Introduction
The following privacy policy (“Privacy Policy”) outlines the manner in which Bitit collects, maintains, uses, stores, and discloses information collected from users of the Bitit website and any related service provided by Bitit and its associates.
This Privacy Policy applies to all products and services offered by the platform www.bitit.io website (the “Website”).
For the purpose of the applicable data protection laws, the data controller is Bitit SAS company having its registered office in 40 rue Alexandre Dumas, 75011, Paris - France and registered with the Trade and company register of Paris, France under the number 810 222 513.
Throughout this Privacy Policy, Bitit is referred (“Bitit" or "Us" or "Our" or "We") to its end users (“You” or “Your” or “Users”).
You are not limited to registered members, as well as any visitor who uses the Website in any way, shape or form.
The Privacy Policy also applies to any automated system accessing any part of the Bitit, whether it be through our API or any other means.
This Privacy Policy also applies to any form of communication with Bitit, its employees, directors, and associates, including but not limited to e-mail or telephone communications.
By using Bitit’s Website, You accept Our Privacy Policy. Continued use of Bitit or any of Our services constitutes also Your acceptance of these terms.
So, please read the following carefully to understand Our views and practices regarding Your Personal Data and how We will treat it. If You do not accept and agree with this Privacy Policy, You must stop using Our Website immediately.
1 ― Your Rights
As a data subject, You have the following rights under the GDPR, which this Policy and Our use of personal data have been designed to uphold:
- The right to be informed about Our collection and use of personal data
- The right of access to the personal data We hold about You
- The right to rectification if any personal data We hold about You is inaccurate or incomplete
- The right to be forgotten – i.e. the right to ask Us to delete any personal data We hold about You
- The right to restrict (i.e. prevent) the processing of Your personal data
- The right to data portability (obtaining a copy of Your personal data to re-use with another service or organisation)
- The right to object to Us using Your personal data for particular purposes
- Rights with respect to automated decision making and profiling
If You have any cause for complaint about Our use of Your personal data, please contact Us using the details provided in section 10 and We will do Our best to solve the problem for You. If We are unable to help, You also have the right to lodge a complaint with the National Commission for Data Protection and Liberties (CNIL France).
2 ― Gathering Personal Information
In order to comply with GDPR requirements and depending Your use of Bitit, We may collect some or all of the following personal and non-personal data:
- Name
- Date of birth
- Business/Company name
- Contact information such as email addresses and telephone numbers
- Demographic information such as city, post code and countries
- Financial information such as payment method information
- Cryptocurrency wallet addresses used
- IP address
- Web browser type and version
- Operating system
- A list of URLs starting with a referring site, Your activity on Our Site, and the site You exit to
- Any documents containing personal data required to comply with financial regulation such as Anti Money Laundering (AML) and Know Your Customer (KYC). These can be, but are not limited to National Identity Card, Passport, Proof of Address, Proof of Funds & related documents.
Furthermore, Bitit may request such information to prevent fraud, and to protect Bitit in any way that We seem reasonable in accordance with Bitit SAS Anti Money Laundering ("AML") and Counter Terrorist Financing ("CTF") policy as detailed below.
Money laundering is defined as the process where the identity of the proceeds of crime is so disguised that it gives the appearance of legitimate income.
Criminals specifically target financial services firms through which they attempt to launder criminal proceeds without the firm's knowledge or suspicions.
Within Europe alone it is estimated that billions of euros are laundered on an annual basis and on globally in revenue terms the amount of money laundered would make it the third largest industry.
In response to the scale and effect of money laundering, Europe and its member countries, has passed legislation designed to prevent money laundering and to combat terrorism.
This legislation, together with regulations, rules and industry guidance, forms the cornerstone of AML/CTF obligations for European firms and outline the offences and penalties for failing to comply.
Whilst Bitit is currently unregulated and do not fall with the scope of the AML/CTF obligations as in the 3rd and 4th AML Directive and PSD Framework, the Bitit senior management and its shareholders have implemented systems and procedures that meet the European AML legislation.
This decision reflects the senior managements desire to prevent money laundering and not be used by criminals to launder proceeds of crime.
3 ― For which purposes We may collect Your Data?
3.1 ― All personal data is processed and stored securely, for no longer than is necessary in light of the reason(s) for which it was first collected. We will comply with Our obligations and safeguard Your rights under the GDPR at all times.
3.2 ― Our use of Your personal data will always have a lawful basis, either because it is necessary for Our performance of a contract with You, or because it is in Our legitimate interests. Specifically, We may use Your data for the following purposes:
- To protect Our system from fraud
- To comply with KYC regulations
- To provide and improve customer service
- To send periodic emails
- To contact Users using any means that We deem necessary
- To process payments
- To comply with any provincial or national law
- To carry out the regular business activities of Bitit
3.3 ― With Your permission and/or where permitted by law, We may also use Your data for marketing purposes which may include contacting You by email, telephone, text message and post with information, news and offers on Our services. We will not, however, send You any unsolicited marketing or spam and will take all reasonable steps to ensure that We fully protect Your rights and comply with Our obligations under the GDPR.
3.4 ― Third parties may use third party Cookies. Please note that We do not control the activities of such third parties, nor the data they collect and use and advise You to check the privacy policies of any such third parties.
3.5 ― You have the right to withdraw Your consent to Us using Your personal data at any time, and to request that We delete it.
3.6 ― We do not keep Your personal data for any longer than is necessary in light of the reason(s) for which it was first collected. Data will therefore be retained for the following periods (or its retention will be determined on the following bases): Bitit stores and processes Your personal data for the duration of providing services to You until You request deletion of Your account. However, personal data is retained with limited access in the organisation for up to 5 years due to legal statutory limits.
4 ― How do We Store Your Data?
4.1 ― We only keep Your personal data for as long as We need to in order to use it as described above in section 3, and/or for as long as We have Your permission to keep it.
4.3 ― Data security is very important to Us, and to protect Your data We have taken suitable measures to safeguard and secure data collected through Our Site.
4.4 ― Steps We take to secure and protect Your data include:
- Implemented & maintain a rigorous internal data protection policy
- Server-sided security measures & firewalls
5 ― Do We Share Your Data?
5.1 ― In certain circumstances, We may be legally required to share certain data held by Us, which may include Your personal data, for example, where We are involved in legal proceedings, where We are complying with legal obligations, a court order, or upon a legitimate request from a governmental authority.
5.2 ― We may sometimes contract with third parties to supply services to You on Our behalf. These may include payment processing, delivery of goods, search engine facilities, advertising, and marketing. In some cases, the third parties may require access to some or all of Your data. Where any of Your data is required for such a purpose, We will take all reasonable steps to ensure that Your data will be handled safely, securely, and in accordance with Your rights, Our obligations, and the obligations of the third party under the law.
5.3 ― We may compile statistics about the use of Our Site including data on traffic, usage patterns, user numbers, sales, and other information. All such data will be anonymised and will not include any personally identifying data, or any anonymised data that can be combined with other data and used to identify You. We may from time to time share such data with third parties such as prospective investors, affiliates, partners, and advertisers. Data will only be shared and used within the bounds of the law.
5.4 ― We may sometimes use third party data processors that are located outside of the European Economic Area (“the EEA”) (The EEA consists of all EU member states, plus Norway, Iceland, and Liechtenstein). Where We transfer any personal data outside the EEA, We will take all reasonable steps to ensure that Your data is treated as safely and securely as it would be within the EU under GDPR, including Google LLC, which has confirmed their compliance with GDPR regulation.
5.5 ― In certain circumstances, We may be legally required to share certain data held by Us, which may include Your personal data, for example, where We are involved in legal proceedings, where We are complying with legal requirements, a court order, or a governmental authority.
6 ― How Can You Control Your Data?
In addition to Your rights under the GDPR, set out in section 1, when You submit personal data via Our Site, You may be given options to restrict Our use of Your data. In particular, We aim to give You strong controls on Our use of Your data for direct marketing purposes (including the ability to opt-out of receiving emails from Us which You may do by unsubscribing using the links provided in Our emails and at the point of providing Your details and by managing Your Account).
7 ― Access to Your Personal Data
You have the right to ask for a copy of any of Your personal data held by Us (where such data is held). Under the GDPR, no fee is payable and We will provide any and all information in response to Your request free of charge. Please contact Us for more details at [email protected]
8 ― How We use cookies?
8.1 ― Our Site may place and access certain first party Cookies on Your computer or device. First party Cookies are those placed directly by Us and are used only by Us. We use Cookies to facilitate and improve Your experience of Our Site and to provide and improve Our services. We have carefully chosen these Cookies and have taken steps to ensure that Your privacy and personal data is protected and respected at all times.
8.2 ― All Cookies used by and on Bitit are used in accordance with current Cookie Law.
8.3 ― Before Cookies are placed on Your computer or device, You will be shown a prompt informing that You consent to those Cookies by using our website. By giving Your consent to the placing of Cookies You are enabling Us to provide the best possible experience and service to You. However, if You do not consent to use Cookies You must stop using Our Website.
8.4 ― You may still block these Cookies by changing Your internet browser's settings but be aware that Our Site may not work properly if You do so. We have taken great care to ensure that Your privacy is not at risk by allowing them.
8.5 ― We use cookies for the following purposes:
- Keep track of Your session activity
- To keep track of who is logged in
8.6 ― Our Site uses analytics services provided by Google LLC. Website analytics refers to a set of tools used to collect and analyse anonymous usage information, enabling Us to better understand how Bitit is used. This, in turn, enables Us to improve Our website and the products and services offered through it. You do not have to allow Us to use these Cookies, however whilst Our use of them does not pose any risk to Your privacy or Your safe use of Our website, it does enable Us to continually improve Our services, making them a better and more useful experience for You.
8.7 ― The analytics service(s) used by Our website use(s) Cookies to gather the required information use the following Cookies:
- Google Analytics. These cookies collect information that is used either in aggregate form to help Us understand how Our website is being used or how effective are marketing campaigns are, or to help Us customise Our website for You.
8.8 ― In addition to the controls that We provide, You can choose to enable or disable Cookies in Your internet browser. Most internet browsers also enable You to choose whether You wish to disable all cookies or only third party Cookies. By default, most internet browsers accept Cookies but this can be changed. For further details, please consult the help menu in Your internet browser or the documentation that came with Your device.
8.9 ― You can choose to delete Cookies on Your computer or device at any time, however You may lose any information that enables You to access Our Site more quickly and efficiently including, but not limited to, login and personalisation settings.
8.10 ― It is recommended that You keep Your internet browser and operating system up-to-date and that You consult the help and guidance provided by the developer of Your internet browser and manufacturer of Your computer or device if You are unsure about adjusting Your privacy settings.
9 ― Changes to Our Privacy Policy
Bitit may modify this Privacy Policy at any time. Please review this Privacy Policy regularly. Any changes We may make to Our Privacy Policy in the future will be posted on this page and, where appropriate, notified to You by e-mail.
10 ― Contact Us about Privacy questions
If You have any questions regarding this Privacy Policy, please contact Us at [email protected]
