The Information we process
We collect and process various categories of personal information at the start of, and for the duration of, your relationship with us. We will limit the collection and processing of information to information necessary to achieve one or more legitimate purposes as identified in this notice. Personal information may include:
- Basic personal information, including name and address, date of birth and contact details.
- Financial information, including account and transactional information and history.
- Goods and services we provide to you.
- Visual images and personal appearance (such as copies of passports or real-time biometric facial scans).
- Online profile and social media information and activity, based on your interaction with us and our websites and applications, including for example your login information, Internet Protocol (IP) address, smart device information, location coordinates, online and mobile app security authentication, mobile phone network information, searches, site visits and spending patterns.
We may also process certain special categories of information for specific and limited purposes, such as detecting and preventing financial crime or making our services accessible to customers. We will only process special categories of information where we’ve obtained your explicit consent or are otherwise lawfully permitted to do so (and then only for the particular purposes and activities set out in Schedule B for which the information is provided). This may include biometric information, relating to a person’s physical, physiological or behavioral characteristics, including, for example, fingerprint or facial recognition or similar technologies to help us prevent fraud and money laundering.
Where permitted by law, we may process information about criminal convictions or offences and alleged offences for specific and limited activities and purposes, such as to perform checks to prevent and detect crime and to comply with laws relating to money laundering, fraud, terrorist financing, bribery and corruption, and international sanctions. It may involve investigating and gathering intelligence on suspected financial crimes, fraud and threats and sharing data with taxation, law enforcement and regulatory bodies.
How we obtain information
Your information is made up of all the financial and personal information we collect and hold about you/your business and the proprietors, officers and beneficial owners of that business and your transactions.
It may include Information you give to us; information that we receive from third parties including other Positive Prime companies, third parties who provide services to you or us, credit references, fraud prevention or government agencies, and other financial institutions (where permitted by law); information that we learn about you through our relationship with you and the way you operate your accounts and/or services, such as the payments made to and from your accounts; information that we gather from the technology which you use to access our services (for example location data from your mobile phone, or an IP address or telephone number) and how you use it (for example pattern recognition); and information that we gather from publicly available sources, such as the press, the electoral register, company registers and online search engines.
Changes to the way we use your information
From time to time we may change the way we use your information. Where we believe you may not reasonably expect such a change we will notify you and will allow a period of at least 30 days for you to raise any objections before the change is made. However, please note that in some cases, if you do not agree to such changes it may not be possible for us to continue to operate your account and/or provide certain products and services to you.
Please read the following risk warnings carefully.
4.1. The trading and exchange of real or virtual currencies involve significant risk. Prices can and do fluctuate on any given day. Due to such price fluctuations, you may increase or lose value in your assets at any given moment. Any currency – virtual or not – may be subject to large movements in value and may even become worthless. There is an inherent risk that losses will occur as a result of buying, selling or exchanging any cryptocurrency.
4.2. Cryptocurrency exchanges also carry special risks not generally shared with official currencies or goods or commodities in a market. Unlike most currencies, which are backed by governments or other legal entities, or by commodities such as gold or silver, cryptocurrency is a unique type of currency, backed by technology and trust. There is no central bank that can take corrective measures to protect the value of cryptocurrency in a crisis, or issue more currency.
4.3. The price or value of cryptocurrency can rapidly increase or decrease at any time and may even fall to zero. The risk of loss in trading or holding cryptocurrencies can be substantial and can result in the loss of your entire exposure.
4.4. There may be additional risks that we have not foreseen or identified in these Cryptocurrency Terms or our other risk warnings.
4.5. You should carefully assess whether your financial situation and tolerance for risk are suitable for any form of exposure to cryptocurrencies.
4.6. The information on the Website is provided for information purposes only and is not intended to be and does not constitute financial advice or any other advice. It is general in nature and not specific to you and it has not and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment, nor is it a recommendation, endorsement, or sponsorship of any security, company, or fund. Positivity Club is not responsible for any investment decisions made by you. You are responsible for conducting your own research and before using Positivity Club’s information to make any decision, you should undertake your own due diligence and seek independent advice from an appropriately qualified third party.
The information provided on the Website or in any communication containing a link to the Website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject Positivity Club or its affiliates to any registration requirement within such jurisdiction or country.