Damex Direct Global (Non-EEA)
Damex OTC + Damex Direct Schedule – For Clients globally except the EEA
Damex Direct (EEA)
IBAN / EMI Services
Modulr UK – For Clients in the UK / Gibraltar
Modulr EEA – For Clients in the EEA
These terms are to be considered as the terms and conditions that are applicable to your use of the Damex Direct portal application (“Damex Direct”) that powers both our crypto portal services and IBAN only services. Your use of services are governed by specific terms of service and the terms and entity providing your services will depend on your geographical location.
These terms and conditions govern the relationship between you and your use of Damex Direct, and set out the rights and obligations, as well as risk notices, of your use of Damex Direct and the Services which include but are not limited to digital asset receipt, withdrawal and exchange as well as fiat receipt, exchange and spending.
PLEASE READ THESE TERMS AND CONDITIONS (THE “TERMS”) CAREFULLY AND THOROUGHLY. IT IS ESSENTIAL THAT YOU UNDERSTAND THESE TERMS PRIOR TO ACCESSING OR USING OUR SERVICES (AS DEFINED HEREIN). WHEN OPENING THE DAMEX DIRECT APPLICATION, YOU ARE INVITED TO AGREE WITH THESE TERMS. BY CLICKING ACCEPT, OR BY ACCESSING OR USING OUR SERVICES, YOU AGREE TO BE BOUND BY THESE TERMS IN THEIR ENTIRETY AND ALL TERMS INCORPORATED BY REFERENCE.
DAMEX DOES NOT PROVIDE ADVICE ON THE LEGAL IMPLICATIONS OF ACCEPTING THESE TERMS.
These are our standard terms and conditions. If you have entered into bespoke terms with Damex, those terms and conditions will supersede any conflicting terms and conditions in these Terms and can be provided by your account manager on request.
If you are geographically resident and/or trading in a jurisdiction inside of the European Economic Area, services and products within Damex Direct are subject to services being provided to you by Damex.io UAB.
Digital Asset services within Damex Direct are subject to services being provided by Damex.io UAB, a company registered in Lithuania with registered number 306148560 and registered office at Žygimanto Liauksmino g. 3, Vilnius, Lithuania. Damex.io UAB is registered with the State Enterprise Centre of Registers and the Financial Crime Investigation Service of the Republic of Lithuania as a virtual currency exchange and virtual currency wallet provider. These services are governed by the Damex Direct EEA Terms of Service.
If you are geographically resident or incorporated in the European Economic Area, services and products relating to fiat payments are provided as follows. Damex.io UAB is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. if you are registered in the European Economic Area.
Digital Asset Management Limited, a company incorporated in Gibraltar with registered number 116618 and with registered office at Suite 1, Burns House, 19 Town Range, Gibraltar and place of business at Suite 2.4 & 2.5, Second Floor, Waterport Place, Gibraltar. Digital Asset Management Limited is also registered as a distributor/agent in Gibraltar and the United Kingdom of Modulr FS Limited, an authorised Electronic Money Issuer.
Digital Asset Management Limited is authorised and regulated by the Gibraltar Financial Services Commission as a Distributed Ledger Technology Provider offering custody solutions and broker/dealer services.
Damex.io UAB, a company registered in Lithuania with registered number 306148560 and registered office at Žygimanto Liauksminox g. 3, Vilnius, Lithuania. Damex.io UAB is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services.
Your IBAN account and related payment services outside of OTC services are provided by Modulr FS Limited, if you are registered in the UK, and by Modulr Finance B.V., if you are registered in the EU. Whilst Electronic Money products are not covered by the Financial Services Compensation Scheme (FSCS) your funds will be held in one or more segregated accounts and safeguarded in line with the Electronic Money Regulations 2011 (in the UK) and the Dutch Financial Supervision Act (Wet op het Financieel Toezicht, Wft) (in the EU). Click here to find out assets are safeguarded in the EU and safeguarded in the UK.
Digital Asset Management Limited and Damex.io UAB shall each be referred throughout these terms and conditions as “Damex”, “Damex.io”, “us”, “we”, “our” or “ourselves” and the terms of your relationship with each entity shall depend on the specific Services or products you use within Damex Direct.
Purchasing and investing in Digital Assets is a high-risk activity which incurs risks which are not inherent in managing traditional financial instruments and other assets. The value of digital assets, other digital assets or fiat currencies is not indicative of future performance.
Digital Asset Management Limited is a Company registered in Gibraltar with registration number 116618, with registered business names and trading as ‘Damex’ and ‘Damex.io’. Damex is authorised by the Gibraltar Financial Services Commission (Licence Number 24738) as a Distributed Ledger Provider to provide custody solutions and broker/dealer services under the Financial Services Act. These services are separate and unrelated to the account and payment services you receive from Modulr FS Ltd. Digital Asset Management Limited is a registered EMD agent of Modulr FS Limited, a company registered in England and Wales with company number 09897919, which is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr FS Limited. Your card is issued by Modulr FS Limited pursuant to a license by Visa Europe. Visa and the Visa brand mark are registered trademarks of Visa Europe.
Damex.io UAB is a joint stock company registered in the Republic of Lithuania (under company number 306148560), with registered address at Žygimanto Liauksmino str. 3, Vilnius, Lithuania and is registered by the State Enterprise Centre of Registers of the Republic of Lithuania as a provider of virtual currency exchange and virtual currency wallet provider. These services are separate and unrelated to the account and payment services you receive from Modulr Finance B.V . Damex.io UAB is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your card is issued by Modulr Finance B.V. pursuant to a license by Visa Europe. Visa and the Visa brand mark are registered trademarks of Visa Europe.
Your account and related payment services are provided by Modulr FS Limited, if you are registered in the UK, and by Modulr Finance B.V., if you are registered in the EU. Whilst Electronic Money products are not covered by the Financial Services Compensation Scheme (FSCS) your funds will be held in one or more segregated accounts and safeguarded in line with the Electronic Money Regulations 2011 (in the UK) and the Dutch Financial Supervision Act (Wet op het Financieel Toezicht, Wft) (in the EU). Click here to find out assets are safeguarded in the EU and safeguarded in the UK.
The Damex application is presently undergoing testing and regulatory registrations in various jurisdictions. As a result, full public release and features of the application in your jurisdiction is subject to Damex’s permissions and authorisations.
Please also see our Risk Notice for further information.
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Secure, compliant, and scalable crypto payment solutions for VASPs.
Reliable, secure, and regulatory-compliant crypto payment solutions for high-risk industries.
Find out more about Damex.
Founded by Sam Buxton and Thomas Johnson, Damex evolved from crypto custodial solutions to a global fintech powerhouse, handling $2.5 billion in transactions
We are dynamic, we are progressive, we are united.
We are dedicated to simplifying ownership and management of Digital Assets.
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