Terms of Service
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Your Representations and Warranties
You represent and warrant to the Company as follows:
  • that, if you are an individual user, you are 18 years of age or older and that you have the capacity to contract under applicable Laws;
  • that, if you are registering to use MYKOBO on behalf of a legal entity, (i) such legal entity is duly organised and it's existence is valid under the applicable laws of the jurisdiction of its organisation; and (ii) you are duly authorized by such legal entity to act on its behalf;
  • that you understand the risks associated with using MYKOBO, that you are not prohibited or restricted from using MYKOBO and that you are not otherwise prohibited by applicable Laws from using MYKOBO;
  • that you will not use MYKOBO in order to conceal or disguise the origin or nature of proceeds of crime or terrorist financing, or blocked property, frozen assets, economic resources, or corruption related to any Person or Government Official under any applicable Laws, or to further any breach of applicable Money Laundering Laws or Terrorist Financing Laws, or to deal in any unlawful Virtual Currencies, Fiat, or proceeds thereof;
  • that you will not trade on MYKOBO with anything other than Fiat, funds, or Virtual Currencies that have been legally obtained by you and that belong to you;
  • that at your own cost and expense, comply with all Laws that relate to or affect the Services conducted under these Terms of Service, including but not limited to Money Laundering Laws or Terrorist Financing Laws and Economic Sanctions Laws;
  • that you consent to any and all tax and information reporting under Money Laundering Laws or Terrorist Financing Laws , Economic Sanctions Laws, or tax Laws, as the Company may reasonably determine;
  • that neither you nor any of your close associates shall use any Virtual Currency, Fiat, proceeds or funds subject to the Services of MYKOBO directly or indirectly (i) on behalf of or for the benefit of a Sanctioned Person or any Person subject to the jurisdiction of a Prohibited Jurisdiction, except where authorised under any Government Approval or not restricted by applicable Laws; (ii) in violation of or as prohibited, restricted, or penalized under applicable Economic Sanctions Laws; or (iii) in any way that would violate, be inconsistent with, penalised under, or cause the omission of filing of any report required under applicable Money Laundering Laws or Terrorist Financing Laws , or Economic Sanctions Laws;
  • that you have not (i) violated; (ii) been fined, debarred, sanctioned, bee the subject of Economic Sanctions-related restrictions, or otherwise penalised under; (iii) received any oral or written notice from any Government concerning actual or possible violation by you under; or (iv) received any other report that you are the subject or target of sanctions, restrictions, penalties, or enforcement action or investigation under, any applicable Laws, including Money Laundering Laws or Terrorist Financing Laws, or Economic Sanctions Laws;
  • that neither you nor any of your close assocites is: (i) itself or owned or controlled by a Sanctioned Person; (ii) involved in any transaction, transfer, or conduct, whether or not by using or receiving the Services from any Virtual Currency Wallet or Virtual Currency Address, that is likely to result in you or your close associates becoming a Sanctioned Person; or (iii) residing or domiciled in, or transferring Virtual Currency, Fiat, or funds to, from, or through any Virtual Currency Wallet, Virtual Currency Address, or other account in, a Prohibited Jurisdiction or Government or Government Official of a Prohibited Jurisdiction;
  • that neither you nor any of your close asociates has directly or indirectly offered, promised, given, or authorised any payment, or offered, promised, given, or authorised the giving of anything else of value, including any Virtual Currency, to a Government Official or individual employed by another entity in the private sector in violation of any applicable Laws;
  • that you will not falsify any Virtual Currency Wallet registration or administration details provided to MYKOBO;
  • that you will not falsify or materially omit any information or provide misleading or inaccurate information requested by MYKOBO in the course of, directly or indirectly relating to, or arising from your activities on MYKOBO or use of any Services, including at registration or during administration or other due diligence processes, and that if any information provided to MYKOBO becomes incorrect, you will promptly provide corrected information to MYKOBO;
  • that any instructions received or undertaken through your login credentials or from your authorised e-mail address on file with MYKOBO are deemed to be valid, binding, and conclusive, and that MYKOBO may act upon those instructions without any liability or responsibility attaching to it;
  • that you will fairly and promptly report all income associated with your activity on MYKOBO pursuant to applicable Laws and pay any and all taxes exigible thereon; and
  • that you will accurately and promptly inform MYKOBO if you know or have reason to know whether any of the foregoing representations or warranties no longer are correct or becomes incorrect.
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