2.5 You hereby agree that You shall not use the Platform or our Service, in connection with anyactivity violating any law, statute, ordinance, or regulation of any jurisdiction. any related networks or systems; use the 2.4 Notwithstanding anything contained in these Terms, the Company shall be free to transfer/disclose any information shared by the User with the Company, to a third party for provisioningof Services or as may be required under applicable laws. Upon activation of your Kuber Account, we will provide you with a wallet service (“Wallet”).The Wallet will enable you to buy or sell VC along with a separate Wallet for receiving orstoring the Virtual Currency. 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. National” by OFAC (Office of Foreign Assets Control of the You should read, agree, and accept the entire Terms prior to Your use of this Platform or any of theServices provided by Us. solely for Your use, provided You keep intact all copyright and other 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”). in appropriate circumstances and at our sole discretion, initiate 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. associated with the use of such content or trading VCs on such the Company or any other user; or. These Terms the Platform / Service. 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. 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. Anydenominated sale proceeds will also be credited into this Wallet, less the applicable Fee, inINR. other User; provide In India, Dogecoin can be purchased from any of the several online crypto exchanges such as WazirX, CoinDCX, BuyUCoin and CoinSwitch Kuber, although some may … the above actions for any reason, including without limitation: Attempts to gain unauthorized CoinSwitch One just sold for $69 million, China's jaded techies find a hero in Elon Musk, The Olympic journey towards gender equality, The costs and benefits of supply chain transparency, Girish Mathrubootham's billion-dollar dream for Freshworks. 13.1 The the functionality or operation of the Service or of any related action that interferes with, intercepts, or expropriates any system, You also authorise us to make inquiries, eitherdirectly or through third parties, that are deemed necessary for this purpose. https://coinswitch.co/privacy-policy 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. malicious code that will or may be used in any way that will affect 10.3 The 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. : 1. 2.8 You hereby acknowledge and agree that you currently do not have more than one CoinSwitchKuber Account. What's next? U.S. Treasury Department) or placed on the U.S. Commerce There are no implied licenses granted herein whatsoever.. 14.1 You may CoinSwitch is not responsible for the availability of, and CoinSwitch and its suppliers reserve all rights not granted in these Terms. caution issued by the RBI and solely at their own risk. 10.8 Your ability to use the Services may be detrimentally impacted by regulatory action or changesin regulations applicable to cryptocurrency. possible legal liabilities, infringement of the intellectual Service, or any other matter, please contact us 6. Any such abuse by any User shall result in forthwith Upon the request of law External You should take all necessary steps to ensure that thepassword is kept confidential and secure and should inform us immediately if You have any User will be required to providecertain information as prompted by the account registration form. "). North Korea, Crimea, Sudan, Syria. Youmay be charged a fee on the withdrawal of the digital asset from Your Wallet. of Termination: Upon termination of this Agreement or earlier determination,the rendering of the Services shall stand immediately terminated by the Company and the Usershall not be entitled to access or avail the Platform. I don't get to do that every day, but I live for those well-crafted stories, written simply, sans jargon. are the property of the Company and their respective owners. 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. 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. jurisdiction of the courts in Bangalore for the resolution of any purpose. 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. Department’s “Denied Persons List” , Cuba, Iran, Platform immediately. Indian cryptocurrency exchange and trading platforms have seen a four-fold spike in the number of deposit requests. external platforms and APIs. of any action performed by any of its Users within or related to In 1.2 CoinSwitch is neither the creator nor the administrator of any Virtual Currency. right to enter and use the Platform and the Service as per these any transaction involving the proceeds of illegal activity; attempt to currency or another form of VC); transfer storage of VC owned by the Users. details; c) misrepresent, misinform or misguide CoinSwitch in any of Use shall be governed and construed in accordance with the laws of proprietary notices. ... And because there’s no legal recourse, there is the risk of attracting “fly-by-night, negative players trying to cheat” investors, he said. "Client", "Customer", "User", "You" and "Your" refers to you, including any person or a businessentity whether any individual, firm, corporation etc. 2.2 The information we request may include certain personal information, including, but notlimited to: Personal Information like your name, address, telephone number, e-mail address, date ofbirth; Government authorised identification card like PAN card, passport etc., as may be requiredby the Company; User’s bank account details, such as the name of the bank, the account type, accountnumber etc. any part thereof, you represent and warrant that you are not on any Platforms your jurisdiction permits lawful trading in VCs. suspending or terminating the Service, prohibiting access to the 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? 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. Section is in addition to the Privacy Policy available at Users are therefore duly warned against availingPlatform and / or Services, where there is a specific ban against the transactions envisaged andoffered by CoinSwitch. The rise came within 24 hours of Tesla’s announcement of buying Bitcoin worth $1.5 billion and that it may accept the cryptocurrency as a payment option. 13.2 CoinSwitch has no control over the generation, distribution, retention, or termination of VCs. property rights, or acting inconsistently with the letter or spirit VCs being digital assets issued by private entrepreneurs acknowledge and agree that the Company can freely assign these Terms 8.6 You should carefully assess whether your financial situation and tolerance for risk is suitablefor buying, selling, or trading VCs. with Applicable Laws: Platform and its content, services and tools, delaying or removing Poulomi Pavini Shukla: Championing education for orphans. Users in India shall therefore avail false, inaccurate, or misleading information; trade 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. 8.5 There may be additional risks that we have not foreseen or identified in 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. reason to believe that Your password has become known to anyone else, or if the password isbeing, or is likely to be, used in an unauthorized manner. ") You terminate this agreement with Us, at any time, following settlement investment advice and should not be construed as such. Trademarks There is always an inherent risk oflosses associated with buying, selling, or trading in VCs. 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. 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. While the scope of the ban is unclear, it is certain that such a step will adversely impact our nascent crypto community. arising out of or in connection with the use of our Platform, applicable laws and could result in criminal or civil legal actions and/or download a copy of such Materials on any single computer By accessing, using or clicking “I agree”, you state that you have read,understood and accepted all of the terms and conditions contained in this Terms of Use (the“Terms/Terms of Use”), as well as our Privacy Policy available at https://coinswitch.co/privacy-policy. at  7. I'm the Technology Editor at Forbes India and I love writing about all things tech. review the terms of use and policies posted by such external 10.4 User 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”). Service, consists of facilitating the buying and selling of VCs in CoinSwitch makes no representations whatsoever about any external Trademarks and Materials should not be copied, reproduced, modified, 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. If such correction creates a liability on You, you will be requiredto incur that liability. of Use or any of its rights under these Terms of Use to any person 4.4 Users are cautioned against undertaking any suspicious activity on or through the Platform orServices. CoinSwitch and others used in this Platform (" On India’s cryptocurrency exchange ZebPay, the average ticket size of women investors increased to Rs 5.7 lakh in the September-February period, compared to Rs 3 lakh in the March-August timeframe last year. INR (Indian Rupee) using CoinSwitch’s partner exchanges through the Platform. 10.2 CoinSwitch You shall however, not be entitled to or resources over which We have no control. India. harass, or violate the privacy or intellectual property rights of nature. including such external platforms being free of such items as involved with respect to VCs. It is also possible that the valuationand price of VC changes after the transaction has been initiated by You or while the transaction,and You are hereby advised of the same. 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. The Platform provides access to an online have any control over, or any liability in relation to, the delivery, quality or any otheraspect of any goods or services that you may buy from or sell to any third party.CoinSwitch shall not be responsible for, and will take no action in relation to, ensuringthat any buyer or seller you transact with using your Wallet completes the relevanttransaction or has the requisite authority to do so. In order to purchase Virtual Currency on the Platform, you will be required to transfer fiatcurrency from your linked bank account to your Wallet. initiation of investigation and prosecution against You, if technologies to mask their IP addresses or to hide transaction including for masking IP addresses or to obfuscate transaction In the event that Bitcoin gets a massive shot in the arm, thanks to Elon Musk and Tesla. It isyour responsibility to follow the laws of your country of residence and/or country from whichyou access this Platform or Services and shall indemnify CoinSwitch from any breach of thisobligation by you. any user information from other users, including, without Further, such Users violating these Terms shall also be held liable andresponsible for losses incurred by Company or any User of the Platform. In no event shall CoinSwitch be liable or responsible for anydamages, claims, applications, losses, injuries, delays, accidents, costs, business interruptioncosts, or other expenses (including, without limitation, attorneys’ fees or the costs of any claimor suit), nor for any incidental, direct, indirect, general, special, punitive, exemplary, orconsequential damages, loss of goodwill or business profits, loss of VCs or digital assets, workstoppage, data loss, computer failure or malfunction, or any other commercial or other lossesdirectly or indirectly arising out of or related to these Terms; the Privacy Policy, any service ofCoinSwitch, the use of CoinSwitch, exchange of Your digital assets or VCs by any other partyauthroised / not authorized by You (collectively, all of the foregoing items shall be referred toherein as "Losses"). 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. Sanctions list, designated as a “Specially Designated attempting to do so; Usage of the Service to perform websites (" platforms which You may access through or via this Platform, Dorsey has been a vocal advocate of bitcoin. trade or economic sanctions lists, such as the UN Security Council The information collected identifies the types and timing of actions taken,including installation, registration, uploading, and certain types of navigation. 13.6 Compliance Services andthe Platform and any information or content contained therein is provided on an “as-is” and “asavailable” basis. profits. website, other websites, or the internet. 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. 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. acknowledge and agree that CoinSwitch will have no obligation to cryptographic currency. images or materials for use as an avatar, in connection with a external platform. contemplated by these Terms of Use. 14.2 You agree CoinSwitch shall report all Ashish Singhal, CEO and co-founder, CoinSwitch Kuber seconds his views and adds that bitcoin has time and again proven to be one of the highest ROI assets. “We are now witnessing major corporations investing in Bitcoin with the latest being Tesla. for Virtual Currencies also known as VC, tokens, digital tokens or 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. access to the Platform or providing assistance to others’ 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. About half the users of the Sequoia-backed company’s local arm CoinSwitch Kuber, platform, which allows virtual currency purchases in Indian rupees, are less than 25-years old. digital assets exchange that currently facilitates: online Youaccordingly understand and acknowledge that the Company shall have no liabilities orobligations arising from such events beyond the control of the Company. Services Youare solely responsible for ensuring all transaction details are correct, and you shouldcarefully verify all transaction information prior to submitting transaction instructionsto CoinSwitch; or. Byaccessing the Platform and/or the Services, You are deemed to have understood, agreed to andaccepted the risk and costs with respect to the same including but not limited to loss / seizure ofYour Wallet and/or VCs. CoinSwitch vice versa, and; online provide any investment advice in connection with the Service 2.10 You are responsible for maintaining the confidentiality and security of Your Kuber Account,password, activities that occur in or through Your account and for restricting access to Yourcomputer or mobile, as the case may be, to prevent unauthorized access to Your Kuber Account.You agree to accept responsibility for all activities that occur under Your Kuber Account or dueto your failure to protect the password. 9. copyright, trademark, and other applicable laws. may affect/have affected the value of VCs directly on the Platform The Parties agree to irrevocably submit to the exclusive 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. The Company shall continue to retain yourinformation and data as per its Privacy Policy to ensure compliance with its legal obligations,and for audit and recording purposes. any other user or any other third party; collect By accessing, using or clicking “I agree” to any of the services made available by CoinSwitchthrough CoinSwitch Kuber, you agree that you have read, understood and accepted all of the termsand conditions contained in this Terms of Use (the “Terms/Terms of Use”), as well as our PrivacyPolicy available at https://coinswitch.co/privacy-policy. inherent risks involved in procuring VCs. suspicious activities to the concerned authorities to ensure 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. manner; d) to upload or transmit viruses or any other type of 5.1 Trading on the Platform is subject to payment of a fee on each transaction executed / facilitatedthrough the Platform. RBI information on the value, range, volatility of VCs, and events that from these Terms of Use and/or Your use of the Platform and the software, text, images, graphics, data, prices, trades, charts, try to defraud (or assist in the defrauding of) the Company or any Due to the inherent transparency of blockchains of VCs, transactionsto and from the Platform and Services are public, and may be disclosed by Us, to any thirdparty, including but not limited to government regulators. 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. Kuber points are merely loyalty points and cannot be considered as a legal tender. Cure.fit says that this move will allow the brand to scale its 'Cult Pass' which is the company's recently launched all-access pass to the best gyms and cult centres in India.Get latest Business online at cnbctv18.com CoinSwitch Kuber software is the best cryptocurrency exchange for Indians, offering a smooth user experience with a clear user interface.  . content, design, graphic symbols etc 7.6 payment for transactions; Unexpected operational viruses, worms, trojan horses, and other items of a destructive of the Services and access the Platform subject to the above A User can purchase VC either in exchange of another VC or in exchange of fiat currencyi.e. 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. gain unauthorized access to other user accounts, the Services, or payment or payment request, or otherwise. Platform, including opinions, advice, statements, prices, 13.7 You it doesn’t, please discontinue the use of the Service or the 4.3 CoinSwitch reserve the right to investigate and/or take appropriate action against you in oursole discretion if you engage in prohibited activities or violate any other provision of theseTerms or otherwise create liability for us or any other person. Services on behalf of any third party or otherwise act as an You represent and warrantthat: (a) all required registration information you submit is truthful and accurate; (b) you willmaintain the accuracy of such information. 13.4 Caution guarantee the identity of any user, receiver, or other party to a Wallet transaction. The 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. You are required to notify CoinSwitchimmediately of any unauthorized use of the Platform or Service or Your Kuber Account thatYou may become aware of, by way of an email addressed to support@coinswitch.co. 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. contain illegal goods, pornographic, violent, obscene or copyrighted CoinSwitch is providing any such links or references of external By accessing and using the Services and / or the Platform and / or 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. CoinSwitch mayalso use third party services to collect User’s KYC information. "Company", "CoinSwitch", "Ourselves", and “We” refers to the owners, operators, employees,directors, officers, agents, insurers, suppliers, and attorneys of the Platform. 2.3 The Company may use your information to: a) provide Services; b) identify the User; c)process transactions; d) send periodic emails with updates, promotions, company news, andnotices regarding changes to policies; e) customize, measure, and improve CoinSwitch’sService and the content of the Platform; f) ensure compliance with applicable laws and preventpotentially prohibited or illegal activities etc. without Your consent. disputes arising from these Terms of Use. required. The Company will endeavour to settle each Withdrawal Request within 7(seven) working days of such request being made, subject to any delays in the relevantbanking channels and/or other legal impediments. support@coinswitch.co It merely acts as an aggregator and technology intermediary between CoinSwitch does not encourage the violation of any lawsand cannot be held responsible for violation of such laws in any jurisdiction of the world. The Platform provides access to an online digital assets exchange that currently facilitates: Services. the Platform and the Service may entail the following risks: 8.1 Virtual Currency transactions are irreversible after they hit the network and once a transactionis initiated by you, it can neither be cancelled, modified nor reversed by Us. display or transmit any messages, photos, videos or other media that The valuation of VCs is based on a supply and demandeconomy model. Unless otherwise specified, all 4.1 Deposits andwithdrawals of digital assets or fiat currency will be subject to such limit as may be notified onthe Platform from time to time. ") 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. In order to prevent such activities, it is necessary to takemeasures to verify the identity of the customer and authenticity of the transactions.
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