These Terms of Service (“Terms”) govern access to and use of the Lavex platform and services. By using the platform, you agree to these Terms.
1. Company Information
Lavex LLC. A limited liability company incorporated in Delaware, United States.
Lavex provides a technology platform that enables users to access financial and digital asset infrastructure operated by licensed third-party providers.
Lavex is not a bank, payment institution, e-money institution, broker, exchange, or custodian.
2. Nature of the Service
Lavex provides a technology interface and orchestration layer that allows users to:
create and interact with digital asset wallets
initiate fiat payout and settlement transactions
complete identity verification
access partner infrastructure services
Lavex:
does not hold or custody user funds
does not execute regulated financial services in its own name
does not act as a fiduciary
All regulated financial services are provided by licensed third-party partners.
Lavex does not guarantee uninterrupted availability of partner services.
3. Infrastructure Providers
Lavex integrates with regulated or compliant infrastructure providers.
3.1 Circle – Wallet-as-a-Service (WaaS)
Provides digital asset wallet infrastructure.
Wallet control, key management, and transaction execution are governed by Circle’s terms and technical framework.
Lavex does not independently control private keys.
3.2 BlindPay – Fiat Payment Infrastructure
Provides fiat payment rails, including:
ACH transfers
virtual settlement accounts
BlindPay is responsible for:
AML/CFT monitoring
sanctions screening
fraud prevention
regulatory reporting
Lavex does not provide custodial fiat accounts.
3.3 Sumsub – Identity Verification
Provides:
KYC / KYB
sanctions screening
PEP screening
document verification
biometric verification
Identity data may be shared with regulated partners where legally required.
Each provider operates under its own legal and regulatory framework and is solely responsible for its regulated activities.
Lavex is not liable for partner service failures.
4. Use in the Kyrgyz Republic
Lavex is not incorporated in the Kyrgyz Republic and does not directly provide regulated virtual asset or financial services in the jurisdiction.
Services involving:
crypto-to-fiat conversion
local currency payouts
locally regulated virtual asset activity
are performed exclusively by a licensed Virtual Asset Service Provider holding a license issued by the:
Service for Regulation and Supervision of the Financial Market under the Ministry of Economy and Commerce of the Kyrgyz Republic.
That licensed entity is solely responsible for:
locally regulated transactions
AML/CFT compliance
customer due diligence where required
regulatory reporting
Lavex does not operate as a VASP in Kyrgyzstan.
5. Eligibility
You must:
be at least 18 years old
have legal capacity
provide accurate and complete information
not be located in a sanctioned jurisdiction
Politically Exposed Persons and high-risk users may be subject to enhanced due diligence or restrictions.
6. Permitted Use
You agree to use the platform only for lawful purposes.
Prohibited activities include:
money laundering
terrorist financing
fraud
illegal remittances
sanctioned transactions
unlicensed financial services
sale of controlled or illegal goods
Lavex may suspend or terminate access for suspected violations.
7. Identity Verification and Compliance
You authorize Lavex to share your data with compliance providers and regulated partners for:
identity verification
AML/CFT compliance
sanctions screening
fraud prevention
transaction monitoring
Failure to complete verification may result in restricted access.
8. Virtual Accounts and Fiat Transactions
By initiating fiat transactions, you authorize the creation of a virtual settlement account with BlindPay.
BlindPay may:
delay or reject transactions
request additional information
freeze payouts
report suspicious activity
in accordance with applicable law.
9. Data Protection and Transfers
Your data may be processed in:
United States
European Union
Kyrgyz Republic
other compliant jurisdictions
Lavex implements:
encryption
access controls
data minimization
contractual safeguards
in accordance with applicable data protection laws.
10. Fees
Lavex may charge platform fees.
Infrastructure providers may charge separate fees.
Lavex does not control third-party pricing.
11. Risk Disclosure
By using the platform, you acknowledge:
digital asset prices are volatile
blockchain transactions are irreversible
partner service outages may occur
regulatory actions may affect services
Lavex is not responsible for losses caused by these events.
12. Limitation of Liability
To the maximum extent permitted by law, Lavex is not liable for:
indirect or consequential damages
partner service failures
blockchain network events
digital asset price volatility
regulatory actions
Lavex’s total liability is limited to the amount of fees paid to Lavex in the preceding 12 months.
13. Suspension and Termination
Lavex may suspend or terminate access:
for compliance reasons
upon partner request
for breach of these Terms
14. Modifications
Lavex may update these Terms at any time.
Continued use of the platform constitutes acceptance.
15. Governing Law and Dispute Resolution
These Terms are governed by the laws of the State of Delaware, USA.
Disputes with BlindPay related to fiat services shall be resolved by binding arbitration under the rules of the American Arbitration Association (AAA).
Class actions and jury trials are waived where legally permitted.
Contact
Lavex
Delaware, USA
Email: compliance@lavex.app
Website: www.lavex.app