BCX is a trading platform where BCX users can trade virtual currencies for convertible marks and other currencies. Virtual currency is a digital internet product where BCX is not a party to any trade. BCX does not sell or buy virtual currency in exchange for any currency, but only executes and processes orders on behalf of the user.

These terms of use establish the conditions under which Digital Asset Management d.o.o. Banja Luka, a company registered in Banja Luka, Republika Srpska, Bosnia and Herzegovina and its branches (hereinafter referred to as "DAM"), offers you the possibility of using the BCX website at https://bcx.ba/ and accessing the BCX trading platform. Opening an order on BCX represents the acceptance of these Terms of Use by the user of the website ("User") and the User's confirmation that he is of legal age and capable of doing business. Every User of the website who has accepted the Terms of Use published by the website, the company Digital Asset Management d.o.o. Banja Luka gets a non-exclusive, non-transferable, limited right to use the website.

These Terms of Business determine the mutual rights and obligations of the parties involved in mediation in the purchase and sale of virtual currencies at the behest of the User in accordance with the Law on Prevention of Money Laundering and Financing of Terrorist Activities ("Official Gazette of BiH", No. 13/24), the Law on to the securities market ("Official Gazette of RS", no. 92/06, 34/09, 8/12 - US decision, 30/12, 59/13, 86/13 - US decision, 108/13, 4/17 , 63/21, 11/22 and 63/22), the Law on Protection of Personal Data ("Official Gazette of BiH", no. 49/06, 76/11 and 89/11) and other competent laws. 

DAM provides an intermediary service when buying and selling virtual currencies and executes transactions within three working days of receiving payment. In case that DAM is not able to complete the transaction within the stipulated period, it will inform the User in a timely manner. In case that DAM is unable to complete the transaction, the amount paid by the User will be fully refunded, in the currency in which the payment was made. After the execution of the transaction, the Intermediary will electronically deliver to the User a notification with the calculation of the executed transaction. Payments are made according to the order of the User. For amounts up to 3000 BAM, it is done every working day within 24 hours. For amounts over 3000 BAM within five working days. 

The intermediary is authorized to calculate and collect the commission and other costs in the case of a sales transaction from the amount obtained from the sale of virtual currencies, or in the case of a purchase order from the funds paid by the client for the purpose of purchasing virtual currencies. 

Certain parts of this website, such as the part related to the purchase and sale of virtual currencies, require the User to register. If registration is requested, the User agrees to provide accurate and complete identification and other data, including a scanned identification document, proof of residential address, bank account, information on the ownership structure of the User's legal entity etc. It is the User's responsibility to notify DAM of data changes within eight days. Each registration is valid only for one individual User. The user is responsible for preventing unauthorized use of his account. 

DAM reserves the right to unilaterally deny the right of use to any User without giving reasons, as well as to make changes to the Terms of Use without prior notification to the User. DAM reserves the right to check whether the User's virtual currency addresses are connected to TOR markets (black exchanges on the Dark Web) and to deny the User the right to use the website if it turns out that they are. Also, DAM reserves the right to check whether the User is on the list of persons under US, UK or EU sanctions and to deny the User the use of the website in case he is. In case of suspension or deletion of the User's order by DAM, all previously initiated transactions will be executed or the amount paid by the User will be fully refunded. Changes to the Terms of Use are published on the website and take effect immediately upon publication. The user undertakes not to use the website for illegal activities.

The User declares that he is familiar with and agrees with the Privacy Policy, the Intermediary's Price List, the regulations governing money laundering and the financing of terrorist activities, and with the fact that the execution of the transaction is associated with risk and that he is ready to assume the risks of possible abuse by third parties. 

DAM is not responsible for the possible loss of virtual currency that is a consequence of a bad protection system on the site itself for a specific virtual currency, the User's carelessness or a virus. The user assumes full responsibility for the security of his account in any virtual currency.

All transactions are non-refundable. Once the transaction has been completed, DAM bears no responsibility for anything that happens later.

DAM is not responsible for any errors during the transaction caused by the User submitting the wrong account number.

Also, DAM is not responsible for the legality, proper functioning or accuracy of the website's content.

The user releases DAM from responsibility for all damage caused by the use or inability to use the website. In any case, the maximum amount of damage for which DAM can be responsible is up to the amount of the company's basic capital.

5. Risks of conducting transactions with virtual currencies

DAM INFORMS USERS OF THE RISKS OF CONDUCTING TRANSACTIONS WITH VIRTUAL CURRENCIES, IN PARTICULAR THAT:
- INVESTMENT IN ANY VIRTUAL CURRENCY PRESENTS RISK AND MAY CAUSE FINANCIAL LOSSES IN THE FORM OF PARTIAL OR COMPLETE LOSS OF MONEY OR OTHER PROPERTY;
- ANYONE WHO ENGAGES IN THESE OR ANY OTHER ACTIVITIES RELATED TO VIRTUAL CURRENCIES DOES SO AT THEIR OWN RISK AND INDEPENDENTLY BEAR THE FINANCIAL RISKS ARISING FROM THOSE ACTIVITIES;
- REGULATIONS GOVERNING DEPOSIT INSURANCE OR INVESTOR PROTECTION, AS WELL AS REGULATIONS GOVERNING THE PROTECTION OF USERS OF FINANCIAL SERVICES, DO NOT APPLY TO TRANSACTIONS RELATED TO VIRTUAL CURRENCIES.

DAM has all exclusive intellectual property rights on the website and the associated database. DAM is the owner of the trademark "BCX BALKAN CRYPTO EXCHANGE" entered in the register of trademark applications under no. BAZ2022904A. Any unauthorized use of the website and trademark, including copying of content, design or any other element of the website and trademark, will be sanctioned by criminal and misdemeanor charges under urgent procedure. 

The "DAM" seal is the intellectual property of DAM and any unauthorized use is strictly prohibited.

DAM processes information about Users collected during the registration process in accordance with the Law on Protection of Personal Data ("Official Gazette of BiH", no. 49/06, 76/11 and 89/11). User data is used solely for the purpose of mediation in the purchase and sale of virtual assets, including Bitcoin and similar virtual currencies. Using the website and registering constitutes consent to the processing of User data in accordance with the Privacy Policy, which is an integral part of these Terms of Use.

The website may contain advertisements from third parties. Advertisers are responsible for the material published on the website. DAM will not be responsible for illegalities, errors or inaccuracies of advertisers, nor for the quality of advertised goods or services.

Partial or complete inapplicability or illegality of a certain provision of these Terms of Use will not affect the validity of other provisions that remain in force as a whole. 

These Terms of Use represent the entire agreement between DAM and the User and supersede all their previous agreements relating to the subject matter of these Terms of Use. 

To resolve any disputes that may arise in connection with the Terms of Use, the parties will try to resolve them amicably, otherwise they will recognize the jurisdiction of the competent court in Banja Luka with the application of the laws of the Republic of Srpska and Bosnia and Herzegovina.


Banja Luka, August 22, 2024 yr., Version 1.5