MultiversX Tracker is Live!

Kraken updates its TOS and discusses ownership

All Cryptocurrencies

by COINS NEWS 88 Views

Got an email from Kraken that notified me about changes to the TOS, and seeing as i have Celsius PTSD i went ahead and read the whole thing. Doesnt seem like alot has changed but it was nice to see the section about asset title. It may have been the same for previous TOS versions but thought it was more relevant now than ever.

Ownership. Title to Digital Assets shall at all times remain with you and shall not transfer to Payward (Kraken), except as provided herein. All interests in Digital Assets we hold for Kraken Accounts are held for customers, are not property of Payward. As the owner of Digital Assets in your Kraken Account, you bear all risk of loss of such Digital Assets. None of the Digital Assets in your Kraken Account are the property of Payward. Payward does not represent or treat assets in your Kraken Account as belonging to Payward…Payward will not sell, transfer, loan, hypothecate, or otherwise alienate Digital Assets in your Kraken Account unless instructed by you or as otherwise authorized by these Terms.

Control. You control the Digital Assets held in your Kraken Account. At any time, subject to outages, downtime, a court order, and/or other applicable policies and the restrictions described in Section 7.11.4, you may withdraw your Digital Assets by instructing Payward to debit the applicable Digital Asset from your Kraken Account and transfering the Digital Assets to an External Account.

FWIW i dont have anything on there other than some staked ETH (from when i was young and dumb and hopeful) but its nice to see some clarification.

submitted by /u/marsangelo
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments