List of restricted countries

In line with our vision to become “The people’s currency”, we are committed to making eCredits available everywhere around the globe.

ECS, ACT, eCredits Ecosystem, SCE operation and services related to the utilisation of eCredits are not available in the following countries (without prejudice to any other potentially excluded countries not mentioned in this list*):

  • The Commonwealth of Australia
  • The Republic of Belarus
  • The Republic of India
  • The United Mexican States
  • Malaysia
  • New Zealand
  • The Republic of the Philippines
  • Russian Federation
  • The State of Qatar
  • The Republic of Turkey
  • Ukraine
  • The United States of America
  • The Republic of South Africa
  • Macao
  • The United Kingdom of Great Britain and Northern Ireland

*Irrespective if a particular country is included in this list or not, this does not imply that SCE makes any warranty or representation that the ECS, ACT, eCredits Blockchain, eCredits Ecosystem or SCE operation is permitted, lawful or otherwise, without any legal restriction or implication, irrespective if such country.

Disclaimer
The SCE gives no warranties or guarantees on suitability or appropriateness, the legal nature and legal classification or legal assessment of the ECS, ACT, eCredits Blockchain, eCredits Ecosystem or SCE operation. All users shall bear their own legal and financial consequences in respect of possession of eCredits, ACT, transactions of eCredits and services related to the utilization of eCredits, in particular (but not limited to) of:

  • ECS or ACT possibly being prohibited or considered as security, financial instrument, payment instrument or limited in any way in their respective jurisdiction, and
  • the eCredits Ecosystem possibly being prohibited or considered as a regulated activity, subject to authorisation or is such service limited in any way in their respective jurisdiction.

Due to increased legal uncertainty in different jurisdictions, every user is advised to monitor whether possession or disposal of any crypto-assets, including ECS or ACT, is legal in their jurisdiction. Furthermore, every user is advised to monitor in their jurisdiction the tax treatment of purchase, sale, disposal or other transactions involving any crypto-assets, including ECS or ACT. Prior to using ECS, ACT, or any eCredits Ecosystem features, it is recommended that users clarify whether in their respective jurisdiction the intended use is legal and not restricted in any way, and that users are aware of possible tax consequences of transactions arising from such use. Possession of eCredtis, transactions of eCredits and services related to the utilization of eCredits can also be subject to certain requirements, limitations or additional restrictions imposed by law to perform identification of Users for the purposes of identity verification and detection of money laundering, terrorist financing, fraud, or any other financial crime.

ECS, ACT, eCredits Ecosystem, SCE operation and services related to the utilisation of eCredits with corresponding content of this website are specifically not directed at persons, who have the nationality and/or residency and/or registered offices in a jurisdiction, where the possession of eCredits, ACT, transactions of eCredits and services related to the utilization of eCredits might be restricted and/or forbidden or subject to any prior regulatory authorisations. It is in the primary and sole responsibility of each interested party to inquire whether such restrictions are applicable based on their nationality and/or residency and/or registered office prior the potential use of the eCredits Ecosystem or ECS. If you use eCredits, ACT, conduct transactions of eCredits and use any of services related to the utilization of eCredits, you do so at your own risk and are responsible for compliance with the laws of your jurisdiction.

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