TERMS AND CONDITIONS FOR CRYPTOCURRENCY MINING ON BMV

These Terms and Conditions (“Terms”) will serve as a basis of your investment relationship with Financial Markets. By choosing to open an account with a mining platform, you agree to the terms and conditions contained herein and all future modifications to these terms. You also confirm that you have provided us with the accurate and complete information required to create your account and that you have supplied all documentation, photographs and information that allow platform to comply with regulatory obligations.

If you do not agree to these terms and conditions, please do not proceed and exit the website immediately. Also, please be informed that we can terminate your relationship with the platform without incurring any liabilities, if it is believed that you have violated any of these terms.

    Definitions

  • 1.1.Investing cryptocurrency means putting down money in cryptocurrency for savings which passively earns daily dividends, either a long or short term investment duration.
  • 1.2.A Portfolio Dashboard consolidates various graphical reports, charts, and views as well as a range of key performance indicators to help track and measure project health, project progress, and budget information
  • 1.3.Portfolio Balance means your total investment equity in your wallet account
  • 1.4.Deposit Period means the fixed period of time which you are required to make a mandatory payment.
  • 1.5.Retirement account allows you to save money for retirement in a tax-advantaged way. An IRA is an account set up at a financial institution that allows an individual to save for retirement with tax-free growth or on a tax-deferred basis.

Opening an Account

You can open a mining account with BVM on the condition that you are at least 18 years old; meet the KYC requirements stipulated by the platform, including but not limited to the provision of an active phone number, front and back photo of a valid ID card. We do not knowingly engage with people who don’t meet these conditions. When you choose to open a mining accident, you agree to us using your information to allocate daily profits and receive payments on your behalf through your account. If you would like us to stop doing this, we would have to close your account.

Earning And Interests

1.With Saving Products, you may deposit money (Investment Amount) to the Savings Account and earn interests on the Investment Amount.

2.Interest rate might vary according to the amount you invest, the deposit period, and the investment plan you choose. The exact rate would be displayed on the investment plan page on BMV website.

3.The interest we offer to you shall be in compliance with applicable laws and regulations and this may vary in accordance with the requirements of applicable laws and regulations. You hereby indemnify and hold us harmless where any change in the laws and regulations results in the decrease of the interests you receive and acknowledge that we shall not be obligated to compensate for it.

Withdrawals

1.By using our cryptocurrency mining platform you agree to deposit the Investment Amount for the Deposit Period. You acknowledge that you can only withdraw the Investment Amount and any interest on it after the Deposit Period. Investment plan must be up to Tier 2 before withdrawals can be initiated.

Tax

1.You fully understand that you shall pay for any taxes due on your interest earnings, including but not limited to Withholding Tax.

2.You will be responsible for paying, withholding, filing, and reporting all taxes, duties, and other governmental assessments associated with your activity in connection with the Services, provided that we may, in our sole discretion, do any of the foregoing on your behalf or for ourselves.

Fraud, Money Laundering and Sanction:

You agree and acknowledge that where the funds in your bank savings account have been flagged as or are suspected of being fraudulent, proceeds of money laundering or sanctioned in nature, we may immediately suspend your account and retain the funds pending an investigation.

Mining Bots:

Automated mining trading, also known as algorithmic mining or black box minning,is the use of computer programs to execute mining automatically based on a set of predefined rules and parameters. These rules can be based on technical analysis, fundamental analysis, or a combination of both. Automated mining is commonly used in stock and commodity markets, but can also be used in other financial markets such as Cryptocurrencies and bonds. The goal of automated mining to remove human emotion and error from the mining process, and to execute mining faster and more efficiently than would be possible manually.

Privacy

Your use of the Investment Products signifies your continued consent to our privacy policy published and updated on our platform, which governs our collection and use of personal information that you supply to us.

No Liabilities

You acknowledge and agree that we are not be liable for any damages or losses you may incur from your use of, inability to use, or the performance of the Services. We will not be responsible to you for any direct, indirect, consequential, special, or punitive damages arising from any act or omission by us or any third party for whom we are responsible, whether arising in contract, tort, or statute, or if we close or suspend your account in accordance with these terms and conditions.

No Warranties

Whilst we make every reasonable attempt to provide the Services as described in these terms and conditions, WE OFFER THE SERVICES “AS IS” AND WITHOUT ANY WARRANTIES. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, BMV AND ITS THIRD-PARTY PROVIDERS MAKE NO WARRANTIES, EXPRESS OR IMPLIED ON THE SERVICES AND THE INVESTMENT PRODUCTS, INCLUDING BUT NOT LIMITED TO MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, PROFITABILITY, NON-INFRINGEMENT, AND SO ON. IF YOU ARE DISSATISFIED WITH THE SERVICES, OR ANY OF THESE TERMS AND CONDITIONS, YOU AGREE THAT YOUR SOLE REMEDY IS TO DISCONTINUE USAGE OF THE SERVICES, OR THE SAVING PRODUCT ACCORDINGLY.

Insurance

FDIC insurance on crypto covers deposit products offered by cryptocurrency mining platforms, such as crypto assets. It is Mandatory to insure your investment account before withdrawal, insurance charge is a fee calculated as 5% of your total profits realized on deposit period.