Draft. These sections are structural placeholders and must be reviewed and replaced by CoinKite Labs Pvt Ltd's legal counsel.
Terms of service
These terms govern access to services provided by CoinKite Labs Pvt Ltd ("CoinKite"). Services are available only to entities and professional clients that complete onboarding and are approved by CoinKite. Specific products are governed by separate product agreements, including the master trading agreement, custody agreement and credit agreement.
Privacy policy
CoinKite collects identity, business and transaction information to provide services and meet obligations under the Prevention of Money-laundering Act, 2002 and its rules. Personal data is processed in accordance with the Digital Personal Data Protection Act, 2023. We do not sell personal data.
Risk disclosure
- Virtual digital assets are unregulated in India and can be highly volatile. You may lose all of the capital you invest.
- There may be no regulatory recourse for losses from VDA transactions.
- Leverage, margin and derivatives magnify losses as well as gains.
- Yields and structured product returns are not guaranteed.
- Gains are taxed at 30% under Section 115BBH, losses cannot be set off against other income, and TDS of 1% applies under Section 194S.
AML & KYC policy
CoinKite Labs has applied to FIU-IND for registration as a reporting entity, and the application is in progress. Its AML programme is designed to meet reporting-entity obligations: client due diligence, beneficial-ownership identification, ongoing monitoring, sanctions screening, record-keeping, and reporting of suspicious transactions to FIU-IND once registration is granted.
Grievance redressal
Grievance Officer: [Name], [email protected], [Registered office address], India. We acknowledge complaints within 48 hours and aim to resolve them within 15 working days.