Compliance

Compliance statement

Centi is a financial service provider and is a member in the Financial Services Standards Association (VQF) which is a FINMA supervised Self Regulatory Organisation (SRO). It is evident that electronic-cash, such as Bitcoinˢᵛ (BSV) keeps it’s own records preserved much better than e.g. physical cash. This means better records for compliance which we take very seriously at Centi. Centi retains all records for as long as legally required and will also monitor transactions for associated risks. Local cash limits are automatically enforced for all merchants.

Centi Data Privacy Policy

Centi upholds a serious commitment to data privacy. For more information, please refer to the privacy policy at centi.ch/privacy.

Protecting Web3: Centi’s Stand on Security

At Centi Ltd, we are committed to promoting financial inclusion, empowerment, and security. Centi serves as an easy-to-use gateway to Web3 technology, offering a versatile alternative to traditional banking and credit cards, making digital payments accessible and secure for everyone.

As we expand access to these innovative tools, we remain dedicated to protecting the integrity of the Web3 ecosystem. Think of Web3 as a vibrant garden of innovation and collaboration – Centi is one of the gatekeepers. While we aim to invite everyone in, our priority is to protect this space from potential misuse.

Due to attempts to exploit our products, we have introduced identity checks for adding funds via credit cards. This measure is to prevent abuse and maintain security, not to compromise user privacy. Cash and bank exchanges will continue without identification requirements, maintaining a balance between security and convenience.

 Our goal remains to offer a safe, secure, and user-friendly platform that empowers everyone to participate in the digital economy. These additional checks will help maintain the integrity of our platform and the Web3 ecosystem while providing an easy gateway to digital cash payments.

Platform and Stablecoin Security Measures

Centi follows the most recent security practices and protocols to ensure the safety of your assets. Our security checks and upgrades are regular, ensuring that the platform remains secure in the face of evolving threats.

 Centi maintains encrypted copies of wallets, which remain secure even if our database is accessed or stolen. To access these encrypted copies and make payments, user login credentials are required. Our database is maintained by a reputable external service provider who complies with relevant ISO norms and data protection standards.

  One of the risks with cash is potential buyer’s remorse, and you should be aware that we cannot reverse transactions. This also means that unauthorized debits or credits, as with cards, are not possible.
We encourage our users to ensure they truly want a product or service before making payments with you as merchants. While you as merchants can issue refunds, we are unable to assist with this process like traditional card payment providers.

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Compliance

Centi is a financial service provider and is a member in the Financial Services Standards Association (VQF) which is a FINMA supervised Self Regulatory Organisation (SRO). It is evident that electronic-cash, such as Bitcoinˢᵛ (BSV) keeps it’s own records preserved much better than e.g. physical cash. This means better records for compliance which we take very seriously at Centi. Centi retains all records for as long as legally required and will also monitor transactions for associated risks. Local cash limits are automatically enforced for all merchants.
Centi upholds a serious commitment to data privacy. For more information, please refer to the privacy policy at centi.ch/privacy.
At Centi Ltd, we are committed to promoting financial inclusion, empowerment, and security. Centi serves as an easy-to-use gateway to Web3 technology, offering a versatile alternative to traditional banking and credit cards, making digital payments accessible and secure for everyone.

As we expand access to these innovative tools, we remain dedicated to protecting the integrity of the Web3 ecosystem. Think of Web3 as a vibrant garden of innovation and collaboration – Centi is one of the gatekeepers. While we aim to invite everyone in, our priority is to protect this space from potential misuse.

Due to attempts to exploit our products, we have introduced identity checks for adding funds via credit cards. This measure is to prevent abuse and maintain security, not to compromise user privacy. Cash and bank exchanges will continue without identification requirements, maintaining a balance between security and convenience.

Our goal remains to offer a safe, secure, and user-friendly platform that empowers everyone to participate in the digital economy. These additional checks will help maintain the integrity of our platform and the Web3 ecosystem while providing an easy gateway to digital cash payments.
Centi follows the most recent security practices and protocols to ensure the safety of your assets. Our security checks and upgrades are regular, ensuring that the platform remains secure in the face of evolving threats.

Centi maintains encrypted copies of wallets, which remain secure even if our database is accessed or stolen. To access these encrypted copies and make payments, user login credentials are required. Our database is maintained by a reputable external service provider who complies with relevant ISO norms and data protection standards.

One of the risks with cash is potential buyer’s remorse, and you should be aware that we cannot reverse transactions. This also means that unauthorized debits or credits, as with cards, are not possible.

We encourage our users to ensure they truly want a product or service before making payments with you as merchants. While you as merchants can issue refunds, we are unable to assist with this process like traditional card payment providers.

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