Disclaimer

This disclaimer should be read together with the platform's service agreement. In short, we hope that you will understand the important compliance issues and liability clauses when you trade on our platform.

1. Purpose

In order to maintain a sound and compliant digital asset trading platform, we have established and implemented a series of anti-money laundering, anti-terrorist financing and trade and economic sanctions programs, and made relevant liability clauses. We are committed to promoting legal and transparent business activities and maintaining a good reputation among users, regulators and the digital asset industry.

2. Regulatory environment

We understand that regulators have adopted a variety of approaches to the regulation and regulation of digital assets, including defining or classifying digital assets as virtual financial assets (Malta), convertible virtual currencies (US FinCEN) or virtual commodities (Hong Kong). As a trading platform, we believe that all digital assets offered on the platform belong to innovative alternative asset classes, and therefore, digital assets should not be called money or currency.

3. Disclosure

Digital assets are not money or legal tender. Digital assets such as Bitcoin and Litecoin are not backed by any government or central bank. At different times we may have some insights into the regulatory approaches taken by various government agencies; however, we will always fully comply with the rules and regulations of the countries where we operate. At the same time, we regularly discuss with regulators and peers the best way to regulate digital asset businesses.
We cooperate with government departments and comply with applicable regulations. As a good corporate citizen, law enforcement agencies may ask us for information, and we will provide assistance if the law allows law enforcement investigations to track down and prevent illegal activities. This also means that our platform is only for law-abiding customers. We hope to provide services to you, and at the same time, we also hope that you will act legally and legally on our platform.
In addition, Sunbit Exchange complies with all laws of all countries or regions regarding blockchain encrypted digital assets. Our services are not open to residents of the following countries or regions: Afghanistan, Burundi, Belarus, Central African Republic, Congo, Mainland China, Hong Kong SAR, Macao SAR, Singapore, Malaysia, Ethiopia, Guinea, Guinea-Bissau, Iraq, Iran, Democratic People's Republic of Korea, Lebanon, Sri Lanka, Libya, Serbia, Sudan, Somalia, South Sudan, Syrian Arab Republic, Thailand, Tunisia, Trinidad and Tobago, Ukraine, Uganda, United States, Venezuela, Yemen, Zimbabwe, Cuba, United States (including all US territories such as Puerto Rico, American Samoa, Guam). This list of excluded countries or regions is subject to change and may vary from service to service.

4. Our Anti-Money Laundering/Counter-Terrorist Financing Program

Through a multi-level risk-based control system, we have designed our anti-money laundering and counter-terrorist financing program to reasonably prevent money laundering and terrorist financing.
The first tier of the program includes a rigorous user identification process, including verifying the identity of individual and corporate users. In addition to obtaining identification documents, we also obtain information about the beneficial owners/natural persons of non-natural person users, which is in line with international standards, such as the requirements of the Financial Action Task Force (FATF).
The second tier includes risk-based system controls to ensure that additional customer due diligence is performed. To achieve this, we screen users (including beneficial owners) against the lists of institutions/individuals published in the Hong Kong SAR Government Gazette, the "US Office of Foreign Assets Control (OFAC) Sanctions List" and the "United Nations Security Council Sanctions List" and other sanctions lists. We may also screen against other lists at our discretion to protect our reputation and customers.
The third tier includes continuous monitoring of suspicious activities. If we suspect or have reason to suspect suspicious transaction activities, we will submit suspicious transaction activity reports to local regulators at our discretion. Generally, suspicious transactions are inconsistent with the customer's known legitimate business or personal daily transaction activities.

5. Risks

Digital asset transactions are considered to be high risk. Digital assets are not backed by any government or central bank. The risks of trading or holding digital assets can be significant. You should carefully consider whether interacting, holding or trading digital assets is appropriate for you in light of your financial situation.

6. Liability

6.1 Disclaimer of Warranties

To the maximum extent permitted by applicable law, the Service, Eggbit Exchange Materials and any products, services or other items provided by or on behalf of Eggbit Exchange are provided on an "as is" and "as available" basis.

Eggbit Exchange expressly disclaims, and you disclaim, all other warranties of any kind, whether express or implied, including, without limitation, warranties of merchantability, fitness for a particular purpose, title or non-infringement or arising from course of performance, course of dealing or usage of trade.

Without limiting the foregoing, Eggbit Exchange makes no representations or warranties as to the accuracy, completeness, reliability, validity, lack of errors or absence of viruses or other harmful components of the Website, Service or Eggbit Exchange Materials. Eggbit Exchange does not guarantee that any order will be executed, accepted, recorded or remain outstanding. Except as expressly stated in this Agreement, you hereby acknowledge and agree that you have not relied on any other written or oral representation or agreement in connection with your use and access to the Service.
Without limiting the foregoing, you hereby understand and agree that Eggbit Exchange shall not be liable for any loss or damage arising from or related to the following:
(A) inaccuracies, defects or omissions in the price data of the investment target;
(B) any errors or delays in the transmission of such data;
(C) interruptions in such data,
(D) any damages caused by the actions, omissions or violations of this Agreement by other users.

6.2 Disclaimer of Damages and Limitation of Liability

To the maximum extent permitted by applicable law, Eggbit Exchange, its affiliates, and their respective shareholders, members, directors, officers, employees, attorneys, agents, representatives, suppliers or contractors shall in no event be liable for any incidental, indirect, special, punitive, consequential or similar damages or liabilities (including, without limitation, loss of data, information, revenue, profits or other business or financial benefit) arising out of the Service, any performance or non-performance of the Service, or other products, services or other items provided by or on behalf of Eggbit Exchange and its affiliates, whether under contract, statute, strict liability or other theory, even if Eggbit Exchange has been advised of the possibility of damages, unless there is a final judicial determination that such damages were caused by Eggbit Exchange's gross negligence, fraud, willful misconduct or willful violation of law. Some jurisdictions do not allow the exclusion or limitation of incidental or consequential damages, so the above limitation may not apply to you.

Notwithstanding the foregoing, in no event shall the liability of Eggbit Exchange, its affiliates and their respective shareholders, members, directors, officers, employees, attorneys, agents, representatives, suppliers or contractors arising out of or in connection with the services, any performance or non-performance of the services, or any other products, services or other items provided by or on behalf of Eggbit Exchange or its affiliates, whether under contract, statute, strict liability or other theory, exceed the amount of fees paid by you to Eggbit Exchange under this Agreement immediately prior to the event giving rise to the claim for liability.