Prohibited Transactions and Restricted Nations Policy
1. Prohibited Business Activities
We are committed to fostering a business environment that embodies the highest standards of responsibility and ethics. Consequently, Currenxie strictly prohibits certain business activities within our operational scope, ensuring alignment with our core values and regulatory obligations. Including, but not limited to the activities listed below, any activity that Currenxie deems to fall outside of its internal compliance risk threshold is also prohibited.
Industry | Business Activity |
Adult/Dating | Escort/Prostitution Agencies Pornography featuring children, rape, humiliation, or bestiality Subscription-based dating sites that do not have genuine, underlying matches or products Pornography business or physical or sexual exploitation; Any other form of pornography depicting sexual intercourse Obtaining any payment, including indirectly by closed loop wallets, for content Currenxie deems indecent, eg. adult content on livestreaming services, ethnically or racially offensive |
Bail Bondsman | Bailiff services |
Regulated Services | Non-licensed counselling centres Non-governmental organisations or Charities Unlicensed lawyers or legal services Speciality Retail Counterfeit goods Human body parts Offensive goods related to crime, e.g. photographs memorabilia Weapons (including firearms) and Products that present a high risk to consumer safety Pyrotechnic devices and hazardous materials Animals and Livestock Activities deemed to be illegal in applicable jurisdictions |
Financial Services
| Unregulated or inadequately licensed financial institutions/money service businesses Lending, including Pay-day lenders Unregulated account aggregation CFD Trading/Spread betting CFD/FX traders Unlicensed Binary Options ICOs/IEOs/IDOs ATMs Cryptocurrency exchanges (or any other related services) where licensing or registration for AML/CFT purposes is a legal requirement Cryptocurrency businesses or related unlicensed financial advisory services Personal use such as gifts, loans, or payments to or from friends and family |
Pharmaceuticals | Drug-related paraphernalia, e.g., selling bongs, Illegal/synthetic drugs or prescription drugs without a prescription Trade of narcotic or psychotropic substances CBD Marijuana dispensaries |
Fortune Tellers | Tarot cards, horoscope readers and psychics |
Telecommunications | Illegal telecommunications devices Ethnically or Racially Offensive Material |
Gambling | Gambling activities Skins/loot box trading |
Get-rich-quick Schemes | Any schemes marketed as get-rich-quick, e.g., Pyramid Schemes, Multi-level marketing |
Stolen Property | Police-related item Mailing lists and personal information Government documents and IDs Lock picking devices Illicit streaming of copyright media and software Embargoed goods from prohibited countries Unauthorised copies of intellectual property Artifacts |
2. Prohibited Countries
Although we strive for inclusivity, we are bound by legal and compliance imperatives that necessitate restrictions on engagement with certain jurisdictions due to regulatory requirements or international sanctions. Consequently, we are currently precluded from offering our services or forming partnerships based in the following countries:
Afghanistan
Algeria
Angola
Azerbaijan
Bangladesh
Barbados
Belarus
Benin
Bolivia (Plurinational State Of)
Bosnia and Herzegovina
Burkina Faso
Burundi
Cameroon
Central African Republic
Chad
Comoros
Congo
Congo, Democratic Republic of the
Côte d'Ivoire
Cuba
Djibouti
Dominican Republic
Egypt
El Salvador
Equatorial Guinea
Eritrea
Eswatini
Gabon
Gambia
Georgia
Ghana
Guatemala
Guinea
Guinea-Bissau
Haiti
Honduras
Iran (Islamic Republic of)
Iraq
Kazakhstan
Korea (Democratic People's Republic of)
Kyrgyzstan
Lao People's Democratic Republic
Lebanon
Liberia
Libya
Madagascar
Mali
Mauritania
Moldova
Mozambique
Myanmar
Nicaragua
Niger
Nigeria
Pakistan
Palestine, State of
Papua New Guinea
Russian Federation
Senegal
Sierra Leone
Somalia
South Sudan
Sudan
Suriname
Syrian Arab Republic
Tajikistan
Turkmenistan
Uganda
Ukraine
Uzbekistan
Venezuela (Bolivarian Republic of)
Western Sahara
Yemen
Zimbabwe
We express our sincere appreciation for your comprehension and adherence to these policies, which collectively foster a secure, legally compliant, and ethically sound environment that benefits all stakeholders. Should you encounter any ambiguities or require additional elucidation concerning our acceptance policy, please do not hesitate to contact us. We extend our gratitude for your participation in our community of responsible business practices, where mutual respect and adherence to ethical standards are paramount.