Hotcoin is committed to putting users first and strives to provide a secure, fair, transparent, and efficient environment for blockchain-based digital asset trading. We offer global users a one-stop platform for crypto asset services, including spot trading, P2P trading, derivatives trading, and earn/lending products.
The following statement is hereby issued:
Article 1
Users shall comply with all applicable laws and regulations related to anti-money laundering (AML), foreign exchange control, and counter-terrorist financing (CTF) in their respective countries or regions, and use the Platform’s services only within the scope permitted by local laws.
Where stricter regulatory requirements apply in a user’s jurisdiction, such requirements shall prevail.
If you are located in a jurisdiction where digital asset trading is explicitly prohibited, or if you are subject to applicable sanctions, you must immediately cease using the Platform’s P2P services.
Article 2
Hotcoin strictly prohibits any use of its P2P services for illegal activities, including but not limited to money laundering, smuggling, commercial bribery, and illegal currency exchange. The Platform will implement robust risk control measures to the fullest extent possible to protect users’ legitimate rights and interests.
If any suspected illegal transactions or unlawful activities are identified, the Platform reserves the right to take actions including, but not limited to, account freezing, transaction restrictions, and reporting to relevant regulatory or law enforcement authorities. The Platform shall not be liable for any consequences arising from the enforcement of such measures and reserves the right to pursue legal action against users involved in unlawful activities.
To avoid involvement in illegal activities, users are advised to observe the following:
-
Do not lend, transfer, or share your account with others;
-
Do not rent or lend your personal identification information;
-
Do not share sensitive information such as account credentials, bank cards, passbooks, or passwords;
-
Cooperate with the Platform’s identity verification procedures;
-
Use only secure and reliable third-party financial institutions for payments.
Article 3
Where regulatory authorities or law enforcement agencies present valid legal documentation and request the Platform’s cooperation in investigations or the restriction of specific user funds, the Platform will verify the authenticity and validity of such documentation and comply with lawful requests accordingly.
The Platform shall not be liable for any losses resulting from such cooperation, including but not limited to disclosure of user information, account restrictions, or inability to access account functions.
Note: In accordance with applicable laws and regulations, we may collect and use your personal information without your consent under the following circumstances:
(1) Where it is directly related to national security or national defense security;
(2) Where it is directly related to public safety, public health, or significant public interest;
(3) Where it is directly related to criminal investigations, prosecutions, trials, or enforcement of judgments;
(4) Where it is necessary to protect your or others’ life, property, or other significant legal rights, and obtaining consent is impracticable;
(5) Where the personal information has been voluntarily disclosed by you to the public;
(6) Where the personal information is collected from legally publicly disclosed sources, such as news reports or government publications;
(7) Where it is necessary for the conclusion and performance of a contract at your request;
(8) Where it is necessary to maintain the safe and stable operation of the services, such as identifying or handling system failures;
(9) Other circumstances as required by laws and regulations.
Article 4
All users should be fully aware before engaging in any transactions that digital assets are not issued or guaranteed by any government or central bank, and their prices are subject to significant volatility. Holding or using digital assets involves a high level of risk.
Before making any investment decision, you should carefully assess your financial situation and determine whether such transactions are suitable for you.
Article 5
Any person who accesses the Platform, or uses its services directly or indirectly in any manner, shall be deemed to have fully understood and voluntarily accepted this Statement and all its terms.
