Compliance with your local laws and regulations; indemnification
There may be certain restrictions on the sale, purchase, hold or use of cryptocurrencies under applicable laws and regulations in certain jurisdictions. You are solely responsible for compliance in all respects with all applicable laws and regulations in the relevant jurisdiction(s) which are applicable to any transactions you conduct through the Services. You shall obtain all permits or licenses necessary (as applicable) for transactions you conduct through the Services. When using our Services, you acknowledge that your actions are in a legal and proper manner, and you will not violate any applicable laws and regulations of applicable jurisdiction(s), including without limitation, any applicable local laws and regulations on foreign exchange control or restriction (as applicable). If you violate any laws or regulations of applicable jurisdiction(s), we may coordinate with local law enforcement authorities to freeze, seize, restrict or close-out your account and digital assets at our sole discretion. You hereby agree to defend, indemnify and hold OKX and its Affiliates harmless from any claim or demand (including reasonable legal fees) made or incurred by any third party against OKX arising from or arising out of your improper use of this Service, your violation of any laws or regulations of applicable jurisdiction(s) or the rights of a third party. For purposes of this Agreement, “Affiliate” means, with respect to any person, any other person that directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with the person in question. As used herein, the term control means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a person, whether through ownership of voting securities, by contract or otherwise.
If there are any discrepancies between the English language version of this Agreement or any such communications and any translation of this Agreement or such communications (as applicable) in a foreign language, the English version shall prevail.
Effective Aug 15, 2022 (04:00 UTC)
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