Any person who opens an account with WCE understand and agree that virtual currencies do not hold legal tender and do not have any shape and form of protection or regulation by any governmental body. The value of these virtual currencies is liable to change rapidly and unpredictably, extending the possibility of total loss.
Virtual currencies may be susceptible to bubbles, hypothetical changes which may results in distinct changes in their market value. The provider and the platform do not hold any responsible to perform any form of protection from any losses independently of their cause, and act merely as an intermediary bring together buyers and sellers.
Virtual currency in one or another form cannot be transferred into a national currency. There is no assurance this will always be possible. Users agree that there is no perception of fair market price for virtual currencies. We advise users to evaluate their financial situation thoroughly before signing up for any trading activity involving virtual currencies.
WCE accepts deposits and allows withdrawals in any of the following currencies. However, WCE reserves the right to decline any deposits and eliminate withdrawals which its compliance and risk management service provider has determined to be the repercussion of discovering of suspicious activity, for example, money-laundering, criminal activity or any other infraction of its compliance guidelines.
WCE conforms to all the rules and regulations set out by the FATF and the financial authorities where its service is provided along with its compliance procedures.
Thus, this may results in declination of all deposits originating from jurisdiction that have strategic AML/CFT deficiencies and to which counter-measures apply and jurisdiction with strategic AML/CFT deficiencies that have not made sufficient progress in addressing the deficiencies or have not committed to an action plan developed with the FATF to address the deficiencies.