BST Platform Policies

Privacy Policy

Your privacy is important to us. This Privacy Policy outlines how we collect, use, and protect your personal data while using our platform.

Disclaimer: BST operates as a cross-border, utility-based platform, and is not responsible for ensuring compliance with the laws of every jurisdiction in which users reside. It is your responsibility to ensure compliance with the regulations of your local jurisdiction.

1. Information We Collect

We collect personal and financial data that you provide during registration, identity verification (KYC), and transaction processes.

2. Use of Information

We use your data to verify your identity, process transactions, and provide services. We also use data for security and fraud prevention measures.

3. Data Security

Your personal data is stored securely using encryption technology. We implement best practices to protect your data from unauthorized access.

4. User Rights

You have the right to access, correct, or delete your personal data at any time. To exercise these rights, please contact us directly.

5. Third-Party Sharing

We may share your information with third-party service providers for the purpose of providing services (e.g., KYC verification, payment processing). We ensure these third parties comply with data protection standards.

6. Data Retention

We retain your data for as long as necessary to provide our services and comply with regulatory requirements.

7. Changes to Privacy Policy

We may update this Privacy Policy periodically. All changes will be communicated to you via the platform or email.

KYC/AML Policy

This KYC/AML policy outlines how Blueshark Technologies (BST) ensures the prevention of money laundering, fraud, and terrorism financing. We follow all international and local regulations to maintain a secure platform for our users.

To comply with global anti-money laundering (AML) and Know Your Customer (KYC) standards, we require users to verify identity using government-issued ID, selfie, and address proof. We retain this data securely and only share it with regulators upon lawful request.

1. Objective

The goal of this policy is to verify the identity of our users, prevent illegal activities, and comply with applicable laws.

2. Customer Identification

Users are required to submit government-issued ID, proof of address, and a selfie for verification. We use biometric verification for added security.

3. Risk-Based Approach

We monitor all transactions and assess the risk based on the user’s profile and activities.

4. Enhanced Due Diligence (EDD)

High-risk users are subject to additional verification and documentation requirements.

5. Suspicious Activity Reporting

Any suspicious activity will be reported to relevant authorities in accordance with legal obligations.

6. Record Keeping

We retain all KYC data and transaction records for at least 5 years to comply with legal requirements.

7. Compliance with Global Sanctions

BST complies with international sanctions and prohibits transactions involving sanctioned individuals or countries.

8. User Responsibilities

Users must provide accurate information and comply with their local laws.

9. Monitoring and Updates

BST regularly monitors compliance and updates this policy as needed to meet regulatory standards.

10. Consequences of Non-Compliance

Failure to comply with KYC/AML requirements may result in account suspension or termination.

11. Prohibited Uses

12. Compliance Policy

BST actively avoids violating laws in jurisdictions it does not operate in. While users may access the platform from excluded countries through circumvention, BST disclaims all liability and does not intentionally provide services there.

13. Regulatory Disclosures

In Nigeria, BST does not operate as a licensed exchange or financial service. We partner with regulated entities (e.g., Quidax) where required. Users are responsible for understanding local laws.

14. Risk Policy

All digital asset services carry risk. You may lose access to rewards or balances due to market conditions, platform updates, or regulatory changes.

15. Privacy Policy

We collect user data only for account creation, service delivery, and legal compliance. Data is encrypted, never sold, and deleted upon request (except where legally required to retain).

16. Jurisdiction & Exclusion

We exclude access from sanctioned countries per OFAC and other regulators. List includes: NG, AF, PK, CU, IR, KP, SY, BY, RU, UA-43, UA-DP, UA-LG, VE, SD, SS, CF, SO, YE, LY.

17. Community Conduct

Users must not spam, scam, or harass others. We reserve the right to suspend accounts that violate fair use or policy guidelines.

18. Shares Policy

BST shares (utility access rights) do not represent a financial instrument or claim of equity. They are non-transferable, unless otherwise specified, and provide access to digital services or voting privileges on specific governance events.

19. Partnership Governance

All partnerships are governed by mutual agreements. Any revenue-sharing, branding, or resource access is conditional and does not convey joint ownership. BST reserves the right to end or renew partnerships based on performance or strategic direction.

20. Affiliate Program Compliance

Affiliate members must avoid deceptive practices, misleading claims, or exaggerated income projections. Violations may lead to suspension and forfeiture of rewards. All marketing must comply with applicable local laws.

21. Crypto-to-Fiat Provider Use

BST uses compliant APIs from licensed exchange providers to process fiat conversions. We require our partners to follow KYC/AML laws and may suspend fiat access if fraud or regulatory breaches are suspected.

22. P2P Safeguards

BST offers escrow and dispute resolution tools for P2P trading. Users are expected to act in good faith. Fraudulent behavior may result in permanent bans and legal action. All transactions must comply with platform rules and country-specific limitations.