Effective Date: March 2, 2025
Welcome to Velocoin. These Terms of Service govern your access to and use of the Velocoin platform, services, and products ("Services"). By accessing or using the Services, you agree to comply with these Terms. If you do not agree, do not use the platform.
| Regulation Reference | Description |
|---|---|
| 31 CFR 1010.230 | Customer Due Diligence (FinCEN Beneficial Ownership Rule). |
| 15 U.S.C. 78o | Exchange Act - Registration requirements for broker-dealers (if applicable). |
Velocoin is not liable for losses from unauthorized access caused by user negligence. See SEC Rule 15c3-3 regarding customer protection in securities accounts.
You agree to use Velocoin solely for lawful purposes and in compliance with all applicable laws, including SEC, CFTC, and FinCEN requirements.
| Prohibited Activities | Reference Law or Rule |
|---|---|
| Fraud, deception, market manipulation | Exchange Act Rule 10b-5 |
| Money laundering or terrorism financing | 31 U.S.C. 5318 (AML Provisions) |
| Use of unregistered securities | Securities Act Sections 5 and 12 |
| Hacking or security breaches | Computer Fraud and Abuse Act 18 U.S.C. 1030 |
Transactions may constitute securities trading if tokens are deemed investment contracts under the Howey Test (SEC v. W.J. Howey Co., 328 U.S. 293, 1946).
Velocoin complies with SEC customer asset protection guidance and FinCEN recordkeeping standards.
Your data is handled under our Privacy Policy consistent with Regulation S-P and the Gramm-Leach-Bliley Act. Sensitive data is encrypted in transit and at rest.
| Risk Type | Description |
|---|---|
| Volatility | Crypto asset prices may fluctuate by over 50% within short periods. |
| Security | No system is fully immune to breaches. Use 2FA and secure devices. |
| Regulatory | Jurisdictional laws may change, affecting service availability. |
Velocoin may suspend or terminate access for violations of these Terms, legal obligations, or regulatory requirements. Funds may be withdrawn per applicable rules upon termination.
Velocoin discloses all trading, deposit, and withdrawal fees before execution. Fees may change with notice on the platform. Users are responsible for reviewing updates.
To the fullest extent allowed by law, Velocoin shall not be liable for direct or indirect losses, including:
See Securities Exchange Act Rule 10b-5 for anti-fraud standards and SEC Release No. 34-90788 (custody risk guidance).
You agree to indemnify and hold harmless Velocoin, its affiliates, employees, and agents from claims or losses arising from breach of these Terms or unlawful activity.
Velocoin may modify these Terms as laws or services evolve. Updates will be posted on our website or sent via email. Continued use of Services constitutes acceptance.
These Terms are governed by applicable federal securities laws and the laws of the jurisdiction where Velocoin operates. Disputes shall be resolved via binding arbitration administered under the Federal Arbitration Act, 9 U.S.C. 1 et seq.
For questions or concerns:
Velocoin operates in alignment with guidance issued by the U.S. Securities and Exchange Commission, FinCEN, and the Commodity Futures Trading Commission. Nothing in these Terms constitutes financial or investment advice. Users are responsible for complying with their local laws.