1. LEGAL STRUCTURE AND JURISDICTION
Verum Crypto Freeport, established under the laws of the Republic of Panama, acts as the
data controller and technological infrastructure provider for the Verum Wallet and the Verum Pay gateway. By
using our services, you accept that any dispute will be processed under the exclusive jurisdiction of the
courts of Panama City, waiving any other forum regardless of its privileges.
2. THE SELF-CUSTODY PILLAR (NON-CUSTODIAL SHIELD)
Verum Wallet is a self-custody software interface.
Verum Crypto Freeport DOES NOT collect, DOES NOT store, and DOES NOT have access to your
Private Keys, Seed Phrases (Mnemonics), or local passwords.
Disclaimer: The security of digital assets is the sole responsibility of the user. The loss
of private keys results in the irreversible loss of funds, with no technical or legal possibility of recovery
by Verum Crypto Freeport.
3. VERUM PAY: TECHNOLOGICAL INTERFACE AND THIRD-PARTY FIAT PROCESSING
Verum Pay is a technological interface (frontend) only. Verum Crypto Freeport does not
operate as a payment institution, money transmitter, exchange, broker-dealer, or financial intermediary.
Third-Party Fiat Processing: All conversion between fiat currency (BRL/Pix and other
fiduciary currencies) and digital assets — including all on-ramp (cash-in) and off-ramp (cash-out)
operations — is processed exclusively by duly licensed third-party payment service providers
in their respective jurisdictions. Verum Crypto Freeport does not custody, process, or intermediate
fiat funds, KYC for payment processing, or chargeback flows; these are the sole responsibility of the
licensed third-party processor.
Self-Custody of Generated Assets: Once the third-party processor delivers the digital
asset to the user's wallet, custody is fully self-managed (self-custody) by the user.
Transaction Finality: Once assets are sent to the Blockchain network, the transaction is
considered final and irreversible.
Chargeback Prohibition: Due to the immutable nature of Blockchain technology, there are no
refund or chargeback mechanisms within Verum Wallet. The user acknowledges that sending amounts to
incorrect addresses or withdrawing after confirmation on the network does not generate a right to a refund
from Verum Crypto Freeport.
4. AML COMPLIANCE AND DATA COLLECTION (KYC)
To ensure the protection of the company against financial crimes and comply with FATF/GAFI standards, we
collect:
Identification (KYC): Data provided voluntarily for identity verification.
Technical Data: IP address, transaction metadata, and device identifiers for fraud prevention
and cybersecurity purposes.
Legal Sharing: We reserve the right to share data with competent authorities only through a
valid court order issued by a Panamanian authority or international mutual cooperation treaties recognized by
the Republic of Panama.
5. DATA PROTECTION (LAW 81/2019 AND GDPR)
We adopt the highest security standards to protect the integrity of the Verum System:
User Rights: You have the right to access, rectify, and delete your personal data (KYC),
provided that such data is not required for maintenance due to legal retention obligations (anti-money
laundering standards).
Security: We use end-to-end encryption and layered security protocols to protect our
infrastructure against unauthorized access.
6. LIMITATION OF LIABILITY
Under no circumstances shall Verum Crypto Freeport, its directors, or developers be liable for indirect
damages, lost profits, or failures resulting from inherent instabilities of third-party Blockchain networks
(such as Bitcoin, Ethereum, Solana, or Verum Chain).
