Effective as of 1st Day of July, Month, 2025
1. PURPOSE
This Trading Policy outlines the rules, standards, and procedures governing the trading of Virtual Digital Assets (VDAs) on the BitZup platform. It is designed to ensure fair, transparent, and compliant trading operations in accordance with the laws of Trinidad and Tobago, including AML/CFT obligations with global and international best practices. This policy shall be read with terms and conditions, user agreement, risk disclosure, AML/CFT and other entity policies.
2. SCOPE
This policy applies to all users of the BitZup platform, including individual traders, institutional clients, and any third parties interacting with the trading systems of BitZup
3. ELIGIBILITY TO TRADE
- Users must complete full KYC/AML verification prior to accessing trading services.
- Users from sanctioned countries or jurisdictions as per UN, OFAC, EU, and local Trinidad and Tobago regulations are prohibited.
- Users must be at least 18 years of age or the age of majority in their jurisdiction.
4. TRADING ACTIVITIES PERMITTED
- Spot Trading: Buy and sell VDAs directly on the platform.
- Crypto-to-Crypto Trading: Exchange between different digital assets.
5. TRANSACTION MONITORING AND SURVEILLANCE
- BitZup maintains a comprehensive transaction monitoring system to detect suspicious activities.
- Real-time alerts are configured to flag transactions indicative of money laundering, fraud, market manipulation, or other illicit activities.
- Trades may be reviewed, paused, or reported to the Financial Intelligence Unit (FIU) of Trinidad and Tobago where necessary.
6. PROHIBITED TRADING PRACTICES
Users are strictly prohibited from engaging in:
- Market Manipulation: Including wash trading, spoofing, layering, or pump-anddump schemes
- Insider Trading: Trading based on non-public, material information.
- Use of Automated Bots: Unless explicitly approved by BitZup under controlled parameters.
- Use of the Platform for Illicit Activities: Including money laundering, terrorism financing, fraud, or other criminal conduct.
7. FEES AND CHARGES
- Trading fees, withdrawal fees, and any applicable service charges will be clearly listed on the BitZup website or application.
- Fees are subject to change based on market conditions and regulatory requirements but will be communicated transparently to users.
8. RISK DISCLOSURE
- Users acknowledge that trading virtual digital assets involves significant risk, including the potential loss of all invested funds.
- Price volatility, liquidity issues, and regulatory changes may impact the value and usability of VDAs.
9. SANCTION SCREENING & RESTRICTED JURISDICTIONS
- BitZup conducts ongoing sanction screening of users and transactions.
- Access is restricted for users in jurisdictions subject to international sanctions, including but not limited to Iran, North Korea, Syria, and any other jurisdictions listed by the UN, OFAC, EU, and the Government of Trinidad and Tobago.
10. COMPLIANCE & REPORTING
- All trades are subject to compliance checks in line with the Proceeds of Crime Act, Anti-Terrorism Act, and FIU regulations in Trinidad and Tobago
- Suspicious transactions will be filed with the authorities where necessary.
11. DATA PROTECTION AND CONFIDENTIALITY
- BitZup ensures the confidentiality of all user data, subject to obligations under the Data Protection Act of Trinidad and Tobago.
- User trading data may be disclosed to regulatory authorities as required by law.
12. AMENDMENTS
- BitZup reserves the right to update or amend this Trading Policy at any time to reflect regulatory changes or operational improvements. Users will be notified of significant changes.
13. GOVERNING LAW
- This Trading Policy is governed by the laws of the Republic of Trinidad and Tobago, and any disputes arising under this policy shall be subject to the jurisdiction of the courts of Trinidad and Tobago.
14. ACCEPTANCE OF POLICY
- By using the BitZup platform, users acknowledge that they have read, understood, and agreed to be bound by this Trading Policy.
