Terms & Conditions
Eurodollar E-money Token Terms & Conditions
Applicable as of 11th February 2026
Version 1.0
Table of contents
1. Important information you need to know
2. Definitions
3. About the EMT(s)
4. Scope of the EMT(s) and the Services
5. Eligibility
6. Registration process and identity verification
7. Customer declarations
8. KYC and AML compliance
9. Keeping your account safe
10. Minting the EMT(s)
1. Important information you need to know
These Eurodollar e-money token terms and conditions (the EMT Terms, or the Terms) attach to the Eurodollar e-money tokens (each an “EMT” and jointly the “EMTs”, as defined below, issued by Eurodollar (hereinafter “us”, and “Eurodollar”). These Terms create a legally binding relationship between you and us and govern the use of EMTs and the Services. These Terms apply to Customers and EMT Holders (as defined below). Eurodollar’s customers are those who have an Account with us. To the extent that you do not have an Account but hold EMT(s), these Terms still apply to your holding and use of EMT(s) (such users referred to as EMT Holders). For the avoidance of doubt, EMT Holders require an Account in accordance with these Terms if they wish to redeem any EMT with Eurodollar. An EMT can be bought and sold for the value of one (1) unit of account of the anchor currency (hereinafter “1¤”) using the Services, which includes minting and burning the EMT(s). The EMTs issued by us, and the corresponding anchor currencies, are:
E-Money Token (EMT)
Anchor Currency (¤)
USD€/USDY
United States Dollar (USD)
EUR€/EURY
Euro (EUR)
PLN€/PLNY
Polish Złoty (PLN)
Table 1. – E-money tokens and anchor currencies
By registering an Account, using any of the Services or holding EMT(s), you agree to have read, understood and accepted these EMT Terms. Eurodollar is authorised and regulated as an e-money institution by the Danish Financial Supervisory Authority.
Eurodollar’s contact details are:
Eurodollar ApS CVR-nr. 39729482
Address: Krudtløbsvej 12, 1439 København K, Denmark
Website: www.eurodollar.fi Email: [email protected]
Phone: +45 6079 3777
Contacts of the national supervisory authority:
Danish Financial Supervisory Authority (Finanstilsynet)
Address: Strandgade 29, 1401, København K
Email: [email protected]
Phone: +45 33 55 82 82
2. Definitions
Capitalised terms used in these Terms shall have the meaning given to them below.
Account means the Customer’s account with Eurodollar.
AML means anti-money laundering.
AML Act means the Danish Act on Measures to Prevent Money Laundering and Financing of Terrorism (Lov om forebyggende foranstaltninger mod hvidvask og finansiering af terrorisme).
Anchor Currency means the anchor currency for an EMT, as set forth in Table 1., above.
Burn means the redemption and the subsequent destruction of the EMT(s).
CTF means counter-terrorist financing.
Customer means the natural or legal person who has entered into these Terms with Eurodollar.
Customer Wallet means a Customer’s blockchain-based address linked with the Account to which the EMT(s) may be sent to and sent from.
EMD2 means Directive 2009/110/EC of the European Parliament and of the Council on the taking up, pursuit and prudential supervision of the business of electronic money institutions.
e-money means electronic money as defined in the Danish Payments Act (Lov om betalinger).
EMT, collectively EMTs, means Eurodollar E-money Tokens, which are any and each of EUR€, PLN€, and/or USD€.
EUR€ means EU Dollar, an EUR-pegged e-money token (stablecoin) issued by Eurodollar.
PLN€ means EU Złoty, a PLN-pegged e-money token (stablecoin) issued by Eurodollar.
USD€ means EU Dollar, a USD-pegged e-money token (stablecoin) issued by Eurodollar.
EMT Holder means any natural or legal person who holds EMT(s) and is not a Customer of Eurodollar.
EMT User means the Customer’s representative who uses the Services on the Customer’s behalf.
Eurodollar, we or us means Eurodollar ApS, a private limited company incorporated under the laws of Denmark with CVR Number 39729482 having its registered address at Krudtløbsvej 12, 1439 København K, Denmark.
Eurodollar Platform means the platform, accessible via usde.eurodollar.fi (or such other website as the Eurodollar may publish from time to time).
KYC and AML Compliance means compliance by the Customer with all applicable laws, regulations and Eurodollar’s policies, procedures and processes relating to KYC, AML, CTF and sanctions, including but not limited to verification of the Customer’s identity, completing onboarding KYC processes and conducting ongoing compliance related monitoring.
MiCAR means the Regulation (EU) 2023/1114 of the European Parliament and of the Council on markets in crypto assets.
Mint means the creation of EMT(s) by Eurodollar for the Customer.
Mint Request means a request to Mint EMT(s) submitted by the Customer to Eurodollar.
Pricing means the price list in effect at the time, on the basis of which Eurodollar charges the Customer fees and commissions for the use of the Services will be published and available on the Eurodollar Platform, as may be applicable, from time to time.
Private Key means, in respect of an EMT, the private cryptographic code that is associated with the Public Address under which such EMT is recorded on the relevant blockchain and is used to sign and authorise transactions in respect of such EMT.
Prohibited Transactions means using the EMT(s) or the Services for transactions related to the following is prohibited. Eurodollar reserves the right to monitor activity and, if appropriate, block or otherwise prevent transactions relating to: Restricted Person, Restricted Activities, weapons of any kind including but not limited to ammunition and firearms; controlled substances; gambling; money laundering or terrorist financing; any kind of Ponzi scheme, pyramid scheme or multi-level marketing programs; good or services which breach intellectual property rights; credit or credit-like products which present consumer protection risks; unlicensed money transmitter activity, counterfeit goods; wash trading, front-running, insider trading, market manipulation or other forms of market-based fraud or deceit; purchasing goods of any kind from “Darknet” markets or any other market places selling illegal goods; or such other matters, goods or services which we communicate, from time to time, to you that are unacceptable and which may be restricted.
Public Address means in respect of an EMT, the hashed version of the public cryptographic code that is associated with a Private Key and is used to receive such EMT on the relevant blockchain.
Redemption Request means a request to redeem EMT(s) submitted by the Customer to Eurodollar.
Restricted Activities means, in connection with the holding of the EMT(s), breach of any applicable laws, statutes or regulations; defrauding Eurodollar or EMT Holders; proving false, inaccurate or misleading information; taking any actions to interfere, intercept or expropriate any system, data or information; participating in illegal activity; transmitting or uploading any virus, worm or other malicious software or program; attempting to gain unauthorised access to Customer accounts, Eurodollar website or any related networks or systems; collecting EMT Holders information; defaming, harassing or breaching the privacy or intellectual property rights of Eurodollar or any other EMT Holders; or uploading, displaying, transmitting any messages, photos, videos or other media which contains illegal goods, services, violent, obscene or offensive copyrighted images or materials.
Restricted Person means any natural or legal person (i) whose domicile, tax residence, or habitual residence is in any jurisdiction where the use of the EMT(s) or the Services is prohibited by applicable law or regulation, (ii) identified on any sanctions list maintained by the United Nations, the European Union, the United States of America, or any other relevant governmental authority, and (iii) any person or entity that is owned or controlled, directly or indirectly, by any person described in point (ii).
Services means the Eurodollar Platform services, which the Customer may use to (i) Mint the EMT(s), (ii) redeem the EMT(s) for the Anchor Currency from Eurodollar and (iii) send and receive the EMT(s).
Wallet means a place to store public and private keys for crypto assets on the Ethereum blockchain network. Wallets are typically software, hardware, or paper-based. For the avoidance of doubt, Eurodollar does not provide Wallets or wallet related services of any kind.
3. About the EMT(s)
The EMT(s) are tokenized e-money tokens issued by Eurodollar, issued and operating on the Ethereum blockchain. Each token is denominated as defined in Table 1., above.
The EMTs are, and each EMT is, regulated as a tokenized form of digital money under the laws of the European Union, specifically, MiCAR.
The EMTs are each fully-backed by an equivalent amount of anchor currency-denominated assets held by Eurodollar with regulated financial institutions in segregated accounts, separately from Eurodollar’s corporate funds, on behalf, and for the benefit, of EMT Holders. This means that for every EMT in circulation, Eurodollar will hold either 1¤ or an equivalent amount of assets, denominated in the Anchor Currency in segregated accounts. The EMTs are not designed to inherently create returns for holders, increase in value or otherwise accrue financial benefit to the EMT Holder.
4. Scope of the EMT(s) and the Services
The Services are only available to Customers with an Account. The Customer can use the Account to Mint or redeem the EMT(s). Please note that Eurodollar does not provide any wallet, custodial or exchange services. Customers must connect their wallet (self-hosted or hosted by a third party) to use the Services. When you or a third party sends the EMT(s) to another wallet, the person initiating the transfer is solely responsible for executing the transfer which may include but is not limited to ensuring the Wallet the EMT(s) is/are being sent to is/are correct and paying any applicable network fees to ensure that the transfer(s) is/are successful. The following Terms apply to both Customers and EMT Holders. Your use of the EMT(s) and the Services (as applicable) is subject to these Terms and Eurodollar’s obligations to you are conditional on you complying with them. You acknowledge and understand that any breach of these Terms may result in consequences including but not limited to loss or forfeiture of the EMT(s). For a description of how to purchase and redeem the EMT(s), please see www.eurodollar.fi. You understand and agree that sending the EMT(s) to another address automatically transfers and assigns to the owner of that Wallet and any subsequent EMT Holder, the right to redeem the EMT(s) for the Anchor Currency/ies so long as the EMT Holder is eligible to and does register an Account. Please note that if the EMT Holder is not eligible to register an Account, or fails to do so, such EMT Holder is not entitled to redeem the EMT(s) from Eurodollar. Eurodollar (acting in its sole discretion) may determine not to make the EMT(s) or the Services, in whole or in part, available in every market. We may also, without any liability to you or any third party, refuse to let you open an Account.
5. Eligibility
The following applies to Customers and EMT Holders. By holding or using the EMT(s) or accessing the Services, you represent and warrant that:
in respect of natural persons, you are at least 18 years old, are not a Restricted Person and are not holding the EMT(s) on behalf of a Restricted Person;
in respect of legal persons,
you are not a Restricted Person and are not holding the EMT(s) on behalf of a Restricted Person;
such legal person is duly organised and validly existing under the applicable laws of its jurisdiction of incorporation;
you are duly authorised to act on behalf of such legal person; and
such legal person have not been previously suspended or removed from the Services; and
you will not be using the EMT(s) or the Services (as applicable) for Prohibited Transactions; and
your actions will not breach KYC and AML Compliance.
You acknowledge and understand that there are additional representations and warranties made by you elsewhere in these Terms and that any misrepresentation by you is a breach of these Terms. If Eurodollar suspects or determines that you or any of your EMT Users or customers (as applicable) have breached these Terms then Eurodollar may be forced to terminate your Account and you may forfeit any Anchor Currency funds otherwise eligible for redemption.
6. Registration process and identify verification
When registering your Account, you must provide all the information requested on the registration page and any additional information we may require on an ongoing basis. You are required to provide information for the purposes of identity verification and ensuring KYC and AML Compliance. You permit us to keep a record of such information and information relating to EMT Transactions and authorise us (i) to make inquiries, directly or through third parties, that we consider necessary or desirable to verify your identity and ensure KYC and AML Compliance, (ii) to protect you from fraud or other financial crimes and (iii) to take action we (acting reasonably) deem necessary based on the results of the inquiries. You understand, acknowledge and agree that your personal information may be disclosed to credit reference, fraud prevention or financial crime agencies or bodies. In some circumstances, we might require you to submit additional information about you or your business, provide records and complete other verification steps.
7. Customer declarations
The Customer acknowledges and agrees to the following. The Customer:
must provide Eurodollar with true, accurate, current, completed, and necessary information as requested in order to receive the Services;
must promptly notify Eurodollar of any changes in their information, such as changes in name, address, or political status;
is solely responsible for the accuracy and timeliness of the information provided and Eurodollar is not responsible for damages resulting from the Customer's failure to notify Eurodollar of changes in their information;
is solely responsible for any transfer of the EMT(s).
8. KYC and AML compliance
Eurodollar implements a compliance framework and adheres to compliance policies to ensure that all necessary steps are taken in the prevention of money laundering and related acts that facilitate terrorist financing or any other financial crime. In its efforts to mitigate such activities, it requires Customers and EMT Holders to comply with all applicable laws and regulations regarding KYC and AML Compliance. If Eurodollar cannot sufficiently ensure your KYC and AML Compliance, it reserves the right to discontinue the Services without giving the Customer any prior notice.
9. Keeping your account safe
The Account is for your own use only. It is your responsibility to implement all necessary measures to prevent unauthorised access to the Account. The EMT User warrants that it has the authority to bind the Customer and the Customer guarantees that its Users shall comply with the Customer’s obligations under these Terms. The Customer is solely responsible for the actions and omissions of its Users. For the avoidance of doubt, the EMT User’s account in the Services shall also be kept personal and may not be used by other users or third parties.
10. Minting the EMT(s)
You may request the Mint of the EMT(s) through your Account and in accordance with these Terms. When you request the Mint of the EMT(s), you must pay Eurodollar the Anchor Currency value equal to the amount of the EMT(s) you would like to Mint and, if applicable, a fee as per the Pricing. Once a Mint Request is complete, Eurodollar will deliver the Minted EMT to the Customer’s Wallet. The process to Mint the EMT(s) can be found on www.eurodollar.fi. Once a Mint Request has been initiated, it is highly unlikely that it can be reversed, as described in section 29 below, because transactions on the blockchain are irreversible. The Customer may seek to cancel a Mint Request. Eurodollar will use its reasonable endeavours to cancel a Mint Request, however, Eurodollar does not guarantee that the Mint Request will be cancelled before it has been completed. The Customer is solely responsible for the accuracy of the information provided in the Mint Request and ensuring that their Account has sufficient funds to complete the Mint Request. The Mint Request will be completed to the maximum of the amount available in the Customer’s Account if the funds available are less than the amount stated in the Mint Request. Please note that Eurodollar is not required to complete a Mint Request if it does not contain the information necessary to complete the request or for any other reason, as determined by Eurodollar (acting reasonably).
11. Ownership of the EMT(s)
The title and ownership of the EMT(s) you have Minted will remain yours at all times until it is transferred or Burned. The Customer is entitled to transfer the EMT(s) in the Customer’s Wallet in accordance with these Terms.
12. EMT redemption requests
This section applies only to Customers. You have the right to make a Redemption Request at any time. EMT Holders wishing to make a Redemption Request must have an Account. You can make Redemption Requests through the Account and in accordance with these Terms. Eurodollar will use reasonable endeavours to fulfil Redemption Requests as soon as reasonably practicable. EMT, subject to any given Redemption Request, will be Burned before the Redemption Request is complete and an equivalent amount of the Anchor Currency is paid to the Customer. Customers must ensure that they have current bank account details associated with their Account. Eurodollar is not responsible for paying Anchor Currencies where the Customer has not provided the necessary bank account details to make such payment. Without affecting the Customer’s statutory rights, Eurodollar, acting in its sole discretion, may postpone, split into parts or implement any other necessary measure it deems necessary or desirable to ensure the safety, stability, liquidity or other similar considerations to preserve the EMT(s) or Eurodollar.
13. Freeze of the EMT(s)
To protect the Customer and the Services from being used in Prohibited Transactions, Eurodollar reserves the right, acting in its sole discretion, to “block” certain Wallets, freeze the EMT(s), close your Account or take such other precautionary steps if it determines that such Wallets, EMT(s) or Accounts may be associated with Prohibited Activities or breach these Terms. In certain circumstances, Eurodollar may deem it necessary to report any suspicious or illegal activity to applicable law enforcement authorities, bodies or agencies and you may forfeit your rights associated with the EMT(s) including but not limited to making Redemption Requests.
14. Currency conversion
Payments made in a currency other than Anchor Currencies are exchanged for the Anchor Currency using the conversion rate applied by the related service provider used by Eurodollar at any given time. Fees may be applicable and should be checked with the relevant service provider.
15. Records of EMT transactions
Eurodollar provides the Customer with information on the EMT Transactions. The information of an EMT Transaction is available to the Customer free of charge and can be printed or downloaded from their Account for at least ß from its execution date.
16. Fees
Eurodollar may charge the Customer a fee for using the Services in accordance with the Pricing in force at a given time. The Pricing is published on Eurodollar’s website. The Customer’s right to make Mint Requests or Redemption Requests is conditional upon the Customer paying Eurodollar all applicable fees as per the Pricing. The Customer acknowledges that Eurodollar is not responsible for any fees or commissions charged by third parties or any fees incurred as the result of the operation of smart contracts or similar technologies (e.g. blockchain network fees).
17. Insolvency
For the purposes of this Agreement, an "insolvency event" shall mean that Eurodollar: a) is dissolved (other than pursuant to a consolidation, amalgamation, or merger); b) becomes insolvent or is unable to pay its debts or fails or admits in writing in a judicial, regulatory, or administrative proceeding or filing its inability generally to pay its debts as they become due; c) makes a general assignment, arrangement, scheme, or composition with or for the benefit of its creditors generally, or such a general assignment, arrangement, scheme, or composition becomes effective; d) institutes or has instituted against it a proceeding seeking a judgment of insolvency or bankruptcy or any other similar relief under any bankruptcy or insolvency law or other law affecting creditors’ rights, or a petition is presented for its winding up or liquidation, and, in the case of any such proceeding or petition instituted or presented against it, such proceeding or petition either results in a judgment of insolvency or bankruptcy or the entry of an order for relief or the making of an order for its winding up or liquidation, or is not dismissed, discharged, stayed, or restrained in each case within 30 days of the institution or presentation thereof; e) has a resolution passed for its winding up or liquidation (other than pursuant to a consolidation, amalgamation, or merger); f) seeks or becomes subject to the appointment of an administrator, provisional liquidator, receiver, trustee, or other similar official for it or for all or substantially all its assets; or g) has a secured party take possession of all or substantially all its assets or has a distress, execution, attachment, sequestration, or other legal process levied, enforced, or sued on or against all or substantially all its assets and such secured party maintains possession, or any such process is not dismissed, discharged, stayed, or restrained, in each case within 30 days thereafter, as determined by Eurodollar (collectively “Insolvency Event”).
18. Third party services
The EMT(s) is/are based on open-source software and may be made available on third-party platforms without any authorisation or approval by Eurodollar. As a result, EMT support on any third-party platform does not imply any endorsement by Eurodollar that such third-party services are valid, legal, stable or otherwise appropriate. Eurodollar is not responsible for any losses or other issues that might be encountered by the Customer using the EMT(s) on non-Eurodollar platforms.
19. Amendments
Eurodollar may amend any part of the Terms at any time by publishing the revised version of the Terms with an updated revision date on the Services. The changes will become effective and shall be deemed binding on the Customer on the date specified by Eurodollar but, in any event, no earlier than two (2) months after the date of publication. Notwithstanding the foregoing, the revised version shall become effective immediately upon being published on the Services if it does not include any material change. For the purposes of this Section 19 (Amendments), a “material change” shall mean a significant change other than changes that (i) are to the Customer’s benefit, (ii) are required to be made to comply with applicable laws and/or to comply with a payment network or ACH rule, (iii) as may otherwise be required by a competent regulatory authority, (iv) relates to a new product or service made available to the Customer, or (v) to otherwise clarify an existing term. In the event the Customer does not accept the changes, the sole and exclusive remedy available to the Customer is termination of their use of the Services and closing the Customer’s Account. Eurodollar shall not be liable to the Customer or any third party as a result of any losses suffered by any modification or amendment of the Terms. Eurodollar has the right to amend a typing error, erroneous invoice or another such technical error in the transmission of the EMT(s)based on its own error, even if the payment has already been transmitted within a reasonable time after the error occurred. Eurodollar will immediately notify the Customer of the error and its correction in the Services.
20. Indemnification
The Customer agrees to defend, indemnify and hold harmless Eurodollar and Eurodollar’s affiliates, and respective officers, directors, employees and agents, from and against any and all claims, damages, obligations, losses, liabilities, costs and expenses, including (without limitation) attorneys’ fees, that arise from or relate to the Customer’s use or misuse of, or access to, the Services, violation of the Terms, or infringement by the Customer, or any third party using the Customer’s Account or identity on the Services, of any intellectual property or other right of any person or entity. The Company reserves the right to assume the exclusive defence and control of any matter otherwise subject to indemnification by the Customer, in which event the Customer shall provide reasonable assistance and cooperation to Eurodollar in asserting any available defences.
21. Assignment
You may not transfer or assign these Terms or any rights or obligations hereunder by operation of law or otherwise and any such assignment is deemed null and void, subject to the following exception. Sending the EMT(s) to an address will automatically transfer and assign to that holder and any subsequent holder the right to redeem the EMT(s) for the Anchor Currency/ies so long as the EMT Holder is eligible to and does register an Account. Each EMT Holder is subject to these Terms including but not limited to the requirements to not transact with Restricted Persons or undertake Restricted Activities. We reserve the right to freely assign these Terms and the rights and obligations of these Terms to any third party at any time without notice or consent. If you object to any such transfer or assignment, you may close your Account.
22. Closing your account
The Customer may end the relationship with Eurodollar by providing a one (1) month written notice via their Account. Eurodollar has the right to end the relationship with the Customer and close the associated Account for any reason by first giving the Customer two (2) months’ written notice, such notice may be given to the Customer via their Account. At all times, Eurodollar has the right to prevent the Customer from using the Services and/or close their Account if the Customer has materially breached these Terms or engaged in a Prohibited Activity. If Eurodollar closes the Customer’s Account, it will notify the Customer through the Account or by electronic mail. In such a case, Eurodollar is entitled to charge a fee from the Customer in accordance with the Pricing and take any steps Eurodollar itself deems necessary. Eurodollar may, within the limits of applicable law, deem it appropriate to prevent the use of the Services with immediate effect or to restrict the Customer's ability to use certain functions of the Services if Eurodollar suspects a breach of these Terms, other terms, internal policies or laws and regulations that govern Eurodollar’s operations. If the relationship is terminated or suspended by Eurodollar, the total value of the EMT(s) held by the Customer will be redeemed with a deduction of relevant fees as per the Pricing. The Customer will be notified of the same electronically. Eurodollar reserves the right to delay and/or obey the competent authorities’ instructions when the monetary value of the EMT(s) itself is suspected to have been gained unlawfully, used to finance terrorism or in money laundering purposes, and/or used in Prohibited Activities or other applicable laws and regulations. The Services will end when the Account is closed. Upon termination of these Terms, all rights and obligations of the parties that by their nature are continuing will survive such termination.
23. Entire agreement
These Terms constitute the entire agreement between us and supersedes and extinguishes all previous agreements, promises, assurances, warranties, representations and understandings between them, whether written or oral, relating to its subject matter. You agree that you have no remedies in respect of any statement, representation, assurance or warranty (whether made innocently or negligently) that is not set out in these Terms. You agree that you have no claim for innocent or negligent misrepresentation based on any statement in these Terms.
24. Limitation of Liability
YOU EXPRESSLY UNDERSTAND AND AGREE THAT EURODOLLAR AND OUR AFFILIATES AND SERVICE PROVIDERS, AND THEIR RESPECTIVE OFFICERS, DIRECTORS, AGENTS, PARTNERS, 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, WHETHER BASED ON CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR OTHERWISE, RESULTING FROM: (I) THE USE OR THE INABILITY TO USE THE 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 SERVICES; (III) UNAUTHORISED ACCESS TO OR ALTERATION OF YOUR TRANSMISSIONS OR DATA; OR (IV) ANY OTHER MATTER RELATING TO THE SERVICES. 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 SERVICES OR WITH THIS AGREEMENT, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USE OF THE SERVICES AND TERMINATE YOUR ACCOUNT. THE SERVICES ARE PROVIDED "AS IS'' AND WITHOUT ANY REPRESENTATION OR WARRANTY, WHETHER EXPRESS, IMPLIED OR STATUTORY. EURODOLLAR, OUR AFFILIATES, AND OUR RESPECTIVE OFFICERS, DIRECTORS, AGENTS, PARTNERS, EMPLOYEES, AND SUPPLIERS SPECIFICALLY DISCLAIM ANY IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT. EURODOLLAR MAKES NO WARRANTY THAT (I) THE SERVICES WILL MEET YOUR REQUIREMENTS, (II) THE 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. Eurodollar will make reasonable efforts to ensure that requests for Eurodollar Mint transactions are processed in a timely manner, however, Eurodollar makes no representations or warranties regarding the amount of time needed to complete processing because the Services are dependent upon many factors outside of our control, such as delays in the banking system or the international mail service. Some jurisdictions do not allow the disclaimer of implied warranties, so the foregoing disclaimers may not apply to you. This provision gives you specific legal rights and you may also have other legal rights that vary from member state to member state.
25. Unauthorised or incorrect transactions
When any transaction occurs using your login details, we will assume that you authorised such transaction, unless you notify us otherwise. If you believe you did not authorise a particular transaction or that a transaction was incorrectly carried out, you must contact us promptly by email at [email protected]. It is important that you regularly check your Account, balances and transaction history to ensure you notify us as soon as possible of any unauthorised or incorrect transactions. We are not responsible for any claim for unauthorised or incorrect transactions. You must read the ‘Risks and important notices’ section below.
26. Insufficient funds
This section applies to Customers only. If a payment made to Mint the EMT(s) is reversed by your bank or Eurodollar’s banking partners after the Mint Request is completed, then Eurodollar reserves the right to: (i) retroactively cancel such Tokenization and deduct such EMT(s) from your Account, (ii) deduct such amounts from future EMT issuances to your Account or otherwise received into your Account, (iii) suspend your Account and access to the Services until resolved, (iv) if you maintain more than one Account, set off the negative amount of EMT(s) in one Account by applying the amount of EMT(s) you hold in your other Account(s) against the negative amount, and (v) pursue legal action or any other means of recovery legally available. To secure your performance of these Terms, you grant to Eurodollar the right to (a) block transactions involving EMT(s) from your Account, including any non-EMT account, and (b) set off any fees or other amounts owed by you against funds Eurodollar holds on your behalf. In the event that Eurodollar is forced to engage a third party to assist with the recovery of any funds owed by you to Eurodollar, you will be charged any fees or expenses that are incurred by Eurodollar 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 funds owed by you to Eurodollar or a delinquent account will be made by electronic mail or phone. Such communication may be made by Eurodollar or by any third party acting on its behalf, including but not limited to a third-party collection agent. Note that if Eurodollar is forced to engage such third parties in connection with recovering amounts that you owe Eurodollar, your credit may be negatively impacted.
27. Changes or delays to the Services
This section applies only to the Customers. Eurodollar reserves the right to change, suspend or discontinue any part of the Services at any time including but not limited to hours of operation or availability of any feature, without notice and without liability and (ii) decline to process any Mint Request without prior notice and may limit or suspend your use of one or more the Services at any time, acting in our sole discretion. Our rights under this section 27 are subject to our obligations under applicable laws and our licence, including but not limited to our reasonable suspicion of inappropriate or illegal conduct. Suspension of your use of any of the Services will not affect your rights and obligations pursuant to these Terms. We may, in our sole discretion, delay Mint Requests or Redemptions Requests if we reasonably believe the transaction is suspicious, may involve fraud or misconduct, breaches applicable laws, or breaches the terms of these Terms.
28. Force majeure
Eurodollar will have no liability for any failure or delay in providing the Services resulting from any condition or circumstances beyond our reasonable control, including but not limited to governmental actions, acts of terrorism, earthquakes, fires, floods or any other “Acts of God”, strike action, power failures, equipment failures and Internet or blockchain disruptions or disturbances.
29. Risks and important notices
Blockchain technology is new and untested and subject to known and unknown risks, including but not limited to the risks set out below: Blockchain Security Blockchain technology functions based on concepts belonging to asymmetric cryptography, or public key cryptography. Scientific research regarding blockchain technology is still at an early stage. Code cracking or technical advances such as the development of quantum computers, could present a risk for all blockchain technology. In addition, certain blockchain networks are susceptible to mining attacks, including but not limited to double-spend attacks, majority mining power attacks (or "51% attacks"), "selfish-mining" attacks, and race condition attacks. This could result in delays or errors in transactions, theft, loss, disappearance, destruction or devaluation of tokens. As the EMT(s) is/are based on a technology of a public and decentralised blockchain, Eurodollar does not have any ability, obligations or means to prevent or mitigate attacks or resolve any other issues that might arise with any blockchain the EMT(s) is/are based on. Customer Wallet Hackers or other groups or organisations may attempt to interfere with the Customer Wallet in any number of ways, including without limitation denial of service attacks, Sybil attacks, spoofing, smurfing, malware attacks or consensus-based attacks. Eurodollar shall not be liable for anything related to the Customer Wallet. Hard Forks Changes to the protocols that govern the blockchain may result in the development of parallel chains of blocks (so-called "hard forks") when some of the blockchain's nodes are validating transactions on the basis of the old version of the protocol, while other nodes are validating transactions on the basis of the new protocol. In the event of a hard fork of blockchain(s) supported by the EMT(s), Eurodollar may be forced to suspend all actions related to the EMT(s), with or without prior notice, until Eurodollar has in its sole discretion determined how the functionality can be restored. Eurodollar shall at its sole discretion decide which forks it shall support. Supported Blockchains The blockchains supported by the EMT(s) may be changed from time to time at the sole discretion of Eurodollar. If Eurodollar decides to have the EMT(s) no longer support a given blockchain, Eurodollar shall inform the Customer in writing at least 60 days prior to the decision taking effect, and following Eurodollar’s notification, the Customer may migrate the EMT(s) at its disposal to another blockchain supported by the EMT(s). If the Customer does not migrate the EMT(s) at its disposal to a blockchain supported by the EMT(s) before the decision to have the EMT(s) no longer support a given blockchain takes effect, Eurodollar shall not bear any responsibility for the events following thereafter, nor shall Eurodollar be responsible for any damages, losses, including monetary losses due to Eurodollar’s inability to redeem such EMT(s), or any other similar expenses suffered by the Customer. On-Chain Transactions Irreversible The EMT(s) is/are based on blockchain technology, whereby all transactions of the EMT(s) occur on a supported blockchain. This means that such transaction is irreversible and Eurodollar does not have the ability to reverse or recall any transaction once initiated. Eurodollar shall not be responsible for any transfers of the EMT(s) to which Eurodollar is not a party. Eurodollar may exercise certain, limited functionality to “block” or “freeze” Wallets if it is required to do so to comply with its legal or regulatory obligations.
30. Limited licence and intellectual property rights
The following only applies to Customers. Subject to these Terms, we grant you a limited, non-exclusive, non-sublicensable, and non-transferable licence to access and use the Services solely for the purpose approved by Eurodollar. Any other use of the Services is expressly prohibited. Eurodollar reserves all rights in the Services and you agree that these Terms do not grant you any rights in or licences to the Services except for the limited licence set out above. Except as expressly authorised by Eurodollar, you agree not to modify, reverse engineer, copy, frame, scrape, rent, lease, loan, sell, distribute, or create derivative works based on the Services, in whole or in part. If you breach any part of these Terms, your permission to access and use the Services may be terminated. "Eurodollar.fi”, "Eurodollar", and all logos related to the Services are either trademarks, or registered marks of Eurodollar. Whether or not you have an Account, you may not copy, imitate, or use them without Eurodollar’s prior written consent. All right, title, and interest in and to the Eurodollar website including but not limited to any content on the website, the Services, and all technology and any content created or derived from any of the foregoing is the exclusive property of Eurodollar.
31. Distribution of the EMT(s)
E-money distribution by a distributor of an electronic money institution is a regulated activity under EMD2 wherein an e-money institution distributes e-money through a natural or legal person who acts on behalf of the electronic money institution. If the Customer wishes to distribute the EMT(s), it may do so with Eurodollar’s prior written consent.
32. No partnership or agency
Nothing in these Terms is intended to, or will be deemed to, establish any partnership or joint venture between any of us, constitute any of us the agent of the other, or authorise any of us to agree in advance in writing.
33. Communications
You agree to accept all communications or notices from us by electronic mail or via your Account. If you would like to get in touch with us, please use the contact details provided at the beginning of these Terms.
34. Governing law
These Terms are governed by and construed in accordance with the laws of Denmark, without regard to its conflict of law rules.
35. Arbitration
Any dispute arising out of or in connection with this contract, including any disputes regarding its existence, validity or termination, shall be finally settled by arbitration administered by the Danish Institute of Arbitration in accordance with the Rules of Arbitration adopted by the Board of the Danish Institute of Arbitration. The arbitral tribunal shall be composed of three arbitrators. The place of arbitration shall be Copenhagen, Denmark. The language to be used in the arbitral proceedings shall be English.
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