As part of our ongoing commitment to improvement and transparency, For Mining Space has updated its General Terms and Conditions of Sale to enhance the legal clarity of our services and ensure an increasingly rigorous and secure contractual framework for our clients.
Immediate Application of the New Terms and Easier Access to Documentation These updated General Terms and Conditions of Sale take effect immediately for all existing services and clients. To ensure simplified access and greater transparency, the full documentation is now available under the new "Documents" tab on our online platform. Clients can consult the applicable terms and conditions for their services and commitments at any time.
Enhanced Support for Risk Management In the spirit of transparency and informed decision-making, we have also included a summary document outlining the risks associated with cryptocurrency investments in the "Documents" tab. This document is designed to provide each client with a clear understanding of the specifics of mining and potential market fluctuations. Our goal is to support our clients by providing them with comprehensive information that aligns with current risk awareness communications.
Improved Structuring of Orders and Invoicing For clarity and proper documentation, each invoice is now systematically linked to a purchase order number, as well as the latest General Terms and Conditions of Sale in effect at the time of subscription. This ensures optimal traceability and guarantees that each transaction is governed by the contractual terms applicable at the time of the order.
Clarification on the Irrevocability of Contractual Commitments In accordance with the legislation of the Hong Kong Special Administrative Region, it is now explicitly stated that the right of withdrawal does not apply once the execution of services has commenced with the client's consent. This clarification is essential to ensure the swift execution of mining services and eliminate any uncertainty regarding contractual commitments. However, we do facilitate the resale of equipment to third parties under specific conditions.
Strengthening Data Protection Measures We reaffirm our commitment to complying with the General Data Protection Regulation (GDPR) and protecting our clients' information in accordance with prevailing standards. Each user has the right to access, rectify, and delete their data, which can be exercised by contacting our support team.
Clarification on For Mining Space's Liability Our General Terms and Conditions now include a dedicated section on the use of information provided on our platform. While we strive to deliver accurate and up-to-date data, this information remains indicative and does not constitute liability on our part in case of market or regulatory changes.
Mining Performance and Associated Risks We have added clarifications regarding the volatility of mining returns to ensure that each client understands that past performance does not guarantee future results. This update highlights factors that may affect profitability, such as cryptocurrency market fluctuations, technological advancements, and mining protocol adjustments.
Account Opening and Management Requirements We have reinforced account opening requirements by implementing strict verification procedures (identity, proof of address, anti-money laundering compliance). These measures enhance security for all our clients and partners. Additionally, restrictions have been imposed on account creation in certain jurisdictions to comply with international regulations.
Account Management in Case of Death To ensure continuity and proper succession management, we have introduced a procedure governing the transfer of accounts in the event of a client’s death. Depending on the circumstances, funds will either be transferred to a sole heir or distributed in accordance with a notary’s instructions.
Tax Provisions and Legal Framework We have included a section clarifying that For Mining Space does not intervene in the management of clients' tax obligations. Each client remains responsible for their tax declarations and compliance with the applicable tax regulations in their country of residence.
These updates are designed to enhance the transparency, security, and reliability of our services while ensuring compliance with international legal standards. Our objective remains to provide an optimal and secure experience in the cryptocurrency mining sector.