{"id":26,"date":"2025-01-24T08:53:01","date_gmt":"2025-01-24T08:53:01","guid":{"rendered":"http:\/\/cryptonix-web.loc\/?page_id=26"},"modified":"2025-01-24T08:53:01","modified_gmt":"2025-01-24T08:53:01","slug":"privacy-policy","status":"publish","type":"page","link":"https:\/\/land.cryptonix.com\/?page_id=26","title":{"rendered":"Privacy Policy"},"content":{"rendered":"<div class=\"w-embed\">\n<div>\n<div class=\"w-embed\">\n<div>\n<h2 id=\"introduction\"><b>1. Introduction<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">This Privacy Policy explains how Piastra Pay Inc., a corporation incorporated under the laws of Canada, and 3-102-941161 S.R.L., a company incorporated in Costa Rica (collectively referred to as \u201cCryptonix\u201d, \u201cwe\u201d, \u201cus\u201d, or \u201cour\u201d), collect, use, process, store and disclose personal information obtained from clients and users of our website and services (\u201cyou\u201d).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cryptonix operates as a group of independent legal entities providing integrated virtual asset processing and settlement services. Depending on the nature of the service provided, different entities within the Cryptonix structure may act as independent data controllers in accordance with their respective regulatory and legal obligations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This Privacy Policy applies to the website <\/span><a href=\"http:\/\/www.cryptonix.com\"><span style=\"font-weight: 400;\">land.cryptonix.com\/<\/span><\/a><span style=\"font-weight: 400;\"> (the \u201cWebsite\u201d) and to all services provided under the Cryptonix brand (the \u201cServices\u201d).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The information we collect may include personal data of clients, directors, shareholders, ultimate beneficial owners (UBOs), authorized representatives and contact persons of corporate clients, payment recipients, and information related to the use of our services, including transaction metadata and compliance-related data (collectively, the \u201cData\u201d).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This Privacy Policy incorporates and complies with the Personal Information Protection and Electronic Documents Act (PIPEDA) of Canada, the applicable data protection legislation of Costa Rica (including Law No. 8968 on the Protection of the Person against the Processing of Personal Data), and other applicable data protection laws relevant to our operations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By accessing the Website, using the Services, or entering into a Service Agreement with us, you acknowledge and agree to the terms of this Privacy Policy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Company is responsible for personal information under its control and has designated a Privacy Officer responsible for ensuring compliance with this Policy and applicable privacy legislation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For matters relating to personal information processed by Piastra Pay Inc., the designated Privacy Officer may be contacted at: Privacy Officer \u2013 Piastra Pay Inc. \/ Email: legal@cryptonix.com<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Privacy Officer oversees compliance with the Personal Information Protection and Electronic Documents Act (PIPEDA) and related regulatory obligations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you have any questions regarding this Privacy Policy or our handling of Data, you also may contact us at: legal@cryptonix.com.<\/span><\/p>\n<h2 id=\"scope-of-application\"><b>2. Scope of Application<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">This Privacy Policy applies to personal information collected, used or disclosed in connection with:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">client onboarding and identity verification (KYC \/ KYB);<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">blockchain transaction monitoring (KYT);<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">provision of virtual asset processing services;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">fiat settlement and payment execution;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">compliance with anti-money laundering and counter-terrorist financing obligations;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">sanctions screening and regulatory reporting;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">transaction monitoring and fraud prevention;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">customer support and complaint handling;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">website administration, analytics and service security.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This Policy applies to corporate clients and their representatives. Cryptonix does not provide services directly to retail consumers.<\/span><\/p>\n<h2 id=\"roles-of-cryptonix-entities\"><b>3. Roles of Cryptonix Entities<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Cryptonix operates through independent legal entities that determine the purposes and means of processing personal data within their respective operational scope.<\/span><\/p>\n<p><b>Piastra Pay Inc. (Canada)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Piastra Pay Inc. acts as an independent data controller in relation to:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">merchant onboarding and corporate verification (KYB);<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">identity verification of directors and beneficial owners;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">sanctions screening;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">compliance with Canadian AML\/CTF obligations;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">reporting to FINTRAC and other competent authorities;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">execution of fiat settlement and banking payouts.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Piastra Pay Inc. processes personal information in accordance with PIPEDA and Canadian regulatory requirements applicable to MSBs.<\/span><\/p>\n<p><b>3-102-941161 S.R.L. (Costa Rica)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">3-102-941161 S.R.L. acts as an independent data controller in relation to:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">provision of crypto processing infrastructure;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">dashboard access and account management;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">blockchain transaction monitoring (KYT);<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">transaction recording and wallet-related operations;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">technical processing of digital asset transactions.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This entity processes personal data in accordance with applicable Costa Rican data protection laws.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Neither entity acts as a processor on behalf of the other. Each entity independently determines the purposes and means of processing within its operational responsibility. Personal data may be exchanged between the entities strictly for the purpose of delivering the Services and complying with legal and regulatory obligations.<\/span><\/p>\n<h2 id=\"categories-of-personal-information-collected\"><b>4. Categories of Personal Information Collected<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">We may collect and process the following categories of personal information:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">identification data (full name, date of birth, nationality, identification documents);<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">corporate information (company name, registration number, registered address);<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">beneficial ownership information;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">contact details (email address, telephone number);<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">banking and payment information;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">transaction data and blockchain-related metadata;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">compliance screening results;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">communications and correspondence;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">technical data related to Website usage (IP address, browser type, device information).<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">We limit the collection of personal information to what is necessary for legitimate business purposes and regulatory compliance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Where the processing involves sensitive personal data, including identification documents, financial information or other data classified as sensitive under applicable law, such processing is carried out strictly in accordance with legal requirements and only to the extent necessary for compliance, security and contractual purposes.<\/span><\/p>\n<h2 id=\"purposes-of-processing\"><b>5. Purposes of Processing<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">We collect and process personal information for purposes that are reasonable and necessary in the context of providing our Services, including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">verifying client identity and corporate structure;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">performing AML\/CTF and sanctions compliance checks;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">executing crypto processing and fiat settlement;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">complying with regulatory reporting obligations;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">preventing fraud and mitigating financial crime risks;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">administering client accounts and dashboards;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">communicating with clients;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">maintaining service security and integrity;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">handling complaints and resolving disputes.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">We do not sell personal information to third parties.<\/span><\/p>\n<h2 id=\"legal-basis-and-consent\"><b>6. Legal Basis and Consent<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Where required under applicable law, we obtain meaningful consent for the collection, use and disclosure of personal information.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Processing may be based on:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">contractual necessity;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">compliance with legal and regulatory obligations;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">legitimate business interests;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">express or implied consent, depending on the sensitivity of the information and applicable legal requirements.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Consent may be withdrawn, subject to legal or contractual restrictions. Withdrawal of consent may limit our ability to provide Services.<\/span><\/p>\n<h2 id=\"use-disclosure-and-retention\"><b>7. Use, Disclosure and Retention<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Personal information is used only for the purposes for which it was collected, unless otherwise required or permitted by law.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We may disclose personal information to:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">regulatory authorities, including FINTRAC and competent Costa Rican authorities;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">financial institutions involved in settlement;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">service providers performing services on our behalf;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">law enforcement or judicial authorities where legally required.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">We retain personal information for the duration of the business relationship and for a minimum of five (5) years following termination, or longer if required by law or necessary to protect our legitimate business interests.<\/span><\/p>\n<h2 id=\"international-data-transfers\"><b>8. International Data Transfers<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Due to the international structure of Cryptonix, personal information may be transferred between Canada and Costa Rica and, where necessary, to other jurisdictions where service providers operate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We implement appropriate contractual and technical safeguards to ensure that personal information remains protected in accordance with applicable legal standards.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By using our Services, you acknowledge that your information may be transferred across borders for legitimate business and regulatory purposes.<\/span><\/p>\n<h2 id=\"security-measures\"><b>9. Security Measures<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">We implement technical, administrative and physical safeguards designed to protect personal information against unauthorized access, loss, misuse or alteration.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Such measures include, but are not limited to:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">encryption of data in transit and at rest;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">access control and authentication mechanisms;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">multi-signature wallet security protocols;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">segregation of operational functions;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">internal confidentiality obligations;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">periodic security assessments and policy reviews.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">No system can guarantee absolute security, but we take commercially reasonable measures consistent with industry standards.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the event of a breach of security safeguards involving personal information under the control of Piastra Pay Inc. that poses a real risk of significant harm to an individual, we will notify affected individuals and report the breach to the Office of the Privacy Commissioner of Canada in accordance with applicable law.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We maintain internal breach response procedures to assess, document and respond to any such incidents as required under PIPEDA.<\/span><\/p>\n<h2 id=\"accuracy-and-access\"><b>10. Accuracy and Access<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">We take reasonable steps to ensure that personal information is accurate, complete and up to date.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Subject to legal limitations, individuals may request:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">confirmation of whether we hold their personal information;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">access to their personal information;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">correction of inaccurate or incomplete data.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Requests may be submitted to <\/span><a href=\"mailto:legal@cryptonix.com\"><span style=\"font-weight: 400;\">legal@cryptonix.com<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Where Costa Rican law applies, individuals may exercise their rights of Access, Rectification, Cancellation and Opposition (ARCO rights) in accordance with Law No. 8968. Requests will be processed within the timeframes established by applicable legislation.<\/span><\/p>\n<h2 id=\"complaints\"><b>11. Complaints<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">If you have concerns regarding our handling of personal information, you may contact us at legal@cryptonix.com.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are not satisfied with our response and Canadian law applies, you may file a complaint with the Office of the Privacy Commissioner of Canada.<\/span><\/p>\n<h2 id=\"children\"><b>12. Children<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Our Services are intended for corporate clients and are not directed to individuals under the age of 18. We do not knowingly collect personal information from minors.<\/span><\/p>\n<h2 id=\"changes-to-this-policy\"><b>13. Changes to this Policy<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">We may update this Privacy Policy from time to time to reflect legal, regulatory or operational changes. The updated version will be published on the Website and will become effective upon publication.<\/span><\/p>\n<h2 id=\"effectice-date\"><b>14. Effective Date<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">This Privacy Policy is effective as of the date of publication on the Website.<\/span>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>1. Introduction This Privacy Policy explains how Piastra Pay Inc., a corporation incorporated under the laws of Canada, and 3-102-941161 S.R.L., a company incorporated in Costa Rica (collectively referred to as \u201cCryptonix\u201d, \u201cwe\u201d, \u201cus\u201d, or \u201cour\u201d), collect, use, process, store and disclose personal information obtained from clients and users of our website and services (\u201cyou\u201d). [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"text-page.php","meta":{"footnotes":""},"class_list":["post-26","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/land.cryptonix.com\/index.php?rest_route=\/wp\/v2\/pages\/26","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/land.cryptonix.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/land.cryptonix.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/land.cryptonix.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/land.cryptonix.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26"}],"version-history":[{"count":0,"href":"https:\/\/land.cryptonix.com\/index.php?rest_route=\/wp\/v2\/pages\/26\/revisions"}],"wp:attachment":[{"href":"https:\/\/land.cryptonix.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}