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You should read these Terms of Use carefully. By visiting this website, creating a Testnet account or account, using the mobile application or API and/or accessing or using the Services, you agree to be legally and unconditionally bound by these Terms of Use. If you have any questions about these Terms of Use, please contact Support. 33.1. If you have any questions or would like to contact us, including in relation to a complaint you wish to make, please email us at support@bitmex.com or contact us via the web form here. By the time Dwyer moved to Bermuda, BitMEX was a big deal on the cryptocurrency scene. The difference with other exchanges was to offer its members the opportunity to bet on the prices of cryptocurrencies without owning cryptocurrencies themselves. This included the sale of high-risk derivatives that are illegal to sell to Americans. Disclaimer: This is for general information purposes only. The information presented does not constitute legal advice.

ComplyAdvantage assumes no responsibility for the information contained in this document and disclaims all responsibility with respect to the content or for any action taken on the basis of such information. “Dwyer supported and facilitated BitMEX`s failure to introduce AML (Anti-Money Laundering) or Know Your Customer (KYC) programs, although it closely followed regulatory developments in the U.S. that clearly indicated the legal obligation to do so when BitMEX was operating in the U.S., which it did. DWYER has supported and supported BitMEX`s failure to implement AML or KYC programs, although it has closely followed regulatory developments in the United States that have clearly indicated the legal obligation to do so when BitMEX was operating in the United States, which it has done. DWYER knew that BitMEX`s alleged withdrawal from the U.S. market after or around September 2015 was a deception and that the so-called “controls” bitMEX had put in place to prevent the U.S. Trading was an inefficient façade that did not prevent users from accessing or trading BitMEX from the United States. In addition to its other obligations at BitMEX, DWYER collected and disseminated data proving that BitMEX users included traders and that the company generated revenue in the United States. Cryptocurrencies, digital currencies, and cryptocurrency exchanges are legal in Australia, and the country has been progressive in implementing regulations on cryptocurrencies. In 2017, the Australian government stated that cryptocurrencies are legal and therefore subject to the Anti-Money Laundering and Terrorist Financing Act 2006 (AML/CTF 2006), Section 5 and related rules. Lawmakers have specifically stated that Bitcoin (and the cryptocurrencies that shared its properties) should be treated as property and subject to capital gains tax (CGT).

Cryptocurrencies were previously subject to controversial double taxation under the Australian Goods and Services Tax (GST): the change in tax treatment is indicative of the Australian government`s gradual approach to cryptocurrency. (d) The registered office or place of arbitration shall be London. means bitmex.com and its subdomains, any other websites operated or controlled by a member of the Group, and other websites that we may name from time to time. A federal judge has ordered the three co-founders of BitMEX to pay a total of $30 million for operating an illegal cryptocurrency derivatives platform and violating money laundering rules, the Commodity Futures Trading Commission (CFTC) said in a statement Thursday. 2.2. We do not act in any way as an agent, broker, advisor, trustee or trustee. These Terms of Use do not create a partnership, joint venture, joint venture or similar business relationship with you. None of the Services match and no communication or information provided to you will be construed as constituting investment or financial advice or will be construed as such. We have no obligation to provide you with legal, tax, accounting or other advice, and we will not do so.

You should exercise due diligence and, if necessary, consult an independent advisor. 15.3. If you ask us to notify us in writing in accordance with these Terms of Use, you must send the notice to support@bitmex.com or by submitting a web form here. We need to receive communications through these channels. Even if we offer live chat support and you communicate with our representatives, you should still send a notification to support@bitmex.com or via a web form. (c) are not intended to provide accounting, legal, tax or other advice and may not be used. 20.1. We may create links to third-party websites on our website or by providing services that are not affiliated with us or the group (although branding, advertising or links relating to our services may appear on those third-party websites) and we may send you electronic messages containing advertisements or promotions, including links to third parties. We make no representation as to the quality, suitability, functionality or legality of the material on third party websites linked to such websites or about the goods and services available on such websites. The material is provided solely for your interest and convenience. We do not monitor or investigate such third party websites and assume no responsibility for any loss arising from the content or accuracy of such material, and any opinion expressed in the material should not be construed as an endorsement, recommendation or opinion of any member of the Group.

For the avoidance of doubt, please note that information contained on third-party websites has not been included in these Terms of Use. BitMEX spokesman Taylor Bossung said the company was aware of the developments, but would not comment on legal issues that do not directly affect the company. 10.1. We will exercise due diligence when opening the account and from time to time thereafter in order to comply with our “know your customer” and other legal and regulatory obligations and requirements. You must provide any information or documentation required by us (“KYC Application”) and update such information in a timely manner. A non-exhaustive list of the information or documentation we need from you can be found here for individuals and here for companies. We have the right to change this list at any time in our sole and absolute discretion without notice. The U.S. District Court for the Southern District of New York ordered the platform`s founders — Arthur Hayes, Benjamin Delo and Samuel Reed — to each pay a $10 million fine in connection with the CFTC`s allegations that they illegally did business with U.S. customers.

The order followed the Resolution in February of a related Justice Department case in which the three pleaded guilty to violating the Bank Secrecy Act for operating the crypto-spot and derivatives trading platform without adequate anti-money laundering controls. 1.1. These Terms of Use apply to your (collectively, “you” or “your”) access to and use of our website(s) (including www.bitmex.com/ and its subdomains) and that of HDR Global Trading Limited (the “Company”), a company registered in the Republic of Seychelles with a business number of 148707 and the Group (collectively, “HDR”, “BitMEX”, “we”, “us” or “our”).