SpeedOTC Terms of Service

These terms will apply fully and affect your use of this website. Please read these terms of use ("Terms", "Terms of Use") carefully before using the website operated by SpeedOTC ("we" or "our") (the website is www.speedotc.io).

Your access to and use of the Service is conditioned on your acceptance of and compliance with these Terms. These Terms apply to all visitors, users, and others who access or use the Service.

By accessing or using the Service, you agree to be bound by these Terms. If you disagree with any part of the Terms, you may not access the Service.

Minors or people under 18 years old are not allowed to use this website.

Intellectual Property

All editorial content, information, photos, illustrations, artwork, and other graphic materials, as well as names, logos, and trademarks on this website, are protected by copyright law and/or other laws and/or international treaties and belong to us and/or our suppliers, as applicable. Unless expressly permitted by us and/or our suppliers (as applicable), these works, logos, graphics, sounds, or images may not be reproduced, replicated, forwarded, distributed, disseminated, sold, published, broadcast, or circulated in whole or in part.

No content on this website shall be interpreted as granting any license or right to use any trademark displayed on the website without our written permission, whether by implication, estoppel, or otherwise. Misuse of any trademarks or other content on this website is prohibited.

We will take legal action to protect our rights against any unauthorized use of our trademarks, names, or symbols. All rights not expressly granted herein are reserved. Other product and company names mentioned herein may also be trademarks of their respective owners.

You are granted a limited license only for the purpose of viewing the material contained on this website.

Restrictions

You are specifically restricted from the following actions:

SpeedOTC Ltd. may further restrict your access to any areas of this website at any time, at its sole discretion. Any user ID and password you may have for this website are confidential, and you must maintain confidentiality as well.

Your Content

Under these standard Terms and Conditions, “Your Content” refers to any audio, video, text, images, or other material you choose to display on this website. By displaying Your Content, you grant SpeedOTC Ltd. a non-exclusive, worldwide, irrevocable, sublicensable license to use, reproduce, adapt, publish, translate, and distribute it in any and all media.

Your Content must be created by your own and must not infringe upon any third party’s rights. SpeedOTC Ltd. reserves the right to remove any of Your Content from this website at any time without notice.

Links to Other Websites

Our services may contain links to third-party websites or services that are not owned or controlled by SpeedOTC. We have no control over, and assume no responsibility for, the content, privacy policies, or practices of any third-party websites or services. You further acknowledge and agree that SpeedOTC shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods, or services available on or through any such websites or services.

No Warranties

This website is provided “as is,” with all faults, and SpeedOTC Ltd. makes no express or implied representations or warranties of any kind related to this website or the materials contained on this website. Additionally, nothing contained on this website shall be construed as providing advice to you. While we may make reasonable efforts to provide accurate and up-to-date information on this website, we make no representations or warranties regarding its accuracy, timeliness, or completeness.

We do not guarantee that this website will always be available, uninterrupted, timely, secure, error-free, or free from computer viruses or other invasive or destructive code. We also do not guarantee that this website will not be affected by any acts of God or other force majeure events, including but not limited to the inability to obtain or the lack of necessary materials, equipment facilities, power, or telecommunications, the lack of telecommunications equipment or facilities, and the failure of information technology or telecommunications equipment or facilities.

Limitation of Liability


In no event shall SpeedOTC or any of its officers, directors, or employees be liable for any matter arising out of or in any way related to your use of this website, whether or not such liability is contractual.
SpeedOTC Limited, including its officers, directors, and employees, shall not be liable for any indirect, consequential, or special liability arising out of or in any way related to your use of this website.
We shall not be responsible for any direct, indirect, incidental, special, consequential, or punitive damages arising from your access to, use of, or inability to use, reliance upon, or download from this website, or any delays, inaccuracies, however caused, including but not limited to loss of business or profits, use, data, or other intangible losses, even if we have been advised of the possibility of such damages.
While we make efforts to ensure the security of our website/system, you acknowledge that all electronic data transmissions may be easily intercepted by others. We cannot and do not guarantee that data transmitted via this website or electronic mail transmitted to us will not be monitored or read by others.

Indemnification

You hereby indemnify SpeedOTC to the fullest extent. SpeedOTC Limited shall not be liable for any and/or all liabilities, costs, demands, causes of action, damages, and expenses incurred in any manner whatsoever as a result of your breach of any provision of these terms.

Severability

If any provision of these terms is found to be invalid under any applicable law, such provision shall be deleted without affecting the remaining provisions of these terms.

Changes to Terms

SpeedOTC Limited reserves the right to modify these terms at any time it deems appropriate, and by using this website, you should regularly review these terms. By continuing to use this website after any modifications to the terms, you signify your acceptance of the modified terms.

Rights or Obligations

SpeedOTC Limited may assign, transfer, or subcontract its rights or obligations under these terms without notice. However, you may not assign, transfer, or subcontract any of your rights or obligations under these terms.

Entire Agreement

These terms constitute the entire agreement between SpeedOTC Limited and you regarding the use of this website, superseding all prior agreements and understandings.

Applicable Law and Jurisdiction

This website may be accessed from all countries around the world where local technology permits. Due to varying laws in each country/region, by accessing this website, both you and we agree that the laws of the Republic of Singapore (excluding its conflict of law principles) shall govern all matters relating to these terms of use.
You accept and agree that any dispute or controversy arising from or in connection with these terms of use shall be subject to the exclusive jurisdiction of the courts of the Republic of Singapore.

Contact Us

If you have any concerns regarding these terms, please contact us.

Digital Payment Token Service Risk Disclosure

Risk Warning for Digital Payment Token Services

The Monetary Authority of Singapore (MAS) requires us to provide this risk warning to you as a customer of our Digital Payment Token (DPT) services.

Before You:

(a) Pay any amount or DPT to your DPT service provider; or

(b) Pay any amount or DPT to a third party under arrangements with your DPT service provider,

You should be aware of the following:

1. Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not guarantee that you will be able to recover all the money or DPT you paid to your DPT service provider or any third party if the business of your DPT service provider or the third party fails.

You should be aware that MAS does not supervise or regulate your DPT service provider for the provision of unregulated services. 1This includes any services related to trading digital payment token derivatives (such as futures).

2. If you are not familiar with DPT, you should not engage in transactions with DPT. This includes understanding how DPT is created and how the DPT you intend to trade is transferred or held by your DPT service provider.

3. 3.You should be aware that the value of DPT can be highly volatile. You should only purchase DPT if you are prepared to accept the risk of losing all the money you put into such tokens.

4. 4.You should be aware that your DPT service provider, as part of its licensed DPT services, may offer services related to DPT that are promoted as having a stable value, commonly referred to as "stablecoins".

Please refer to section 2.3.1 of the "Payment Services Act 2019 Guidelines" (available on the MAS website) for the types of payment services regulated under the Payment Services Act. Services that are not listed in section 2.3.1 are unregulated services.

[MAS Notice PSN08 (Amendment) 2024]