1. General regulations
3. Rights and obligations
DAM provides a mediation service for the purchase and sale of virtual (crypto) currencies and converts immediately if all conditions for its realization are met, and payments and withdrawals within 24 hours every working day for amounts up to 3000 BAM, and for amounts over 3000 BAM within 5 working days. In the event that DAM is unable to complete the transaction within the prescribed period, it will notify the User in a timely manner. In the event that DAM is unable to execute the transaction, the amount paid by the User will be refunded in full, 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 settlement of the executed transaction.
The Intermediary is authorized to calculate and charge the commission and other costs in the case of sale from the amount received from the sale of crypto assets, i.e. in the case of a purchase order, the commission will be paid from funds paid by the client for the purpose of buying crypto assets.
Some parts of this website, such as part relating to the purchase and sale of crypto assets, require the User to register. If the registration is requested, the User is obliged to provide accurate and complete identification and other data, including scanned identification document, proof of residence address, bank account, data on the ownership structure of the legal entity User, etc. The responsibility of the User is to notify the DAM of data changes. Each registration is valid only for one individual User. The User is responsible for preventing unauthorized use of his/her account.
4. Limitation of liability
DAM shall not be liable for any loss of a virtual currency due to a poor security system on the site of a particular virtual currency, the User’s negligence or the virus. The User assumes full responsibility for the security of his account in any virtual currency.
Savings wallets are not owned and controlled by DAM but by our partner, so I will take into account that fact DAM bears no responsibility for the possible loss of cryptocurrency from the user's savings wallet.
All damages and eventual losses that would occur on the savings wallet are fully borne by the user.
All transactions are non-refundable. After the transaction has been executed, DAM is not responsible for anything that will happen later.
DAM shall not be liable for any errors in the transaction caused by the fact that the User has been provided with an incorrect account number.
Investing in Bitcoin or similar virtual assets presents a high risk investment and it can cause financial losses. Anyone who is engaged in this or any other activity in relation to virtual assets does it at his/her own risk and individually bears financial risks arising from these activities.
Also, DAM is not responsible for the legality, proper functioning or accuracy of the website contents.
The User releases DAM from liability for all damage resulting from 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 ABOUT THE RISKS OF CONDUCTING TRANSACTIONS WITH VIRTUAL CURRENCIES, AND IN PARTICULAR THAT:
- INVESTING IN ANY VIRTUAL CURRENCY IS A RISK AND MAY CAUSE FINANCIAL LOSSES IN THE FORM OF PARTIAL OR COMPLETE LOSS OF FUNDS OR OTHER ASSETS;
- ANYONE WHO ENGAGES IN THESE OR ANY OTHER ACTIVITIES RELATED TO VIRTUAL CURRENCIES, DOES SO AT THEIR OWN RISK AND INDEPENDENTLY BEARS THE FINANCIAL RISKS ARISING FROM THESE ACTIVITIES;
- TRANSACTIONS RELATED TO VIRTUAL CURRENCIES ARE NOT SUBJECT TO THE REGULATIONS GOVERNING DEPOSIT INSURANCE OR INVESTOR PROTECTION, AS WELL AS THE REGULATIONS GOVERNING THE PROTECTION OF FINANCIAL SERVICES USERS.
6. Intellectual property
DAM has all exclusive intellectual property rights on the website and its associated database. Any unauthorized use of the website, including the copying of content, design or any other element of the website, will be sanctioned by criminal and misdemeanor reports under urgent procedure.
The seal “DAM“ is the intellectual property of DAM and any unauthorized use is strictly forbidden.
7. Data protection
9. Final regulations
Banja Luka, June 7, 2022 yr., Version 1.2