HIT Solutions Inc. (hereinafter "The Provider" or "HitBTC") provides exchange services related to virtual currencies under the registered trademark "HitBTC" (domain name: http://www.hitbtc.com) as a business service provider.
Any individual who opens an account with HitBTC understands and accepts that virtual currencies do not have legal tender and have no shape or form of protection or regulation by any governmental body. The value of these virtual currencies is highly volatile and speculative, extending the possibility of total loss.
Virtual currencies may be susceptible to bubbles, speculative movements, and loss of confidence which could lead to sharp changes in their market value. The Provider and the Platform do not guarantee any form of protection from any losses independently of their cause, and act solely as an intermediary bringing together buyers and sellers.
Owning a virtual currency does not translate into a right of converting it into a national currency. There is no guarantee this will always be possible. Users understand that there is no notion of fair market price for virtual currencies. We recommend users to assess their financial situation carefully before engaging into any trading activity involving virtual currencies.
HitBTC accepts deposits and provides withdrawals in any of the following currencies. However, HitBTC reserves the right to reject any deposits and suspend withdrawals which its compliance and risk management service provider has decided to be the result of detecting of suspicious activity such as money-laundering, criminal activity or any other infringement of its compliance guidelines.
HitBTC follows all the rules and regulations set out by the FATF and the financial authorities where its service is provided along with its compliance procedures.
It will therefore reject all deposits originating from jurisdictions that have strategic AML/CFT deficiencies and to which counter-measures apply and jurisdictions with strategic AML/CFT deficiencies that have not made sufficient progress in addressing the deficiencies or have not committed to an action plan developed with the FATF to address the deficiencies.