These Terms and Conditions are the terms on which VelaFi offers services to its users. By accessing, registering, and using any of the services offered through the VelaFi platform, you acknowledge that you have read, understood, and fully accepted this Agreement, and you agree to comply with it directly and unconditionally.

If you do not agree with these Terms and Conditions, or with any future modifications, you should stop using VelaFi’s services. VelaFi reserves the right to cancel or restrict access to its services for any user who violates this Agreement or any applicable laws and regulations, in any jurisdiction.

Scope of Application These Terms and Conditions apply to all users who access the VelaFi platform, regardless of the country or jurisdiction from which the services are used. The use of the platform will be considered as implicit acceptance of this Agreement.

If the User has entered into another agreement with VelaFi for the provision of its services, that agreement shall prevail over these Terms and Conditions

Glossary

  1. VelaFi: Digital plataform that offers bullying and selling services of virtual assets, cross-border payments, pay-in and pay-out services.
  2. User: Individual or legal entities who use VelaFi's services.
  3. Virtual assets: representation of value that can be digitally traded or transferred.

Services

As part of VelaFi’s business purpose, the following services are included but not limited to:

  1. Purchase and Sale of Virtual Assets: VelaFi allows its users to acquire and sell virtual assets through its platform, without providing custody of user's founds.
  2. Cross-Border Payments: VelaFi facilitates the sending and receiving of funds across different countries, acting as an intermediary with payment networks, financial providers, and partner entities.
  3. Collection Services on Behalf of Others (COBO): VelaFi enables its corporate clients to receive payments from third parties through a favorable channel, under duly regulated structures.
  4. Payment Services on Behalf of Others (POBO): Upon the instruction and authorization of its users, VelaFi makes payments to third parties on behalf of its clients.

VelaFi reserves the right to modify, expand, or limit the services offered, in accordance with the applicable law where VelaFi operates.

Elegibility and Restrictions VelaFi’s services are not available to: