Is Karta safe and legal?
We understand that trust matters when using a financial service. Here are clear answers to the most common legal and safety-related questions.
Is Karta legal?
Yes.
Karta operates as a fintech product in accordance with its Terms and Privacy Policy.
Is Karta a bank?
No.
Karta is not a bank — it is a fintech service.
Our services are provided in partnership with regulated financial institutions and licensed service providers. We operate as a technology and interface layer connecting users with regulated financial service providers.
Do you have a license?
Yes, Karta works through regulated financial institutions and licensed service providers.
Karta is not a bank and does not directly provide regulated financial services. Licensed partners handle regulated activities such as money transmission, card issuing, and payments where applicable.
Who are your partners?
Karta works with the following infrastructure providers:
Where are my funds held?
User funds are held via our crypto custody partner — Privy. Privy provides non-custodial wallet infrastructure, where users retain full control over their assets and private keys. Card payments and bank transfers are processed through our licensed partners , but they do not store user balances.
Do I need to verify my identity?
Yes.
Identity verification is required to use Karta. It helps protect your account, prevent fraud, and keep the platform secure.
Do you report to tax authorities (EU / DAC8 / etc.)?
No — neither Karta nor our partners perform automatic reporting to tax authorities.
Information can only be shared if officially requested by authorities, as required by law.
Do you share my data with governments?
We do not sell or rent your personal information.
Information may be disclosed if required by law, subpoena, or other legal process.
Can my transactions be tracked?
Yes.
As a financial service, transactions may be monitored for compliance, fraud prevention, and security purposes.
Where is Karta registered?
Karta Finance, Inc. is a U.S.-registered company incorporated in Delaware.
Registered address:
1007 N Orange St, 4th Floor
Wilmington, DE 19801
United States
Do you have a physical office?
Yes, Karta has a physical office.
Our office is located at:
Villa Karta
Buwit, Kediri
Tabanan Regency, Bali 80351
Indonesia
When was Karta launched?
Karta has been operating since September 24, 2021.
Can my account be blocked?
Yes.
Accounts may be restricted, suspended, or closed if required by compliance rules, risk controls, or partners decisions.
What is not allowed?
The following activities are not allowed:
account sharing or giving access to third parties
reselling accounts
using accounts or cards on behalf of other individuals
illegal or fraudulent activity