NOTA User Agreement

US NOTA User Agreement

Last Updated September 08, 2021

This User Agreement (“Agreement”) is a contract between you and NOTA Internet Financial, LLC. (“NOTA,” “we,” or “us”) which applies to your use of the US NOTA Services (as defined in Section 15 of this Agreement) as a user (“User”, “you” or “your”).

By registering your account with NOTA for US NOTA Services (a “US NOTA Account”) or using any of the US NOTA Services, you agree you have read, understood, and accept all of the terms and conditions contained in this Agreement, as well as our Privacy Policy, Cookie Policy and E-Sign Consent, and you agree and acknowledge that you will be bound by these agreements and policies. Section 31 of this Agreement governs how this Agreement may be changed over time. The text in the boxes throughout this Agreement is there to help you understand the Agreement, but this text is not part of the Agreement. If after reading all of this Agreement you are unsure of the terms in this Agreement or you have any questions, please contact Support via email at support@usnota.com.

To view the terms that have changed as a result of the most recent update to the User Agreement, please see the informational box at the end of this User Agreement.

1. About US NOTA

US NOTA is a “XRC-20” digital token issued by NOTA that operates on the XinFin blockchain (“US Nota”).  US NOTA is fully backed by U.S. Dollars or equivalent assets held by NOTA with its U.S. banking partners in segregated accounts, on behalf of, and for the benefit of, Users.  This means for every US NOTA issued by NOTA and remaining in circulation, NOTA will hold on behalf of Users one U.S. Dollar in its bank account(s) or other approved investments (the “Segregated Accounts”).

2. Scope of US NOTA and Key Terms

Your use of US NOTA and US NOTA Services is subject to this Agreement and Nota’s obligations under this Agreement are conditional on you complying with its provisions. You understand that a violation of this Agreement may result in potential consequences (including the possible loss or forfeiture of U.S. Dollar funds tokenized for US NOTA). You understand and agree that you may only tokenize U.S. Dollar funds to US NOTA and redeem US NOTA for U.S. Dollars through this process directly with NOTA and may not do so independently with any of NOTA’s banking partners.

Each US NOTA will have an established value of one (1) U.S. Dollar at the time of being tokenized and redeemed by you, subject to the terms set forth in this Agreement and fees where applicable. While in possession of your U.S. Dollar funds, NOTA agrees to take reasonable care in maintaining the established value of U.S. Dollar funds provided by you, and you agree NOTA is free to use the funds provided for its own purposes prior to redemption subject to the terms of this Agreement. Here, the minimum fiat withdraw is one mio. U.S. Dollar. with fees applying. You also agree that NOTA is entitled to income from the use of your funds, or interest accrued with respect to your funds, prior to redemption. You understand that sending US NOTA to another address automatically transfers and assigns to the owner of that address (a “Holder”), and any subsequent Holder, the right to redeem US NOTA for U.S. Dollar funds so long as the Holder is eligible to, and does, register a US NOTA Account.

3. Applicable Laws and Regulations

Your use of the US NOTA Services is subject to the laws, rules and regulations of any applicable governmental or regulatory authority (including, without limitation, all applicable tax, anti-money laundering (“AML”) and counter terrorist financing (“CTF”) provisions).

You unequivocally agree and understand that by registering a US NOTA Account, and using the US NOTA Services in any capacity, you will act in compliance with and be legally bound by this Agreement and all applicable laws and regulations (including, without limitation, those stated in this Section 3, where applicable). For the avoidance of doubt, continued use of your US NOTA Account and Nota’s obligations to you under this Agreement are conditional on your continued compliance at all times with this Agreement and all applicable laws and regulations.

4. Eligibility; Limitations

The US NOTA Services are currently only available to individuals and institutions located in supported jurisdictions. For a complete list of currently supported jurisdictions, please contact support@usnota.com. 

If you are registering to use the US NOTA Services as an individual, you must be at least 18 years old and you must not have been previously suspended or removed from the US NOTA Services or any other service or product offered by NOTA or its affiliate entities to enter into this Agreement.

If you are registering to use the US NOTA Services on behalf of a legal entity, you represent and warrant that (i) such legal entity is duly organized and validly existing under the applicable laws of the jurisdiction of its organization; (ii) you are duly authorized by such legal entity to act on its behalf, and (iii) such organization (and any affiliate entity) must not have been previously suspended or removed from the US NOTA Services or any other service or product offered by NOTA or its affiliate entities to enter into this Agreement.

Use of certain US NOTA Services may have further eligibility requirements that will need to be verified before you use such US NOTA Services or from time to time in order to continue your use of the US NOTA Services.

By accessing or using the US NOTA Services, you further represent and warrant that:

a) you are not a Restricted Person nor are you resident of a Restricted Territory (each as defined in Section 38 below).  

b) you will not be using the US NOTA Services for any illegal activity (including, but not limited to, illegal gambling, money laundering, fraud, blackmail, extortion, ransoming data, terrorism financing, other violent activities) or any prohibited market practices (including, but not limited to, those listed under Sections 23 and 24).  

You also understand that there are additional representations and warranties made by you in Section 5 (Accuracy of Information) and Section 38 (Compliance with Export Restrictions), and that any misrepresentation by you is a violation of this User Agreement.

If NOTA determines that you have violated this User Agreement, including, but not limited to, transacting with Blocked Addresses (as defined in Section 14) or engaging in Restricted Activities or Prohibited Transactions then NOTA may be forced to terminate your US NOTA Account and you may forfeit any U.S. Dollar funds otherwise eligible for redemption.

Notwithstanding the foregoing, NOTA may determine not to make the US NOTA Services (in whole or in part) available in every market (either in its sole discretion or due to legal or regulatory requirements) depending on the user’s location. We may without liability to you, or any third-party, refuse to let you register for a US NOTA Account.

5. Registration Process; Identity Verification

When registering your US NOTA Account, you must provide complete, accurate and current information for all required elements on the registration page, including your full legal name. You also agree to provide us when registering a US NOTA Account and on an ongoing basis any additional information we request for the purposes of identity verification and the detection of money laundering, terrorist financing, fraud, or any other financial crime (including, but not limited to, a copy of your government issued photo ID or evidence of residency such as a lease or utility bill). You give us permission to keep a record of such information, and authorize us to make the inquiries, whether directly or through third-parties that we consider necessary to verify your identity or protect you and/or us against fraud or other financial crime, and to take action we reasonably deem necessary based on the results of such inquiries. When we carry out our inquiries, you understand, acknowledge, and agree that your personal information may be disclosed to credit reference and fraud prevention or financial crime agencies and that these agencies may respond to our inquiries in full.

In some circumstances, we may need you to submit additional information about yourself or your business, provide records, and complete other verification steps (such process, "Enhanced Due Diligence").

You represent and warrant that all information provided to us pursuant to this Agreement is true, accurate and not misleading in any respect. If any such information changes, it is your obligation to update this information as soon as possible.

Occasionally we may be required to request further information regarding your transactions in order to comply with applicable laws and regulation. Failure to provide such information in a timely fashion may result in the suspension of your ability to use the US NOTA Services (until you provide such information) or the closure of your US NOTA Account.

We reserve the right to maintain your account registration information after you terminate your US NOTA Account for business and regulatory compliance purposes, subject to applicable laws and regulation. For example, we are subject to various AML and CTF regulations which, in a number of jurisdictions, require us to retain certain personal data for a minimum period of five years following the closure of your US NOTA Account.

6. AML and CTF Compliance

Our AML and CTF procedures are guided by all applicable laws and regulations regarding AML and CTF. These standards are designed to prevent the use of the US NOTA Services for money laundering or terrorist financing activities. We take compliance seriously. It is our policy to take all necessary steps to prohibit fraudulent transactions, report suspicious activities, and actively engage in the prevention of money laundering and any related acts that facilitate money laundering, terrorist financing or any other financial crimes.

7. USA PATRIOT Act Notification

This Section 7 applies only if your country of residence is the United States.

Please note that Section 326 of the USA PATRIOT Act of 2001 requires all financial institutions to obtain, verify, and record information that identifies each person who registers a US NOTA Account. This federal requirement applies to all new Users. This information is used to assist the U.S. Government in the fight against the funding of terrorism and money laundering activities.

What this means for you: when each person registers a US NOTA Account, we will ask each person for his or her name, physical address, correspondence address, date of birth, and other information that will allow us to identify him / her.

8. US NOTA Support Only; Forks & Advanced Protocols Not Supported

Your US NOTA Account only supports sending and receiving US NOTA. If you attempt to send any other virtual currency, token, digital currency, or similar digital assets other than US NOTA (“Other Digital Assets”) to your US NOTA Account, such other digital assets will be lost forever. If you attempt to send US NOTA from your US NOTA Account to a wallet or address that does not support US NOTA, your US NOTA will be lost forever. NOTA bears no responsibility for any losses you might incur as a result of you sending other digital assets to your US NOTA Account or you sending US NOTA from your US NOTA Account to a wallet or address that does not support US NOTA.

As a result of the decentralized and open-source nature of US NOTA it is possible that a party unaffiliated with NOTA could create an alternative version of US NOTA (a “fork”) that operates independently from US NOTA. NOTA supports only US NOTA and is under no obligation to support any fork of US NOTA and assumes no responsibility for any value that might be lost as a result of this lack of support of forks of US NOTA.  In the event of a fork of US NOTA, NOTA shall, in its sole discretion, determine which fork of US NOTA it will support, if any.

Note that in the event of a fork of US NOTA, NOTA may be forced to suspend all activities relating to US NOTA (including tokenizing U.S. Dollars for US NOTA, or redeeming US NOTA for U.S. Dollars, sending, and receiving US NOTA) for an extended period of time until NOTA has determined in its sole discretion that such functionality can be restored (“Downtime”). This Downtime will likely occur immediately upon a “fork” of US NOTA, potentially with little to no warning, and during this period of Downtime you will not be able to tokenize U.S. Dollars for US NOTA, nor redeem, send or receive US NOTA.  

9. XinFin Network and Smart Contract Modifications

US NOTA operates on the XinFin blockchain. NOTA does not have any ability or obligation to prevent or mitigate attacks or resolve any other issues that might arise with the XinFin blockchain. Any such attacks or delays on the XinFin blockchain might materially delay or prevent you from sending or receiving US NOTA, and NOTA shall bear no responsibility for any losses that result from such issues.

Note that in certain circumstances (including, but not limited to, a fork of the XinFin blockchain or the identification of a security issue with the XinFin blockchain) NOTA may be forced to suspend all activities relating to US NOTA (including tokenizing U.S. Dollars for US NOTA, or redeeming US NOTA for U.S. Dollars, sending and receiving US NOTA) for an extended period of time until such Downtime is over and US NOTA Services can be restored. This Downtime will likely occur immediately upon a fork of the XinFin blockchain, potentially with little to no warning, and during this period of Downtime you will not be able to tokenize U.S. Dollars for US NOTA, nor redeem, send, or receive US NOTA.  

NOTA reserves the right to migrate US NOTA to another blockchain or protocol in the future should NOTA determine, in its reasonable discretion, that doing so is necessary or desirable. Upon NOTA’s request, you agree to take any and all actions reasonably necessary to effectuate the migration of your US NOTA to another blockchain or protocol identified by NOTA. If you fail to effectuate such migration, the US NOTA may not be compatible with your US NOTA Account going forward. Notwithstanding any other provision of this Agreement, NOTA will not be responsible or liable for any damages, losses, costs, fines, penalties or expenses of whatever nature, whether or not reasonably foreseeable by the parties, which you may suffer, sustain or incur, arising out of or relating to your failure to effectuate such migration of your US NOTA to another blockchain or protocol identified by NOTA.

10. Privacy Policy

We are committed to protecting your personal information and helping you to understand exactly how your personal information is being used. You should carefully read our Privacy Policy, as it provides details on how your personal information is collected, stored, protected, and used.

For customers located within the European Economic Area (“EEA”), NOTA Trade Europe Limited, an affiliate of NOTA, is your representative in the EEA for the purposes of the General Data Protection Regulation (EU) 2016/679.

11. Communications

By entering into this Agreement, you agree to receive electronic communications and notifications in accordance with our E-Sign Consent Policy. This Agreement is provided to you and communicated in English. We will also communicate with you in English for all matters related to your use of US NOTA Services. Where we have provided you with a translation of the English language version of this Agreement, you agree that this translation is provided for your convenience only and that the English language version of the Agreement governs your use of the US NOTA Services.

12. Security of User Information

You are responsible for maintaining the confidentiality and security of any and all account names, user IDs, passwords, personal identification numbers (PINs) and mobile unlock codes that you use to access the US NOTA Services. You are responsible for keeping your email address up-to-date in your US NOTA Account profile and for maintaining the confidentiality of your user information. You agree to (i) notify NOTA immediately if you become aware of any unauthorized use of your US NOTA Account, the US NOTA Services, or any other breach of security regarding the US NOTA Services. We strongly advise you to enable all relevant security features such as two-factor authentication, as available: this offers you greater protection from possible attackers attempting to log in to your Account than password alone, and in situations where your email and/or password is compromised by a third-party data breach. NOTA will not be liable for any loss or damage arising from your failure to protect your account information.

We shall not bear any liability for any damage or interruptions caused by any computer viruses, spyware, or other malware that may affect your computer or other equipment, or any phishing, spoofing, or other attack. We advise the regular use of a reliable virus and malware screening and prevention software. If you question the authenticity of a communication purporting to be from Nota, you should login to your US NOTA Account through the US NOTA Services website or mobile applications, not by clicking links contained in emails.

13. Account Suspension & Closure

We may without liability to you or any third-party suspend your US NOTA Account, consolidate your US NOTA Accounts if you have more than one, or terminate your US NOTA Account or suspend your use of one or more of the US NOTA Services in accordance with the terms of this Agreement, as determined in our sole and absolute discretion. Such actions may be taken as a result of account inactivity, failure to respond to customer support requests, failure to positively identify you, a court order, your violation of the terms of this Agreement (including, but not limited to, Sections 23 and 24) or for other similar reasons. This may result in your loss or forfeit of U.S. Dollar funds corresponding to the US NOTA capable of redemption in your US NOTA Account. NOTA may also temporarily suspend access to your US NOTA Account in the event that a technical problem causes system outage or US NOTA Account errors until the problem is resolved.

You may terminate this Agreement at any time by closing your US NOTA Account in accordance with this Agreement. In order to do so, you should contact Support who will assist you in closing your US NOTA Account. You may not terminate your US NOTA Account if NOTA believes (in its sole discretion) that such closure is being performed in an effort to evade a court order or legal or regulatory investigation or to avoid paying any amounts otherwise due to NOTA.

We encourage you to transfer any US NOTA out of your US NOTA Account or redeem your US NOTA for U.S. Dollars prior to issuing a request to terminate your US NOTA Account. We will be unable to terminate your US NOTA Account at your request unless you have zero US NOTA in your US NOTA Account. We reserve the right to restrict or refuse to permit redemptions or transfers from your US NOTA Account if (i) your US NOTA Account has otherwise been suspended or unilaterally terminated by NOTA in accordance with this Agreement or (ii) to do so would be prohibited by law or a court order or we have determined that the US NOTA were obtained fraudulently.

Upon closure or suspension of your US NOTA Account, you authorize NOTA to cancel or suspend pending transactions and forfeit all proprietary rights and claims against NOTA in relation to any U.S. Dollar funds otherwise eligible for redemption.

In the event that you or NOTA terminates this Agreement, or your access to the US NOTA Services, or cancels your US NOTA Account, you remain liable for all activity conducted on or with your US NOTA Account while it was active and for all amounts due hereunder.

If you are seeking to terminate a US NOTA Account on behalf of a deceased User, please contact support@usnota.com

14. Risk Factors & Disclosures

The following list of risks associated with US NOTA and the US NOTA Services is not exhaustive.

No guarantee of price stability

Subject to the limitations set forth in this User Agreement, (i) when NOTA tokenizes U.S. Dollars for US NOTA, it will always do so at a rate of one U.S. Dollar (US$1) per one (1) US Nota and (ii) when NOTA redeems US NOTA for U.S. Dollars, it will always redeem such US NOTA at a rate of one U.S. Dollar (US$1) per one (1) US NOTA, less fees where applicable.

For each US NOTA that is issued by NOTA and remains in circulation, NOTA will maintain the equivalent of one U.S. Dollar (US$1) with its banking partners in Segregated Accounts, on behalf of, and for the benefit of, Users.  NOTA believes these actions will promote the price stability of US NOTA with an intended goal of one US NOTA being worth one U.S .Dollar (US$1). However, this does not guarantee that the value of one US NOTA will always equal one U.S. Dollar.  Due to a variety of factors outside of NOTA’s control, the value of US NOTA, particularly on third-party platforms such as cryptocurrency exchange platforms, can fluctuate above or below one U.S. Dollar. NOTA cannot control how third-parties value US NOTA, and NOTA is not responsible for any losses or other issues that may result from fluctuations in the value of US NOTA.

Third-party platforms

US NOTA is based on open-source software and runs on the XinFin blockchain. This means that third-parties can elect to support US NOTA on their platforms without any authorization or approval by NOTA or anyone else.  As a result, US NOTA support on any third-party platform does not imply any endorsement by NOTA that such third-party services are valid, legal, stable or otherwise appropriate. NOTA is not responsible for any losses or other issues you might encounter using US NOTA on non-NOTA platforms.

Users accept all consequences of sending US NOTA off of NOTA’s platform. US NOTA transactions are not reversible. Once you send US NOTA to an address, you accept the risk that you may lose access to, and any claim on, that US NOTA indefinitely or permanently. For example, (i) an address may have been entered incorrectly and the true owner of the address may never be discovered, (ii) you may not have (or subsequently lose) the private key associated with such address, (iii) an address may belong to an entity that will not return the US NOTA, (iv) an address belongs to an entity that may return the US NOTA, but first requires action on your part such as verification of your identity. For the avoidance of doubt, nothing in this Agreement is intended to obligate NOTA to track, verify or determine the provenance of US NOTA balances for Users (including any form of security interests claimed thereon).

Blocked Addresses & Forfeited Funds

NOTA reserves the right to “block” certain US NOTA addresses and, if such addresses are NOTA custodied addresses, freeze associated US NOTA (temporarily or permanently) that it determines, in its sole discretion, are associated with illegal activity or activity that otherwise violates the terms of this User Agreement (“Blocked Addresses”). In the event that you send US NOTA to a Blocked Address, or receive US NOTA a Blocked Address, NOTA may freeze such US NOTA and take steps to terminate your US NOTA Account. In certain circumstances, NOTA may deem it necessary to report such suspected illegal activity to applicable law enforcement agencies and you may forfeit any rights associated with your US NOTA (including the ability to redeem US NOTA for U.S. Dollars). NOTA may also be forced to freeze US NOTA and / or surrender associated U.S. Dollars held in Segregated Accounts in the event it receives a legal order from a valid government authority requiring it to do so.

US NOTA is only issued and redeemed in accordance with NOTA policies. NOTA reserves the right to block the transfer of US NOTA to and from an address in circumstances set forth in the US Nota Blacklisting Policy.

Software protocols and operational challenges

You are aware of and accept the risk of operational challenges. NOTA may experience unexpected surges in activity, sophisticated cyber-attacks, or other operational or technical difficulties that may cause interruptions to the US NOTA Services. You understand that the US NOTA Services may experience operational issues that lead to delays (including delays in redeeming US NOTA). You agree to accept the risk of transaction failure resulting from unanticipated or heightened technical difficulties (including those resulting from sophisticated attacks). You agree not to hold NOTA accountable for any related losses.

Compliance

You are responsible for complying with applicable law. You agree that NOTA is not responsible for determining whether or which laws may apply to your transactions (including tax laws). You are solely responsible for reporting and paying any taxes arising from your use of the US NOTA Services (including any accurate reporting of the tax or legal status of US NOTA in your jurisdiction).

Legislative and regulatory changes

Legislative and regulatory changes or actions at the U.S. state, U.S. federal, or international level may adversely affect the tokenization of U.S. Dollars into US NOTA, and the use, transfer, redemption and / or value of US NOTA.

No deposit insurance

US NOTA held in your US NOTA Account are not subject to deposit insurance protection (including, but not limited to, (i) where your country of residence is the United States, the Federal Deposit Insurance Corporation insurance or Securities Investor Protection Corporation protections; or (ii) where your country of residence is outside of the United States, the United Kingdom Financial Services Compensation Scheme or equivalent scheme in your country of residence).

Claim on funds

NOTA holds the equivalent value of one U.S. Dollar (US$1) in Segregated Accounts, on behalf of, and for the benefit of, Users for each US NOTA that is issued by NOTA and remains in circulation. US NOTA is only issued and redeemed in accordance with NOTA policies. Your ability to redeem US NOTA for U.S. Dollars is conditional on (i) your possession of a corresponding amount of US NOTA associated with a registered US NOTA Account, (ii) no violation of this User Agreementand the respective NOTA policies, and (iii) no action, pending or otherwise, by a regulator, law enforcement or a court of competent jurisdiction that would restrict redemption.

Sending US NOTA is only issued and redeemed in accordance with NOTA policies to another address automatically transfers and assigns to that Holder, and any subsequent Holder, the right to redeem US NOTA is only issued and redeemed in accordance with NOTA policies for US Dollar funds, so long as the Holder is eligible to, and does, register a US NOTA Account.

Legal treatment of US NOTA transfers

The regulatory status of US NOTA and blockchain technology is unclear, or unsettled, in many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply existing regulation with respect to US NOTA, blockchain technology and its applications. Accordingly, it is not possible to determine whether a US NOTA transfer would be recognized under applicable law by a court or regulator at the U.S. state, U.S. federal, or international level.

Encumbrances

Depending on the actions of the owners of US NOTA addresses before your receipt of US NOTA from another US NOTA address, it is possible that the transfer of US NOTA between US NOTA addresses could result in the US NOTA in your US NOTA Account becoming subject to a lien or other form of security interest before redemption.

On-chain transactions irreversible

When US NOTA is sent out of your US NOTA Account to a third-party US NOTA address, such transaction is completed on the XinFin blockchain. This means that such transaction is irreversible, and NOTA does not have the ability to reverse or recall any transaction once initiated. You bear all responsibility for any losses that might be incurred as a result of sending US NOTA to an incorrect or unintended US NOTA address.

15. Services; Third-Parties

NOTA provides you with a secure and convenient way to establish a US NOTA Account for purposes of (i) tokenizing U.S. Dollars for US NOTA from NOTA, (ii) redeeming US NOTA for U.S. Dollars from NOTA in accordance with the respective NOTA policies, (iii) sending and receiving US NOTA to and / or from US NOTA Accounts (collectively, the “US NOTA Services”); subject to this Agreement and provided that any of these Services can be discontinued at any time in accordance with Section 20.  For purposes of the foregoing, NOTA’s “Nota Pay” and “Nota Earn” mobile applications, as well as sending or receiving US NOTA via a non-US NOTA Account, are specifically excluded from the definition of US NOTA Services.

NOTA does not have control of, or liability for, any products or services that are purchased or sold by third-parties using the US NOTA Services. NOTA is not liable for any losses or issues that may arise from such third-party transactions (including, but not limited to, legality (including any consequences for illegal transactions that might be triggered under this Agreement), quality, delivery, or satisfaction with any products purchased by means of a US NOTA transfer). If you are not satisfied with any goods or services purchased from, or sold to, a third-party using the US NOTA Services, you must handle those issues directly with the third-party seller or buyer, as applicable.

16. Mobile Services

To the extent you access the US NOTA Services through a mobile device, your wireless service carrier’s standard charges, data rates, and other fees may apply. By using mobile US NOTA Services, you agree that we may communicate with you by SMS, text message, push notification, and/or other electronic means via your mobile device and that certain information about your usage of the US NOTA Services may be communicated to us. In the event that you change or deactivate your mobile telephone number, you agree to promptly update your account information to ensure that your messages are not sent to any person who might acquire your old number.

17. Fees; Authorization

Except as disclosed on the US NOTA Fee Schedule, or as otherwise disclosed to you prior to completing a transaction in your US NOTA Account, NOTA will not charge you any fees for tokenizing U.S. Dollars for US NOTA, sending US NOTA, or receiving US NOTA. As disclosed on the US NOTA Fee Schedule, NOTA charges fees in connection with the redemption of US NOTA for U.S. Dollars. You should always check the US NOTA Fee Schedule before completing a transaction in your US NOTA Account to make sure you understand exactly what fees might be incurred. You also agree to pay any other fees that may be charged by your bank in connection with sending funds to NOTA or receiving funds from NOTA.

18. Currency Conversion

All tokenizations of U.S. Dollars will be credited in US NOTA to your US NOTA Account based on a rate of one (1) US NOTA per one U.S. Dollar (US$1). If you wire funds to NOTA to complete a tokenization of U.S. Dollars into US NOTA, you should denominate your wire transfer in U.S. Dollars. If you transmit your wire in a currency other than U.S. Dollars, NOTA’s banking partners will convert such funds to U.S. Dollars at such bank’s then applicable conversion rate and may charge additional fees for completing such currency conversion. Your US NOTA Account will then be credited with an amount of US NOTA equal to the amount of U.S. Dollars that results following such currency conversion and deduction of any fees charged for such currency conversion. NOTA is not responsible for any processing delays that may result in connection with completing such currency conversion. Additionally, NOTA’s banking partners may not support non-U.S. Dollar currencies and may be forced to reject or return a wire received in a non-supported currency. Note that your US NOTA Account only supports US NOTA amounts out to two decimal places, so all US NOTA amounts will be rounded down to two decimal places.

19. Transaction Limits

NOTA reserves the right to change the tokenization, redemption, conversion, storage, and velocity limits on your US NOTA Account as we deem necessary. We may establish individual, or aggregate, transaction limits on the size, or number, of tokenizations, or redemptions you make during any specified time period.

20. Right to Change / Remove Features or Suspend / Delay Transactions

We reserve the right to change, suspend, or discontinue any aspect of the US NOTA Services at any time (including hours of operation or availability of any feature, without notice and without liability). We may decline to process any tokenization or redemption without prior notice and may limit or suspend your use of one or more US NOTA Services at any time, in our sole discretion. Suspension of your use of any of the US NOTA Services will not affect your rights and obligations pursuant to this Agreement. We may, in our sole discretion, delay tokenizations or redemptions if we believe the transaction is suspicious, may involve fraud or misconduct, violates applicable laws, or violates the terms of this Agreement.

21. Transactions Irreversible

Once a transaction has been initiated, it cannot be reversed. Except as set forth in this Agreement, all transactions processed through the US NOTA Services are non-refundable. You may have further refund or chargeback rights under your agreement with the recipient of such funds, your bank, or applicable law. You should periodically review statements from your bank, which should reflect all applicable transactions made using that payment method. You can also access the record of your transactions by logging into your US NOTA Account.  

22. Insufficient Funds

If a payment made to tokenize U.S. Dollars for US NOTA is reversed by your bank, or NOTA’s banking partners after a tokenization of U.S. Dollars for US NOTA is completed, then NOTA reserves the right to (i) retroactively cancel such tokenization of U.S. Dollars for US NOTA and minus such US NOTA from your US NOTA Account, (ii) minus such amounts from future tokenizations to your US NOTA Account or otherwise received into your US NOTA Account, (iii) suspend your US NOTA Account and access to the US NOTA Services until resolved, (iv) if you maintain more than one US NOTA Account, set off the negative amount of US NOTA in one US NOTA Account by applying the amount of US NOTA you hold in your other US NOTA Account(s) against the negative amount, and (v) pursue legal action or any other means of recovery legally available. To secure your performance of this Agreement, you grant to NOTA the right to (a) block transfers of US NOTA from your account (including any non-US NOTA account), (b) set off any fees or other amounts owed by you against funds Nota holds on your behalf.

In the event that NOTA is forced to engage a third-party to assist with the recovery of any funds owed by you to NOTA, you will be charged fees or expenses that are incurred by NOTA in connection with such recovery efforts (including, but not limited to, collection fees, legal fees or convenience fees charged by third parties). You hereby explicitly agree that all communication in relation to a funds owed by you to NOTA, or a delinquent account, will be made by electronic mail or phone. Such communication may be made by NOTA or by any third-party acting on its behalf, including but not limited to a third-party collection agent. Note that if NOTA is forced to engage such third parties in connection with recovering amounts that you owe NOTA, your credit may be negatively impacted.

23. Restricted Activities

In connection with your use of the US NOTA Services, you hereby agree that you will not:

a) violate (or assist any other party in violating) any applicable law, statute, ordinance, or regulation;

b) intentionally try to defraud (or assist in the defrauding of) NOTA or other NOTA users;

c) provide false, inaccurate, or misleading information;

d) take action that interferes with, intercepts, or expropriates any system, data, or information;

e) partake in any transaction involving the proceeds of illegal activity;

f) transmit or upload any virus, worm, or other malicious software or program;

g) attempt to gain unauthorized access to other US NOTA Accounts, the NOTA website, or any related networks or systems;

h) use the US NOTA Services on behalf of any third-party or otherwise act as an intermediary between NOTA and any third-parties;

i) collect any user information from other NOTA users (including, without limitation, email addresses);

j) defame, harass, or violate the privacy or intellectual property rights of NOTA or any other Nota users; or

k) upload, transmit or display any messages, photos, videos or other media that contain illegal goods, violent, obscene or copyrighted images or materials

(such activities, “Restricted Activities”).

24. Prohibited Transactions

Using the US NOTA Services for transfers related to the following is prohibited, and NOTA reserves the right to monitor for transactions that relate to:

a) any Restricted Persons or persons or entities located in Restricted Territories (as each term is defined in Section 38);

b) weapons of any kind (including but not limited to firearms, ammunition, knives, explosives, or related accessories);

c) controlled substances (including but not limited to narcotics, prescription drugs, steroids, or related paraphernalia or accessories, unless licensed and authorized by the jurisdiction in which the customer is based as well as by the jurisdiction in which the transaction takes place);

d) gambling activities (including but not limited to sports betting, casino games, horse racing, dog racing, games that may be classified as gambling (i.e. poker), or other activities that facilitate any of the foregoing, unless licensed and authorized by the jurisdiction in which the customer is based as well as by the jurisdiction in which the transaction takes place);

e) money-laundering or terrorist financing;

f) any sort of Ponzi scheme, pyramid scheme, or multi-level marketing program;

g) goods or services that infringe or violate any copyright, trademark, or proprietary rights under the laws of any jurisdiction;

h) credit repair services, or other services that may present consumer protection risks;

i) court ordered payments, structured settlements, tax payments, or tax settlements;

j) any unlicensed money transmitter activity;

k) layaway systems, or annuities;

l) counterfeit goods (including but not limited to fake or “novelty” IDs);

m) wash trading, front-running, insider trading, market manipulation or other forms of market-based fraud or deceit;

n) purchasing goods of any type from “Darknet” markets, or any other service or website that acts as a marketplace for illegal goods (even though such marketplace might also sell legal goods); or

o) any other matters, goods, or services that we occasionally communicate to you that are unacceptable and which, for example, may be restricted by our and your bank or payment partners

(such transactions, “Prohibited Transactions”).

In the event that NOTA learns you are making any such Prohibited Transactions, NOTA will consider it to be a violation of this Agreement and may suspend or terminate your US NOTA Account, which can result in the potential forfeit of any US Dollar funds otherwise eligible for redemption.

25. Errors

If an Error (as defined below) occurs through your US NOTA Account, and you follow the procedures set forth in this Section 25, NOTA will reimburse you for the amount of any losses resulting from an Error, subject to the limitations set forth in this Section 25.

What Constitutes an Error?

For purposes of this Section 25, an “Error” means one of the following: (i) if your bank account is charged for a tokenization, NOTA receives the funds, but the corresponding US Nota does not show up in your US NOTA Account; (ii) if you complete a redemption from US NOTA and the funds are not properly delivered by NOTA to your bank account; (iii) you transfer US NOTA from your US NOTA Account to an external address and we debit your US NOTA Account for a US NOTA amount in excess of the sent amount; (iv) if you receive US NOTA to your US NOTA Account and we do not add the correct amount to your US NOTA Account; (v) if the transaction records in your US NOTA Account do not accurately reflect your transactions; or (vi) there is some other material mathematical or computational error by NOTA in calculating tokenization or redemption amounts.

Notifying Nota of an Error

You should notify us immediately if you believe that (i) an Error has occurred or you believe there is an Error in your transaction records or account history, or you have a question regarding your transaction records or account history.

In order for Errors to be covered by NOTA, you must notify us within 30 days of such Error showing up in your transaction history and / or account statement.  If you do not notify us within 30 days, then you will not be covered by the protections of this Section 25.

Notification Process

The quickest and most efficient way to notify us of an Error is to contact Support via email at support@usnota.com.  

Whichever way you choose to notify us, you must include: (i) the name and email associated with your US NOTA Account, (ii) a detailed description of what Error you believe occurred, or what information you need in order to determine if an Error occurred, and (iii) the amount in U.S. Dollars of such Error.

Note that in connection with investigating and / or resolving any Error, we may need to request further information from you regarding the circumstances of the Error. If you do not provide this additional information, it may inhibit our ability to resolve your issue or limit your rights under this Section 25.

Steps Nota Will Take Following Notification

Once you have provided us with proper notification (including delivering all of the information set forth in the subsection above and responding to any requests for further information), we will investigate the potential Error. We will typically be able to complete our investigation within 30 days but may require up to 60 days if your US NOTA Account is new (meaning your US NOTA Account has been active for less than 30 days at the time we receive your notification).

Sometimes, we may need more time in order to complete our investigation (up to 30 days, or 60 days for a new account).  If we need to take more than 30 days to investigate your claim (or 60 days for new accounts), we may provisionally credit your US NOTA Account with the amount of the Error.  

Once we have completed our investigation, we will notify you of our decision within three business days. If we determine that your claim of an Error is valid and eligible, we will credit your US NOTA Account for the amount of the Error, subject to the limitations set forth below. If we have already provisionally credited your US NOTA Account and determine that your claim of an Error is valid and eligible, you will be allowed to keep such provisional credit. If we have already provisionally credited your US NOTA Account and determine that your claim of an Error is not valid and / or eligible, the amount provisionally credited will be debited from your US NOTA Account.

Regardless of the results of our investigation, we will send you an email explaining the basis for our decision. If you have any questions or concerns regarding our decision, you can request further information regarding the details that led to our decision.

Errors We Discover

If we discover an Error on our own that results in you receiving less than the amount of US Dollar funds to which you are entitled, we will rectify this Error by crediting your US NOTA Account with US NOTA corresponding to the difference. If we discover an Error on our own that results in you receiving more than the amount of funds to which you are entitled, we will rectify this Error by debiting your US NOTA Account with US NOTA corresponding to the difference.

26. Taxes

NOTA will maintain a record of your transaction history, which you will be able to access through your US NOTA Account for purposes of making any required tax filings or payments, but it is your responsibility to determine what, if any, taxes apply to the payments you make or receive, and to collect, report, and remit the correct tax to the appropriate tax authority. This transaction history will include all transactions you complete with NOTA (including tokenizing U.S. Dollars for US NOTA, redeeming US NOTA for U.S. Dollars, and transferring US NOTA). NOTA will make any tax withholdings or filings that we are required by law to make, but NOTA is not responsible for determining whether taxes apply to your transaction, or for collecting, reporting, or remitting any taxes arising from any transaction. As more fully described in this Agreement, NOTA will hold the U.S. Dollars or equivalent assets on behalf of Users in a Segregated Account or Accounts. NOTA, not the Users, will earn interest on the U.S. Dollars or equivalent assets in such accounts, and NOTA will surrender the established value of the US NOTA in U.S. Dollars upon valid redemption of the US NOTA in accordance with the requirements set out in this Agreement. NOTA and each User do not intend the tokenization of U.S. Dollars to result in a transfer of ownership of the U.S. Dollars to NOTA and NOTA may take the position that this arrangement constitutes a bailment or other arrangement by which NOTA holds the U.S. Dollars for the benefit of the Users pending valid redemption.

27. Indemnification; Release

You agree to indemnify and hold NOTA, its affiliates, and service providers, and each of their officers, directors, agents, joint venturers, employees, and representatives harmless from any claim or demand (including lawyers’ fees and any losses, fines, fees or penalties imposed by any regulatory authority) arising out of your breach of this Agreement, your violation of any law or regulation or your use of the US NOTA Services.

For the purpose of this Section 27, the term “losses” means all net costs reasonably incurred by us or the other persons referred to in this Section that are the result of the matters set out in this Section 27 and that may relate to any claims, demands, causes of action, debt, cost, expense or other liability (including reasonable legal fees (without duplication)).

If you have a dispute with one or more Users or third-parties, you release NOTA (and its affiliates and service providers, and each of their officers, directors, agents, joint ventures, employees and representatives) from any and all claims, demands, and damages (actual and consequential) of every kind and nature arising out of or in any way connected with such dispute.

28. Limitation of Liability; No Warranty

YOU EXPRESSLY UNDERSTAND AND AGREE THAT NOTA AND OUR AFFILIATES AND SERVICE PROVIDERS, AND THEIR RESPECTIVE OFFICERS, DIRECTORS, AGENTS, JOINT VENTURERS, EMPLOYEES, AND REPRESENTATIVES WILL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY DAMAGES, OR DAMAGES FOR LOSS OF PROFITS INCLUDING BUT NOT LIMITED TO, DAMAGES FOR LOSS OF GOODWILL, USE, DATA, OR OTHER INTANGIBLE LOSSES (EVEN IF NOTA HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES), WHETHER BASED ON CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR OTHERWISE, RESULTING FROM: (I) THE USE OR THE INABILITY TO USE THE US NOTA SERVICES; (II) THE COST OF PROCUREMENT OF SUBSTITUTE GOODS AND SERVICES RESULTING FROM ANY GOODS, DATA, INFORMATION, OR SERVICES PURCHASED OR OBTAINED OR MESSAGES RECEIVED OR TRANSACTIONS ENTERED INTO THROUGH OR FROM THE US NOTA SERVICES; (III) UNAUTHORIZED ACCESS TO OR ALTERATION OF YOUR TRANSMISSIONS OR DATA; OR (IV) ANY OTHER MATTER RELATING TO THE US NOTA SERVICES. NOTA WILL NOT BE LIABLE FOR EXEMPLARY OR PUNITIVE DAMAGES OR OTHER INDIRECT LOSSES.

SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES. ACCORDINGLY, SOME OF THE LIMITATIONS SET FORTH ABOVE MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THE US NOTA SERVICES OR WITH THIS AGREEMENT, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USE OF THE US NOTA SERVICES AND TERMINATE YOUR US NOTA ACCOUNT.

THE US NOTA SERVICES ARE PROVIDED "AS IS" AND WITHOUT ANY REPRESENTATION OR WARRANTY, WHETHER EXPRESS, IMPLIED OR STATUTORY. NOTA, OUR AFFILIATES, AND OUR RESPECTIVE OFFICERS, DIRECTORS, AGENTS, JOINT VENTURERS, EMPLOYEES, AND SUPPLIERS SPECIFICALLY DISCLAIM ANY IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT. NOTA MAKES NO WARRANTY THAT (I) THE US NOTA SERVICES WILL MEET YOUR REQUIREMENTS, (II) THE US NOTA SERVICES WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE, OR (III) THE QUALITY OF ANY PRODUCTS, SERVICES, INFORMATION, OR OTHER MATERIAL PURCHASED OR OBTAINED BY YOU WILL MEET YOUR EXPECTATIONS.

NOTA will make reasonable attempts to ensure that requests for electronic debits and credits involving bank accounts and check issuances are processed in a timely manner, but NOTA makes no representations or warranties regarding the amount of time needed to complete processing because the US NOTA Services are dependent upon many factors outside of our control, such as delays in the banking system or the U.S. or international mail service. Some jurisdictions do not allow the disclaimer of implied warranties, so the foregoing disclaimers may not apply to you. This Section 28 gives you specific legal rights and you may also have other legal rights that vary from state to state.

29. Force Majeure

NOTA shall have no liability for any failure or delay resulting from any condition beyond our reasonable control (including but not limited to governmental action or acts of terrorism, earthquake, fire, flood, or other acts of God, labor conditions, power failures, equipment failures, and Internet disturbances).

30. Arbitration

This Section 30 applies only if your country of residence is the United States.

Except for claims for injunctive, or equitable relief, or claims regarding intellectual property rights (which may be brought, in an individual capacity only, and not on a class-wide or representative basis, in the courts specified in Section 39 without the posting of a bond), any dispute between you and NOTA related in any way to, or arising in any way from, our US NOTA Services or this Agreement (“Dispute”) shall be finally settled on an individual, non-representative basis in binding arbitration in accordance with the American Arbitration Association (“AAA”) rules for arbitration of consumer-related disputes (available from AAA on its website at www.adr.org), as modified by this Agreement, or in accordance with rules on which we may mutually agree; provided, however, that to the extent a Dispute is within the scope of a small claims court’s jurisdiction, either you or Nota may commence an action in small claims court, in the county of your most recent physical address, to resolve the Dispute.

Any arbitration will be conducted by a single, neutral arbitrator and shall take place in the county of your most recent physical address. The arbitrator may award any relief that a court of competent jurisdiction could award (including lawyers’ fees when authorized by law). The arbitral decision may be enforced in any court of competent jurisdiction. An arbitral decision is subject to very limited review by a court. This Agreement evidences a transaction involving interstate commerce, and therefore, the Federal Arbitration Act (“FAA”) applies to this Agreement (including the agreement to arbitrate set forth in this Section 30). Nota and User each agree that the FAA, and not state law, shall govern whether a Dispute is subject to arbitration.

31. Amendments

NOTA may amend any portion of this Agreement at any time by posting the revised version of this Agreement with an updated revision date. The changes will become effective, and shall be deemed accepted by you, the first time you use the US NOTA Services after the initial posting of the revised User Agreement and shall apply on a going-forward basis with respect to transactions initiated after the posting date. In the event that you do not agree with any such modification, your sole and exclusive remedy is to terminate your use of the US NOTA Services and terminate your US NOTA Account. You agree that we shall not be liable to you or any third-party as a result of any losses suffered by any modification or amendment of this Agreement.

If the revised Agreement includes a material change we will provide you with prior notice via our website and / or email before the material change becomes effective. For this purpose a “material change” means a significant change other than changes that: (i) are to your benefit; (ii) are required to be made to comply with applicable laws and/or regulations or as otherwise required by one of our regulators; (iii) relates to a new product or service made available to you; or (iv) otherwise clarifies an existing term.

32. Assignment and Third-Party Holders

You may not transfer or assign this Agreement or any rights or obligations hereunder, by operation of law or otherwise and any such attempted assignment shall be void, subject to the following exception. Sending US NOTA to an address will automatically transfer and assign to that Holder, and any subsequent Holder, the right to redeem US NOTA for U.S. Dollar funds so long as the Holder is eligible to, and does, register a US NOTA Account.

Each Holder is subject to all terms of this Agreement as if a User (including, but not limited to, the requirements to not transact with Blocked Addresses and not engage in Restricted Activities or Prohibited Transactions).

We reserve the right to freely assign this Agreement and the rights and obligations of this Agreement to any third-party at any time without notice or consent. If you object to such transfer or assignment, you may stop using our US NOTA Services and terminate this Agreement by contacting Support at support@usnota.com and asking us to close your US NOTA Account.

33. Survival

Upon termination of your US NOTA Account and this Agreement, all rights and obligations of the parties that by their nature are continuing will survive such termination.

34. Third-Party Applications

If you grant express permission to a third-party to connect to your US NOTA Account, either through the third-party's product or through NOTA, you acknowledge that granting permission to a third-party to take specific actions on your behalf does not relieve you of any of your responsibilities under this Agreement. Further, you acknowledge and agree that you will not hold NOTA responsible for, and will indemnify NOTA from, any liability arising from the actions or inactions of this third-party in connection with the permissions you grant.

35. Website; Third-Party Content

NOTA strives to provide accurate and reliable information and content on the NOTA website, but such information may not always be correct, complete, or up-to-date. NOTA tries update the information on the NOTA website as necessary to provide you with the most up-to-date information, but you should also independently verify such information. The NOTA website may also contain links to third-party websites, applications, events or other materials (“Third-Party Content”). Such information is provided for your convenience and links or references to Third-Party Content do not constitute an endorsement by NOTA of any products or services. NOTA shall have no liability for any losses incurred as a result of actions taken in reliance on the information contained on the NOTA website or in any Third-Party Content.

36. Limited License; IP Rights

We grant you a limited, non-exclusive, non-sublicensable, and non-transferable license, subject to the terms and conditions of this Agreement, to access and use the US NOTA Services solely for approved purposes as determined by NOTA. Any other use of the US NOTA Services is expressly prohibited. NOTA and its licensors reserve all rights in the US NOTA Services and you agree that this Agreement does not grant you any rights in or licenses to the US NOTA Services except for the limited license set forth above. Except as expressly authorized by NOTA, you agree not to modify, reverse engineer, copy, frame, scrape, rent, lease, loan, sell, distribute, or create derivative works based on the US NOTA Services, in whole or in part. If you violate any portion of this Agreement, your permission to access and use the US NOTA Services may be terminated pursuant to this Agreement. "USNOTA.com", "USNOTA", "NOTA", and all logos related to the US NOTA Services are either trademarks, or registered marks of NOTA or its licensors. You may not copy, imitate, or use them without NOTA's prior written consent. All right, title, and interest in and to the NOTA website, any content thereon, the US NOTA Services, and all technology and any content created or derived from any of the foregoing is the exclusive property of NOTA and its licensors.

37. Unclaimed Property

If NOTA is holding on your behalf US Dollar funds corresponding to the US NOTA capable of redemption in your US NOTA Account, and NOTA is unable to contact you and has no record of your use of the US NOTA Services for several years, applicable law may require NOTA to report the corresponding US Dollar funds as unclaimed property to the applicable jurisdiction. If this occurs, NOTA will try to locate you at the address shown in our records, but if NOTA is unable to locate you, it may be required to deliver any such funds to the applicable state or jurisdiction as unclaimed property. NOTA reserves the right to deduct a dormancy fee or other administrative charges from such unclaimed funds, as permitted by applicable law.

38. Legal Compliance

The US NOTA Services are subject to United States Export Administration Regulations, but by using the US Nota Services, you represent and warrant that your actions do not violate any such export control restrictions. Without limiting the foregoing, you may not use the US NOTA Services if (i) you are a resident, national or agent of Cuba, North Korea, Sudan, Syria or any other country to which the United States embargoes goods (“Restricted Territories”), (ii) you are on the Table of Denial Orders, the Entity List, or the List of Specially Designated Nationals (“Restricted Persons”), or (iii) you intend to transact with any Restricted Territories or Restricted Persons.

39. Governing Law; Venue

The laws of the Cayman Islands shall govern this User Agreement. Except for those disputes that shall be resolved in arbitration or in small claims court pursuant to Section 30, each party agrees to submit to the personal and exclusive jurisdiction of the local courts located in Cayman Islands. You agree with us that, if you are a consumer, the courts in the permitted region where you are resident will have non-exclusive jurisdiction.

40. Entire Agreement

The failure of NOTA to exercise or enforce any right or provision of the Agreement shall not constitute a waiver of such right or provision. If any provision of this Agreement shall be adjudged by any court of competent jurisdiction to be unenforceable or invalid, that provision shall be limited or eliminated to the minimum extent necessary so that this Agreement shall otherwise remain in full force and effect and remain enforceable between the parties, except as specified in Section 31. The headings and explanatory text are for reference purposes only and in no way define, limit, construe, or describe the scope or extent of such section. This Agreement (including Nota’s policies governing the US NOTA Services referenced herein, the Privacy Policy, the Cookie Policy and the E-Sign Consent) constitute the entire agreement between you and NOTA with respect to the use of the US NOTA Services. This Agreement is not intended and shall not be construed to create any rights or remedies in any parties other than you and NOTA, and other NOTA affiliates which each shall be a third-party beneficiary of this Agreement, and no other person shall assert any rights as a third-party beneficiary hereunder.

41. State-Specific Disclosures

Note that while NOTA is seeking to be licensed in many states or jurisdictions as a money transmitter, not all states in which we are licensed regulate virtual currency activity as money transmission. Additionally, certain of these states or jurisdictions have required specific disclosures of this fact. Note that this Section 41 may be continuously updated with additional state-specific disclosures as may be required by the states in which we hold licenses and the date of last update will be reflected directly above.

  • Alaska

The Alaska Division of Banking and Securities does not currently regulate virtual currency (bitcoin) activity as money transmission (or otherwise).

  • Colorado

The Colorado Division of Banking does not license or regulate services related to virtual currency (including, but not limited to, transmission or exchange of virtual currency which may be conducted by NOTA).

  • Hawaii 

The Hawaii Division of Financial Institutions does not currently regulate virtual currency (bitcoin) activity as money transmission (or otherwise).

  • Kentucky

The money transmitter license of the Kentucky Department of Financial Institutions does not cover virtual currency (bitcoin) activity.

  • Louisiana

The Louisiana Office of Financial Institutions does not license or regulate services related to virtual currency (including, but not limited to, transmission or exchange of virtual currency which may be conducted by NOTA).

  • Maryland

The Maryland Department of Labor, Licensing and Regulation does not currently regulate virtual currency (bitcoin) activity as money transmission (or otherwise). 

  • Minnesota 

The Minnesota Department of Commerce does not currently regulate virtual currency (bitcoin) activity as money transmission (or otherwise).

  • New York

(1) Virtual Currency (bitcoin) is not legal tender, is not backed by the government, and accounts and value balances are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections;

(2) legislative and regulatory changes or actions at the state, federal, or international level may adversely affect the use, transfer, exchange, and value of Virtual Currency;

(3) transactions in Virtual Currency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable;

(4) some Virtual Currency transactions shall be deemed to be made when recorded on a public ledger, which is not necessarily the date or time that the customer initiates the transaction;

(5) the value of Virtual Currency may be derived from the continued willingness of market participants to exchange Fiat Currency for Virtual Currency, which may result in the potential for permanent and total loss of value of a particular Virtual Currency should the market for that Virtual Currency disappear;

(6) there is no assurance that a Person who accepts a Virtual Currency as payment today will continue to do so in the future;

(7) the volatility and unpredictability of the price of Virtual Currency relative to Fiat Currency may result in significant loss over a short period of time;

(8) the nature of Virtual Currency may lead to an increased risk of fraud or cyber-attack;

(9) the nature of Virtual Currency means that any technological difficulties experienced by Nota may prevent the access or use of a customer’s Virtual Currency; and

(10) any bond or trust account maintained by Nota for the benefit of its customers may not be sufficient to cover all losses incurred by customers.

  • Tennessee

The Tennessee Department of Financial Institutions does not currently regulate virtual currency (bitcoin) activity as money transmission (or otherwise). 

  • Texas 

If you have a complaint, first contact the Customer Support Team of NOTA at support@usnota.com, if you still have an unresolved complaint regarding the company's money transmission or currency exchange activity, please direct your complaint to: Texas Department of Banking, 2601 North Lamar Boulevard, Austin, Texas 78705, 1-877-276-5554 (toll free), www.dob.texas.gov. 

  • Virginia

The money transmitter license of the Virginia Bureau of Financial Institutions does not cover virtual currency (bitcoin) activity.

  • Wisconsin

The money transmitter license of the Wisconsin Department of Financial Institutions does not cover virtual currency (bitcoin) activity.

Questions? Concerns? Suggestions?

Please contact Support at support@usnota.com to report any violations of this User Agreement or to ask any questions regarding this User Agreement or the US NOTA Services.