Store Verification Form (KYB)

In order to start receiving cryptocurrency payments, a store verification (KYB) is required to use the service.

Verify your business

After creating the store, the administrator will be asked to perform the corresponding verification by completing the form that will be reviewed by our legal department. Verification times are 24 to 72 hours, once the form has been completed. The legal department may request further relevant information if considered necessary. If your verification is successful you will be able to start accepting payments on the main networks (Mainnet).

Requirements Real Owners or Effective Beneficiary/Owner (UBO's)

Why are we asking for this information?

This data we ask you to provide is a legal requirement, established by regulators in each country and is intended to promote transparency and prevent complex corporate structures from being used to hide the financing of terrorism, money laundering, tax evasion and other crimes. It is certainly good for all of us to be in as healthy and safe an environment as possible..

The terms may vary slightly in each jurisdiction - although they are all similar - please adapt the requested information to your legal environment in the most reasonable way.

What do we mean by ownership?

In general terms, it is understood that Real Owners or the Effective Beneficiary/Owner (UBO's) are defined as:

• Owners: The natural person or persons who own more than 25% of the shares or stock of the enterprise, or who otherwise exercises effective control of such enterprise.

• Executives: People who exercise significant control over the company. These people are in charge of managing and directing the company. Among them the CEO, CFO, COO, president, general manager, are usually the usual figures.

• Administrator: Ultimately, if there are no such persons, it is understood that the control of the company is exercised by the administrator or administrators. In this case, if the administrator is in fact a company, it is understood that such control is exercised by the natural person who has been appointed by the company.

What id the owner of the company is a legal entity such as a trust or parent company?

In this case, the owner or owners of the legal entity would have to be identified.

What documentation do I need to upload?

....

Are there any ownership identification exceptions?

Yes, a company listed on a regulated market, and subject to disclosure requirements in accordance with EU law or equivalent international standards that ensure adequate transparency of ownership information, is exempt from identifying the beneficial owner.

What if any data changes?

In that case we would need you to update the data.