Sure! Here’s the updated Terms and Conditions with the inclusion of the government law rule on cryptocurrencies in India:
Terms and Conditions
Effective Date: [24-07-2024]
Welcome to Crypto India. These Terms and Conditions (“Terms”) govern your access to and use of our website, mobile application, and any related services (collectively, the “Services”). By using our Services, you agree to comply with and be bound by these Terms.
1. Introduction
Crypto India (“we,” “us,” or “our”) is a cryptocurrency exchange based in India. By accessing or using our Services, you agree to be bound by these Terms, our Privacy Policy, and any other policies referenced herein. If you do not agree to these Terms, please do not use our Services.
2. Eligibility
To use our Services, you must be at least 18 years old and have the legal capacity to enter into a binding agreement. By using our Services, you represent and warrant that you meet these eligibility requirements.
3. Account Registration
To access certain features of our Services, you must create an account. When registering for an account, you agree to:
- Provide accurate, current, and complete information.
- Maintain and promptly update your account information.
- Keep your password secure and confidential.
- Notify us immediately of any unauthorized use of your account.
You are responsible for all activities that occur under your account.
4. Use of Services
You agree to use our Services only for lawful purposes and in accordance with these Terms. You agree not to:
- Use our Services for any illegal or unauthorized purpose.
- Interfere with or disrupt the integrity or performance of our Services.
- Attempt to gain unauthorized access to any part of our Services or related systems.
- Use our Services to engage in any form of fraudulent activity.
5. Transactions
All transactions conducted on our platform are subject to our transaction policies and procedures. You acknowledge that:
- Cryptocurrency transactions are irreversible once confirmed on the blockchain.
- The value of cryptocurrencies can be volatile and may fluctuate significantly.
- We do not provide investment advice, and you are solely responsible for your investment decisions.
- A flat tax rate of 30% will be applicable on all cryptocurrency gains as per government regulations.
6. Fees
We may charge fees for certain transactions or services. Our fee schedule is available on our website and may be updated from time to time. By using our Services, you agree to pay any applicable fees.
7. Intellectual Property
All content and materials available on our platform, including but not limited to text, graphics, logos, and software, are the property of Crypto India or its licensors and are protected by intellectual property laws. You agree not to:
- Copy, modify, or distribute any part of our Services without our prior written consent.
- Use our trademarks, logos, or other proprietary information without our permission.
8. Privacy
Your use of our Services is subject to our Privacy Policy, which describes how we collect, use, and protect your personal information. By using our Services, you consent to the collection and use of your information as described in our Privacy Policy.
9. Government Law and Compliance
Your use of our Services is subject to compliance with all applicable laws and regulations in India, including but not limited to:
- The Income Tax Act, 1961: All cryptocurrency gains are subject to a flat tax rate of 30%.
- The Prevention of Money Laundering Act, 2002 (PMLA): All users must comply with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. We reserve the right to report any suspicious activities to the relevant authorities.
- The Foreign Exchange Management Act, 1999 (FEMA): All transactions involving foreign exchange and cross-border payments must comply with FEMA regulations.
10. Disclaimers
Our Services are provided on an “as-is” and “as-available” basis. We make no warranties, express or implied, regarding the availability, reliability, or accuracy of our Services. We disclaim all warranties, including but not limited to merchantability, fitness for a particular purpose, and non-infringement.
11. Limitation of Liability
To the fullest extent permitted by law, Crypto India and its affiliates, officers, directors, employees, and agents shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising out of or related to your use of our Services. Our total liability to you for any claim arising out of or related to these Terms or our Services shall not exceed the amount you paid to us for the use of our Services.
12. Indemnification
You agree to indemnify, defend, and hold harmless Crypto India and its affiliates, officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses, including reasonable attorney’s fees, arising out of or related to your use of our Services, your violation of these Terms, or your violation of any rights of another.
13. Termination
We may terminate or suspend your access to our Services at any time, with or without cause, and without prior notice. Upon termination, your right to use our Services will immediately cease. All provisions of these Terms that by their nature should survive termination shall survive, including ownership provisions, warranty disclaimers, indemnity, and limitations of liability.
14. Governing Law
These Terms shall be governed by and construed in accordance with the laws of India, without regard to its conflict of law principles. Any disputes arising out of or related to these Terms or our Services shall be subject to the exclusive jurisdiction of the courts of [Insert Jurisdiction].
15. Changes to These Terms
We may update these Terms from time to time to reflect changes in our practices or legal requirements. We will notify you of any significant changes by posting the updated Terms on our website and indicating the effective date. Your continued use of our Services after the effective date of any changes constitutes your acceptance of the updated Terms.
16. Contact Us
If you have any questions or concerns about these Terms or our Services, please contact us at:
Crypto India
Email: support@cryptoindia.com
Website: cryptoindia.in
Available on: App Store and Google Play Store
Please review these Terms periodically for any updates. Your continued use of our Services after the effective date of any changes constitutes your acceptance of the updated Terms.
Thank you for choosing Crypto India.
Feel free to customize the contact details, office address, and any other specific information related to your exchange.