TERMS AND CONDITIONS

Use of this website means acceptance of the terms and conditions contained herein.

1. General Provisions

1.1. BLUERICO.se website (hereinafter referred to as "BLUERICO") is owned and operated by BLUERICO AB , a Swedish corporation having its registered address at Medborgarplatsen, 11 Stockholm, Sweden, registration number  559251-9408  (hereinafter referred to as “ BLUERICO”). BLUERICO is entitled to provide currency exchange and other financial services in accordance with the Act on Certain Financial Operations (Reporting Duty) (1996:1006).

1.2. BLUERICO provides two levels of services through BLUERICO (the “Services”); those that do not require prior registration and those that do require registration.

1.3. Registration includes a process of confirmation and acceptance of the terms and conditions herein (the “Terms”) between BLUERICOand the customer (referred to as the "Customer").

1.4. Services that require registration are hereinafter referred to as the "Registered Services".

1.5. By using any of the Services provided by BLUERICO, the Customer agrees to the Terms.  For the avoidance of doubt, any use of BLUERICO and the Services, is done so by the user with full knowledge and acceptance of the Terms.

2. Registration and Verification

2.1. In order to receive access to the Registered Services, Customer must register and create an account with  BLUERICO, and be verified by  BLUERICO. In order to meet the legal requirements concerning money laundering and terrorism financing prevention,  BLUERICO must obtain certain knowledge of its customers. In this regard,  BLUERICO has a legal obligation to check the identity of its customers, their ownership structure, as well as to, in certain instances, receive knowledge of the origin of funds and other assets. Therefore,  BLUERICOmay ask for information in relation to the Customer's identity and proof thereof and of the Customer's residence. If the Customer is a legal entity it will be required to provide the company's registration documents, its shareholding structure, and information on the individuals (and ultimate beneficial owners) who are in control of the legal entity.

2.2. All information and documentation obtained will be retained by  BLUERICO in accordance with the applicable legislation.  BLUERICO will adhere to applicable legislation on money laundering and terrorism financing prevention. Under such legislation  BLUERICO is required to disclose any suspicions of money laundering or terrorism financing to the relevant law enforcement authorities.   BLUERICO is not permitted to inform the Customer should such suspicion arise.

2.3. After registration, Customer will be notified by email about success or failure of the verification process. Customer is responsible for providing accurate and genuine data to  BLUERICO. Customer is responsible for keeping the password to the account and other account data confidential. Customer understands and agrees to notify  BLUERICOimmediately should they believe that, or become of aware that their account has been or is under risk of being compromised.

2.4. By accepting these Terms, Customer represents that any and all information provided to  BLUERICO is true and accurate. Any false or fraudulent information and/or use of the Services is prohibited, and will be reported to the relevant law enforcement authorities.

2.5. Should the Registered Services be made accessible on BLUERICO for unregistered Customers due to a technical malfunction or illegal action of a third party, such Customer shall treat all information obtained this way as confidential and inform  BLUERICO about such an incident. As all such information is the property of  BLUERICO, the Customer must be aware that it cannot be stored, published, copied or used in any unauthorized way.

3. Use of The Services

3.1. General

Customer agrees and warrants that they will not, and will not permit any third party to:

a.         alter, disassemble, decompile or reverse engineer any part of BLUERICO and/or the Services, unless explicitly permitted by mandatory law;

b.         distribute or reproduce all or any part of BLUERICO and/or the Services,

c.          use BLUERICO and/or the Services to transfer or upload files or other content that contains viruses, Trojans, corrupted data, malicious software or other               programs that may harm computers or other property;

d.         use BLUERICO and/or the Services to request or encourage other users to breach any provision of these Terms;

e.         abuse the BLUERICO and/or the Services or use it for any unlawful or unauthorized purpose.

3.2. Buying virtual currencies

3.2.1. Due to regulations concerning money laundering prevention and  BLUERICO internal polices, there are limits regarding the amount of transactions that can be performed using the Services, and how large such transactions can be. In this regard Customer agrees to comply with the limits as set out on BLUERICO from time to time.

3.2.2. Customer is provided with the possibility to buy virtual currencies using BLUERICO online service. In order to purchase virtual currencies on BLUERICO, Customer shall set up a wallet through BLUERICO (the “BLUERICO Wallet”).  The Customer BLUERICO Wallet will be only accessible through the Customer account.

3.2.3. Customers are responsible for maintaining the secrecy of their account password. BLUERICO recommends that Customers keep their email account updated on BLUERICO and never share their account password with any third party and make sure that their account password is too complex to guess (contains uppercase and lowercase letters, numbers and special characters).

3.2.4. Customers can only buy, sell and send virtual currencies on BLUERICO using their BLUERICO Wallets.

3.2.5. In the event of misuse or suspected misuse of the BLUERICO Wallet, Customer must immediately notify  BLUERICO through the BLUERICO support. On suspicion of abuse, BLUERICO can block an account and access to the associated BLUERICO Wallets. However, Customer assumes all liabilities arising from unauthorized access of their account and their BLUERICO Wallets.   BLUERICO recommends that Customer log out from BLUERICO if they are not using for any extended period.

3.3. Selling virtual currencies

3.3.1. Customers who want to use the bluerico selling function, when selling virtual currencies in exchange for USD or EURO, must create an account (in accordance with the Terms), and establish a BLUERICO Wallet(s).

3.3.2. Customers who wish to sell virtual currencies will be required to provide details regarding the origin of the funds and other assets.

3.3.3. In order to use the currency exchange service, Customer is required to nominate a bank account. Matching and verification of the bank account to Customer will be achieved by sending an amount less than one EURO to the nominated bank account.  The Customer must then confirm on  BLUERICO the amount transferred to verify the nominated bank account. If a bank account is not verified, no payment will take place. The procedure will repeat every time a Customer wants to use a new bank account which has not been used earlier. Currency exchange will only be carried out to bank accounts which has been verified in accordance with this paragraph.

3.3.4. Currency exchange is carried out in accordance with the trading exchange rate applicable (USD or EURO) at the time when BLUERICO acquired the relevant amount of virtual currencies in accordance with the Customer's selling order. This applies regardless of whether the exchange rate has varied up or down during any period of time that may have passed between the transmitting of virtual currencies to BLUERICO, and the payment of USD/EURO to the Customer. This also applies regardless of whether a delay of payment has occurred and if the delay has been caused by the Customer himself/herself or by BLUERICO, and regardless of the length of the time period.

3.4. Refunds

3.4.1. Sent virtual currency cannot be refunded if the order has been processed and executed. Refunding of regular currency can only be refunded if the order has not been processed.

3.5. Payment and price

3.5.1. Customer can pay for the purchase of virtual currency by such means as set out on BLUERICO.  BLUERICO may use third party services or EURONORDIC group companies to enable the Customer to make payments when using the Services. The Customer may be required to accept the conditions of a third party in order to perform such payment.  BLUERICO may transfer information provided by Customer through the use of the Services to any such third party in order to allow the third party to perform preliminary examinations of the information for the purpose of determining if Customer is qualified to use the services of such third party (including the history of Customer transactions on BLUERICO).

3.5.2. For all transactions, the Customer must have sufficient balance in their BLUERICO wallet(s) prior to executing the order.  Upon execution of the order, EURONORDIC will provide the pricing for the transaction based on current market/trading data for Customer approval.  Prior to this point, Customer may withdraw from the transaction.  For the transaction to be processed, Customer must approve the transaction on BLUERICO.   BLUERICO reserves the right to cancel a transaction at any time prior to Customer approval.

3.5.3. Customer may request a cancellation of a transaction after providing approval providing  BLUERICO has not completed processing the transaction. The Customer shall pay an administrative fee as set out on the BLUERICO for such cancellation.

3.5.4.  BLUERICO endeavours to process transactions and update the Customer BLUERICO Wallet(s) within a period of twenty-four (24) hours period.

3.5.5. In the case of transfers to a third party wallet, Customer is solely responsible for providing a correct wallet address to  BLUERICO .  BLUERICO cannot be deemed responsible for any loss and damage inflicted on Customer due to an invalid or incorrect wallet address provided by Customer.

4. Information on BLUERICO

4.1.  BLUERICO may provide certain information on BLUERICO concerning virtual currencies, market events and analysis, announcements regarding BLUERICO activities, reprints of third party articles (published with author consent or on free license basis), etc.

4.2. Further,  BLUERICO provides information on BLUERICO about exchange rates of virtual currency and  BLUERICO's own evaluation of exchange rates (used further in transactions performed through BLUERICO).  BLUERICO may also obtain such information from third parties.

4.3.  BLUERICO's own evaluation of exchange rates are calculated using its own methods.  BLUERICO may change these methods at any time.

4.4. Copies of  BLUERICO own publications can be further republished, copied and distributed. Such copies must clearly mention source of publication (BAC and/or BLUERICO), author (if indicated in original) and cannot be used to inflict any loss or damage to  BLUERICO, including but not limited to its reputation, goodwill, or give rise to any financial claims against  BLUERICO, etc. Republication of  BLUERICO evaluation of exchange rates of virtual currencies for comparative purposes requires prior consent of  BLUERICO . Any further republication or use of other information than expressly stated herein requires  BLUERICO prior consent.

4.5. Should Customer come across content that is not correct, offensive or against the Terms, Customer has an obligation to report this to BLUERICO at support@bluerico.comimmediately.  BLUERICO reserves the right to delete content at any time it deems necessary.  BLUERICO assumes no liability for any loss or damage due to decisions taken on the basis of any information published on BLUERICO.

5. Intellectual Property Rights

5.1. Customer agrees that BLUERICO and the Services contain content specifically provided by E BLUERICO or third parties and that such content may contain intellectual property rights.

5.2. Customer agrees to respect all intellectual property rights, including but not limited to copyright, trademarks, trade names (whether registered or not) contained or displayed on BLUERICO or which is in connection with the Services.

5.3. Customer may only use the content of BLUERICO for their own use of the Services and must not use the content of BLUERICO in breach of applicable law or these Terms. For the avoidance of doubt, Customer may use such content only for the purpose of using the Services.

5.4.  BLUERICO does not grant Customer any other license to use said intellectual property rights except as expressly set out in these Terms.

5.5. Customer agrees that the content published on BLUERICO may belong to third parties, and that  BLUERICO does not have control over such content. Therefore, Customer agrees that  BLUERICO shall not be held responsible for any such content provided by third parties and displayed on or contained in BLUERICO or the Services.

5.6. Republishing, copying, distribution or any other use limited by intellectual property laws of third party publications, unless otherwise stated, require contact with the respective author.

6. Disclaimer of Warranty

6.1. The Services and BLUERICO are provided "as is" and use of the Services and BLUERICO is solely Customer responsibility.  BLUERICO strives to provide the best available means of protection of its Services and to secure all data and funds belonging to Customer. However,  BLUERICO provides no warranty as to the availability or accuracy of BLUERICO or content available thereon.

6.2.  BLUERICO continuously improves and performs upgrades which may result in server outages.  BLUERICO may perform maintenance or changes to the Services at any time it sees fit. This may result in periods during which the Services may be temporarily unavailable.   BLUERICO will, to the extent that it is possible, announce such interruptions in advance on BLUERICO or other means. However,  BLUERICO is not required to do so and  BLUERICO is not responsible for any damages or losses resulting from any outages.

6.3. Should the Services be disabled  BLUERICO will, as soon as it will be possible, notify the Customer through all available means of communication about steps taken and the projected time and date when the Services are expected to be reinstated.

6.4. Should the Services be disabled for a period of time longer than seven (7) working days,  BLUERICO will consult Customer about the withdrawal of funds from unprocessed transactions.

7. Change of the Services or the Terms

7.1.  BLUERICO reserves the right, at its sole discretion, to change, add or remove parts of these Terms, at any time. Customers will be notified a month in advance through the email associated with their account. Customer has the right to terminate its account with effect on the date such changes come into effect.

7.2.  BLUERICO updates the exchange rates of crypto currencies available on BLUERICO, in certain time intervals determined by  BLUERICO .  BLUERICO reserves the right, at its sole discretion, to change these intervals at any time, suspend updates of these rates or remove them entirely, at any time.

7.3. Should any part of this Terms be held invalid or unenforceable that portion shall be construed consistent with applicable Swedish law. Remaining portions of this Terms shall remain in full force and effect.

8. Limitation of Liability

8.1. Customer is responsible for the activities performed under its own account on BLUERICO.  BLUERICO is not liable for any Customer content.

8.2. To the extent permitted under mandatory law,  BLUERICO shall not be liable to Customer or any third party for any direct damages, indirect damages or any other damages of any kind including but not limited to loss of profit, loss of income, loss of revenue, business interruption or goodwill losses arising out of or in connection with these Terms or the use or inability to use or access the Services or BLUERICO.  BLUERICO is not liable to Customers for any claims made by third parties towards them.

8.3.  BLUERICO assumes no liability for any third party products or services used in relation to the Services, including but not limited to the use of third party wallet services.

9. Indemnity

9.1. Customer is liable to  BLUERICO for any damages caused to  BLUERICO , or any third party, due to breach of these Terms, including but not limited to the misuse of BLUERICO and/or the Services. Furthermore, Customer agrees to indemnify  BLUERICO in relation to any claims, costs (including reasonable legal costs) damages, expenses, liabilities and losses incurred by  BLUERICO arising from any or in relation to Customer breach of these Terms.

10. Term

10.1. The agreement between  BLUERICO and Customer shall remain in effect until terminated. Either  BLUERICO or Customer may terminate such agreement by giving the other party 30 days' notice by email, as set out on BLUERICO.

10.2. Customer agrees to pay all fees for Services performed and expenses incurred prior to the termination of these Terms. Termination of the agreement between  BLUERICO and the Customer will terminate all additional obligations under these Terms.

10.3. All rights of  BLUERICO under these Terms shall survive the termination.

10.4. The account of Customer is blocked upon effective termination of the agreement.

11. Breach of Terms / Early Termination

11.1.  BLUERICO may terminate the agreement between  BLUERICO and Customer if Customer is in material breach or default of any of its obligations under these Terms or if Customer performs actions inflicting loss or damage to  BLUERICO.

11.2. Upon material breach of Customer,  BLUERICO reserves the right to investigate violations of these Terms and to take any relevant action, including but not limited to blocking of Customer's account, reporting suspected unlawful activity to law enforcement authorities in Sweden as well as to relevant authorities in the Customer's country of residence, regulatory institutions, disclosing any information necessary or appropriate to such entities relating to Customer profile, email addresses, the Customer's addresses and traffic information that these entities would require in their proceedings.

11.3. The account of Customer may further be blocked due to request of authorities entitled to issue such a request.

11.4. Blocking of the account of Customer can be lifted if the reasons for the blocking are no longer current or relevant.

12. Language

12.1. These Terms as well as information about the Services and these Terms are provided in English. All communication by  BLUERICO will be made in English or Swedish.

13. Dispute

13.1. These Terms shall be governed by the substantive laws of Sweden. Any dispute, claim or controversy arising out of these Terms shall be finally settled by the courts of Sweden.

13.2. Customers using the Services in their capacity as consumers may contact the National Board for Consumer Disputes (ARN) to have a dispute with  BLUERICO heard.

14. Cookie Policy

14.1. BLUERICO uses so-called "cookies" to enable certain features of BLUERICO.se and to create a better customer experience when visiting the site. This means that information can be transferred between different web pages, for example, when someone concludes agreement via the website or contacts  BLUERICO via the website. Cookies can also be used to track pages impressions in order to improve the design and the usability of the web site.  BLUERICO does not use cookies to record personal data about any of our visitors. Customers who do not accept the use of cookies, can change settings in their browser to automatically block them. This can, however, result in BLUERICO no longer working as intended and some functions may not be available.