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Anonymity and integrity

Complete anonymity and integrity cannot technically be fully offered.

It is technically possible to build a value based CBDC that can be used anonymously, that is, without the payer having to identify herself when making a payment. A pre-loaded card could also be transferred to another person after purchase, in principle when cash changes ownership. However, this is not a question of a completely anonymous solution as a CBDC will always, due to its digital form, be possible to trace when used to make a payment. It must also fulfill the traceability requirements stipulated in the Money Laundering directive. In this way, the card will always be traceable to its buyer if it is used to make an electronic payment.

The conclusion drawn after discussions with market agents and agencies is that for a central bank digital currency to be accepted and widely available, it is vital to develop a technical user interface that is easy to use. One objective should also be to give those people who already find it difficult to manage digital services the opportunity to easily switch to using digital payment services. As the whole of society moves towards instant payments, high transaction capacity and performance will also be needed on the CBDC platform so that a large number of transactions can be settled without delay. It is also considered that the platform will also need to strengthen robustness on the payment market and make the services available even in situations when the telecommunications network is out of operation. In addition, the security requirements regarding hardware, software, architecture, and communication, as well as the requirements for maximum cybersecurity, will be crucial in the CBDC project’s future work. It is also considered that an account-based CBDC could rationalize payments from agencies and make them less dependent on commercial agents. Based on our drawn conclusion that it is appropriate to develop a CBDC platform based on existing FinTech, blockchain, and distributed ledger technology, as this is technology for the future.

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iSETTLE.ORG

iSETTLE.ORG

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User Agreement

This is an agreement between the iSETTLE.ORG protector Foundation ( LEOPOLD VON GULLIOU FAMILY FOUNDATION ) a Private Interest Foundation (PIF) Recorded at the public registry office, at data card 22904, since March 19th, 2007, in the section of Private Interest Foundation. Apostille (The Hague Convention of October 5, 1961) certified in the Ministery of Foreign Affairs on March 23rd, 2007. Under Number: 133745/A  ( “iSETTLE.ORG”, “we”, “us”, or “our”) and you (together with iSETTLE.ORG, the “Parties” and each a “Party”). By using any iSETTLE.ORG service, whether through isettle.org, any associated website, API, or mobile application, you agree that you have read, understood, and accept all of the terms and conditions contained herein (the “User Agreement”), as well as our Privacy Policy.

Jurisdiction and choice-of-law
We operate this Website from Panama, while third part providers and voluntary organizations provide tech for convenience only. We make no representations that the materials in this site are appropriate or available for use in other locations, nor represented by any third party other than the protector Foundation. Those who choose to access this Website from other locations do so at their own risk and are responsible for compliance with any and all local laws, if and to the extent local laws are applicable.

This agreement, and any dispute, which arises from and out of this Website, shall be construed with the laws of Panama.

1. GENERAL USE

1.1 Eligibility

By using the isettle.org Site and entering into this User Agreement, you affirm that you are an individual, at least 18 years of age or older, have the capacity to enter into this User Agreement, and agree to be legally bound by the terms and conditions of this User Agreement, including the Cookie Policy, the Privacy Policy and the Trading Principles as incorporated herein, as amended from time to time. In order to use the Services, you may be required to provide certain identifying information pursuant to our Compliance Program.

1.2 Modification

1.2.1 We may change the terms of this User Agreement at any time. Any such changes shall take effect when posted on the iSettle.org Site, or when you use the Services. If you have supplied us with an email address, we shall also attempt to notify you by email of changes to this User Agreement.

1.2.2 It is your responsibility to update your contact information, including but not limited to the email address provided to us (if any).

1.2.3 Read the User Agreement carefully on each occasion you use the Services. Your continued use of the Services shall signify your acceptance to be bound by the current User Agreement. Our failure or delay in enforcing or partially enforcing any provision of this User Agreement shall not be construed as a waiver of any of our rights.

Disclaimers and Limitations

Disclaimers. YOU USE OUR SERVICES AT YOUR OWN RISK AND SUBJECT TO THE FOLLOWING DISCLAIMERS. WE PROVIDE OUR SERVICES ON AN “AS IS” BASIS WITHOUT ANY EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, AND FREEDOM FROM COMPUTER VIRUS OR OTHER HARMFUL CODE. iSETTLE.ORG DOES NOT WARRANT THAT ANY INFORMATION PROVIDED BY US IS ACCURATE, COMPLETE, OR USEFUL, THAT OUR SERVICES WILL BE OPERATIONAL, ERROR-FREE, SECURE, OR SAFE, OR THAT OUR SERVICES WILL FUNCTION WITHOUT DISRUPTIONS, DELAYS, OR IMPERFECTIONS. WE DO NOT CONTROL, AND ARE NOT RESPONSIBLE FOR, CONTROLLING HOW OR WHEN OUR USERS USE OUR SERVICES. WE ARE NOT RESPONSIBLE FOR THE ACTIONS OR INFORMATION (INCLUDING CONTENT) OF OUR USERS OR OTHER THIRD PARTIES. YOU RELEASE US, AFFILIATES, DIRECTORS, OFFICERS, EMPLOYEES, PARTNERS, AND AGENTS (TOGETHER, “iSETTLE.ORG PARTIES”) FROM ANY CLAIM, COMPLAINT, CAUSE OF ACTION, CONTROVERSY, OR DISPUTE (TOGETHER, “CLAIM”) AND DAMAGES, KNOWN AND UNKNOWN, RELATING TO, ARISING OUT OF, OR IN ANY WAY CONNECTED WITH ANY SUCH CLAIM YOU HAVE AGAINST ANY THIRD PARTIES.

Availability of Our Services. Our Services may be interrupted, including for maintenance, upgrades, or network or equipment failures. We may discontinue some or all of our Services, including certain features and the support for certain devices and platforms, at any time.

Limited License

Limitations.  We grant you a limited, nonexclusive, non-transferable licence to access and use the Services and the isettle.org Site solely in accordance with the terms of this Agreement.

Credentials

Security.  You must keep secret all credentials associated with the Services. You are solely responsible for managing and maintaining the security of any information relating to such credentials and agree that iSETTLE.ORG shall not be held responsible (and you shall not hold us responsible) for any unauthorised access to the Services or any resulting harm you may suffer.

Compliance

Security.  Your access to one or more Services may be contingent upon satisfaction of our onboarding processes as well as our Compliance Program, which may include verification of your identity  and additional information we may request from time-to-time. The information we request may include, without limitation, personally identifiable information such as network address, name, email, address, telephone number, date of birth, official government-issued identification, and or other information we may reasonably deem helpful in satisfying our risk management or legal obligations. In providing this information to us you represent that it is accurate and agree to update your User Account information promptly, but in no event later than 14 days following any change in your information. Failure to provide information or update it promptly may result in Services being unavailable to you.

Communications

Update.  Any and all communications from iSETTLE.ORG may be provided to you via electronic mail at the address you provided when accessing the Services. iSETTLE.ORG shall not be responsible for any harm you may suffer as a result of your failure to receive any notice provided to you in connection with this User Agreement or your use of Services so long as such notice is provided. isettle.org may also communicate with you through other methods, including via telephone call, instant messaging or chat applications either operated by isettle.org or a third party.

Privacy Policy

Protection infromation. Privacy is of utmost importance at the iSETTLE.ORG Private Interest Foundation (PIS) and group of companies (“iSETLLE.ORG”). We recognise the significance of protecting information which is stored on our servers or network or is intended to be stored on our servers or network and which relates to an individual, organization, or Company. The data we protect are the “Personal Data” which is any information relating to an identified or identifiable natural person, sometimes called a data subject, and have made protecting the privacy and the confidentiality of Personal Data a fundamental component of the way we operate. This Privacy Policy informs you of the ways we work to ensure privacy and the confidentiality of Personal Data and describes the information we gather, how we use those Personal Data and the circumstances under which we disclose such information to third-parties.

This Privacy Policy is designed to address regulatory requirements of the jurisdictions in which iSETTLE.ORG (Foundation) is registered. In this Privacy Policy, the term “Service” and “Services” has the same meaning as described in the User Agreement, but excludes API services, which are governed by a separate agreement. If you do not agree with this Privacy Policy, in general, or any part of it, you should not use the Services. This Privacy Policy is periodically reviewed to ensure that any new obligations and changes to our business model are taken into consideration. We may amend this Privacy Policy at any time by posting an amended version on our website.