Privacy and Policy

Data Privacy Policy for BFOX.AI

Effective Date: 17/12/2024

1. Introduction

BFOX.AI is committed to protecting the privacy of its users and complying with the General Data Protection Regulation (GDPR), Regulation (EU) 2016/679. This policy outlines how we collect, use, store, and protect personal data in the context of ICO investments and ensures transparency and compliance with applicable laws.

By using BFOX.AI, you agree to this Data Privacy Policy. 

2. Data We Collect

We collect and process the following categories of personal data:

  1. Personal Identification Information (PII):
    • Full name, date of birth, nationality.
  2. Contact Information:
    • Email address, phone number, mailing address.
  3. Verification Information (for KYC):
    • Government-issued ID, proof of address, and verification photos.
  4. Financial Information:
    • Cryptocurrency wallet addresses, transaction details, and payment records.
  5. Technical Data:
    • IP addresses, browser type, device information, and activity logs on BFOX.AI.

3. How We Use Your Data

We process personal data for the following purposes:

  1. To Provide ICO Services:
    • Facilitate investments, process payments, and distribute tokens.
  2. Compliance with Legal Obligations:
    • Conduct KYC (Know Your Customer) and AML (Anti-Money Laundering) verifications to prevent fraud and illegal activities.
  3. Communication:
    • Send transaction updates, system notifications, and relevant promotional offers.
  4. Platform Security and Maintenance:
    • Monitor user activity to detect and mitigate unauthorized access or misuse.

4. Legal Basis for Processing

We process your data under the following lawful bases as per GDPR:

  1. Contractual Necessity: To provide the services you requested.
  2. Legal Obligations: To comply with KYC/AML regulations and other legal requirements.
  3. Legitimate Interests: To improve platform performance, ensure security, and prevent fraudulent activities.
  4. Consent: For specific purposes, such as sending marketing communications (if applicable).

5. How We Protect Your Data

We implement industry-standard security measures to protect your personal data, including:

  • Encryption of sensitive data (e.g., payment and KYC information).
  • Access controls to limit data exposure.
  • Regular audits and updates to our security systems.

  • 6. Data Retention
  • We retain your personal data only as long as necessary for:
  • Fulfilling the purposes outlined in this policy.
  • Compliance with legal obligations (e.g., record-keeping requirements for financial transactions).
  • Resolving disputes and enforcing agreements.
  • Once the retention period ends, your data will be securely deleted or anonymized.

7. Your GDPR Rights

As a data subject under GDPR, you have the following rights:

  1. Right to Access: Request a copy of the personal data we hold about you.
  2. Right to Rectification: Correct any inaccurate or incomplete data.
  3. Right to Erasure ("Right to be Forgotten"): Request deletion of your data, subject to legal obligations.
  4. Right to Restrict Processing: Limit how your data is used in specific circumstances.
  5. Right to Data Portability: Request transfer of your data to another platform.
  6. Right to Object: Object to the processing of your data in certain cases.
  7. Right to Lodge a Complaint: File a complaint with a data protection authority if you believe your rights are violated.


8. Third-Party Data Sharing

We may share your data with trusted third parties for the following purposes:

  1. KYC/AML Providers: To conduct identity verification.
  2. Payment Processors: To facilitate cryptocurrency or fiat transactions.
  3. Regulatory Authorities: As required by applicable laws or in response to lawful requests.

We ensure that all third-party partners comply with GDPR and provide adequate data protection measures.

9. Disclaimer and Liability

While BFOX.AI takes all reasonable steps to ensure the security of your data, we cannot be held responsible for:

  • External breaches caused by third parties, such as cyberattacks, outside of our control.
  • Errors or inaccuracies in the personal data provided by users.
  • Misuse of your account credentials due to negligence or unauthorized sharing of access by the user.

It is the user’s responsibility to:

  1. Use secure passwords and two-factor authentication (2FA) where applicable.
  2. Avoid sharing sensitive account details with others.
  3. Notify us immediately if they suspect unauthorized access or misuse of their account.

10. Updates to This Policy

We may update this policy periodically to reflect changes in legal requirements, our practices, or technology. Significant updates will be communicated via email or platform notifications.

11. Contact Information

For inquiries or to exercise your rights under GDPR, contact:

  • Email: info@bfox.ai

Disclaimer:
BFOX.AI operates as a platform for ICO investments and complies with relevant legal requirements. However, users must perform their own due diligence and ensure compliance with local laws regarding ICO participation. BFOX.AI does not guarantee returns on investments and cannot be held liable for financial losses, fraudulent ICOs, or misrepresentation by third-party projects listed on the platform.

By using BFOX.AI, you acknowledge that investing in ICOs carries inherent risks, and you agree to the terms outlined in this policy.

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