The Velocity Ledger Group may seek to obtain certain information from a prospective participant in order to comply with applicable law or regulation in connection with the sale of VL Tokens. The Velocity Ledger Group may refuse to sell VL Tokens absent such requested information.
Collection of Information
In connection with the establishment of a VL account to purchase the VL Tokens,
the Velocity Ledger Group may collect and store the following types of information
either with respect to certain individuals or individuals affiliated with participants:
name, address, phone, email, nationality, id photo page scan, passport numbers or
other personal identification numbers, and wallet address. Prospective purchasers
and affiliated individuals may be required to provide additional information to facilitate verification of identity and address. The Velocity Ledger Group may engage
third parties, such as identity verification services, to collect or verify additional
information about prospective purchasers and affiliated individuals.
The Velocity Ledger Group will protect personal information using physical, technical, and administrative security measures to reduce the risks of loss, misuse,
unauthorized access, disclosure, and alteration. Some of the safeguards used are
firewalls and data encryption, physical access controls to data centers, and information access authorization controls. The Velocity Ledger Group will authorize access
to personal information only for those employees who require it to fulfill their job
responsibilities. All physical, electronic, and procedural safeguards are designed to
comply with applicable laws and regulations.
In the unlikely event that there is a security breach that may compromise personal
data, the Velocity Ledger will notify impacted participants promptly upon discovery
and in no event later than the period required for such notification under applicable
law. The Velocity Ledger Group shall use reasonable efforts to remedy any security
breach and will provide periodic updates as required.
Use of Information
The Velocity Ledger Group may be required to analyze and compare the personal
data provided to third party databases to verify its accuracy in order to comply with
applicable anti-money laundering and know your customer requirements. The Velocity Ledger Group will not release, sell or rent personal data to third parties other than law enforcement agencies and/or public administration bodies in compliance
with applicable rules and regulations.
The Velocity Ledger Group reserves the right to share personal data collected with:
(a) 3rd party identification services providers for fraud prevention purposes; (b) law
enforcement, government officials, or other third parties when we are compelled to
do so by a subpoena, court order, or similar legal procedure.
The Velocity Ledger Group may also create anonymous, aggregated and/or other
de-identified data records (“anonymous Information”) from personal information provided by excluding information (such as individual name) that makes the information personally identifiable. This anonymous information may be used to analyse request and usage patterns so that the Velocity Ledger Group may enhance the user experience on the VL Platform. The Velocity Ledge Group may use anonymous information for any lawful purpose and may disclose such data to third parties in our discretion.
Participants may have legal rights under General Data Protection Regulations (GDPR) or other similar regulations to access, review, edit or request the Velocity Ledger Group to remove associated personal data. The removal of such data in compliance with such regulations may result in the disablement of or imposition of restrictions on the associated VL Token account
We use reasonable efforts to secure access to Personally Identifiable Information in our possession, including bank-level encryption, support instant identification and account verifications, and partner with Symantec and McAfee monitoring to ensure that you have a safe experience on FI ATS, but will not be liable for any failure to safeguard such information, whether inadvertent or otherwise. Personally, Identifiable Information is also stored with third parties who have informed us that they also use reasonable efforts to secure access to Personally Identifiable Information, but we will not be liable for the failure of any third party to safeguard Personally Identifiable Information, whether inadvertent or otherwise.
We protect the security of your information during transmission by using Secure Sockets Layer (SSL) software, which encrypts information you input. Wherever appropriate, we obfuscate and/or encrypt information in our systems and/or during information transfer. No method of transmission over the Internet, or method of electronic storage, is 100% secure, however. Therefore, we cannot guarantee its absolute security.
It is important for you to protect against unauthorized access to your password and to your computer. Be sure to log off when finished using a shared computer.
Changes to This Privacy Notice
We reserve the right, in our sole discretion, to change, modify, add, or remove portions of this notice at any time. Any changes or updates will be effective immediately upon posting to the web site and sending a notification to all registered users via email regarding such update. You should review this notice regularly for changes and can determine if changes have been made by checking the Effective Date below. Your continued use of our website following the posting of any changes to this notice means you accept such changes.
Applicable Law and Jurisdiction
The Velocity Ledger Holdings LTD website is maintained in the Bermuda. By accessing the Velocity Ledger Holdings LTD website, you consent to and authorize the export of Personally Identifiable Information to Bermuda and its storage and use as specified in this Privacy Notice.
This Privacy Notice was last updated on April, 6th 2019.