Privacy Policy

Last updated:

10 October, 2024

Please note that this privacy policy will regularly be updated to reflect any changes in the way we handle your personal data or any changes in applicable laws.

This Privacy Policy describes how UAB CONNECTING MARKETS (“we,” “us,” “our,” “ourselves”) collects and processes your personal information (“you,” “your”) through the UAB CONNECTING MARKETS websites and applications that reference this Privacy Policy. By using the services provided by UAB CONNECTING MARKETS (“UAB CONNECTING MARKETS Services”), you are consenting to the collection, storage, processing, and transfer of your personal information as described in this Privacy Policy.

UAB CONNECTING MARKETS (registration number: 306728474), a company established under the laws of the Republic of Lithuania and having its registered office at Vilnius, Zalgirio g. 88-101, LT-09303, is the Data Controller for personal information collected and processed in connection with the provision of UAB CONNECTING MARKETS Services.

SCOPE OF OUR PRIVACY POLICY:

1.1. This Privacy Policy describes how UAB CONNECTING MARKETS collects, uses, stores, shares, and protects your Personal Data whenever you use our Services through the Website or by corresponding with us (for example by email or by filling out messaging forms on the Website).

1.2. Personal data collected by UAB CONNECTING MARKETS is processed in accordance with the Law on Legal Protection of Personal Data of the Republic of Lithuania, the General Data Protection Regulation, and other legal acts. All employees, agents, and contractors of UAB CONNECTING MARKETS who have access to Personal Data are required to keep it confidential even after termination of their employment or contractual relationship.

1.3. For the processing of Personal Data, UAB CONNECTING MARKETS may engage data processors and/or, at its sole discretion, hire other entities to perform certain functions on behalf of UAB CONNECTING MARKETS. In such cases, we ensure that data processors handle Personal Data in accordance with our instructions and applicable legislation. We also require these data processors to implement appropriate security measures for the protection of Personal Data and adhere to non-disclosure obligations.

1.4. By accessing or using our services, you confirm that you have carefully read this document and accept its terms. If you do not agree with this Privacy Policy, please refrain from using our services or creating an account. This Privacy Policy is an integral part of UAB CONNECTING MARKETS’ Terms of Use.

1.5. UAB CONNECTING MARKETS reserves the right to amend this Privacy Policy from time to time. We will post any changes on the Website and may notify you by email. Continued use of UAB CONNECTING MARKETS’ Website and/or Services implies your acceptance of the revised Privacy Policy.

1.6. UAB CONNECTING MARKETS respects individuals’ right to privacy and takes all reasonable steps to ensure the security and confidentiality of Personal Data processed on this Website and Mobile App.

1.7. You may visit this Website without providing any personal information. However, if you wish to create an account or use UAB CONNECTING MARKETS services, we will request the Personal Data required for account creation and user identification.

1.8. UAB CONNECTING MARKETS reserves the right to update this Privacy Policy periodically. When visiting our website, please review the most current version of the Privacy Policy to stay informed about our data processing practices.

PERSONAL DATA WE COLLECT

2.1. General To provide you with a UAB CONNECTING MARKETS account and related services, we are required by law to verify your identity before entering into financial service transactions. Additionally, we may periodically request further information during service provision, which we will retain as per legal requirements. This requires you to provide accurate and complete information. Personal Data is collected and used during three main steps: registration, identity verification, and use of UAB CONNECTING MARKETS services.

2.2. Processing of Registration Data

•     2.2.1. During registration, we collect your email address and telephone number. Submission of these Personal Data elements is mandatory. Without them, your registration cannot be completed.

•     2.2.2. You must confirm your provided email address to finalize your registration.

•     2.2.3. Additional Personal Data, such as name, date of birth, residential address, ID information, and source of funds, is required to comply with legal obligations during the account-opening process.

•     2.2.4. As part of the account-opening process, you will be asked to disclose anticipated account activities. This information helps ensure compliance with regulatory obligations.

•     2.2.5. We use the data collected during registration for:

o     Account opening and client identification

o     Risk assessment as mandated by applicable laws

o     Providing updates and support to clients about upcoming changes or improvements to the Website or Mobile App

o     Notifying clients of changes to terms and conditions applicable to them

•     2.2.6. Legal Basis: We process registration data based on your consent, contractual necessity, and legal compliance obligations.

INVESTMENT RISK DISCLAIMER

3. Investment Risk and Disclaimer

3.1. The content provided on the CONNECTING MARKETS platform is intended for informational purposes only and does not constitute investment advice or financial guidance. CONNECTING MARKETS does not make recommendations regarding digital asset transactions, and all decisions made by users are at their own risk.

3.2. Please be aware that investments in digital assets, including cryptocurrencies, carry inherent risks due to the highly volatile nature of these markets. Potential risks include but are not limited to significant price fluctuations and potential loss of principal. Users are encouraged to carefully assess their own investment objectives and to seek advice from qualified independent financial advisors before engaging in any transactions involving digital assets.

3.3. By using the CONNECTING MARKETS platform, you acknowledge and accept these risks. CONNECTING MARKETS shall not be liable for any loss or damage incurred by users as a result of their digital asset transactions or reliance on the information provided on this platform. This disclaimer is incorporated into our Terms of Use and must be accepted by all users prior to accessing CONNECTING MARKETS Services.

HOW WE SHARE PERSONAL DATA

4.1. To provide our Services and meet regulatory obligations, we may share Personal Data with trusted third-party service providers, including:

•     Cloud storage providers

•     Card issuers for service provision

•     Identity verification providers

•     Professional advisors, such as auditors, accountants, and legal consultants

4.2. We ensure that all third-party processors implement safeguards and meet data security standards equivalent to those required by EU data protection laws.

YOUR RIGHTS

5.1. Access: Request information about the data we process about you.

5.2. Correction: Request updates to any inaccurate Personal Data.

5.3. Transfer: Request a copy of your Personal Data in a structured, machine-readable format.

5.4. Erasure: Request deletion of Personal Data when there is no legal reason for its retention.

5.5. Restriction: Request to limit processing of Personal Data under specific circumstances.

5.6. Objection: Object to processing of Personal Data based on legitimate interest, subject to legal obligations.

To exercise any of these rights, please contact our support team or the Data Protection Officer (DPO) at dpo@connectingmarkets.io.

HOW LONG DO WE KEEP YOUR DATA

6.1. UAB CONNECTING MARKETS retains identification and verification data for eight years preventing money laundering and terrorist financing.

COMPLAINTS

6.2. If you believe your rights under this Privacy Policy have been violated, you may lodge a complaint with your local Data Protection Authority. We encourage you to first reach out to us to resolve any concerns.

UAB CONNECTING MARKETS Data Protection Officer (DPO): Please contact dpo@connectingmarkets.io for any data privacy inquiries.