Terms of Service

1. Acceptance of Terms

These Terms of Service ("Terms," "Agreement") constitute a legally binding agreement between you ("User," "you," or "your") and VeritasExchange ("Veritas Exchange," "we," "us," or "our"), operated by JarMetals LLC, a licensed Money Services Business ("MSB") in the United States with its principal place of business in Delaware.

By accessing or using our cryptocurrency exchange platform and related services (collectively, the "Services"), you agree to be bound by these Terms and our Privacy Policy, which is incorporated herein by reference. If you do not agree to these Terms, you must not use our Services.

We reserve the right to modify these Terms at any time. Material changes will be notified to you via email or through our Services. Your continued use of the Services after such modifications constitutes acceptance of the updated Terms. JarMetals LLC is registered with the Financial Crimes Enforcement Network ("FinCEN") as a Money Services Business (MSB Registration Number: 31000292749235).

2. Eligibility and Account Requirements

2.1 Eligibility

To use our Services, you must:

• Be at least 18 years of age or the age of majority in your jurisdiction
• Have the legal capacity to enter into binding contracts
• Reside in a jurisdiction where our Services are legally permitted
• Not be prohibited from using our Services under applicable laws, regulations, or sanctions
• Not be located in, or a resident of, any jurisdiction where cryptocurrency transactions are prohibited

2.2 Account Registration

To use our Services, you must:

• Create an account and provide accurate, current, and complete information
• Maintain and promptly update your account information
• Maintain the security and confidentiality of your account credentials
• Notify us immediately of any unauthorized access or use of your account
• Be solely responsible for all activities that occur under your account

2.3 Know Your Customer (KYC) and Anti-Money Laundering (AML) Requirements

As a licensed MSB, we are required by law to:

• Verify your identity before providing Services
• Conduct ongoing monitoring of your account and transactions
• Screen you against sanctions lists and watchlists
• Collect and verify information about your source of funds and source of wealth
• Request additional documentation or information at any time
• Report suspicious activity to regulatory authorities

You agree to provide accurate information and cooperate with all KYC/AML requirements. Failure to provide requested information may result in account suspension or termination. We reserve the right to refuse service to anyone who fails to meet our KYC/AML requirements or who we reasonably believe is engaged in illegal activity.

SAR Confidentiality Notice: If we file, consider filing, or are required to file a Suspicious Activity Report (SAR) or similar report, we may be legally prohibited from disclosing that fact, or any related information, to you or any third party.

3. Description of Services

Veritas Exchange provides the following services:

• Fiat-to-Cryptocurrency Exchange: Conversion of United States Dollars (USD) to various cryptocurrencies
• Wire Transfer Processing: Receipt and processing of wire transfers for deposit into user accounts
• Cryptocurrency Withdrawals: Processing of cryptocurrency withdrawal requests to external wallet addresses
• Account Management: Maintenance of user accounts, balances, and transaction history
• Compliance Services: KYC/AML verification, transaction monitoring, and regulatory reporting

We reserve the right to modify, suspend, or discontinue any aspect of our Services at any time, with or without notice. We do not guarantee that our Services will be available at all times or that they will be uninterrupted or error-free.

4. User Obligations and Prohibited Activities

4.1 User Obligations

You agree to:

• Comply with all applicable laws, regulations, and these Terms
• Use our Services only for lawful purposes
• Provide accurate and truthful information
• Maintain the security of your account
• Report any suspicious activity or security breaches immediately
• Not engage in any activity that could harm our Services or other users

4.2 Prohibited Activities

You are strictly prohibited from:

• Using our Services for any illegal purpose, including money laundering, terrorist financing, fraud, or tax evasion
• Engaging in any activity that violates sanctions or trade restrictions
• Providing false, misleading, or incomplete information
• Attempting to circumvent our security measures or KYC/AML procedures
• Using our Services to facilitate illegal transactions or activities
• Interfering with or disrupting our Services or servers
• Attempting to gain unauthorized access to any part of our Services
• Using automated systems, bots, or scripts to access our Services without authorization
• Transferring your account to another person
• Using our Services if you are located in a prohibited jurisdiction
• Engaging in any activity that could damage our reputation or business

Violation of these prohibitions may result in immediate account suspension or termination, reporting to law enforcement, and legal action.

OFAC / Sanctions: You may not use the Services if you are a sanctioned individual or entity, owned or controlled by a sanctioned individual or entity, or located in a comprehensively sanctioned or otherwise restricted jurisdiction. We may block, freeze, refuse, reverse, or report transactions as required by law or based on our compliance risk determinations.

5. Transactions and Processing

5.1 Deposits

Deposits are processed as follows:

• You must send wire transfers using the instructions we provide
• Deposits are subject to verification and may be delayed for compliance review
• We reserve the right to reject or hold deposits pending additional verification
• Deposits are credited to your account only after we receive and verify the funds
• We are not responsible for delays caused by third-party financial institutions

Provisional Credit / Returns: Any credit to your account may be provisional until we confirm settlement and finality of funds. A wire transfer may be returned, recalled, reversed, rejected, or adjusted by the sending/receiving bank or an intermediary bank. If a deposit is returned or reversed (or if bank fees apply), you authorize us to debit your account, reverse the credit, and/or recover related fees and costs to the extent permitted by law.

5.2 Withdrawals

Withdrawals are subject to the following terms:

• You must have sufficient balance in your account
• Withdrawals are subject to fees as disclosed at the time of request
• We may require additional verification before processing withdrawals
• We reserve the right to delay, suspend, or cancel withdrawals for compliance or security reasons
• You are solely responsible for providing correct withdrawal addresses
• Cryptocurrency withdrawals are irreversible once processed
• We are not responsible for losses resulting from incorrect withdrawal addresses

Irreversibility: You acknowledge that cryptocurrency transfers are typically irreversible. Once a withdrawal is broadcast to a blockchain network or otherwise sent, we may not be able to cancel or recover it.

5.3 Transaction Limits

We may impose transaction limits on deposits, withdrawals, or account balances. These limits may vary based on your account status, verification level, and regulatory requirements. We reserve the right to modify these limits at any time.

5.4 Transaction Fees

All transactions are subject to fees as disclosed at the time of the transaction. Fees may vary based on transaction type, amount, and your account tier. We reserve the right to modify fees with reasonable notice. Fees are non-refundable except as required by law.

6. Fees and Charges

You agree to pay all applicable fees, including:

• Transaction fees for deposits and withdrawals
• Cryptocurrency conversion fees
• Network fees for cryptocurrency transactions
• Account maintenance fees (if applicable)
• Any other fees disclosed in our fee schedule

Fees are deducted from your account balance or transaction amount. All fees are final and non-refundable unless required by law or as otherwise specified in these Terms. We reserve the right to modify our fee schedule at any time with reasonable notice.

7. Cryptocurrency Risks and Disclaimers

IMPORTANT RISK DISCLOSURE: Cryptocurrency transactions involve significant risks, including:

• Volatility: Cryptocurrency values are highly volatile and may fluctuate dramatically
• Irreversibility: Cryptocurrency transactions are generally irreversible
• Regulatory Risk: Cryptocurrency regulations may change, affecting the legality or availability of services
• Technology Risk: Cryptocurrency networks may experience technical issues, forks, or attacks
• Loss Risk: Loss of private keys or wallet access may result in permanent loss of cryptocurrency
• No Insurance: Cryptocurrency holdings are not insured by the FDIC or any other government agency
• Market Risk: Cryptocurrency markets may be illiquid or subject to manipulation

You acknowledge that you understand these risks and that you are solely responsible for your decisions to buy, sell, or hold cryptocurrency. You should only invest what you can afford to lose.

No Advice: We do not provide investment, financial, legal, or tax advice. Any information we provide is for general informational purposes only and should not be relied upon as advice.

Taxes: You are solely responsible for determining and paying any taxes that may apply to your transactions and use of the Services.

8. Regulatory Compliance and Reporting

As a licensed MSB, we are required to:

• Comply with the Bank Secrecy Act ("BSA") and FinCEN regulations
• File Currency Transaction Reports ("CTRs") for transactions exceeding $10,000
• File Suspicious Activity Reports ("SARs") when we detect suspicious activity
• Maintain records of all transactions for at least 5 years
• Screen users against sanctions lists and watchlists
• Report to regulatory authorities as required by law

You consent to our disclosure of your information to regulatory authorities, law enforcement, and government agencies as required by law. We may suspend or terminate your account if we determine that continued service would violate applicable laws or regulations.

We may be legally required to block transactions, freeze funds, refuse service, delay processing, and/or retain funds pending investigation, regulatory guidance, or legal process.

9. Account Suspension and Termination

9.1 Suspension

We may suspend your account immediately if:

• We suspect fraudulent, illegal, or suspicious activity
• You violate these Terms or applicable laws
• We are required to do so by law or regulatory authority
• We need to investigate a potential security breach
• You fail to provide requested information or documentation

9.2 Termination

We may terminate your account:

• Upon your request, subject to completion of pending transactions
• If you violate these Terms or engage in prohibited activities
• If we are required to do so by law or regulatory authority
• If you fail to maintain account security
• For any other reason we deem necessary to protect our business or comply with law

9.3 Effect of Termination

Upon termination, your right to use our Services immediately ceases. We will process any pending transactions in accordance with applicable law and these Terms. We may hold funds in your account as required by law or to resolve disputes. You remain responsible for all fees and charges incurred prior to termination.

10. Intellectual Property

All content, features, and functionality of our Services, including but not limited to text, graphics, logos, icons, images, software, and code, are owned by Veritas Exchange, JarMetals LLC, or our licensors and are protected by copyright, trademark, and other intellectual property laws. You may not copy, modify, distribute, sell, or lease any part of our Services without our prior written consent.

11. Disclaimers and Warranties

YOUR USE OF OUR SERVICES IS AT YOUR SOLE RISK. Our Services are provided "AS IS" and "AS AVAILABLE" without warranties of any kind, either express or implied, including but not limited to:

• Warranties of merchantability, fitness for a particular purpose, or non-infringement
• Warranties that our Services will be uninterrupted, secure, or error-free
• Warranties regarding the accuracy, reliability, or completeness of information on our Services
• Warranties that defects will be corrected

We do not guarantee that our Services will meet your requirements or that they will be available at all times. We are not responsible for any losses resulting from your use of our Services, including but not limited to losses from cryptocurrency price fluctuations, network issues, or technical failures.

12. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL VERITAS EXCHANGE, JARMETALS LLC, OR THEIR OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, OR AFFILIATES BE LIABLE FOR:

• Any indirect, incidental, special, consequential, or punitive damages
• Loss of profits, revenue, data, or use
• Losses resulting from cryptocurrency price fluctuations
• Losses resulting from incorrect wallet addresses or user error
• Losses resulting from third-party actions or failures
• Losses resulting from regulatory changes or government actions
• Any damages exceeding the amount of fees you paid to us in the twelve (12) months preceding the claim

This limitation of liability applies regardless of the theory of liability, whether in contract, tort, strict liability, or otherwise, and even if we have been advised of the possibility of such damages. Some jurisdictions do not allow the exclusion or limitation of certain damages, so some of the above limitations may not apply to you.

13. Indemnification

You agree to indemnify, defend, and hold harmless Veritas Exchange, JarMetals LLC, and their officers, directors, employees, agents, and affiliates from and against any and all claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to: (a) your use of our Services; (b) your violation of these Terms or applicable laws; (c) your violation of any rights of another party; or (d) your negligence or willful misconduct.

14. Dispute Resolution

14.1 Informal Resolution

Before filing a claim, you agree to contact us to attempt to resolve the dispute informally. We will attempt to resolve disputes in good faith within 60 days of your notice.

14.2 Binding Arbitration

If we cannot resolve a dispute informally, you agree that any dispute arising out of or relating to these Terms or our Services shall be resolved through binding arbitration in accordance with the rules of the American Arbitration Association ("AAA"). The arbitration shall be conducted in Delaware unless we both agree otherwise. You waive your right to a jury trial and to participate in a class action lawsuit.

14.3 Governing Law

These Terms shall be governed by and construed in accordance with the laws of the State of Delaware and applicable federal law, without regard to conflict of law principles.

15. Errors and Disputes

If you believe there is an error in your account or a transaction, you must:

• Notify us immediately, but no later than 60 days after the error occurred
• Provide us with all relevant information and documentation
• Cooperate with our investigation

We will investigate your claim and respond within a reasonable time. If we determine that an error occurred, we will correct it. Our determination is final unless required by law to be reviewed by a regulatory authority.

16. Privacy

Your use of our Services is also governed by our Privacy Policy, which is incorporated herein by reference. By using our Services, you consent to the collection, use, and disclosure of your information as described in our Privacy Policy.

17. Miscellaneous

17.1 Entire Agreement

These Terms, together with our Privacy Policy, constitute the entire agreement between you and Veritas Exchange regarding your use of our Services and supersede all prior agreements and understandings.

17.2 Severability

If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.

17.3 Waiver

Our failure to enforce any provision of these Terms shall not constitute a waiver of such provision or any other provision.

17.4 Assignment

You may not assign or transfer these Terms or your account without our prior written consent. We may assign these Terms or transfer your account in connection with a merger, acquisition, or sale of assets.

17.5 Force Majeure

We shall not be liable for any failure or delay in performance due to circumstances beyond our reasonable control, including but not limited to acts of God, natural disasters, war, terrorism, government actions, or failures of third-party service providers.

18. Contact Information

If you have questions about these Terms, please contact us: