Privacy Policy

Updated: 20.09.2024

1. Introduction

This Privacy Policy describes how the LasloBit Service (“we,” “our,” or “us”) collects, uses, stores, and protects the personal information of users (“you,” “your”) of our service.

2. Definitions

Personal Information: Any information relating to an identified or identifiable individual.
Services: The token exchange services provided by our Service.

3. Information Collection

3.1. We may collect the following information:

Personal Data: Name, email address, phone number, residential address.

Identification Documents: Passport details, driver’s license, or other identity verification documents.

Financial Information: Bank account details, credit/debit card information.

Technical Data: IP address, browser type, operating systеm, website visit data.

4. Methods of Information Collection

Directly from You: Through registration forms, verification processes, and other direct interactions.

Automatically: Via cookies and similar technologies when you use the website.

From Third Parties: Partner services for identity verification and fraud prevention.

5. Use of Information

5.1. The collected information may be used to:

Provide and maintain our services.

Verify your identity and comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements.

Improve the functionality and security of our Service.

Communicate with you regarding updates, notifications, and marketing materials (with your consent).

Comply with legal and regulatory requirements.

6. Storage and Protection of Information

6.1. Retention Period:

Personal Data: We retain your personal data for the entire period of your use of our services and up to 5 years after you cease using them, in accordance with anti-money laundering and counter-terrorism financing laws.
Identification Documents: Identity verification documents are stored for 5 years after the end of our relationship, as required by law.
Financial Information: Transaction and payment data are retained for 5 years for accounting and tax reporting purposes.
Technical Data: Log files and other technical data are stored for 1 year to ensure systеm security and analysis.
6.2. Security Measures:

We implement appropriate technical and organizational measures to protect your information from unauthorized access, alteration, disclosure, or destruction.

7. Sharing Information with Third Parties

7.1. We may share your personal data with:

Affiliated and Associated Entities of the Service.

Banking Partners and/or Payment Processing Providers: For payment processing services.

Services with which we Merge or that we Acquire: In such cases, we will require the new combined entity to adhere to this Privacy Policy concerning your personal data. If your personal data will be used contrary to this policy, you will receive prior notice and have the opportunity to opt out of such use.

In Other Cases as Provided by Applicable Law.

7.2. The Company will not sell or allow third parties to use your personal data for their personal marketing purposes and is committed to sharing your personal data with third parties only as described in this Policy.

8. Cookies and Similar Technologies

8.1. We use cookies to enhance user experience, analyze traffic, and personalize content. You can adjust your browser settings to refuse cookies, but this may affect the functionality of the website.

9. User Rights

9.1. In connection with providing your personal information, the Company guarantees your rights regarding personal data, in particular:

The right to request the Company to updаte and correct incomplete, incorrect, or outdated information.
Other actions within the requirements of information protection legislation.
9.2. During data processing, you have the right to limit the processing of your personal data as provided by current legislation. However, according to our legitimate interests, we may continue to process your data within a reasonable balance between your interests and those of the Company, as well as in the manner provided by current legislation.

9.3. The data subject has the right at any time, without explanation, to withdraw the consent given by them and demand the cessation of data processing or/and the destruction of processed data. In this case, the Company undertakes, in accordance with the data subject’s request, to block the User’s Account and cease data processing or/and destroy the processed data within 5 days after the application is submitted, unless there is another basis for data processing.

9.4. The provisions of clause 9.3 do not apply to personal data related to completed transactions and personal data collected by the Company for the purposes of complying with anti-money laundering and counter-terrorism financing legislation. In this case, the Company has the right to retain such personal data and use it as provided in clause 5.1 of this Policy, as well as other Company Policies.

10. Changes to the Privacy Policy

We reserve the right to updаte this Policy at any time. Changes take effect upon posting on the website. We recommend regularly reviewing the Policy for updates.

If you have any questions or requests regarding this Privacy Policy, please contact us at: oksupport@laslobit.cc