Cryptocurrency Terms and Conditions

CRYPTOCURRENCY ADVERTISING TERMS AND CONDITIONS

Notwithstanding anything contained in the applicable X Master Services Agreement(the “MSA”) located at: https://legal.x.com/ads-terms.html, Customer’s participation in the Program is subject at all times to its acceptance of and compliance with the MSA and these additional Cryptocurrency Advertising Terms and Conditions (the “Crypto Terms”). A defined term used in these Crypto Terms, which is not defined herein, shall have the same meaning set forth in the MSA. “Crypto Advertisements” mean any advertisements for cryptocurrency activities, products and services submitted to the Program by Customer pursuant to these Crypto Terms. As used herein, “Applicable Laws” mean all laws, regulations, and relevant codes of practice that apply to Customer’s Crypto Advertisements as displayed in any country, state, province, city and/or territory (the "Territory") to which Customer directs its advertisements.

1. Customer further warrants, represents, and undertakes that:

(a) all Crypto Advertisements will comply with all Applicable Laws, including, without limitation, any reporting obligations and subsequently-enacted regulation;

(b) all Crypto Advertisements (including but not limited to any content within the advertisement as statements, links, images, other forms of media, etc.) will comply with the terms of all the applicable license(s), registration(s), or other authorization(s), including but not limited to any license or authorization to provide financial services (the "License") which Customer is subject to (and will send a copy of such License to X if required), as applicable;

(c) when relying on a third-party license (the "Third-Party License"), Customer can legally do so in the Territory according to Applicable Laws and shall indemnify and hold harmless X Indemnified Persons, as defined below, from any claims and liabilities arising in connection with such Third-Party License;

(d) no Crypto Advertisement will refer or imply that Customer performs an activity or business which the Customer is not authorized to perform in the Territory in accordance to the Applicable Laws; and

(e) all Crypto Advertisements will be accompanied by all required disclaimers under the Applicable Laws of the Territory to which they are being targeted.

2. If Customer runs any Crypto Advertisements targeted to a determined Territory and does not hold a License for operating in such Territory, Customer further represents and warrants that Customer is not required by any Applicable Laws to hold

a License to operate and advertise in such Territory.

3. Customer must inform X immediately if Customer becomes the subject of any investigation or ruling by any applicable legal or regulatory authority, or any industry regulatory body, that may be relevant to the Crypto Advertisements.

4. Customer shall indemnify and defend X, its agents, affiliates, licensors, directors, officers, employees and partners ("X Indemnified Persons") from and against any claims, losses, liabilities, expenses, damages and settlement amounts (including legal fees and costs) incurred by any X Indemnified Person(s):

(a) arising out of Customer’s or Customer’s agent’s breach of these Crypto Terms;

(b) in connection to any infringement of prohibitions regarding content or the advertisement of certain goods or services by the Customer; or;

(c) in connection with any regulatory obligation, including obligations around any applicable license and around the content of the Crypto Advertisement. X reserves its right to recourse for all damages it may suffer due to all direct and indirect consequences of administrative fines, sanctions or requests directed at X, without being obligated to file any judicial proceedings against the Customer.

5. Customer acknowledges and understands that X reserves the right to remove any Crypto Advertisement from the X

Service upon a formal request from a competent authority, with no obligation whatsoever for X to compensate nor return funds to Customer due to such removal.

6. No binding agreement may be entered into until such time as X notifies Customer that its application has been accepted.

X reserves the right to terminate the Crypto Advertisements at any time in accordance with its rights set out in the MSA, or if it otherwise decides to no longer include cryptocurrency advertisements as part of the Program.

I HAVE READ AND ACCEPT THE CRYPTOCURRENCY ADVERTISING TERMS AND CONDITIONS. I AM DULY AUTHORIZED TO ACCEPT THESE CRYPTOCURRENCY ADVERTISING TERMS AND CONDITIONS ON BEHALF OF CUSTOMER.

ADVERTISER ATTESTATION (CRYPTOCURRENCY EXCHANGE PLAYFORMS, CRYPTOCURRENCY HOT WALLETS)

1. We are in compliance with all the extant regulations applicable to the company in the nature of financial, securities, payments regulations such as the Foreign Exchange Management Act, 1999 (FEMA), Payment and Settlement Systems Act, 2007 among others, if and when applicable. 

2. We have in place proper KYC/AML procedures in line with existing guidelines applicable to RBI regulated entities.

3. We are aware that Crypto advertising must conform with the ASCI guidelines for Virtual Digital Assets

4. We do not list securities/unlicensed financial products on our exchange. The ads do not promise users ‘returns,’ ‘profits,’ or ‘gains’ in return for using the company’s product/service. The ads have disclaimers suitably informing consumers regarding risks of investing in cryptocurrencies and using the exchange. [Applicable for Crypto exchange platforms]

 

ADVERTISER ATTESTATION 

  • We confirm that all advertising materials, including the contents and form of advertising materials, have been approved by the Commodity Futures Trading Regulatory Agency (Bappebti) through Bappebti's online licensing platform, and such approval from Bappebti shall be provided to X by contacting X prior to the publication of such advertising materials on X.

 

  • We acknowledge, understand and agree that we will not:

  • (i) promote cryptocurrency products or services unless they are authorized by Bappebti; 
  • (ii) conduct any promotion of securities; and
  • (iii) promote any peer to peer lending unless such peer to peer lending is authorised by Otoritas Jasa Keuangan (OJK).

ADVERTISER ATTESTATION

1. All Crypto Advertisements will comply with all Applicable Laws, including, without limitation, any reporting obligations and subsequently-enacted regulations

2. We have in place proper KYC/AML procedures in line with existing regulatory guidelines and FATF standards

3. We do not list securities/unlicensed financial products on our exchange.

4. The ads do not promise users ‘returns,’ ‘profits,’ or ‘gains’ in return for using the company’s product/service.

5. That the ads have disclaimers suitably informing consumers regarding risks of investing in cryptocurrencies and using the exchange.

 

ADVERTISER ATTESTATION

We confirm that the company is not operating as a Financial Technology Institution, Multiple Banking Institution or Development Banking Institution.

ADVERTISER ATTESTATION

1. All Crypto Advertisements will comply with all Applicable Laws, including, without limitation, any reporting obligations and subsequently-enacted regulations

2. We have in place proper KYC/AML procedures in line with existing regulatory guidelines and FATF standards

3. We do not list securities/unlicensed financial products on our exchange.

4. The ads do not promise users ‘returns,’ ‘profits,’ or ‘gains’ in return for using the company’s product/service.

5. That the ads have disclaimers suitably informing consumers regarding risks of investing in cryptocurrencies and using the exchange.

 

ADVERTISER ATTESTATION

1. All Crypto Advertisements will comply with all Applicable Laws, including, without limitation, any reporting obligations and subsequently-enacted regulations

2. We have in place proper KYC/AML procedures in line with existing regulatory guidelines and FATF standards

3. We do not list securities/unlicensed financial products on our exchange.

4. The ads do not promise users ‘returns,’ ‘profits,’ or ‘gains’ in return for using the company’s product/service.

5. That the ads have disclaimers suitably informing consumers regarding risks of investing in cryptocurrencies and using the exchange.

 

ADVERTISER ATTESTATION

Without prejudice to any other terms and conditions as may have been agreed by us, we confirm that we and all our advertising materials are in compliance with all laws, regulations, decrees and directives applicable to us and/or as the case may be, our advertising materials, including, without limitation, the Decree No. 101/2012/ND-CP (as amended) and Directive No. 10/CT-TTg of the Prime Minister dated 11 April 2018.