For the purpose of the applicable data protection laws, the data controller is CryptX Financial SA company having its registered ofﬁce in Suite no. 50 Esplanade, L-9227 Diekirch, Grand Duchy of Luxembourg.
You have the following rights under the GDPR, which this Policy and Our use of personal data have been designed to uphold:
If You have any cause for complaint about Our use of Your personal data, please contact Us and We will do Our best to solve the problem for You.
CryptX uses third party vendors and hosting partners to provide the necessary hardware, software, networking, storage, and related technology required to have best performance in CryptX. Although CryptX Financial owns the code, databases, and all rights to the CryptX Marketplace, Mobile application.
We will not voluntarily disclose your data and information to any government organizations and entities unless until requested.
We may disclose aggregated and anonymous usage data for marketing and analytic purposes excluding your personal information.
Gathering Customer data
In order to comply with GDPR requirements and depending Your use of CryptX, We may collect some or all of the following personal and non-personal data:
A list of URLs starting with a referring site, Your activity on Our Site, and the site You exit to Any documents containing personal data required to comply with financial regulation such as Anti Money Laundering (AML) and Know Your Customer (KYC). These can be, but are not limited to National Identity Card, Passport, Proof of Address, Proof of Funds & related documents.
Furthermore, CryptX may request information to prevent fraud, and to protect CryptX in any way that We seem reasonable in accordance with CryptX SA Anti Money Laundering ("AML") and Counter Terrorist Financing ("CTF") policy as detailed below.
Money laundering is defined as the process where the identity of the proceeds of crime is so disguised that it gives the appearance of legitimate income. Criminals specifically target financial services firms through which they attempt to launder criminal proceeds without the firm's knowledge or suspicions. Within Europe alone it is estimated that billions of euros are laundered on an annual basis and on globally in revenue terms the amount of money laundered would make it the third largest industry. In response to the scale and effect of money laundering, Europe and its member countries, has passed legislation designed to prevent money laundering and to combat terrorism. This legislation, together with regulations, rules and industry guidance, forms the cornerstone of AML/CTF obligations for European firms and outline the offences and penalties for failing to comply.
CryptX is currently unregulated and do not fall with the scope of the AML/CTF obligations as in the 3rd and 4th AML Directive and PSD Framework, the CryptX senior management and its shareholders have implemented systems and procedures that meet the European AML legislation as an added layer for security and compliance part. This decision reflects the senior managements desire to prevent money laundering and not be used by criminals to launder proceeds of crime.
Why We May Collect Your Data?
Our use of Your personal data will always have a lawful basis, either because it is necessary for Our performance of a contract with You, or because it is in Our legitimate interests. Specifically, We may use Your data for the following purposes:
Third parties may use third party Cookies. Please note that We do not control the activities of such third parties, nor the data they collect and use and advise You to check the privacy policies of any such third parties. You have the right to withdraw Your consent to Us using Your personal data at any time, and to request that We delete it.
We do not keep Your personal data for any longer than is necessary in light of the reason(s) for which it was collected in the first place. Data will therefore be retained for the following periods (or its retention will be determined on the following bases): CryptX stores and processes Your personal data for the duration of providing services to You until You request deletion of Your account. However, personal data is retained with limited access in the organisation for up to 5 years due to legal statutory limits.
How Do We Store Your Data?
We only keep Your personal data for as long as We need to in order to use it as described above, and/or for as long as We have Your permission to keep it. Data security is very important to Us, and to protect Your data We have taken suitable measures to safeguard and secure data collected through Our Site. Please see our Security Policy for more details.
Steps We take to secure and protect Your data include:
How to access your Data?
You have the right to ask for a copy of any of Your personal data held by Us (if any). Under the GDPR, no fee is payable and We will provide any and all information in response to Your request free of charge. Please contact Us at email@example.com and your request will be procssed at earliest.
The CryptX AML Policy is designed to prevent money laundering by meeting the Europe AML/CTF legislation and its obligations including the need to have adequate systems and controls in place to mitigate the risk of the firm being used to facilitate financial crime.
This AML Policy sets out the minimum standards which must be complied with and includes:
CryptX will stop transacting with individuals, companies and countries that are on prescribed Sanctions lists.
CryptX will therefore screen against United Nations, European Union, UK Treasury and US Office of Foreign Assets Control (OFAC) sanctions lists in all jurisdictions in which we operate.