Acceptable Use Statement

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Valid from: 2019-06-17

Acceptable Use Statement

Thank you for choosing SpectroCoin. Your use of SpectroCoin Services is subject to this Acceptable Use Statement (hereinafter - the "Statement").
  1. General Provisions

    1. The specific types of use listed in this Statement are representative, but not exhaustive.
    2. If you are uncertain as to whether or not your use of SpectroCoin services involves a prohibited use or whether you can use SpectroCoin services for a specific activity please contact our compliance team at [email protected].
    3. If SpectroCoin determines that you have engaged in any prohibited activity, SpectroCoin may address such prohibited use through an appropriate sanction, at its sole and absolute discretion. Such sanction may include, but is not limited to, making a report to law enforcement or other authorities; confiscation of any Virtual Currency that you have in your Wallet;and terminating your access to any Services. SpectroCoin may, at its sole and absolute discretion, seize and hand over your property to law enforcement or other authorities where circumstances warrant.
  2. Prohibited Use

    1. By opening a SpectroCoin account, you confirm that you will not use SpectroCoin as an intermediary in any way, if a payment or transaction in Fiat Currency or Virtual
      1. unlawful activity, i.e. violation of any law, statute, ordinance, or regulation;
      2. abusive activity, i.e. actions that impose an unreasonable or disproportionately large load on SpectroCoin infrastructure, e.g. facilitate viruses or other computer programming routines that attempt to or may in any way damage or disrupt our Services, use any robot, spider, crawler, scraper or other automated means or interface not provided by us to access our Services or to extract data;
      3. abuse of other users, i.e. acting in a defamatory, trade libelous, threatening or harassing manner that can result in an infringement of another user's legal rights;
      4. fraud involving SpectroCoin, our users or any other third party;
      5. abuse of SpectroCoin support, compliance and other employees with whom you may come into contact, i.e. acting in a defamatory, threatening or harassing manner, as well as bribery of and abuse of personal relationship with our employees;
      6. intellectual property infringement, i.e. violation of any copyright, trademark, right of publicity or privacy or any other proprietary right under the law;
      7. other prohibited activities as defined by SpectroCoin, including but not limited to facilitating transactions to/from darknet markets.
  3. Prohibited Businesses

    1. You cannot use SpectroCoin Services in connection with any of the following businesses, activities, practices, or items:
      1. counterfeit or unauthorized goods;
      2. regulated products and services;
      3. adult content and services;
      4. drugs and drug paraphernalia, including pseudo-pharmaceuticals and substances designed to mimic illegal drugs;
      5. shell banks and shell companies;
      6. companies and institutions operating without a mandatory license;
      7. multi-level marketing;
      8. unfair, predatory or deceptive practices.
  4. Businesses Requiring Approval

    1. Businesses listed below require our express approval prior to using SpectroCoin Services:
      1. businesses related to any kind of gambling, including skill games, all kinds of betting and poker;
      2. businesses related to the promotion of any kind of investment (program, website, company, stocks, funds, bonds and derivatives, virtual currency schemes, investment schemes, etc.);
      3. businesses related to currency exchange or money transmission businesses (including virtual currency exchanges, debit/prepaid/virtual cards, gift vouchers, FOREX, etc);
      4. If you wish to get your business model approved to use SpectroCoin Services, please contact our compliance team at [email protected].
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