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TERMS & CONDITIONS

 

Welcome to Bit Point Global. By accessing or using our website or by clicking the “Register” button, you agree to comply and be bound with the following terms (“Terms of Use”). If you disagree to any part of these terms, please do not use our website or platform

The term ‘Bit Point Global’ or ‘us’ or we’ refers to the owner of the website. We are a company incorporated in Hong Kong SAR. The term ‘you’ refers to the user or viewer of our website and platform.

Bit Point Global provides you a platform to trade Digital Assets (such as Bitcoins and Ethereum) for fiat currencies and vice versa.

By accessing our website or creating an account on our website or using any of our services, you acknowledge that you have read, understand, and completely agree to the following Terms of Use:

  • You understand and have accepted the terms,
  • You are at least 18 years old who has a full power and authority to enter into this agreement,
  • You are capable to operate a computer or a smartphone on your own,
  • You are not a part of or related to any anti-social forces,
  • You are not a resident, citizen of United States of America,
  • You are not a foreign PEPs (Politically Exposed Person),
  • You agree that you will trade with your own funds obtained through legal means,
  • You acknowledge and agree that you will use the services, “Bit Point Global” (trade.bitpoint.hk) and BPG Margin Trading, at your own risks. Trading Digital Asset will have the risks to face substantial losses of your funds or assets.

TRADING RISKS

Trading can be risky, especially if you are engaged in a Digital Asset spot trading or Margin trading. You should consider carefully whether you are capable skillfully and financially engage in such trading. “Stop-Loss” or “Stop Limit” orders may not limit your losses to your intended amount, since it may depend on the market conditions to execute such orders to limite your losses.

LIMITATION OF LIABILITY

UNDER NO CIRCUMSTANCES WILL Bit Point Global BE LIABLE FOR ANY LOST PROFITS, LOST OPPORTUNITY OR ANY INDIRECT, CONSEQUENTIAL, INCIDENTAL, SPECIAL, PUNITIVE, OR EXEMPLARY DAMAGES ARISING OUT OF ANY USE OF OR INABILITY TO USE THE WEBSITE, SYSTEM OR ANY PORTION THEREOF, REGARDLESS OF WHETHER Bit Point Global HAS BEEN APPRISED OF THE LIKELIHOOD OF SUCH DAMAGES OCCURRING AND REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT, WARRANTY, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, OR OTHERWISE.

UNLAWFUL OR PROHIBITED USE

To use the Website, you agree that you will not use the Website for any purpose that is unlawful or prohibited by these Terms of Use. By using this website, you agree to unconditionally accept the terms of use. As they may be revised and/or amended from time to time by the company without any prior notice to you. Please review the terms of use regularly for any revisions and/or amendments which may be made.

 

 

AML Policy

 

Bit Point Global is firmly committed to comply fully with all applicable laws and regulations in relation to the anti-money laundering and counter-terrorist financing. This policy incorporates measures to combat money laundering and terrorist financing activities and to generate a level of awareness of the obligations and responsibilities of Staff on the anti-money laundering and terrorist financing.

Money Laundering
Money laundering is the process by which both the identity of illegally obtained money and the true ownership of such money are changed so that the money appears to come from a legitimate source.

Terrorist Financing
Terrorist financing refers to the carrying out of transactions involving funds or property that are owned or controlled by terrorists or terrorist organizations or transactions that are linked to or likely to be used in terrorist activities.

Foreign PEPs
Foreign PEPs are individuals who are or have been entrusted with prominent public functions by a foreign country or their family. For example Heads of state or Heads of government, senior politicians, senior government, judicial or military officials, senior executives of state owned corporations, important political party officials. Bit Point Global does not accept account opening for Foreign PEPs.
<Those who fall as a  Foreign PEP's>
1. An individual who has been entrusted with prominent public function by a foreign country, or was one in the past. 
(1) Heads of State. Prime Minister, Minister of State, Senior Vice Minister or equivalent function in Japan
(2) Speaker House of Representatives, Vice Speaker House of Representatives, President House of Councillors, Vice President House of Councillors, or equivalent function in Japan
(3) Justice of Supreme Court of Japan or equivalent function in Japan
(4) Ambassador Extraordinary and Plenipotentiary, Ambassador on Special Mission, Representative of Government of Japan, Plenipotentiary or equivalent function in Japan
(5) Chief of Staff, Vice Chief of Staff, Chief of Staff G.S.D.F., Vice Chief of Staff M.S.D.F., Chief of Staff M.S.D.F., Vice Chief of Staff M.S.D.F., Chief of Staff A.S.D.F., Vice Chief of Staff A.S.D.F. or equivalent function in Japan
(6) Director of the Central Bank of Japan
(7) Director of an entity which will receive national budget through a resolution from the parliament
2. An family member (Spouse (Includes Common law marriage, and applies to all of the next)), parents, child, siblings, and spouse's child or parents of (1) above.

Applicable Legistlation

  1. Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (Cap. 615) (the “AMLO”) – This Ordinance imposes legal requirements relating to customer due diligence and record-keeping on financial institutions. It also provides regulators including the SFC with the powers to supervise compliance with those requirements.
  2. Guideline on Anti-Money Laundering and Counter-Terrorist Financing (the “AML/CTF Guideline”) – The SFC gives guidance to licensed corporations in order to assist corporations to implement and comply with the AMLO and other applicable AML and CFT legislation and regulatory requirements. In particular, this Guideline provides practical guidance to assist licensed corporation and their senior management in designing and implementing their own policies, procedures and controls in the relevant operational areas, taking into consideration their special circumstances so as to meet the relevant AML/CFT statutory and regulatory requirements.
  3. Drug Trafficking (Recovery of Proceeds) Ordinance (Cap. 405) (the “DTROP”) - This Ordinance contains provisions for the investigation of assets that are suspected to be derived from drug trafficking activities, the freezing of assets on arrest and the confiscation of the proceeds from drug trafficking activities upon conviction.
  4. Organized and Serious Crimes Ordinance (Cap. 455) (the “OSCO”) - This Ordinance gives the Police and Customs and Excise Department the ability to investigate the activities of organized crime and triad activities, allows the confiscation of the proceeds of organized and serious crimes and creates an offence of money laundering in relation to the proceeds of indictable offences.
  5. United Nations (Anti-Terrorism Measures) Ordinance (Cap. 575) (the “UNATMO”) - This Ordinance implements the mandatory elements of the United Nations Security Council Resolution 1373 to counter financing of terrorist acts and the Financial Action Task Force (the “FATF”) 9 special recommendations on terrorist financing. This criminalizes the supply of funds and making funds or financial services available to terrorists or terrorist associates.
  6. Weapons of Mass Destruction (Control of Provision of Services) Ordinance (Cap. 526) (the “WMD(CPS)O”) – It is an offence under section 4 of this Ordinance for a person to provide any services where he/she believes or suspects, on a reasonable grounds, that those services may be connected to weapon for mass destruction proliferation. The provision of services is broadly defined to include entering into a contract for the performance of work, lending money or providing other financial assistance.