Terms and Conditions

1. Introduction

These Terms and Conditions ("Terms") govern your use of the services provided by Liquid Current OTC Desk, a division operating under FSP License Number 53702, regulated by the Financial Sector Conduct Authority (FSCA) of South Africa. By accessing or using our services, you agree to be bound by these Terms.

2. Definitions

3. Services Provided

Liquid Current OTC Desk provides over-the-counter cryptocurrency trading services, facilitating the exchange between digital assets and fiat currencies. Our services include:

• •Cryptocurrency to fiat currency conversion
• •Fiat currency to cryptocurrency conversion
• •Cryptocurrency to cryptocurrency exchanges
• •Professional trading consultation and support

4. Eligibility and Registration

To use our services, you must:

• •Be at least 18 years of age
• •Have legal capacity to enter into binding agreements
• •Complete our KYC verification process
• •Provide accurate and complete information during registration
• •Comply with all applicable laws and regulations

5. Know Your Customer (KYC) Requirements

As a regulated financial service provider, we are required to implement comprehensive KYC procedures. All clients must provide:

• •Valid government-issued identification documents
• •Proof of residential address (not older than 3 months)
• •Source of funds declaration and supporting documentation
• •Selfie photograph with identification document

6. Trading Terms

7. Risk Disclosure

8. Liability and Disclaimers

We are a third-party service provider and are not responsible or liable for any projects, investments, or uses to which you apply your funds. You acknowledge that:

• •You conduct your own research and due diligence
• •Investment decisions are made at your own risk
• •We provide trading services only, not investment advice

9. Compliance and Regulatory

As an FSCA-regulated entity (FSP 53702), we maintain strict compliance with:

• •Financial Intelligence Centre Act (FICA)
• •Prevention of Organised Crime Act (POCA)
• •Financial Advisory and Intermediary Services Act (FAIS)
• •All applicable FSCA regulations and guidance

10. Privacy and Data Protection

We are committed to protecting your personal information in accordance with the Protection of Personal Information Act (POPIA) and other applicable privacy laws. Your information will be used solely for:

• •KYC and compliance verification
• •Transaction processing and settlement
• •Regulatory reporting requirements
• •Customer service and support

11. Transaction Procedures

12. Anti-Money Laundering (AML)

We maintain a comprehensive AML program including:

• •Enhanced due diligence for high-value transactions
• •Ongoing monitoring of client activities
• •Suspicious transaction reporting to the Financial Intelligence Centre
• •Regular review and update of AML procedures

13. Prohibited Activities

The following activities are strictly prohibited:

• •Money laundering or terrorist financing
• •Fraud, market manipulation, or illegal activities
• •Use of our services for sanctions evasion
• •Providing false or misleading information
• •Circumventing our compliance procedures

14. Limitation of Liability

To the maximum extent permitted by law, Liquid Current OTC Desk shall not be liable for:

• •Market volatility or price fluctuations
• •Third-party network delays or failures
• •Regulatory changes affecting digital asset trading
• •Client investment decisions or outcomes

15. Dispute Resolution

Any disputes arising from these Terms or our services shall be resolved through:

• •Good faith negotiation between parties
• •Mediation through recognized dispute resolution bodies
• •Arbitration under South African law if mediation fails
• •Final recourse to South African courts

16. Amendments

We reserve the right to modify these Terms at any time. Material changes will be communicated to clients with reasonable notice. Continued use of our services constitutes acceptance of amended Terms.

17. Governing Law

These Terms are governed by the laws of the Republic of South Africa. Any legal proceedings shall be subject to the exclusive jurisdiction of South African courts.

18. Contact Information