Corporate Governance
The purpose of corporate governance is to ensure that State of Cards complies with existing regulations and that the Company is managed in a manner that is efficient and sustainable for shareholders. Corporate governance also helps to systematize and create good order in the work of the Board and management. State of Cards corporate governance is based on the Articles of Association, internal company policies, and governance documents.
By opening a private account with State of Cards, you gain access to a community of individuals committed to financial empowerment and success. Our platform is here to support you, providing you with the tools and resources needed to achieve your financial aspirations. Experience the benefits of financial freedom and security with State of Cards Open your private account today and take the first step towards a brighter economic future.
About State of Cards
Terms of Use
Last updated 29 September 2024
By using this website (“Site”), registering for an State of Cards Account (“Account”), or using any other State of Cards Services, you (“you, your, or yourself”) are agreeing to accept and comply with the terms and conditions of use stated below (“Terms of Use”). You should read the entire Terms of Use carefully before using this Site or any of the SOC Services. “State of Cards ” is the trade name of Iron Bridge (IB). By accessing or using the Service you agree to be bound by these Terms. If you disagree with any part of the terms then you may not access the Service.
As used in these Terms of Use, “IB” refers to the company Iron Bridge, registered with the Gibraltar Companies Register under company number GICO.121007-39, with its registered address at 5.20 World Trade Center, 6 Bayside Road, Gibraltar GX11 1AA.
All customer funds are held by licensed banks. When you withdraw Quantum funds, the funds will be coming from a bank account in the name of Bitnuk AG, the liquidity provider for Quantum Coins, Bitcoin, and other cryptocurrencies. Please read our terms of use in their entirety before using our Platform. State of Cards allows buyers (“Buyers”) and sellers (“Sellers”) to use its Payment Institution capabilities to buy and sell cryptocurrencies such as Quantum Coin or Bitcoins through Bitnuk.
The Service operated by SOC allows all customers of the Service (“Members”) to: buy and sell Quantum Coin or Bitcoin or other cryptocurrencies (herein “Bitcoin” or “cryptocurrency”). transfer cryptocurrency and fiat currency to other Members and to non-members who must become Members prior to withdrawing such cryptocurrency or fiat money. Exchange FIAT for various currencies. Open IBAN bank accounts. Order Mastercard prepaid debit cards. Trade precious metals including gold, silver, and platinum. Depending on your country of residence, you may not be able to use all the functions of the Site. It is your responsibility to follow the rules and regulations applicable in your country of residence and/or country from which you access this Site and Services. As long as you agree to and comply with these Terms of Use, SOC grants you the personal, non-exclusive, non-transferable, non-sublicensable, and limited right to enter and use the Site and the Service.
By registering for an Account, you expressly represent and warrant: That you have accepted these Terms of Use; and That you are at least 18 years of age and have the full capacity to accept these Terms of Use and enter into a transaction involving cryptocurrencies.
Top-Up
When you add funds to your account (otherwise known as the “top up” function), either by credit card or wire transfer or by any other means, you are digitizing your assets by purchasing a digital currency called “Quantum Coin” (“Quantum”) or Bitcoin, as selected (collectively herein, the “Coins”). When you add funds by wire transfer or credit card, an automated process routes the order to our service provider Bitnuk AG where the Coins are purchased. After purchase, your Coins are held in a secure wallet operated by Bitnuk and, for Quantum, held in a wallet developed by Quantum Clearance with the value reflected in the “Quantum Assets” wallet.
Conversely, when you wish to withdraw from your Quantum Assets section to your external bank account, or to your internal IBAN or State Of Cards prepaid debit card, etc., an automated process routes the order to Bitnuk, where the Quantum Coins are sold and the Fiat is transferred to the relevant account. Quantum can be used similarly to fiat currency to top up your State Of Cards prepaid debit card, to purchase other cryptocurrencies, or to send money to other users and for all other functions available in the Platform. When you wish to withdraw your Quantum Assets, to your external bank account, a sell order is automatically routed to Bitnuk where the Quantum is sold and the proceeds sent to your bank via wire transfer. These functions are all carried out in an automated, seamless, and virtually instantaneous process. All withdrawals will be sent to your bank account from Bitnuk.
Quantum Coins
Unlike most currencies that are backed by governments, other legal entities, or commodities such as gold or silver, Quantum Coins are a unique type of digital currency, backed by technology and trust. There is no central bank that can issue more currency or take corrective measures to protect the value of Quantum Coin in a crisis. Moreover, there is no guarantee that Bitnuk or any other cryptocurrency liquidity provider will purchase your Quantum Coins when you wish to sell them, or that they will maintain their value in relation to any fiat currency. See “Risk Warning” below, for more information on the risks of trading cryptocurrencies like Quantum Coin.
Risk Warning
The trading of goods and products, real or virtual, as well as virtual currencies, involves significant risk. Prices can and do fluctuate on any given day. Such price fluctuations may increase or decrease the value of your assets at any given moment. Any currency, virtual or not, may be subject to large swings in value and may even become worthless. There is an inherent risk that losses will occur as a result of buying, selling, or trading anything on a market.
Trading cryptocurrencies also has special risks not generally shared with official currencies, goods, or commodities in a market. Unlike most currencies that are backed by governments, other legal entities, or commodities such as gold or silver, cryptocurrencies are a unique type of Internet digital currency, backed by technology and trust. There is no central bank that can issue more currency or take corrective measures to protect the value of cryptocurrencies in a crisis.
Instead, cryptocurrencies are an as-yet autonomous and largely unregulated global system of firms and individuals. Traders put their trust in a digital, decentralized, and partially anonymous system that relies on peer-to-peer networking and cryptography to maintain its integrity.
The trading of cryptocurrencies is often susceptible to irrational bubbles or loss of confidence, which could collapse demand relative to supply. For example, confidence might collapse in cryptocurrencies because of unexpected changes imposed by software developers or others, a government crackdown, the creation of superior competing alternative currencies, or a deflationary or inflationary spiral. Confidence might also collapse because of technical problems: if the anonymity of the system is compromised, if money is lost or stolen, or if hackers or governments are able to prevent any transactions from settling.
There may be additional risks that we have not foreseen or identified in these Terms of Use. You should carefully assess whether your financial situation and tolerance for risk are suitable for buying, selling, or trading cryptocurrencies. We use our banking providers in order to receive client funds and make payments. Our banking providers DO NOT transfer, exchange, or provide any services in connection with cryptocurrencies.
Limited Right of Use
Unless otherwise specified, all Materials on this Site are the property of SOC/IB and are protected by copyright, trademark, and other applicable laws. You may view, print, and/or download a copy of the Materials from this Site on any single computer solely for your personal, informational, and/or non-commercial use, provided you comply with all copyright and other proprietary notices.
The trademarks, service marks, and logos of IB, including but not limited to “SWISS INVESTMENT BANK” and others used in this Site (“Trademarks”) are the property of SOC/IB and their respective owners. The software, text, images, graphics, data, prices, trades, charts, graphs, video, and audio used on this Site belongs to SOC/IB. The Trademarks and Materials should not be copied, reproduced, modified, republished, uploaded, posted, transmitted, scraped, collected, or distributed in any form or by any means, whether manual or automated. The use of any such Materials on any other Site or networked computer environment for any other purpose is strictly prohibited; any such unauthorized use may violate copyright, trademark, and other applicable laws, and could result in criminal or civil penalties.
Maintaining Your Account: Our Rules
This Site is for your personal and non-commercial use only. We are vigilant in maintaining the security of our Site and Service. By registering with us, you agree to provide SOC/IB with current, accurate, and complete information about yourself, as prompted by the registration process, and to keep such information updated. Failure to do so constitutes a breach of these Terms of Use, which may result in immediate termination of your account on our Service. You further agree that you will not use any Account other than your own, access the Account of any other Member at any time, or assist others in gaining unauthorized access.
The creation or use of Accounts without obtaining prior express permission from SOC/IB will result in the immediate suspension of all said Accounts, as well as all pending purchase/sale offers. Any attempt to do so or to assist others (Members or otherwise), or the distribution of instructions, software, or tools for that purpose, will result in the Accounts of such Members being terminated. Termination is not the exclusive remedy for such a violation, and SOC/IB may elect to take further action against you.
You are also responsible for maintaining the confidentiality of your Account information, including your password, and safeguarding your account and all activity including Transactions that are posted to your Account. Cryptocurrency transactions are irreversible once sent, so be sure to carefully confirm the receiving address before initiating a Bitcoin transaction. Any actions on the Site, transactions, orders, and operations initiated from your Account or using your password (1) will be considered to have been made by you, and (2) is irrevocable once validated using your password or made through your Account. If there is suspicious activity related to your Account, we may, but are not obligated to, request additional information from you, including authenticating documents, and freeze any transactions pending our review. You are obligated to comply with these security requests or accept the termination of your Account. You are required to notify SOC/IB immediately of any unauthorized use of your Account or password, or any other breach of security, by email to support@stateofcards.com. The account of any Member who violates these rules may be terminated, and the Member held liable for losses incurred by SOC/IB or any user of the Site.
Lastly, you agree that you will not use the Service to perform criminal activity of any sort, including but not limited to money laundering, illegal gambling operations, terrorist financing, malicious hacking, or any criminal or illegal activity. The minimum allowable buy or sell is EUR 5.
FEES
Our fees charged can be found on each respective function page.
VERIFICATION OF ACCOUNTS
The creation and use of your Account are subject to verifications, as required by statutory and regulatory obligations incumbent on SOC/IB. You agree to provide us with the information we request for the purposes of identity verification, compliance with know-your-customer rules, as well as detection of money laundering, terrorism financing, fraud, or any other financial crime. The requested information may include Personal Data (please refer to our Privacy Policy By providing us with the information we request, you confirm that it is true and accurate, and agree to inform us in case of change concerning such information. Your Account will be blocked until we will be satisfied with the information you have provided and determine in our sole discretion that it is sufficient to validate your Account. In the meantime, you will not be allowed to terminate your Account or request the deletion of the Personal Data processed in the course of verification operations. IB utilizes and thus shares information with a third-party AML verification tool in addition to its internal identification screening procedures.
For IBAN Opening
By using the Platform, you agree to the Verifo General Service Agreement and the Verifo Privacy Policy.
Termination
We may terminate or suspend your account immediately, without prior notice or liability, for any reason whatsoever, including without limitation if you breach the Terms of Use. Upon termination, your right to use the Service will immediately cease. If you wish to terminate your account, you may simply discontinue using the Service.
Availability of Services
All services are provided without warranty of any kind, either express or implied and in particular without implied warranties of merchantability and fitness for a particular purpose. We do not guarantee that this Site will be available 100% of the time to meet your needs. We will strive to provide you with the Service as soon as possible, but there are no guarantees that access will not be interrupted or that there will be no delays, failures, errors, omissions, or loss of transmitted information.
We will use reasonable endeavors to ensure that the Site can be accessed by you in accordance with these Terms of Use. However, we may suspend the use of the Site for maintenance and will make reasonable efforts to give you notice of this. You acknowledge that this may not be possible in an emergency, and accept the risks associated with the fact that you may not always be able to use the Site or carry out urgent transactions using your Account.
APIs and Widgets
We may provide certain parties with access to specific data and information through our API (Application Programming Interface) or widgets. We also may provide widgets for your use to enter our data on your Site. You are free to use these in their original unmodified and un-altered state.
External Websites
SOC/IB makes no representations whatsoever about any external or third-party website you may access through the Site. Occasionally, the SOC/IB website may provide references or links to other websites (“External Websites”). We do not control these External Websites or third-party sites or any of the content contained therein. You agree that we are in no way responsible or liable for the External Websites referenced or linked from the SOC website, operating as SWISS INVESTMENT BANK including but not limited to website content, policies, failures, promotions, products, opinions, advice, statements, prices, activities and advertisements, services, or actions, and/or any damages, losses, failures, or problems caused by, related to, or arising from those sites. You shall bear all risks associated with the use of such content.
External Websites have separate and independent terms of use and related policies. We request that you review the policies, rules, terms, and regulations of each site that you visit. It is up to you to take precautions to ensure that whatever you select for your use is free of items such as viruses, worms, Trojan horses, and other items of destructive nature.
Financial Advice
SOC/IB does NOT provide any investment advice in connection with the Services described in these Terms of Use. We may provide information on the price, range, and volatility of cryptocurrencies that are available on our platform and events that have affected the price of such cryptocurrencies, but this must not be considered investment advice nor should it be construed as such. Any decision to purchase or sell cryptocurrencies or other commodities or currencies available on this website is solely your decision and we shall not be liable for any loss suffered.
Financial Regulation
X
Data protection
Privacy is very important to us. Full details of our Privacy Policy can be found on our Privacy Policy page. We recommend that you read the Privacy Policy carefully so that you know the data that we collect, how we use the data, and who we share your data with.
Disclosures to Legal Authorities and Authorized Financial Institutions
We may share your Personal Data with law enforcement, data protection authorities, government officials, and other authorities when:
Required by law;
- Compelled by subpoena, court order, or other legal procedure;
- We believe that disclosure is necessary to prevent damage or financial loss;
- Disclosure is necessary to report suspected illegal activity; or
- Disclosure is necessary to investigate violations of our Terms of Use or Privacy Policy.
For further information on how we process your Personal Data, please refer to the Privacy Policy.
Unclaimed Property
If we hold cash or cryptocurrency, and we are unable to contact you and have no record of your use of the SIB Services for several years, applicable law may require us to report the cash or cryptocurrency as unclaimed property to the authorities in certain jurisdictions. We will try to locate you at the address shown in our records, but if we are unable to, we may be required to deliver any such cash or cryptocurrency to the authorities in certain jurisdictions as unclaimed property. We reserve the right to deduct a dormancy fee or other administrative charges from such unclaimed funds, as permitted by applicable law.
Jurisdiction/Governing Law
The Terms of Use shall be governed and construed in accordance with the laws of Switzerland, without regard to its conflict of law provisions. The parties hereto agree to irrevocably submit to the exclusive jurisdiction of the courts of Switzerland.
Our failure to enforce any right or provision of these Terms of Use will not be considered a waiver of those rights. If any provision of these Terms of Use is held to be invalid or unenforceable by a court, the remaining provisions of these Terms of Use will remain in effect. These Terms of Use constitute the entire agreement between us regarding our Service and supersede and replace any prior agreements we might have between us regarding the Service.
Limitation of Liability
To the extent permitted by law, SIB will not be held liable for any damages, loss of profit, loss of revenue, loss of business, loss of opportunity, loss of data, indirect, or consequential loss, unless the loss suffered arose from negligence or willful deceit or fraud. Nothing in these Terms of Use excludes or limits the liability of either party for fraud, death, or personal injury caused by its negligence, breach of terms implied by operation of law, or any other liability which may not be limited or excluded by law. Although SOC/IB endeavors to provide accurate and timely information on the Site, the Site may not always be entirely accurate, complete, or current and may include errors. We may change or update the Site at any time without notice, and you should accordingly verify with independent sources all information before relying on it to take decisions or actions. You remain entirely responsible for your decisions and actions.
Subject to the foregoing, the aggregate liability for claims against SOC/IB based on events arising from or in connection with any single Member’s use of the Site and/or Service, whether in contract or tort (including negligence) or otherwise, shall in no circumstances exceed the greater of either (a) the total amount held on Account for the Member making a claim less any amount of Commission that may be due and payable in respect of such Account; or (b) 100% of the amount of the Transaction(s) that are the subject of the claim less any amount of Commission that may be due and payable in respect of such Transaction(s).
Legal Disclaimer
Your use of the Service is at your sole risk. The Service is provided on an “AS IS” and “AS AVAILABLE” basis. The Service is provided without warranties of any kind, whether express or implied, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, non-infringement, or course of performance.
SOC/IB its subsidiaries, affiliates, and its licensors do not warrant that a) the Service will function uninterrupted, secure, or available at any particular time or location; b) any errors or defects will be corrected; c) the Service is free of viruses or other harmful components, or d) the results of using the Service will meet your requirements.
Indemnity
To the full extent permitted by applicable law, you hereby agree to indemnify SOC/IB and its partners against any action, liability, cost, claim, loss, damage, proceeding, or expense suffered or incurred if directly or indirectly arising from your use of SOC/IB’s Sites, your use of the Service, or your violation of these Terms of Use.
Miscellaneous
If we are unable to perform the Services outlined in the Terms of Use due to factors beyond our control including but not limited to an event of force majeure, change of law, or change in sanctions policy, we shall not be liable for the Services provided under this agreement during the time period coincident with the event.
Modification of Terms
SOC/IB reserves the right to change, add, or remove parts of these Terms of Use at any time and at its sole discretion. You will be notified of any changes in advance through your Account. Upon such notification, it is your responsibility to review the amended Terms of Use. Your continued use of the Site following the posting of a notice of changes to the Terms of Use signifies that you accept and agree to the changes and that all subsequent transactions by you will be subject to the amended Terms of Use.
Definitions
Account. The contractual arrangement wherein an SOC/IB Member has accepted our Terms of Use and Privacy Policy and received approval to use SOC/IB Services, including the purchase and sale of cryptocurrencies, and to perform associated Transactions.
- Bitcoins. The Peer-to-Peer Internet digital currency is further described at Bitcoin.org.
- Cryptocurrencies. All digital currencies, including but not limited to Bitcoin.
- Buyer(s). Member(s) that are submitting an offer to buy cryptocurrency through the Service.
- Commission or Fee. Refers to the fee which is payable to SIB on each Transaction, such as a buy or sell of cryptocurrency. You can review our Fees on our Fees page.
- Member(s). Refers to Buyers and Sellers as well as any holder of an Account.
Personal Data. Information that identifies an individual, such as name, address, e-mail address, trading information, and banking details. “Personal Data” does not include anonymized and/or aggregated data that does not identify a specific user.
Price. The “price per coin” for which Members are willing to purchase or sell cryptocurrencies, using the Service in a purchase or sell transaction. The Price may be expressed in any of the currencies deposited by Members in their Account and supported by the Service. See our Site for a full list of currencies.
- SOC/IB may not offer currencies other than Euros at this time.
- Seller(s). Member(s) that submit an offer to sell cryptocurrencies through the Service.
- Service(s). The technological platform, functional rules, and market are managed by SOC/IB. permit Sellers and Buyers to purchase and sell cryptocurrencies.
- Transaction. Includes the following:
- The action between the Member to Buy and/or Sell cryptocurrencies through the Service for currencies at the then-current market rate.
- The transfer of cryptocurrencies between Members (“Transfer Transaction”);
- The transfer of currencies among Members (“Currency Transfer Transaction”); and
- SIB may not offer all these transaction types at this time.
- Transaction Price. The total price paid by the Buyer for each Transaction performed through the Service.
Consent to Use of Cookies
This website uses cookies to ensure you have the best experience. By continuing to use this site, you consent to our Cookie Statement. You can disable cookies at any time, by changing your browser settings. See our Cookie Statement for instructions on how to disable cookies, and the effect this will or may have on the Services.
Changes
We reserve the right, at our sole discretion, to modify or replace these Terms of Use at any time. If a revision is material we will try to provide at least 30 days’ notice prior to any new terms taking effect. What constitutes a material change will be determined at our sole discretion. By continuing to access or use our Service after those revisions become effective, you agree to be bound by the revised terms. If you do not agree to the new terms, please stop using the Service.
Unencrypted email messages sent over the Internet are not secure and SOC/IB is not responsible for any damages incurred as a result of sending email messages in this way. We suggest existing Members always log in to the SOC site and use the internal support messaging system by clicking “Support” in the footer menu or, for non-Members, always send emails in encrypted formats. You are welcome to send encrypted emails to us. The instructions and keys to do so are available upon request. Please never send us or anyone else your password by email.
If you send unencrypted or unsecured email or other types of communications to us, we may respond using the same channels and you hereby accept the risks associated therewith. SOC/IB will never contact you from an email account that does not end with @stateofcards.com. If anyone, including a person that you know to be associated with SIB ever contacts you via email with an address that does not end with @stateofcards.com, please notify our compliance department at support@stateofcards.com immediately.
Contact Us
If you are a Member, and have any questions relating to these Terms of Use, your rights and obligations arising from these Terms, and/or your use of the Site and the Service, your Account, or any other matter, please Contact Us via our internal secure messaging platform, from within your account by clicking “Support” in the footer after logging in or, if you cannot Contact Us using our internal secure messaging platform, you can email us via the contact form on the Contact Us page of our website. If you email us without using our internal secure messaging platform, please send encrypted emails to us. The instructions and keys to do so are available upon request. For more information about email communications, see the section titled “Email” above.
Privacy Notice
The purpose of corporate governance is to ensure that State of Cards complies with existing regulations and that the Company is managed in a manner that is efficient and sustainable for shareholders. Corporate governance also helps to systematize and create good order in the work of the Board and management. State of Cards corporate governance is based on the Articles of Association, internal company policies, and governance documents.
By opening a private account with State of Cards, you gain access to a community of individuals committed to financial empowerment and success. Our platform is here to support you, providing you with the tools and resources needed to achieve your financial aspirations. Experience the benefits of financial freedom and security with State of Cards Open your private account today and take the first step towards a brighter economic future.
Confidentiality
State of Cards Your Privacy and Confidentiality Guardian,
Your Privacy, Our Priority
In the age of surveillance capitalism, where companies profit from collecting and selling personal data, State of Cards stands firm in protecting your privacy. We believe in a decentralized and self-regulatory approach to financial services, ensuring that your data is secure and your privacy is respected.
What is Surveillance Capitalism?
Surveillance capitalism refers to the widespread practice of businesses collecting and monetizing user data without explicit consent. Companies like Google and Facebook have built their empires by exploiting consumer data, often leading to privacy violations and unauthorized use of personal information.
Our Stance Against Surveillance Capitalism
State of Cards we reject these invasive practices. Our platform is built on principles of transparency, security, and privacy. We do not sell your data to third parties or engage in any form of data exploitation. Instead, we leverage decentralized blockchain technology to ensure your information is secure and your privacy is protected.
Decentralized Infrastructure: Our blockchain-based platform ensures that your data is stored securely and is not controlled by any single entity. This decentralization minimizes the risk of data breaches and unauthorized access.
Self-Regulatory Compliance: We operate under a self-regulatory compliance framework, adhering to the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards. This ensures that we maintain the highest standards of security and privacy.
Secure Transactions: All transactions conducted on our platform are encrypted and secured using advanced blockchain technology. This ensures that your financial activities remain private and protected from surveillance.
No Data Selling: Unlike traditional financial institutions, we do not sell or share your personal data with third parties. Your information is yours alone, and we are committed to keeping it that way.
Cookie-Free Browsing Experience: We proudly operate a cookie-free website. We do not employ cookies or any other tracking technologies. This ensures that your visit to our website is private and unmonitored.
Enhanced Privacy: Our platform ensures that your personal and financial information remains private and secure.
Increased Security: Decentralized storage and encrypted transactions protect your data from unauthorized access.
Transparency: Our commitment to transparency means you always know how your data is being used and protected.
At State of Cards , we prioritize your financial privacy and security above all else. Our robust identity protection systems ensure your information remains confidential, shielding your transactions from third-party intrusions. With our advanced banking technology, your financial privacy is guaranteed, allowing you to invest with confidence and security. State of Cards to safeguard your financial future with unmatched privacy and confidentiality guarantees.
Trademark
The following names and designations are trademarks of Iron Bridge Ltd
These names and trademarks, as well as all other trademarks and protected rights mentioned on this website, are subject unreservedly to the applicable trademark law in each case and are not permitted to be used without the express permission of the registered owner. The simple fact that the website mentions them does not imply that trademarks are not protected by the rights of third parties.
Copyright Infringement Notification
To file a copyright infringement notification with us, you will need to send a written communication that includes substantially the following (please consult your legal counsel or see Section 512(c)(3) of the Digital Millennium Copyright Act to confirm these requirements): A physical or electronic signature of a person authorized to act on behalf of the owner of an exclusive right that is allegedly infringed. Identification of the copyrighted work claimed to have been infringed, or, if multiple copyrighted works at a single online website are covered by a single notification, a representative list of such works at that website. Identification of the material that is claimed to be infringing or to be the subject of infringing activity and that is to be removed or access to which is to be disabled, and information reasonably sufficient to permit the service provider to locate the material. Providing URLs in the body of an email is the best way to help us locate content quickly. Information is reasonably sufficient to permit the service provider to contact the complaining party, such as an address, telephone number, and, if available, an electronic mail address at which the complaining party may be contacted. A statement that the complaining party has a good faith belief that the use of the material in the manner complained of is not authorized by the copyright owner, its agent, or the law. A statement that the information in the notification is accurate, and under penalty of perjury, that the complaining party is authorized to act on behalf of the owner of an exclusive right that is allegedly infringed. Please note that under Section 512(f) any person who knowingly materially misrepresents that material or activity is infringing may be subject to liability for damages. Do not make false claims! Please also note that the information provided in this legal notice may be forwarded to the person who provided the allegedly infringing content. Claimant information will be published on the Ubeea.com website in place of disabled content.
Counter-Notification
Please note that under Section 512(f) of the Copyright Act, any person who knowingly materially misrepresents that material or activity was removed or disabled by mistake or misidentification may be subject to liability. Please also be advised that we enforce a policy that provides for the termination in appropriate circumstances of subscribers who are repeat infringers. Contact support@stateofcards.com to submit a claim. The following names and designations are trademarks of Iron Bridge: State of Cards. These names and trademarks, as well as all other trademarks and protected rights mentioned on this website, are subject unreservedly to the applicable trademark law in each case and are not permitted to be used without the express permission of the registered owner. The simple fact that the website mentions them does not imply that trademarks are not protected by the rights of third parties.
Copyright Infringement Notification
To file a copyright infringement notification with us, you will need to send a written communication that includes substantially the following (please consult your legal counsel or see Section 512(c)(3) of the Digital Millennium Copyright Act to confirm these requirements): A physical or electronic signature of a person authorized to act on behalf of the owner of an exclusive right that is allegedly infringed. Identification of the copyrighted work claimed to have been infringed, or, if multiple copyrighted works at a single online website are covered by a single notification, a representative list of such works at that website. Identification of the material that is claimed to be infringing or to be the subject of infringing activity and that is to be removed or access to which is to be disabled, and information reasonably sufficient to permit the service provider to locate the material. Providing URLs in the body of an email is the best way to help us locate content quickly. Information is reasonably sufficient to permit the service provider to contact the complaining party, such as an address, telephone number, and, if available, an electronic mail address at which the complaining party may be contacted. A statement that the complaining party has a good faith belief that the use of the material in the manner complained of is not authorized by the copyright owner, its agent, or the law. A statement that the information in the notification is accurate, and under penalty of perjury, that the complaining party is authorized to act on behalf of the owner of an exclusive right that is allegedly infringed. Please note that under Section 512(f) any person who knowingly materially misrepresents that material or activity is infringing may be subject to liability for damages. Do not make false claims! Please also note that the information provided in this legal notice may be forwarded to the person who provided the allegedly infringing content. Claimant information will be published on the Ubeea.com website in place of disabled content.
Counter-Notification
Please note that under Section 512(f) of the Copyright Act, any person who knowingly materially misrepresents that material or activity was removed or disabled by mistake or misidentification may be subject to liability. Please also be advised that we enforce a policy that provides for the termination in appropriate circumstances of subscribers who are repeat infringers. Contact State of Cads to submit a claim or counterclaim: IRON BRIDGE Ltd, Gibraltar
Risk Warning
Please read the following risk warnings carefully before using the State of Cards Service.
This document provides you with information about the risks associated with using trading in cryptocurrencies and with using the State of Cards Service, which allows you to buy or sell interests in cryptocurrency via our partner cryptocurrency exchange(s) (each a “Cryptocurrency Exchange”).
The trading of goods and products, real or virtual, as well as virtual currencies, involves significant risk. Prices can and do fluctuate on any given day. Due to such price fluctuations, you may increase or lose value in your assets at any given moment. Any currency – virtual or not – may be subject to large swings in value and may even become worthless. There is an inherent risk that losses will occur as a result of buying, selling, or trading anything on a market. If you are in any doubt about whether the Cryptocurrency Service is right for you, you may wish to seek guidance from a professional adviser.
You should carefully assess whether your financial situation and tolerance for risk are suitable for any form of exposure to cryptocurrencies. You should never invest in cryptocurrencies unless you can afford to lose 100% of your investment.
Trading in Cryptocurrencies is unregulated
Trading cryptocurrencies such as Bitcoin has special risks not generally shared with official currencies or goods or commodities in a market. Unlike most currencies, which are backed by governments or other legal entities, or by commodities such as gold or silver, cryptocurrencies are a unique kind of Internet digital currency, backed by technology and trust. There is no central bank that can take corrective measures to protect the value of any cryptocurrency in a crisis or issue more currency.
Instead, cryptocurrencies are an as-yet autonomous and largely unregulated global system of currency firms and individuals. Traders put their trust in a digital, decentralized, and partially anonymous system that relies on peer-to-peer networking and cryptography to maintain its integrity. As such, cryptocurrencies are not governed by any specific European or other regulatory framework. This means that, when you use the SOC Service to purchase cryptocurrencies, you will not benefit from the protections available to customers receiving e-money/payment services provided by us. Moreover, SOC is not a bank and, as such, is not part of a depositor protection scheme. SOC is also not subject to direct FINMA supervision.
We use our banking providers in order to receive client money and make payments. Our banking providers DO NOT transfer cryptocurrencies, exchange cryptocurrencies, or provide any services in connection with cryptocurrencies.
The value of Cryptocurrencies is highly volatile
The trading of cryptocurrencies is often susceptible to irrational bubbles or loss of confidence, which could collapse demand relative to supply. For example, confidence might collapse in cryptocurrencies because of unexpected changes imposed by software developers or others, a government crackdown, the creation of superior competing alternative currencies, or a deflationary or inflationary spiral. Confidence might also collapse because of technical problems: if the anonymity of the system is compromised, if money is lost or stolen, or if hackers or governments are able to prevent any transactions from settling.
There may be additional risks that we have not foreseen or identified in our Terms of Use.
You should carefully assess whether your financial situation and tolerance for risk are suitable for buying, selling, or trading cryptocurrencies. You should never trade in cryptocurrencies unless you can afford to lose 100% of your investment.
There may be additional risks that we have not foreseen or identified in our Terms of Use. You should carefully assess whether your financial situation and tolerance for risk are suitable for buying, selling, or trading cryptocurrencies.
Cryptocurrency exchanges are vulnerable to cyber attacks
Cryptocurrency exchanges are entirely digital and, as with any virtual system, are at risk from hackers, malware, and operational glitches. Even though Cryptocurrency Exchanges take various steps to preserve the security of their platforms, a cryptocurrency that is held in wallets provided by such exchanges remains vulnerable to hacking.
If a thief gains access to one or more Supported Cryptocurrencies (i.e. by stealing the private encryption key to the Cryptocurrency Exchange wallets), he/she could transfer the stolen assets to another account. This is particularly problematic since all cryptocurrency transactions are permanent and irreversible.
Accordingly, a hack is likely to lead to substantial depletion of the Supported Cryptocurrency held on your behalf (see below). Whilst the Cryptocurrency Exchange may be willing to compensate users for any such loss, they are not obliged to do so. A serious hack could also have the effect of putting a Cryptocurrency Exchange into insolvency.
The supported cryptocurrencies (and the fiat currency used to buy/sell them) are held in custody by a third party.
When you use the SOC Service to buy interests in one or more of the Supported Cryptocurrencies, they will be held on your behalf by a third party (usually the Exchange) who will act as custodian (the “Custodian”). Records will be held by the Cryptocurrency Exchange and us to show that the Supported Cryptocurrencies are held on your behalf and do not belong to any third party.
The Supported Cryptocurrencies may be held on an “omnibus basis” with the Custodian, which means that your interests may be held at a single blockchain address together with those of other customers of that Custodian. If the Custodian becomes insolvent, there may be delays in identifying the assets belonging to you. There may also be an increased risk of loss if there should be a shortfall between the assets held in the Custodian’s omnibus account and the claims of all of its customers (in which case, you may have to share proportionately in that shortfall with other customers).
Otherwise, in the event of insolvency of the Custodian, please note there is no specific legal protection that covers you for losses arising from any Supported Cryptocurrencies that were held with such Custodian. This could mean that you have no specific rights under insolvency law to recover cryptocurrency held by the Custodian and you may be treated as an ordinary creditor of the same.
When you sell your interests in the Supported Cryptocurrencies, the proceeds from the sale will be held in a pooled segregated bank account of the Cryptocurrency Exchange. As with the Supported Cryptocurrencies, records will be held by the Cryptocurrency Exchange and us to show that funds are held on your behalf and do not belong to any third party. In the event of the Cryptocurrency Exchange’s insolvency, you may be able to claim the return of your fiat currency from this pool.
The Cryptocurrency Exchange may terminate its service at any time
To provide the SOC Service to you, we partner with one or more Cryptocurrency Exchanges to (a) facilitate the buying and selling of interests in Supported Cryptocurrencies; and (b) in some cases, hold the Supported Cryptocurrencies as Custodians.
Given the various risks attached to cryptocurrency exchanges (including the uncertain legal environment), it is possible that a Cryptocurrency Exchange could suspend or terminate its relationship with us and may not tell us why. In these circumstances, we may have to suspend the SOC Service ourselves but we will try to transfer the underlying Supported Cryptocurrency to another Cryptocurrency Exchange as soon as possible.
The legal status of cryptocurrency is uncertain and evolving
Given that the market for cryptocurrencies is relatively new, the legal nature of cryptocurrency is, in most jurisdictions, yet to be determined by statute, regulation, or case law. In the absence of such authority, it is not clear how a regulator or court may treat interests or rights arising from cryptocurrency trading. In particular, the law applicable to firms who hold cryptocurrencies in custody (particularly in the event of such firms’ insolvency) is far from clear.
It is possible that a national or supranational regulator may take unilateral action to legislate the cryptocurrency market in a manner that prevents or encumbers the proper operation of the market in your jurisdiction. This may impact whether we can offer the Cryptocurrency Service to you
The functioning of the cryptocurrency network is outside our control
Since the Blockchain is an independent public peer-to-peer network and is not subject to regulation or control by any governmental or other authority or firm, we are not responsible for any failure, mistake, error, and/or breach which shall occur on the Blockchain or on any other networks in which the Supported Cryptocurrencies are being issued and/or traded.
We do not own or control the underlying software protocols which govern the operation of the Supported Cryptocurrencies. In general, the underlying protocols are open source and anyone can use, copy, modify, and distribute them.
The underlying protocols of the Supported Cryptocurrencies are subject to sudden changes in operating rules (‘forks’), and such forks may materially affect the value, function, and/or even the name of the Supported Cryptocurrency.
Changes and additions to this Risk Warning
Please check back often to review this Risk Warning as we may amend it from time to time. If you have any questions regarding this Risk Statement, via the contact form on the Contact Us page of our website.