1. Modifications to these Terms
2. Unblock's Services and certain related terms:
2.1 Unblock is an crypto payment gateway that currently provides the following services (collectively, referred to as ‘Unblock Services’) for its users:
a) Enables its users to purchase stablecoins in fiat money through it API platform, deposited into a the user’s Unblock or non-hosted wallet;
b) Enables its users to sell stablecoins for fiat money through it API platform, for payment into the user’s bank account or card;
c) Enable users to swap/exchange their stablecoins for other crypto tokens using Defi exchange partners.
Unblock will transfer the purchased stablecoins to a designated nominated wallet as soon as funds have been settled, which in the case of a bank account or credit or debit card may take up to five business days. You can sell stablecoins and instruct Unblock to deposit funds into your verified bank account or, where supported, a nominated wallet. If we cannot complete your transaction for any reason (such as price movement, market latency or order size), we reserve the right to reject the transaction and notify you of such rejection. You may be charged a processing fee for a rejected transaction so that we are able to refund you.
During a stablecoin sale order you must transfer the stablecoin to the assigned wallet(s) within the time limit set by Unblock during the order process. If you send the stablecoin to a wrong or incomplete address then it might not be possible for Unblock to retrieve the stablecoin and Unblock shall not be responsible or liable in those circumstances.
2.2 For the avoidance of doubt:
a) Unblock only enables its users to buy and sell stablecoins. It does not hold or invest any client fiat money;
b) Unblock will receive your fiat currency payment as payee in case you are buying stablecoins from us and we will be sending fiat currency to you as payer in case you are selling stablecoins to us, but we are not a payment services provider.
c) Unblock is neither the creator nor the administrator of any crypto tokens;
d) You understand that a change in your country of residence may impact your eligibility to access and avail Unblock services, and hereby agree to notify us in advance of any change in your country of residence.
3.1 Basic access to the Unblock application is accessible to everyone. However, to use the feature of the Unblock application and avail Unblock Services, you must complete the registration process by verifying your email address. Once registered, a Unblock Account will be created for you to access your application and other resources.
3.2 You represent and warrant that you (a) are at least 18 years old and competent to form a binding contract in the country in which you are a resident, (b) are an individual with full legal capacity and authority to enter into these Terms, and (c) have not previously been suspended or removed from using Unblock Services (together, the “Eligibility Criteria”). If You do not meet the Eligibility Criteria, You shall not register on or avail Unblock Services.
3.3 You agree that the registration information you provide is accurate, complete and current. You further agree to promptly update that information to keep it accurate, complete, and current.
3.4 By accessing and availing the Unblock Services and / or any part thereof, you represent and warrant that you are not on any trade or economic sanctions lists, such as the UN Security Council Sanctions list, designated as a “Specially Designated National” by OFAC (Office of Foreign Assets Control of the U.S. Treasury Department) or placed on the U.S. Commerce Department’s “Denied Persons List” or a resident of Cuba, Iran, North Korea, Crimea, Sudan, Syria. In the event that you are not permitted to trade on the Platform by applicable law, please discontinue the use of the Service or the Platform immediately.
3.5 If you register on behalf of a business entity or other organization, you represent and warrant that you have the authority to provide the information required and to bind the organization to the Terms. You acknowledge and agree that Unblock , in its sole discretion, may suspend or discontinue your, and refuse any and all current and future, access to or use of your Unblock Account at any time without notice to you.
4. Electronic Communication
4.1 You agree that all terms and conditions, agreements, notices, disclosures and other communications that we provide to you electronically satisfy any legal requirement such communications would satisfy if they were provided in writing. Unblock will use reasonable efforts to honour any request you may have to opt out from receiving certain e-mails. With respect to these Terms, you waive any rights to require an original (non-electronic) signature or delivery or retention of non-electronic records, to the extent such waiver is not prohibited under applicable law.
5.1 Unblock Services are unregulated.
In the event that laws (including by way of a judicial or executive order) were to change and render our Services to be invalid or illegal in your country, then these Terms shall stand automatically terminated with effect for you from the date of such invalidity/illegality without further notice or recourse available to You. You represent and declare that you have full knowledge and disclosure of the current regulatory status with respect to the Unblock Services in your country and the risks involved. By accessing Unblock and/or availing the Unblock Services, You are deemed to have understood, agreed to and accepted the risks, losses, and costs with respect to the same including but not limited to total / complete loss/seizure of Your crypto coins that are in the custody of Unblock .
6. Identity Verification
6.1 We are required by law to carry out all necessary security and customer due diligence checks on you (including any parties involved in your transaction for example, your recipient) in order to provide any Services to you. You agree to comply with any request from us for further information and provide such information in a format acceptable to us. In addition, you agree that we may make, directly or through any third party, any inquiries we consider necessary to validate the information you provided to us, including checking commercial databases or credit reports. You authorize us to obtain one or more of your credit reports, from time to time, to establish, update, or renew your account with us or in the event of a dispute relating to this Agreement and activity under your account.
7.1 You may be presented with one or more methods of payment to pay us for a purchase or sale of cryptocurrency, for example, bank transfer, credit cards or debit cards (in this Agreement, we will call these methods "Payment Methods"). The number of Payment Methods made available to you will depend on a number of factors including where you live and your verification status with us. Payment Methods are not part of our Services, they are services provided by third parties for example, the card provider which issued you with your credit/debit card. We cannot guarantee the use of any particular Payment Method and may change or stop offering a Payment Method at any time without notice to you.
7.2 Any payment instrument (for example, the credit card or debit card) you use to pay for a purchase with your chosen Payment Method must be in your name. In the case of stablecoin sale, you are responsible for ensuring the accuracy of the payment details that you provide to us. You must ensure that the wallet, bank account or card used is owned by and in your name. Once Unblock has made payment of the fiat currency to your nominated bank account, the payment cannot be refunded and Unblock shall not be liable for any mistakes or errors on your part.
7.3 If you have selected a Payment Method which gives you chargeback rights (for example in relation to your credit card, you may ask your card provider to reverse a transaction on your card), you agree that you will only exercise this chargeback right if:(a) we have breached this Agreement; or(b) there was an unauthorised use of your payment instrument.If we need to investigate or take any actions in connection with a chargeback raised by you, we may charge you for our costs in doing so.
7.4 Unblock uses multiple sources for calculating fiat and crypto currency exchange rates. We will always be transparent about any fees you will pay.
7.5 You are responsible for any taxes which may be applicable to payments you make or receive, and it is your responsibility to collect, report and pay the correct tax to the appropriate tax authority.
8. Account Security and Password
8.1 You are responsible for maintaining the confidentiality and security of Your Unblock Account, password, activities that occur in or through Your account and for restricting access to Your computer or electronic device (including a mobile device), as the case may be, and at all times, to prevent unauthorized access to / misuse of Your Unblock Account. You agree to accept responsibility for all activities that occur under Your Unblock Account or due to Your failure to protect the credentials/password or Your device. You should take all necessary steps to ensure that the password is kept confidential and secure and should inform us immediately if You have any reason to believe that Your password has become known to anyone else, or if the password is being, or is likely to be, used in an unauthorized manner. Without accepting any liability, We may at our sole discretion use reasonable endeavours to reset Your Unblock Account within a reasonable time.
8.2 Unblock disclaims all liability, and you acknowledge and agree that we will not be liable, for or in connection with any harm or damages to you or to any party resulting from the theft or unauthorized use of your user ID or password.
8.3 You understand that Data transmitted via Unblock may use a Secure Sockets Layer (SSL) protocol, and data may be encrypted on some pages of Unblock . To the extent such technology is utilized on a given page, you may be unable to use certain account or customization features of Unblock unless your web browser software supports such encryption. Please note that no technology can be considered completely secure or impenetrable and internet protocols and other public and/or proprietary technology used or accessed by Unblock may be vulnerable to exploitation or compromise by persons engaged in hacking or criminal conduct. Subject to applicable law, Unblock shall have no liability to you for any such exploitation or criminal conduct by third parties.
8.4 As part of our legal compliance program (“AML Program”), we will monitor your Unblock Account and your use of Unblock , and review your personal information on an ongoing basis, as may be required by law or pursuant to our internal policies and procedures. At any time, we may require you to provide us with additional personal information as a condition to your continued access to and use of your Unblock Account and Unblock . During such time, your access to and use of your Unblock Account and availing Unblock Services may be temporarily restricted.
9. Potentially Fraudulent Activity
9.1 Any actual or suspected unauthorized access or unauthorized activity will be treated by us as potentially fraudulent (“Potentially Fraudulent Activity”). You agree to notify us immediately if you become aware of or suspect any Potentially Fraudulent Activity by submitting a support ticket to support@Unblock .fund. For the avoidance of doubt, you are deemed to be aware of Potentially Fraudulent Activity upon receipt of any notice of the occurrence of such activity. Upon receipt of written notice from you of any Potentially Fraudulent Activity, we will take reasonable steps to protect your Unblock Account, including, for example, by temporarily restricting access to your Unblock Account, and suspending any pending transactions, or requiring you to change your login credentials. You agree to promptly report any Potentially Fraudulent Activity to legal authorities if required by applicable law, and to provide us with a copy of any report prepared by such legal authorities. In the event of a legal investigation of any Potentially Fraudulent Activity, you further agree to (i) cooperate fully with the legal authorities and Unblock in such investigation; (ii) complete any required affidavits promptly, accurately and thoroughly; and (iii) allow Unblock , or any third-party designated by us, access to your mobile device, computer, and network as may be relevant to such investigation. Failure to cooperate in any such investigation may cause delays in regaining access to your Unblock Account and any funds held within.
10. Acceptable Use of Unblock
10.1 Accessing the information, resources, services, products and tools of Unblock by any other means than we provide is strictly prohibited. You specifically agree not to access or tamper with Unblock , for any purpose, through any automated, unethical or unconventional means, including accessing or collecting personally identifiable information or account information (including user names, passwords, e-mail addresses or other personal, financial or contact information) with respect to Unblock users, borrowers, investors, lenders or employees.
10.2 You may not violate, interfere with, impair or circumvent the ordinary operation, security, privacy or mission of Unblock or Unblock Services, including overburdening, spamming, engaging in a denial of service attack or similar activities (or attempt to do any of the above).
10.3 You will not transmit to Unblock or make available on or upload any information on Unblock that: (i) is commercial or promotional in nature; (ii) is unlawful, harmful, deceptive, or otherwise violates the legal rights or privacy of others; (iii) is capable of giving rise to legal action whether against you or Unblock or any affiliate third party; (iv) infringes any patent, trademark, trade secret, copyright, or other property rights of any party; (v) impersonates any person or entity (including Unblock or its employees and representatives); or (iv) contains viruses, malware or any program, code or technology designed to disrupt, intercept, impair or destroy the functionality of Unblock or its software, data or network.
10.4 Unblock reserves the right to edit, restrict or remove any content you provide for any reason at any time. In addition, Unblock does not control any information provided by other users that may be made available on or through Unblock . Notwithstanding Unblock ’s rights under the Terms, Unblock does not undertake, and shall not be obligated, to monitor the submission of any content to, or the publication of any content on, Unblock at any time. Unblock reserves the right to refuse service, terminate relationships, and cancel orders or transactions at its discretion.
10.5 By submitting information, feedback or other material to Unblock , including on or through Unblock or your Unblock Account, you: (i) acknowledge that such information is non confidential, except for any personal and financial information; (ii) grant Unblock a perpetual, worldwide, royalty-free, irrevocable, transferable, sublicensable, fully paid-up right to copy, use, reproduce, modify, adapt, publish, create derivative works from, translate, transmit, display, distribute, market, promote, sell or offer for sale, rent or lease such information or materials in any form or medium known or later developed; and (iii) agree that you will have no claim against for any actual or alleged infringement of any proprietary rights, rights of privacy or publicity, moral rights or rights of attribution in connection with our use of any content you provide.
11. Supported Digital Assets
11.1 A list of digital assets that Unblock currently supports is available via the Unblock website. Unblock may discontinue support for a digital asset at any time and for any reason at our sole discretion, including due to changes in a given digital asset’s characteristics or due to a change in the digital asset’s regulatory classification.
11.2 YOU WILL NOT BE ABLE TO RETRIEVE ANY UNSUPPORTED DIGITAL ASSET WHICH YOU ATTEMPT TO TRANSFER TO Unblock OR ANY OTHER ASSET WHICH YOU ATTEMPT TO TRANSFER TO AN UNSUPPORTED WALLET OR USING AN UNSUPPORTED NETWORK. Unblock ASSUMES NO LIABILITY, OBLIGATION, OR RESPONSIBILITY WHATSOEVER WITH RESPECT TO ANY UNSUPPORTED DIGITAL ASSET, OR ANY ASSETS TRANSFERRED TO AN UNSUPPORTED WALLET OR USING AN UNSUPPORTED NETWORK.
14.1 Unblock , at its discretion, shall charge a service fee for providing Unblock Services. The quantum of fees charged and the frequency shall be intimated to You from time to time on Unblock . Unblock , reserves the right to provide discounts on its services from time to time at its own discretion.
15. Unblock ’s Intellectual Property
15.1 All rights, title, and interest in and to Unblock and the Content (defined below) and all intellectual property contained therein or relating thereto, including any copyright, patent or trademark, are and will remain the exclusive property of Unblock or its licensors, as applicable. The “Content” includes all contents of Unblock , including any logos, identifying marks, images, illustrations, designs, icons, photographs, videos, text and other written and multimedia materials, and all of Unblock ’s loan information (including rate information) and requirements, products, services, advertising materials or collateral, log-in or registration criteria and instructions, help guidelines, user documentation and customer and technical support documents, and Unblock ’s likeness, look and feel, format, layout, software, code (whether binary, assembly, source, object, HTML or otherwise), routines, scripts, software, platforms and applications, as well as any data, files, archives, folders or downloads available on Unblock .
15.2 Subject to the terms and conditions of the Terms, we grant you a limited, non-transferable, non-sublicensable, non-exclusive, revocable license to use Unblock and the Content for personal use until such time as the Terms terminate or expire or your right to use or access Unblock is terminated in accordance with the Terms.
15.3 Except as explicitly permitted by these Terms, you may not, and you may not allow others to, sell, copy, modify, correct, enhance, create derivative works from, publish, store or in any way distribute or otherwise exploit, including for any purpose competitive to Unblock , any Content. You may not, and you may not allow others to (i) decompile, reverse engineer, convert or otherwise extract or disclose the underlying script, code (whether binary, assembly, source, object, HTML or otherwise) or structure of any Content, or (ii) remove or alter authorship attribution or copyright notices or similar information on Unblock or any products or materials embodying or containing any Content.
15.4 Any violation of the provisions of the Terms regarding Unblock ’s Intellectual Property may subject you to compensatory and punitive damages, and shall specifically also entitle Unblock to equitable relief (including an injunction), in addition to (and not in substitution or replacement for) any other available remedies at law or in equity, without the need for the posting of a bond or any other requirement.
16. No Solicitation or Offering; No Advice
16.1 Except as otherwise expressly noted, the Content does not constitute an offer to buy or sell or a solicitation of an offer to buy or sell investments, loans, securities, partnership interests, commodities or any other financial instruments; the Content also does not constitute, and may not be used for or in connection with, an offer or solicitation by anyone in any state or jurisdiction in which such an offer or solicitation is not authorized or permitted, or to any person to whom it is unlawful to make such offer or solicitation.
16.2 The past performance of any investment, loan, security, partnership interest, commodity or financial instrument is not a guide to future performance. WITHOUT LIMITING ANYTHING IN THE TERMS, Unblock MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO ANY FUND, ANY INVESTMENTS, SECURITIES, PARTNERSHIP INTERESTS, LOANS OR THE PERFORMANCE THEREOF.
16.3 While Unblock may make certain informational Content available to its users, Unblock does not under any circumstance provide legal, tax, investment, financial, estate planning, accounting, or any other advice. 16.4 Unblock may use automated systems in conjunction with: the receipt and handling of transactions on Unblock . The use of Automated Systems entails risks, including but not limited to interruption of service, systems of communications failures, delays in service, cyberattacks, and errors in the design or functionality of such Automated Systems that could cause damage, and expense, or liability to the user. Unblock makes no representations or warranty of any kind, express or implied, with respect to the selection, design, security, functionality, or operation of such Automated Systems. Unblock expressly disclaims any representation that any Automated System will operate uninterrupted or be error-free. 16.5 Cryptocurrencies are speculative investments and involve a substantial degree of personal risk for those who hold them. The value of a Cryptocurrency can quickly increase or decrease at any time, and it may even fall to zero. This means there is the risk of complete loss of capital with no legal recourse. There can be no assurance that any Cryptocurrency, or other digital asset is or will be viable, liquid, or solvent.You agree and accept the risks associated with purchasing and holding Cryptocurrencies, including any risks associated with fluctuations in the relevant exchange rates over time. You agree that you will not use our Services for speculative trading.
17. Forward-Looking Statements
17.1 Certain Content on Unblock may constitute forward-looking statements that involve known and unknown risks, uncertainties and other factors that may cause actual returns of funds, investments, securities or loans to be materially different from any future returns or values expressed or implied by such forward-looking statements. Forward-looking statements typically include words such as may, will, expect, believe, plan, expect, anticipate, intend and other similar terminology. These statements reflect current expectations regarding future events and speak only as of the date of being posted on Unblock . Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or returns, and will not necessarily be accurate indications of whether or not such returns will be achieved. Forward-looking statements should not be interpreted as advice and are in no way a form of solicitation, offering, or advice for Unblock ’s loan product. The purpose of these forward-looking statements is merely to further explain our products and services and for marketing purposes and should be interpreted as purely speculative.
18. Third-Party Websites and Content
18.1 Unblock may contain links or connections to third-party websites. Any such link or connection is provided only as a convenience and should be used at your own risk. Unblock has no control over any such other websites, the contents thereof, or the products, services or policies represented. The existence of any link or other connection does not imply any affiliation, sponsorship, endorsement, approval, investigation, representation, warranty, verification or monitoring by Unblock or create any liability on the part of Unblock in respect of such link or connection. Your use of any such third-party websites is governed by the privacy policies of those sites, which we encourage you to review before using such sites.
18.2 Unblock will have no responsibility for any liabilities arising from or related to the contents of any third-party website or the use of any such website (including any mobile website) or the privacy policies and customer information practices of any such website.
19. Termination; Survival of Provisions
19.1 If you are not in full compliance with all of these Terms, the permissions granted to you under these Terms will automatically terminate, and in such circumstances, you will no longer use or access or be entitled to use or access, Unblock or Your Unblock Account
19.2 Unblock may terminate your right to use Unblock , or block you from future use, at any time in its sole discretion, with or without cause, and without notice to you. Some circumstances in which Unblock may exercise this right to terminate your right to use Unblock include, but are not limited to: (i) you have breached any provision of these Terms; (ii) you have engaged in conduct which Unblock , in its sole discretion, considers being unacceptable; (iii) Unblock is required by law to do so; or (iv) Unblock no longer provides the Unblock Services. The above are only examples of circumstances in which Unblock may terminate your right to use Unblock , Unblock may also choose to terminate your right to avail Unblock Services for any other reason at its sole discretion. We will not be liable to you due to or by reason of our termination of your right to use Unblock or the automatic termination of your right to use Unblock for the non compliance set forth above.
19.3 Any ongoing obligations on you, and the provisions relating to (i) Unblock ’s Intellectual Property; (ii) No Solicitation or Offering; (iii) Unblock ’s Remedies; (iv) Indemnification; (v) Limitation of Liability; (vi) General, and (vii) any other provisions designed to survive, will survive any termination or expiration of the Terms for any reason.
20. Unblock ’s Remedies
20.1 Without prejudice to Unblock ’s other rights under these Terms, if you breach the Terms in any way, Unblock may take such action as Unblock deems appropriate to deal with the breach, including suspending your access to Unblock , prohibiting you from accessing the Unblock , blocking computers using your IP address from accessing Unblock , contacting, to the extent permitted under applicable law, your internet service or other telecommunications provider to request that it block your access to Unblock and bringing court proceedings or taking other legal action against you. If you violate these Terms, Unblock will be entitled, at any time, to bring an action or proceeding for specific performance, injunctive relief or other equitable relief in addition to (and not to the exclusion of or in substitution for) any other remedies at law or in equity.
22. Limitation of Liability
22.1 Unblock and its affiliates, agents, officers, and employees will not be liable to you under any theory of liability—whether based on contract, tort, negligence, strict liability, warranty, or otherwise—for any indirect, consequential, exemplary, incidental, punitive or special damages or lost profits, even if Unblock has been advised of the possibility of such damages.
22.2 The total liability of Unblock for any claim arising out of or relating to these Terms or our Services, regardless of the form of the action, is limited to the amount paid, if any, by you to access or use Unblock .
23. Fair Practices
23.1 You agree not to: (i) make any representations, warranties or guarantees on Unblock ’s behalf; (ii) make any false or misleading representations with regard to Unblock or Unblock Services; or (iii) participate or engage in any illegal, deceptive, misleading, fraudulent, unethical or improper practices on, through, by means of or with respect to Unblock or Unblock Services.
You acknowledge and agree that you may not assign, delegate, sub-contract or otherwise transfer your rights or obligations under the Terms. Unblock may transfer, assign, delegate, sub-contract or otherwise transfer its rights and obligations under the Terms without notifying you or obtaining your consent.
25. Choice of Law; Forum for Disputes
25.1 The Terms and all disputes, claims or controversies (whether in tort, contract or otherwise) arising out of or relating in any way to these Terms, or Unblock Services or the Content, the negotiation, interpretation, validity or performance of the Terms, the rights and obligations of you and us hereunder or any transaction contemplated by Unblock shall be governed by and construed in accordance with the laws of Lithuania without regard to the rules or principles of conflict of laws of such State or any other jurisdiction that would permit or require the application of the laws of any other jurisdiction. We and you each hereby irrevocably and unconditionally consent to submit to the sole and exclusive jurisdiction of the courts of Lithunania for any litigation, lawsuit or proceeding between you and us arising out of or relating in any way to the Terms (including any non-contractual claims), Unblock or the Content, the negotiation, interpretation, validity or performance of the Terms, the rights and obligations of you and us hereunder or any transaction contemplated by Unblock .
25.2 You and we each waive any objection to the laying of venue of any such litigation in Lithuania and agree not to plead or claim in any Court that such litigation brought therein has been brought in an inconvenient forum or that there are indispensable parties to such litigation that are not subject to the jurisdiction of the Lithuania Courts. You and we each hereby irrevocably waive any and all rights which you or we, respectively, may have, or may have had, to bring such litigation in or before any other court or tribunal (whether domestic or foreign), or before any similar domestic or foreign authority or body, and agree not to claim or plead any such rights.
26. WAIVER OF JURY TRIAL
26.1 WE AND YOU EACH HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHT WE OR YOU, RESPECTIVELY, MAY HAVE TO A JURY TRIAL IN RESPECT OF ANY LEGAL ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THESE TERMS OF SERVICE AND ANY COUNTERCLAIM THEREIN. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT SUCH PARTY HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER AND MAKES THIS WAIVER VOLUNTARILY.
27. Class Action Waiver
27.1 YOU AND WE AGREE THAT THERE WILL BE NO RIGHT OR AUTHORITY FOR ANY DISPUTE TO BE BROUGHT, HEARD, OR ARBITRATED AS A CLASS ACTION (INCLUDING WITHOUT LIMITATION OPT-OUT CLASS ACTIONS OR OPT-IN COLLECTIVE CLASS ACTIONS), OR IN A REPRESENTATIVE OR PRIVATE ATTORNEY GENERAL CAPACITY ON BEHALF OF A CLASS OF PERSONS OR THE GENERAL PUBLIC.
ALL DISPUTES SHALL BE RESOLVED ON AN INDIVIDUAL BASIS ONLY.
28. Questions or Comments; Our Contact Information
28.1 If there are any questions regarding our Terms of Service, you may contact us using the following information: Submit a support ticket to firstname.lastname@example.org
Terms Last Modified: 30th September, 2022