These User terms and conditions (together with the documents referred to in it) (“Terms”) are the terms on which you may make use of our website www.cloudcoinz.com and the associated services (either existing or available in the future) and our digital assets trading services (“Online Platforms”), whether as a guest or a registered user. Use of the Online Platform includes accessing, browsing, or registering to use the Online Platforms. Please read these Terms carefully before you start to use the Online Platforms. We recommend that you print a copy of this for future reference.
By using our services, you confirm that you accept these Terms and that you agree to comply with them.
If you do not agree to these Terms, you must not use the Online Platforms If you do not agree with any amendments made by to these Terms at any time in future, you must stop using the Online Platforms with immediate effect.1. Agreement and Execution
The content of this agreement includes main body of this agreement and various rules that have been posted or may be posted from time to time by Cloudcoinz. All of the rules shall be an integral part of this agreement, and shall have the same legal effect as the main body of this agreement. Unless otherwise expressly provided, any service provided by Cloudcoinz and its affiliates (hereinafter referred as “Cloudcoinz Service”) shall be bound by this agreement. You shall carefully read through this agreement before using any Cloudcoinz Service, and pay close attention to the content written in bold font. You may consult Cloudcoinz if you have any question with regard to this agreement. However, regardless whether you have carefully read through this agreement before using Cloudcoinz Service, you shall be bound by this agreement as long as you use Cloudcoinz Service. You shall not claim to void or rescind this agreement on the ground that you did not read this agreement or you did not receive any respond from Cloudcoinz to your consultation. You hereby promise to accept and observe this agreement. If you do not agree to this agreement, you shall immediately stop registration/activation or stop using Cloudcoinz Service. Cloudcoinz may make or amend this agreement and various rules from time to time as needed, and announce the same on the website, without any individual notice to you. The amended agreement and rules shall come into effect immediately and automatically upon being announced on the website. If you do not agree to the relevant amendment, you shall immediately stop using Cloudcoinz Service. If you continue using Cloudcoinz Service, you shall be deemed as having accepted the amended agreement and rules.2. Registration and Account
You hereby confirm that you are an individual, legal person or other organization with full capacity for civil rights and civil conducts when you complete the registration or actually use Cloudcoinz Service in any other way allowed by Cloudcoinz. If you do not have the said capacity, you and your guardian shall undertake all the consequences resulted therefrom, and Cloudcoinz shall have the right to cancel or permanently freeze your account, and claims against you and your guardian for compensation.
You shall be bound by this agreement once you have filled in information, read and agreed to this agreement and completed the registration process following the instructions on the registration page or you have filled information, read and agreed to this agreement and completed the activation process following the instructions on the activation page, or upon your actual use of Cloudcoinz Service in a way permitted by Cloudcoinz. You may log in Cloudcoinz by your email address or mobile number that you have provided or confirmed or any other means permitted by Cloudcoinz. You must provide your real name, ID type, ID number and other information required by the laws and regulations. If any information you have provided during the registration is inaccurate, Cloudcoinz will not take any responsibility and any loss, direct or indirect, and adverse consequence resulted therefrom will be borne by you. Cloudcoinz accounts can only be used by the person whose name they are registered under. Cloudcoinz reserves the right to suspend, freeze, or cancel accounts that are used by persons other than the persons whose names the accounts are registered under. Cloudcoinz will also not take legal responsibility for these accounts.
During the registration or activation, you shall accurately provide and timely update your information by following the instructions on the relevant page according to the laws and regulations in order to make it truthful, timely, complete and accurate. If there is any reasonable doubt that any information provided by you is wrong, untruthful, outdated or incomplete, Cloudcoinz shall have the right to send you a notice to make enquiry and demand corrections, remove relevant information directly and, as the case may be, terminate all or part of Cloudcoinz Service to you. Cloudcoinz will not take any responsibility and any loss, direct or indirect, and adverse consequence resulted therefrom will be borne by you. You shall accurately fill in and timely update your email address, telephone number, contact address, postal code and other contact information so that Cloudcoinz or any other user will be able to effectively contact you. You shall be solely and fully responsible for any loss or extra expenses incurred during the use of Cloudcoinz Service by you if you cannot be contacted through these contact information. You hereby acknowledge and agree that you have the obligation to keep your contact information effective and to take actions as required by Cloudcoinz if there is any change or update.
You shall be solely responsible for the safekeeping of your Cloudcoinz account and password on your own, and you shall be responsible for all activities under your log-in email, Cloudcoinz account and password (including but not limited to information disclosure, information posting, consent to or submission of various rules and agreements by clicking on the website, online renewal of agreement or online purchase of services, etc.). You hereby agree that: a) you will notify Cloudcoinz immediately if you are aware of any unauthorized use of your Cloudcoinz account and password by any person or any other violations to the security rules; b) you will strictly observe the security, authentication, dealing, charging, withdrawal mechanism or procedures of the website/service; and c) you will log out the website by taking proper steps at the end of every visit. Cloudcoinz shall not and will not be responsible for any loss caused by your failure to comply with this provision. You understand that Cloudcoinz needs reasonable time to take actions upon your request, and Cloudcoinz will not undertake any responsibility for the consequences (including but not limited to any of your loss) that have occurred prior to such actions.
Through Cloudcoinz Service and other services provided by Cloudcoinz and its affiliates, members may post deal information, access to the pricing and dealing information of a deal and carry out the deal, participate in activities organized by Cloudcoinz and enjoy other information services and technical services. If you have any dispute with other members arising from any transaction on Cloudcoinz, once such dispute is submitted by one or both of you and the other member to Cloudcoinz for dispute resolution, Cloudcoinz shall have the right to make decision at its sole discretion. You hereby acknowledge and accept the discretion and decision of Cloudcoinz. You acknowledge and agree that, Cloudcoinz may, on requests from governmental authorities (including judicial and administrative departments), provide user information provided by you to Cloudcoinz, transaction records and any other necessary information. If you allegedly infringe upon any other’s intellectual rights or other legitimate interests, Cloudcoinz may provide the necessary ID information of you to the interest holder if Cloudcoinz preliminarily decides that the infringement exists. All the applicable taxes and all the expenses in relation to hardware, software, service and etc. arising during your use of the Cloudcoinz Service shall be solely borne by you. By using this service you accept that all trade executions are final and irreversible. By using this service you accept that Cloudcoinz reserves the right to liquidate any trades at any time regardless of the profit or loss position.4. User’s Guide of Cloudcoinz Service
You hereby promise to observe the following covenants during your use of Cloudcoinz Service on Cloudcoinz: All the activities that you carry out during the use of Cloudcoinz Service will be in compliance with the requirements of laws, regulations, regulatory documents and various rules of Cloudcoinz, will not be in violation of public interests, public ethnics or other’s legitimate interests, will not constitute evasion of payable taxes or fees and will not violate this agreement or relevant rules. If you violate the foregoing promises and thereby cause any legal consequence, you shall independently undertake all of the legal liabilities in your own name and hold Cloudcoinz harmless from any loss resulted from such violation. During any transaction with other members, you will be in good faith, will not take any acts of unfair competition, will not disturb the normal order of online transactions, and will not engage in any acts unrelated to online transactions. You will not use any data on Cloudcoinz for commercial purposes, including but not limited to using any data displayed on Cloudcoinz through copy, dissemination or any other means without prior written consent of Cloudcoinz. You will not use any device, software or subroutine to intervene or attempt to intervene the normal operation of Cloudcoinz or any ongoing transaction or activities on Cloudcoinz. You will not adopt any action that will induce unreasonable size of data loading on the network equipments of Cloudcoinz. You acknowledge and agree: Cloudcoinz shall have the right to unilaterally determine whether you have violated any of the covenants above and, according to such unilateral determination, apply relevant rules and take actions thereunder or terminate services to you, without your consent or prior notice to you. As required to maintain the order and security of transactions on Cloudcoinz, Cloudcoinz shall have the right to close relevant orders and take other actions in case of any malicious sale or purchase or any other events disturbing the normal order of transaction of the market. If your violation or infringement has been held by any effective legal documents issued by judicial or administrative authorities, or Cloudcoinz determines at its sole discretion that it is likely that you have violated the terms of this agreement or the rules or the laws and regulations, Cloudcoinz shall have the right to publish on Cloudcoinz such alleged violations and the actions that having been taken against you by Cloudcoinz. As to any information you may have published on Cloudcoinz that allegedly violates or infringes upon the law, other’s legitimate interests or this agreement or the rules, Cloudcoinz shall have the right to delete such information without any notice to you and impose punishments according to the rules. As to any act you may have carried out on Cloudcoinz, including those you have not carried out on Cloudcoinz but have had impacts on Cloudcoinz and its users, Cloudcoinz shall have the right to unilaterally determine its nature and whether it constitutes violation of this agreement or any rules, and impose punishments accordingly. You shall keep all the evidence related to your acts on your own and shall undertake all the adverse consequences resulted from your failure to discharge your burden of proof. If your alleged violation to your promises causes any losses to any third party, you shall solely undertake all the legal liabilities in your own name and hold Cloudcoinz harmless from any loss or extra expenses. If, due to any alleged violation by you to the laws or this agreement, Cloudcoinz incurs any losses, is claimed by any third party for compensation or suffers any punishment imposed by any administrative authorities, you shall indemnify Cloudcoinz against any losses and expense caused thereby, including reasonable attorney’s fee.5. Scope and Limitation of Liability
Cloudcoinz will provide Cloudcoinz Service at an “as is” and “commercially available” condition. Cloudcoinz disclaims any express or implied warranty with regards to Cloudcoinz Service, however, including but not limited to applicability, free from error or omission, continuity, accuracy, reliability or fitness for a particular purpose. Meanwhile, Cloudcoinz disclaims any promise or warranty with regards to the effectiveness, accuracy, correctness, reliability, quality, stability, completeness and timeliness of the technology and information involved by Cloudcoinz Service. You are fully aware that the information on Cloudcoinz is published by users on their own and may contain risks and defects. Cloudcoinz serves merely as a venue of transactions. Cloudcoinz serves merely as a venue where you acquire coin related information, search for counterparties of transactions and negotiate and conduct transactions, but Cloudcoinz cannot control the quality, security or legality of the coin involved in any transaction, truthfulness or accuracy of the transaction information, or capacity of the parties to any transaction to perform its obligations under the transaction documents. You shall cautiously make judgment on your own on the truthfulness, legality and effectiveness of the coin and information in question, and undertake any liabilities and losses that may be caused thereby. Unless expressly required by laws and regulations or any of the following circumstances occurs, Cloudcoinz shall not have any duty to conduct preliminary review on information data, transaction activity and any other transaction related issues of all users: Cloudcoinz has reasonable cause to suspect that a particular member and a particular transaction may materially violate the law or agreement. Cloudcoinz has reasonable cause to suspect that the activities conducted on Cloudcoinz by a member may be illegal or improper. You acknowledge and agree, Cloudcoinz shall not be liable for any of your losses caused by any of the following events, including but not limited to losses of profits, goodwill, usage or data or any other intangible losses (regardless whether Cloudcoinz has been advised of the possibility of such losses): use or failure to use Cloudcoinz Service. unauthorized use of your account or unauthorized alternation of your data by any third parties. expenses and losses incurred from purchase or acquisition of any data or information or engagement in transaction through Cloudcoinz Service, or any alternatives of the same. your misunderstanding on Cloudcoinz Service. any other losses related to Cloudcoinz Service which are not attributable to Cloudcoinz. In no event shall Cloudcoinz be liable for any failure or delay of service resulted from regular equipment maintenance of the information network, connection error of information network, error of computers, communication or other systems, power failure, strike, labor disputes, riots, revolutions, chaos, insufficiency of production or materials, fire, flood, tornado, blast, war, governmental acts or judicial orders. You agree to indemnify and hold harmless Cloudcoinz, its contractors, and its licensors, and their respective directors, officers, employees and agents from and against any and all claims and expenses, including attorneys’ fees, arising out of your use of the Website, including but not limited to out of your violation this Agreement.6. Termination of Agreement
This AML Policy is designed to regulate and eliminate the Money laundering on our services by meeting the Indian AML legislation obligations including the need to have adequate systems and controls in place to mitigate the risk of the firm being used to facilitate financial crime.
This AML Policy sets out the minimum standards which must be complied with and includes:
We believe in being self-regulated and follow certain customer identification procedure for opening of accounts and monitoring transactions of a suspicious nature for the purpose of reporting it to appropriate authority.
We are committed to ensure that our website or services are not used to facilitate money laundering or the funding of terrorism or any other criminal activities. To fulfill this goal, we have designed our own know-your-customer/KYC and anti-money laundering/AML information acquiring system to safeguard our customers and ensure continuous, clean barter.
As a part of identification procedure, we need to obtain certain customer identification documents including a copy of PAN card and address proof from every customer.
This will help us to identify who are paying us money and to whom we are sending money, without which our website and services can be used for money laundering and other illicit purposes.