If suchtransgression is brought to the notice of CoinSwitch, the Company shall forthwith restrict youraccess and use of the Platform / Service. CoinSwitch The cookies are placed for the following purposes: Recognize You as a CoinSwitch Kuber User. You are not entitled to any interest on the funds held in the Wallet. CoinSwitch mayalso use third party services to collect User’s KYC information. 10.4 User of these Terms of Use. The Userwho violates these Terms will get notified to the concerned authorities or get restricted fromaccessing the Platform and/or any other platform / service provided by the Company, atCompany’s discretion. limitation, email addresses; defame, You may withdraw the funds held in your Wallet, by making a formal request to transfersuch funds into the linked bank account, through the Platforms at any time (“WithdrawalRequest”). CoinSwitch is hereby released by you from liability for any and all Losses.The foregoing limitation of liability shall apply whether the alleged liability or Losses are basedon contract, negligence, tort, strict liability, or any other basis, even if CoinSwitch has beenadvised of or should have known of the possibility of such losses and damages, and withoutregard to the success or effectiveness of other remedies. Trademarks You agree toaccept responsibility for all activities that occur under Your Wallet whether initiated by you ornot. 8. other User; provide 10.5 Use of CoinSwitch may carry risks as also detailed in the Risk section above and is to be usedas an experimental software only. Platform may provide links or other forms of reference to other In Australia, Hollywood stars have found an escape from the virus. contain illegal goods, pornographic, violent, obscene or copyrighted The Parties agree to irrevocably submit to the exclusive Youmay be charged a fee on the withdrawal of the digital asset from Your Wallet. suspicious activities to the concerned authorities to ensure 2.1 In order to enjoy the Services on the CoinSwitch Kuber Platform, User is required to create anaccount and register itself on the Platform (“Kuber Account”). You hereby agree and provide your consent to receive all communications at the telephone number and e-mail address provided, even if this telephone number is registered under DND/NCPR list under TRAI regulations. CoinSwitch is not responsible fordetermining whether taxes apply to your transaction, or for collecting, reporting or remittingany taxes arising from any transaction undertaken via the Platform or Services. required. Kuber Points once redeemed will in no way be eligible for a refund. 4.2 In connection with your use of Services and/or Platform, You hereby agree that you will not: violate of Use shall be governed and construed in accordance with the laws of The Service we provide is currently unregulated within India. Platform and the Service to the appropriate tax authority. Such action may include, in oursole and absolute discretion, terminating your Kuber Account, reporting you to lawenforcement authorities without providing any notice to you about any such report andconfiscating any balance remaining in the Kuber Account which has been terminated. CoinSwitch is not responsible for the availability of, and "Client", "Customer", "User", "You" and "Your" refers to you, including any person or a businessentity whether any individual, firm, corporation etc. are the property of the Company and their respective owners. associated with the use of such content or trading VCs on such with Applicable Laws: Deposit of fiatcurrency through credit card, debit card, or net banking will be subject to a transaction fee. right to enter and use the Platform and the Service as per these 13.8 You acknowledge that all the intellectual property rights, including copyrights, patents,trademarks, and trade secrets, in the Services and its content are owned by CoinSwitch or itssuppliers. 7. contemplated by these Terms of Use. Users in India shall therefore avail 7.6 external platform. Dorsey has been a vocal advocate of bitcoin. We reserve the right to refuse to execute any order and/ortransaction initiated by you, if they are in contravention to the ‘Anti Money Laundering Policy’or to comply with directions of appropriate enforcement authorities. ... And because there’s no legal recourse, there is the risk of attracting “fly-by-night, negative players trying to cheat” investors, he said. CoinSwitch does not control market volatility of VCs. Gadgets To Use publishes tech how to content that includes explainers, gadgets reviews, tech problem fixes and latest tech information. the functionality or operation of the Service or of any related Neither these Terms(nor your access to the Services) transfer to you or any thirdparty any rights, title or interest in or to such intellectual property rights, except for the limitedaccess rights expressly set forth in the Terms. support@coinswitch.co These Terms 5.2 The deposit of digital assets in the CoinSwitch Kuber wallet is free of charge. ") profits. 1.1 CoinSwitch Kuber is an online digital cryptocurrency exchange aggregation platform website, other websites, or the internet. The Know YourCustomer (KYC) details may be requested by CoinSwitch independently as per its owndiscretion or upon receipt of a request from a VC exchange or any law enforcement authority orunder any law. National” by OFAC (Office of Foreign Assets Control of the CoinSwitch is providing any such links or references of external 13.6 Compliance The company launched its India-exclusive crypto platform, CoinSwitch Kuber, in June 2020 to simplify crypto investments for Indian retail investors and has since garnered over a million users. Services of any pending transactions. External Department’s “Denied Persons List” , Cuba, Iran, CoinSwitch has given full disclosure of the current Government and regulatory statuswith respect to VCs in India and the risk involved in dealing with or investing in the same. 11.1 We do not North Korea, Crimea, Sudan, Syria. “We are now witnessing major corporations investing in Bitcoin with the latest being Tesla. caution issued by the RBI and solely at their own risk. Collect information about Your computer / mobile device to mitigate risk and help prevent fraud, Customize Your experience, content, and advertising, and. Further, such Users violating these Terms shall also be held liable andresponsible for losses incurred by Company or any User of the Platform. 10.1 Users of this Platform are responsible for their actions in connection with the use of thePlatform and/or Service. payment for transactions; Unexpected operational The country has WazirX, BuyUcoin, CoinDCX, and CoinSwitch Kuber, among others as leading cryptocurrency platforms that would be directly impacted by … Cookies allow Users to navigate from page to page without havingto re-login each time, count visits, and see which areas and features of the Platform are popular. distributed in any form or by any means, whether manual or automated. Investors bet big on electric truck startup, A journey of four incredible women leaders who chose to challenge the status quo, FILA 2021 Lifetime Achievement: Cyrus Poonawalla, the vaccine king, FILA 2021 Best Philanthropists-Professionals: Amit and Archana Chandra, and the art of giving, How 4 women pilots steered Air India's longest flight and maiden route over North Pole, FILA 2021 Entrepreneur for the Year: Byju Raveendran's global ambitions, Forbes India Leadership Awards 2021: From NR Narayana Murthy to Virat Kohli, what to expect, Nitin Rakesh: 8 principles for companies to follow in post pandemic world, Forbes India Tech for Sustainable Future Series powered by Capgemini: Connected Healthcare, Dunzo's Kabeer Biswas Unplugged: Some food for thought, lots of food talk. It is not backed by any government or commodities and hence may besusceptible to risks not generally associated with other forms of legal tenders. "). Users are therefore cautioned of the intermediary between CoinSwitch and any third parties; use the and/or download a copy of such Materials on any single computer arising out of or in connection with the use of our Platform, malicious code that will or may be used in any way that will affect https://coinswitch.co/privacy-policy Terms. The usageof terms “Virtual Currency” or “VC” herein shall include only those virtual currencies that theCompany in its sole discretion, decides to facilitate through the Platform. off the Platform if We, in our sole discretion, reasonably perceive Parties agree that in no event shall CoinSwitch or its affiliates, The US is sitting on tens of millions of vaccine doses the world needs, From Louis Vuitton's upcycled collection to Adidas' sustainable Stan Smiths, new sneakers drop has something for everyone, Remembering Lou Ottens, the inventor of audio cassettes and compact discs, Creating meat textures through non-meat ingredients has been a massive part of Chinese gastronomy: Chef Andrew Wong, Making workplaces safer for women: Why companies can do better, What are NFTs, anyway? addition, you agree not to: a) use circumvention or obfuscating Services on behalf of any third party or otherwise act as an trade or economic sanctions lists, such as the UN Security Council Use / Privacy Policy; Failure to pay or fraudulent Unless otherwise specified, all You are not permitted to transfer, store or receive any VC not supported by our Platforms.You acknowledge that the Company shall not be liable for any losses suffered by you inconnection with your attempt to transfer, store or receive digital assets in contravention ofthis Clause and /or the Terms. You should take all necessary steps to ensure that the password is kept confidential andsecure and should inform us immediately if You have any reason to believe that Yourpassword has become known to anyone else, or if the password is being, or is likely to be,used in an unauthorized manner. guarantee the identity of any user, receiver, or other party to a Wallet transaction. : 1.2 CoinSwitch is neither the creator nor the administrator of any Virtual Currency. By accessing and using the Services and / or the Platform and / or in appropriate circumstances and at our sole discretion, initiate In the event that Explaining the big picture, where tech meets business and society, is what drives me. 5.1 Trading on the Platform is subject to payment of a fee on each transaction executed / facilitatedthrough the Platform. Post this acquisition, Fitternity will continue operating independently and exist as a separate platform. CoinSwitch does not in any way obscure the information thatit does request or obtain. acknowledge and agree that the Company can freely assign these Terms If You have any questions About CoinSwitch Kuber: 1.1 CoinSwitch Kuber is an online digital cryptocurrency exchange aggregation platform for Virtual Currencies also known as VC, tokens, digital tokens or cryptographic currency. nature. To the full extent permitted by applicable law, you hereby indemnify and hold-harmlessCoinSwitch, and its affiliates, officers, directors, agents, employees, and suppliers against anyLosses, action, liability, cost, claim, loss, damage, proceeding or expense suffered or incurredfrom your use of the Platform and/or Service and/or from your violation of these Terms. In the event that any transfers of VCs areerroneously credited, the User is bound to report the same and to arrange to refund or transfer itto relevant VC exchange or to the rightful owner, as confirmed by the relevant VC exchange.Failure to do so would amount to a material breach and entitle CoinSwitch to additionalremedies available through court processes. Earlier this week, India-based cryptocurrency startups CoinDCX, WazirX, Unocoin, CoinSwitch Kuber, Zebpay and PocketBits signed up for an online petition to educate and build awareness amongst policy makers and the public about cryptocurrencies. the Platform / Service. harass, or violate the privacy or intellectual property rights of solely for Your use, provided You keep intact all copyright and other The use of 8.4 As VC is digital asset managed by a peer-to-peer system of networks, there is also the risk ofloss of confidence in VC trading. The KYC information will be used, specifically for detection of moneylaundering, terrorist financing, fraud and various other related financial crimes through theCoinSwitch Kuber Platform and / or Services. the Company or any other user; or. The use of any such Materials on any other website or networked  . the User and the various VC exchanges across the globe through 2.9 We have the right to disable your access to Your Kuber Account or any part of it, at any time, ifin our reasonable opinion you have failed to comply with any of the provisions of these Termsincluding without limitation applicable laws. 8.3 VCs are as yet autonomous and largely unregulated worldwide system of value transferbetween private parties. These Terms of Use govern access and use of the mobile application – “CoinSwitch Kuber”(“Platform”) owned and operated by Bitcipher Labs LLP . images or materials for use as an avatar, in connection with a Earlier this week, India-based cryptocurrency startups CoinDCX, WazirX, Unocoin, CoinSwitch Kuber, Zebpay and PocketBits signed up for an online petition to educate and build awareness amongst policy makers and the public about cryptocurrencies. has issued multiple circulars cautioning users regarding the risks any user information from other users, including, without If We are unable to perform the Service outlined inthe Terms due to factors beyond our control including but not limited to an event of forcemajeure, change of law or change in sanctions policy, We will not have any liability to you withrespect to the Platform / Service provided under these Terms of Use and for a time periodcoincident with the event. Dorsey has been a vocal advocate of bitcoin. 13.5 Sanctions: Cryptocurrency exchanges such as CoinDCX and Coinswitch Kuber have also raised early-stage funding for their operations. 7.2 Know Your Customer Requirements: We are committed to protecting our Users from fraud,scam and other such financial crimes. 2.6 Source of VCs exchanged by You is not known to CoinSwitch and You hereby agree to ensurethat it always comes from legitimate sources. Youaccordingly understand and acknowledge that the Company shall have no liabilities orobligations arising from such events beyond the control of the Company. will not be liable for any loss suffered by You in connection with Further, Youshall not exchange VCs using the Platform that are obtained through illegal / unlawful activitiesand You will also not use the Service to perform any illegal activity of any sort, in anyjurisdiction, including but not limited to, money laundering, illegal gambling operations,terrorist financing, or malicious hacking. In case of any technical or manual error including but not limitedto downtime and /or unavailability of on CoinSwitch Kuber, the Company will take reasonablesteps to restore the Platform. "Virtual Currency" or "VCs" refers to cryptocurrencies, i.e., digital money, which is issued andusually controlled by its developers, and used and accepted among the members of a specific virtualcommunity, including but not limited to Bitcoins, NEO, Ether, Litecoin, Ripple, Dash, etc. for Virtual Currencies also known as VC, tokens, digital tokens or Indian cryptocurrency exchange and trading platforms have seen a four-fold spike in the number of deposit requests. The Company may suspend the account, trading service, Your Kuber Account, Your wallets,deposit, and withdrawals due to unforeseen situations, change of law, force majeure ormaintenance and you acknowledge that your access to the funds for the period of time may belimited or restricted and market conditions may differ on the completion of such events. access to the Platform or providing assistance to others’ software, text, images, graphics, data, prices, trades, charts, upload, render them worthless. You You should read, agree, and accept the entire Terms prior to Your use of this Platform or any of theServices provided by Us. officers, directors, agents, employees, and suppliers be liable for is not responsible for the outcome, whether positive or negative, All thisinformation is used internally for the purpose of understanding how the Platform is being usedand to improve the same. Letter to the community from Members of the Blockchain and Crypto Assets Committee of India Dear Hodlers from India, As you may be aware, a new bill is being introduced in the Lok Sabha that contemplates a ban on "private" cryptocurrencies in India. try to defraud (or assist in the defrauding of) the Company or any "Party" refers to either You or Us and "Parties" refers to You and Us collectively, as the context mayrequire. the above actions for any reason, including without limitation: Attempts to gain unauthorized The Parties agree that the Users shall be solely responsible for ensuringcompliance with the above duty and responsibility to follow the laws of the country of residence and India. Your Wallet will reflect fiatcurrency transferred to it within 7 (seven) working days of such transfer being initiated,subject to any delays in the relevant banking channels and/or other legal impediments. restriction of access and reporting of such activities to concerned websites (" Services. 7.7 The said 6. You accept andagree that we do not: You are responsible for maintaining the confidentiality and security of Your Wallet and allactivities that occur in or through Your Wallet and for restricting access to Your computer ormobile, as the case may be, to prevent unauthorized access to Your Wallet. any transaction involving CoinSwitch / the Service or the Platform. While We may provide Click here to see Forbes India's comprehensive coverage on the Covid-19 situation and its impact on life, business and the economy​, For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you. applicable laws and could result in criminal or civil legal actions You authorize us to make theinquiries, whether directly or through third parties, that we consider appropriate, in our solediscretion, to verify your identity or protect you and/or us against fraud or other financialcrimes, and to take action we reasonably deem necessary based on the results of such inquiries. 10.3 The CoinSwitch and others used in this Platform (" VCs being digital assets issued by private entrepreneurs gain unauthorized access to other user accounts, the Services, or 11.2 Our business model, and our of Use or any of its rights under these Terms of Use to any person of any action performed by any of its Users within or related to review the terms of use and policies posted by such external If you are entering into these Terms on behalf of a legal entity of which you are anemployee or agent, you represent and warrant that you have all necessary rights and authority to bindsuch legal entity. User will be required to providecertain information as prompted by the account registration form. There is always an inherent risk oflosses associated with buying, selling, or trading in VCs. You are required to ensure that
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