trends, and improve user experience. Communications: To send updates, newsletters, or respond to inquiries. Users may opt out of promotional communications at any time.
3. Cookies and Tracking Technologies
MONETADEX uses cookies and other tracking technologies to improve your browsing experience and collect usage data. Cookies help us remember your preferences, deliver relevant content, and analyze traffic. You can choose to disable cookies through your browser settings, but this may affect the functionality of the platform.
4. How We Share Your Information
We do not sell or rent your personal information. However, we may share your data in the following situations:
With third party Providers: To process transactions and perform KYC checks, we share your information with third party service providers, such as payment processors and identity verification platforms.
With Legal Authorities: If required by law, we may disclose your personal information to government authorities to comply with legal obligations, enforce our policies, or respond to legal processes.
Business Transfers: In the event of a merger, acquisition, or sale of company assets, your information may be transferred to the new entity.
5. Data Security
MONETADEX employs advanced security measures to protect your personal information from unauthorized access, use, or disclosure. This includes encryption, secure servers, and regular security audits. However, no method of transmission over the internet is 100% secure, and we cannot guarantee absolute security.
6. Your Rights
Depending on your jurisdiction, you may have rights regarding your personal data, including:
Access and Correction: You can request access to or correction of the personal information we hold about you.
Deletion: You may request the deletion of your personal data, subject to legal and regulatory requirements.
Data Portability: You may request a copy of your personal data in a structured, machine readable format.
To exercise any of these rights, please contact us using the details provided below.
7. International Data Transfers
Your personal information may be transferred to and stored in servers located outside your country of residence. By using MONETADEX, you consent to such transfers, and we ensure that your information is handled in compliance with applicable data protection laws.
8. Children’s Privacy
MONETADEX is not intended for use by individuals under the age of 18. We do not knowingly collect personal information from minors. If we become aware that we have inadvertently collected such information, we will take steps to delete it.
9. Changes to This Privacy Policy
MONETADEX reserves the right to update this Privacy Policy at any time. Any changes will be posted on this page, with the updated policy taking effect immediately upon posting. We encourage you to review this page regularly to stay informed about how we protect your data.
10. Contact Information
If you have any questions or concerns about this Privacy Policy or how we handle your personal information, please contact us at:
MONETADEX Contact support@monetadex.com