SpectroCoin Loans Acceptable Use Statement
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Valid from: 2020-10-07
Acceptable Use Statement
Thank you for choosing SpectroCoin Loans. Your use of SpectroCoin Loans Services is subject to this Acceptable Use Statement (hereinafter - the "Statement").-
Interpretation and Definitions
- The specific types of use listed in this Statement are representative, but not exhaustive.
- Definitions that are not individually specified in the Statement are understood as indicated in the General Terms and Conditions.
- If you are uncertain as to whether or not your use of our Services involves a prohibited use or whether you can use our Services please contact our compliance team at [email protected].
- If we determine that you have engaged in any prohibited activity, we may address such prohibited use through an appropriate sanction, at our sole and absolute discretion. Such sanctions may include but are 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 our Services. We may, at our sole and absolute discretion, seize and hand over your property to law enforcement or other authorities where circumstances warrant.
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Prohibited use
- SpectroCoin Loans explicitly cannot be used for consumer needs and activities. By accepting this Statement you confirm that in case you are interested in our Services you are either a business representative or an individual who is not a consumer and seeks SpectroCoin Loans for purposes which are inside his trade, business, and profession.
- By opening an account in our Platform, you confirm that you will not use our Services as intermediary
services
in any way if payment or transaction in Fiat Currency or Virtual Currency is related to:
- unlawful activity, i.e. violation of any law, statute, ordinance, or regulation;
- abusive activity, i.e. actions that impose an unreasonable or disproportionately large load on Lender's 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;
- 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;
- fraud involving us, our users or any other third party;
- abuse of Services 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 and abuse of the personal relationship with our employees;
- intellectual property infringement, i.e. violation of any copyright, trademark, right of publicity or privacy or any other proprietary right under the law.
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Prohibited businesses
- You cannot use our Services in connection with any of the following businesses, activities, practices,
or items:
- to fulfill any of consumer needs and intentions;
- counterfeit or unauthorized goods;
- regulated products and services;
- adult content and services;
- drugs and drug paraphernalia, including pseudo-pharmaceuticals and substances designed to mimic illegal drugs;
- shell banks and shell companies;
- companies and institutions operating without a mandatory license;
- multi-level marketing;
- unfair, predatory or deceptive practices;
- You cannot use our Services in connection with any of the following businesses, activities, practices,
or items:
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Businesses requiring approval
- Businesses listed below require our express approval prior to applying for SpectroCoin Loans:
- businesses related to any kind of gambling, including skill games, all kinds of betting and poker;
- businesses related to the promotion of any kind of investment (program, website, company, stocks, funds, bonds and derivatives, virtual currency schemes, investment schemes, etc.);
- businesses related to currency exchange or money transmission businesses (including virtual currency exchanges, debit/prepaid/virtual cards, gift vouchers, FOREX, etc.);
- if you wish to get your business model approved to apply for SpectroCoin Loans, please contact our compliance team at [email protected];
- Businesses listed below require our express approval prior to applying for SpectroCoin Loans:
