Data Protection Policy

Data Protection Policy

Effective Date: September 21, 2023
Last Updated: September 21, 2023

Introduction

Peercoinix ("we", "us", or "our") is committed to protecting the privacy and security of our users' personal data. This Data Protection Policy outlines our practices regarding the collection, processing, storage, and security of personal data, particularly in relation to the transaction fees for our escrow services. This policy complies with applicable data protection laws, including the General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CCPA), and other relevant regulations.

1. Data Collection

1.1 Types of Data Collected

• Identity Data: Name, username, password, and other identification details.
• Contact Data: Email address, phone number, and billing address.
• Financial Data: Payment information, including transaction details and bank account information.
• Technical Data: IP address, browser type, and device information.
• Usage Data: Information about how you use our services.

1.2 Purpose of Data Collection

• Facilitate and process transactions for our escrow services.
• Communicate with you regarding your transactions and services.
• Comply with legal obligations and regulatory requirements.
• Improve our services and enhance user experience.

2. Data Processing

2.1 Legal Basis for Processing

• Consent: You have given explicit consent for us to process your personal data for specific purposes.
• Contractual Necessity: Processing is necessary for the performance of a contract with you.
• Legal Obligation: Processing is necessary for compliance with a legal obligation.
• Legitimate Interests: Processing is necessary for our legitimate interests or those of a third party, provided your interests and fundamental rights do not override those interests.

3. Data Storage

3.1 Data Retention Period

We will retain your personal data only for as long as necessary to fulfill the purposes we collected it for, including for the purposes of satisfying any legal, accounting, or reporting requirements.

3.2 Data Storage Location

Your personal data may be stored on servers located in the United States or other jurisdictions, subject to applicable data protection laws.

4. Security Measures

We implement appropriate technical and organizational measures to protect your personal data against unauthorized access, loss, or destruction. These measures include:

• Encryption of data in transit and at rest.
• Access controls to limit data access to authorized personnel only.
• Regular security assessments and audits to identify and mitigate risks.

5. Data Subject Rights

Under applicable data protection laws, you have certain rights regarding your personal data, including:

• Right to Access: You have the right to request copies of your personal data.
• Right to Rectification: You have the right to request correction of any inaccuracies in your personal data.
• Right to Erasure: You have the right to request deletion of your personal data under certain conditions.
• Right to Restrict Processing: You have the right to request restriction of processing your personal data in certain situations.
• Right to Data Portability: You have the right to request the transfer of your personal data to another party.
• Right to Withdraw Consent: If we are processing your data based on consent, you have the right to withdraw that consent at any time.

To exercise these rights, please contact us at support@peercoinix.com.

6. Transparency and Disclosure

We may share your personal data with third parties for the following purposes:

• Payment processors to facilitate transactions.
• Regulatory authorities to comply with legal obligations.
• Service providers who assist us in operating our business.

We will ensure that any third-party processor adheres to the same level of data protection standards as outlined in this policy.

7. Liability and Indemnity

Peercoinix will not be liable for any unauthorized access to or use of your personal data, except as required by law. You agree to indemnify us against any claims arising from your breach of this Data Protection Policy.

8. Updates to This Policy

We may update this Data Protection Policy from time to time to reflect changes in our practices or applicable laws. We will notify you of significant changes via email or through a notice on our website. Your continued use of our services after any changes will constitute your acceptance of the new terms.

9. Contact Us