Geographical and Investor Restrictions
A. Global Restrictions (Applicable to All Products)
Restricted Jurisdictions: Services are not provided to countries/regions under comprehensive sanctions/embargoes (e.g., Cuba, Iran, North Korea, Syria, and Crimea/Donetsk/Luhansk regions of Ukraine). The strictest applicable regulatory list shall prevail in case of changes.
Restricted Entities: Individuals or entities listed on sanctions lists (UN/EU/UK/US, including SDN), export control, or anti-terrorism lists are prohibited from participation.
Circumvention and Anonymity: Use of VPNs, proxies, or anonymizing tools to bypass geoblocking or KYC/AML controls is prohibited. Upon detection, the platform may refuse, freeze, or revoke transactions and access.
B. Jurisdiction-Specific General Restrictions
United States: Except under exemptions, unregistered securities may not be offered or sold within the U.S. or to “U.S. persons” (Reg S); secondary resale is restricted.
EU/EEA: Offerings/sales only to qualified investors (Prospectus Regulation); retail investors are not the target market; distribution complies with MiFID II, etc.
United Kingdom: Promotion only to professional clients and specified licensed persons; general retail solicitation is prohibited.
Switzerland: Available only to professional clients/qualified investors; no public offering.
Singapore: Targeted at institutional/accredited investors; no retail distribution.
Hong Kong: Distributed only to professional investors; not considered a public offer.
Australia: Offered only to wholesale/professional clients; no retail offering.
Canada: Distributed under exemption frameworks to qualified/licensed investors; provincial secondary resale restrictions apply.
Japan/Mainland China: Offers or sales to local residents are prohibited without required registration or exemptions.
C. Eligibility and Transfer Controls
Participation limited to professional/qualified investors; completion of KYC/AML, suitability assessment, and jurisdictional compliance required.
Pre-transfer checks on eligibility, jurisdiction, limits, and holder type before secondary circulation; non-compliant instructions will be automatically rejected or reverted.
In case of conflicting or updated jurisdictional rules, the stricter rule applies; the platform dynamically adjusts serviceable regions and restriction lists.
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