About Us

Welcome to TIMAU SPACE

You can shout a lot about what cool tasks we solve, what we are the first, best and most professional. However, we would not like to focus on this. Our task is to provide a service that would help people to relate to this world a little better. To make cryptocurrencies a little closer to them, and financial services to be understandable, convenient and accessible.

Your TIMAU SPACE Team

1. NAME: TIMAU SPACE
2. OFFICE LOCATION: Maskavas iela 55, Riga, Latvia, LV-1003
3. E-MAIL: info@timau.space

Terms of Conditions of Use

TERMS AND CONDITIONS
These terms were prepared in the English language and the English language version shall prevail in the event of any conflict, discrepancy, or ambiguity between translations.
Customer agree that by registering for an account on TIMAU SPACE website (the “Site”) or by otherwise accessing the Site, Customer have read, understood and agree to comply with the terms and conditions of use (the ”Terms”) set forth below. TIMAU SPACE reserves the rights to update, modify, and supplement the Terms from time to time. Customer shall read the Terms thoroughly prior to registering an account on the Site or accessing TIMAU SPACE services and review the update announcement of the Terms on a regular basis. If the Customer disagrees with these Terms, TIMAU SPACE\'s right to modification, or if the Terms is partially or completely excluded by the applicable laws in Customer jurisdiction, please do not access TIMAU SPACE services.
TIMAU SPACE (webpage https://https://timau.space/) is a cryptocurrency exchange platform owned by TIMAU SPACE, a company incorporated under the laws of Republic of Latvia. TIMAU (hereinafter - “TIMAU SPACE”) is a company incorporated under the regulations of the Republic of Latvia with the registration number 40203446911.
1. Definitions
1.1. Account means a profile of the Customer opened for cryptocurrency exchange operations.
1.2. APIs means Application Programming Interfaces;
1.3. Applicable Law means all civil and common laws, statutes, subordinate legislation, treaties, regulations, directives, decisions, by-laws, ordinances, circulars, codes, orders, notices, demands, decrees, injunctions, resolutions, rules and judgments of any government, quasi-government, statutory, administrative or regulatory body, court, agency or association by which any member of the TIMAU SPACE or Customer are bound in any jurisdiction applicable to the receipt or performance of the Services.
1.4. Customer means any current registered user of the TIMAU SPACE platform.
1.5. Intellectual Property Rights means any registered or unregistered design rights, patents, copyright, database rights, data protection rights, trademarks, service marks, logos, trade names, rights in domain names, rights in undisclosed or confidential information (such as know-how, trade secrets and inventions (whether or not patentable) moral rights and any other similar intellectual or industrial property rights (whether registered or not) and applications for such rights as may exist anywhere in the world.
1.6. TIMAU SPACE Platform means the coin-based platform operated by TIMAU SPACE which is largely based upon the TIMAU SPACE platform and is accessible at the following webpage https://timau.space/.
1.7. Restricted Jurisdictions means any jurisdiction, where TIMAU SPACE does not provide services, namely, Afghanistan, Algeria, Bahamas, Bahrain, Bangladesh, Bolivia, Bosnia and Herzegovina, Botswana, Cambodia, Crimea, Cuba, Ethiopia, Ghana, Iran, Iraq, Iceland, Japan, Kosovo, Kuwait, Lebanon, Libya, Nigeria, North Korea, Oman, Pakistan, Palestine, People\'s Republic of China, Qatar, Saudi Arabia, South Sudan, Sudan, Syria, Tunisia, Uganda, Vanuatu, Yemen and United States of America from the following states: New York (NY), Georgia (GA), Connecticut (CT), New Mexico (NM), Washington (WA), Hawaii (HI).
1.8. Services means the services of exchanging a virtual currency against a fiat currency provided by the TIMAU SPACE. All exchanges of virtual currency against a fiat currency via TIMAU SPACE are final. TIMAU SPACE do not accept any returns or provide refunds for Customer, except as otherwise provided in these Terms.

2. Subject to the Terms and Services
2.1. These Terms of Services, together with any other addenda, terms and conditions or documents expressly incorporated herein constitute the entire agreement between the parties (together, the “Terms”).
2.2. In the event of any inconsistency between these terms of services and any of the other addenda, terms and documents, the provisions of these terms of services shall prevail to the extent of such inconsistency. All other information provided on the TIMAU SPACE platform or oral/written statements made are excluded from these Terms and do not constitute a legal agreement between the parties. Use of the TIMAU SPACE platform and the Services is governed by these Terms.
2.3. The TIMAU SPACE platform and the copyright in all text, graphics, images, software and any other materials on the TIMAU SPACE platform are owned by TIMAU SPACE, including all trademarks and other Intellectual Property Rights in respect of materials and Services on the TIMAU SPACE platform. Materials on the TIMAU SPACE platform may only be used for personal use and non-commercial purposes.
2.4. Customer may display on a computer screen or print extracts from the TIMAU SPACE platform for the above-stated purposes only provided that Customer retain any copyright and other proprietary notices or any of TIMAU SPACE’s trademarks or logos, as shown on the initial printout or download without alteration, addition or deletion. Except as expressly stated herein, the Customer may not without TIMAU SPACE’s prior written permission alter, modify, reproduce, distribute, or use in any other commercial context any materials from the TIMAU SPACE platform.
2.5. Customer acknowledges that TIMAU SPACE logo is trademark of TIMAU SPACE. The Customer may reproduce such trademarks without alteration on material downloaded from the TIMAU SPACE platform to the extent authorized above, but Customer may not otherwise use, copy, adapt or erase them.
2.6. Customer shall not in any circumstance obtain any rights over or in respect of the TIMAU SPACE platform (other than rights to use the TIMAU SPACE platform pursuant to these Terms and any other terms and conditions governing a particular service or section of the TIMAU SPACE platform) or hold Customer out as having any such rights over or in respect of the TIMAU SPACE platform.
2.7. Customer is not allowed to access or use the Services or the TIMAU SPACE platform if the Customer is located, incorporated or otherwise established in, or a citizen or resident of: a) any state, country or other jurisdiction that is embargoed by the United States of America or European Union; b) a jurisdiction where it would be illegal according to Applicable Law for Customer (by reason of Customer nationality, domicile, citizenship, residence or otherwise) to access or use the Services or the TIMAU SPACE platform; or c) where the publication or availability of the Services or the TIMAU SPACE platform is prohibited or contrary to local law or regulation, or could subject any member of the TIMAU SPACE to any local registration or licensing requirements (together, the “Restricted Jurisdictions”).
2.8. TIMAU SPACE may, in its sole discretion, implement controls to restrict access to the Services on the TIMAU SPACE platform in any of the Restricted Jurisdictions. If TIMAU SPACE determines that Customer is accessing the Services on the TIMAU SPACE platform from any Restricted Jurisdiction or have given false representations as to Customer’s location of incorporation, establishment, citizenship or place of residence, TIMAU SPACE reserves the right to close any of Customer account immediately and liquidate any open order.

3. General terms
3.1. By accessing, viewing or downloading information from the TIMAU SPACE platform and using the Services provided by the TIMAU SPACE, Customer acknowledges that Customer has read and considered, and Customer understands and unconditionally agrees to be bound, by these Terms. TIMAU SPACE may, at any time, without notice, amend the Terms. Customer agrees to continue to be bound by any such amended Terms and that TIMAU SPACE has no obligation to notify Customer of such amendments. The Customer acknowledges that it is a Customer responsibility to check these Terms periodically for changes and that Customer continued use of the TIMAU SPACE platform and Services offered by the TIMAU SPACE following the posting of any changes to the Terms indicates Customer acceptance of any such changes.
3.2. When accessing and using the Service, Customer must:
3.2.1. Carry out any activity that involves proceeds from any illegal or unlawful activity (including activities relating to cryptocurrency tumblers, darknet markets, money laundering or terrorism financing); publishes, distributes or disseminates any illegal or unlawful material or information; or otherwise violates, or could violate, any Applicable Law;
3.2.2. Not attempt to undermine the security or integrity of the TIMAU SPACE’s computing systems or networks or, where the Services are hosted by a third party, that third party’s computing systems and networks;
3.2.3. Not use, or misuse, the Services in any way which may impair the functionality of the Services or TIMAU SPACE platform, or other systems used to deliver the Services or impair the ability of any other user to use the Services or TIMAU SPACE platform;
3.2.4. Not attempt to gain unauthorized access to the computer system on which the TIMAU SPACE platform is hosted or to any materials other than those to which Customer have been given express permission to access;
3.2.5. Not transmit or input into the TIMAU SPACE platform any files that may damage any other person’s computing devices or software; content that may be offensive; or material or data in violation of any law (including data or other material protected by copyright or trade secrets which Customer do not have the right to use);
3.2.6. Not attempt to modify, copy, adapt, reproduce, disassemble, decompile or reverse-engineer any computer programs used to deliver the Services or to operate the TIMAU SPACE platform except as is strictly necessary to use either of them for normal operation;
3.2.7. Ensure that all usernames and passwords required to access the TIMAU SPACE platform are kept secure and confidential; and
3.2.8. Immediately notify TIMAU SPACE of any unauthorized use of Customer password(s) or any other breach of security and TIMAU SPACE will reset Customer password(s) upon such notification.
3.3. Use of the Services may be subject to limitations, including but not limited to transaction volumes and the number of calls permitted to be made against the relevant application programming interface. Any such limitations will be advised.
3.4. By accessing the TIMAU SPACE platform, using the Services or registering as a Customer, Customer represent, warrant, and undertake that:
3.4.1. Customer have accepted the Terms;
3.4.2. Customer is at least 18 years of age and have the capacity to accept the Terms;
3.4.3. Customer is the legal owner (or an appropriately authorized representative of the legal owner) of the funds Customer add to Customer account with TIMAU SPACE and that the same funds derive from a legitimate source;
3.4.4. Customer use of the Services does not constitute a breach of Applicable Law;
3.4.5. Customer is aware of the risks in using the Services provided by the TIMAU SPACE and have the necessary experience and knowledge to understand the risks involved in relation to each Service provided by the TIMAU SPACE. These risks include the high volatility risk of Cryptocurrency itself, and that Customer may lose all the funds in Customer trading account if the market moves against Customer;
3.4.6. Customer acknowledges and agrees that the Services should only be used by Customer if the Customer:
3.4.6.1. has knowledge and experience in highly volatile markets;
3.4.6.2. has a high-risk tolerance;
3.4.7. Customer will not be involved or initiate any form of market manipulation, including spoofing orders or otherwise;
3.4.8. the information or documents Customer provides as part of any ID verification process are correct, genuine, and up to date;
3.4.9. any Cryptocurrency withdrawal address provided by the Customer is Customer’s own and that Customer has full control over this address;
3.4.10. Customer is not allowed to access or use the Services if Customer is located in, incorporated or otherwise established in, or a citizen or resident of any Restricted Jurisdiction, and that TIMAU SPACE reserves the right to close any of Customer account immediately and liquidate any open order if the Customer is accessing the Services from any Restricted Jurisdiction or has given false representations as to Customer location, place of incorporation or establishment, citizenship or place of residence;
3.4.11. Customer has not violated, been fined, debarred, sanctioned, the subject of economic sanctions-related restrictions, or otherwise penalized under; received any oral or written notice from any government concerning actual or possible violation by Customer under; or received any other report that Customer is the subject or target of sanctions, restrictions, penalties, or enforcement action or investigation under, any Applicable Law (including but not limited to anti-money laundering laws, counterterrorism financing laws, anti-corruption laws or economic sanctions laws); and
3.4.12. neither Customer nor any of Customer affiliates are: itself, or owned or controlled by, a sanctioned person; involved in any transaction, transfer, or conduct, whether or not by using or receiving the Services on the TIMAU SPACE platform, that is likely to result in Customer or Customer affiliates becoming a sanctioned person; or located in, incorporated or otherwise established in, or a citizen or resident of, a Restricted Jurisdiction.
3.5. The Customer can open an initial account by providing Customer email address and full name.
3.6. TIMAU SPACE reserves the right at any time to verify Customer identity for the purposes of complying with the Money Laundering and Terrorist Financing Prevention Act of the Republic of Latvia or any other Applicable Law.
3.7. TIMAU SPACE imposes certain trading limits before Customer is required to conduct Customer Due Diligence (CDD). Customer agrees to cooperate with TIMAU SPACE in this process and will provide all documentation/information that TIMAU SPACE may require to satisfy itselve of Customer identity and the purpose of the business relationship.
3.8. Customer agrees that any trading or other instructions received or undertaken through Customer account are deemed to be final and conclusive, and that TIMAU SPACE may act upon such instructions without any liability or responsibility attached to it. In connection with any APIs offered on or through the TIMAU SPACE platform, Customer acknowledges and agrees that:
3.8.1. TIMAU SPACE is permitted to share Customer data with any third parties that possess Customer unique API key, and
3.8.2. TIMAU SPACE may rely and act upon the instructions (including, but not limited to, instructions relating to order placement or the closing of positions) of any third parties that possess Customer unique API key, and the TIMAU SPACE accepts no responsibility or liability for any loss arising from the foregoing.
3.9. TIMAU SPACE may freeze any account if it suspects or has the reason to believe that the Customer is engaged in suspicious trading or other activity or has breached any of the above warranties or other provisions of these Terms. This may result in the unwinding of any trades Customer has entered. TIMAU SPACE expressly excludes compensation for any losses that the Customer would have incurred as a result of fluctuations in the cryptocurrency rate or compensation for the profits that the Customer would have received as a result of the purchase/sale of cryptocurrency, and the Customer agrees to fully indemnify TIMAU SPACE losses from any actions of third parties as a result of Customer’s behaviour. Whilst the Customer’s account is frozen, TIMAU SPACE will conduct an investigation and may require Customer to cooperate with its enquiries. During the investigation stage Customer will not be able to make deposits or withdrawals to Customer account nor will Customer be able to trade. At the end of the investigation TIMAU SPACE may, at its own discretion, decide to close Customer account for which TIMAU SPACE is not required to provide Customer with any reasons for the same.
3.10. TIMAU SPACE reserves the right at its own discretion to close Customer’s account at any time.
3.11. By using the Services, Customer accepts that TIMAU SPACE reserves the right to liquidate any trades at any time regardless of the profit or loss position.
3.12. It is Customer’s responsibility entirely to provide TIMAU SPACE with correct details including Customer withdrawal address. TIMAU SPACE accepts no liability resulting in Customer not receiving the Cryptocurrency withdrawal due to Customer providing incorrect or out-of-date details. It is also Customer’s responsibility to ensure that instructions, orders, or transactions sent to TIMAU SPACE are well-formatted, clear, and denominated in the correct currency. TIMAU SPACE excludes all liability for any incorrect transactions, including, but not limited or Cryptocurrency addresses.
3.13. It is TIMAU SPACE’s responsibility to maintain an orderly market and as such TIMAU SPACE may at its own discretion halt exchange on the TIMAU SPACE platform due to market disruption or other relevant external events.
3.14. TIMAU SPACE excludes all liability for any claimed losses or profits lost as a result of TIMAU SPACE’s halting exchange.

4. Fees
4.1. The Customer acknowledges and agree that, by using the Services, fees will apply.
4.2. TIMAU SPACE has the right to revise and update the applicable fees at any time at its sole discretion. Any such revision or updates to the fees will apply prospectively to any Services (including any transactions on the TIMAU SPACE platform) that take place following the effective time that the fee revision or update is published on the TIMAU SPACE platform.
4.3. Tariffs for the use of the Services offered by TIMAU SPACE are:
VISA/MasterCard
• Processing fee: 4.5%
• Service fee: 4.5%
• Network fee: 0.0001 BTC / 0.005 ETH / 0.001 LTC / 0.00001 XRP / 0.0001 BCH / 0.0055 DASH / 0.005 ETC / 0.0002 ZEC / 0.2 ADA / 0.00001 XLM SEPA
• Processing fee: 0%
• Service fee: 5%
• Network fee: 0.0001 BTC / 0.005 ETH / 0.001 LTC / 0.00001 XRP / 0.0001 BCH / 0.0055 DASH / 0.005 ETC / 0.0002 ZEC / 0.2 ADA / 0.00001 XLM
WIRE
• Processing fee: 0%
• Service fee: 5%
• Network fee: 0.0001 BTC / 0.005 ETH / 0.001 LTC / 0.00001 XRP / 0.0001 BCH / 0.0055 DASH / 0.005 ETC / 0.0002 ZEC / 0.2 ADA / 0.00001 XLM

Payeer
• Processing fee: 0%
• Service fee: 8%
• Network fee: 0.0001 BTC / 0.005 ETH / 0.001 LTC / 0.00001 XRP / 0.0001 BCH / 0.0055 DASH / 0.005 ETC / 0.0002 ZEC / 0.2 ADA / 0.00001 XLM
Perfect Money / EPay
• Processing fee: 0%
• Service fee: 5%
• Network fee: 0.0001 BTC / 0.005 ETH / 0.001 LTC / 0.00001 XRP / 0.0001 BCH / 0.0055 DASH / 0.005 ETC / 0.0002 ZEC / 0.2 ADA / 0.00001 XLM
Advanced Cash
• Processing fee: 0%
• Service fee: 5%
• Network fee: 0.0001 BTC / 0.005 ETH / 0.001 LTC / 0.00001 XRP / 0.0001 BCH / 0.0055 DASH / 0.005 ETC / 0.0002 ZEC / 0.2 ADA / 0.00001 XLM

Selling cryptocurrency
SEPA
• Processing fee: 5 EUR
• Service fee: 3%
WIRE
• Processing fee: 25 EUR
• Service fee: 3%
Advanced Cash
• Processing fee: 0
• Service fee: 0%

Visa / Mastercard
• Processing fee: 3% + 3 EUR / 3.5 USD
• Service fee: 2%

4.4. Special tariffs for the use of the Services available through TIMAU SPACE GATEWAY only are (for individuals):
• Top-up by VISA/MasterCard card – free of charge.
• Refund of non-used funds to VISA/MasterCard card – 4%, min 5.00 EUR.

4.5. Special tariffs for the use of the Services available through TIMAU SPACE GATEWAY only are (for companies):
• Top-up by VISA/MasterCard card – subject to negotiation.
• Refund to VISA/MasterCard card – subject to negotiation.

5. Transaction processing
5.1. TIMAU SPACE strives to process all transactions within a 48-hour time frame. If the Customer has not received ordered cryptocurrency after 48 hours, the Customer may request to cancel the transaction and fund the transaction to Customer in full.
5.2. If funds transferred by the order is returned due to reasons beyond the control of TIMAU SPACE (inaccurate data of the payment order, the account of the recipient is closed, etc.), the returned amount is credited to the Account of the Customer. Fees paid by the Customer for execution of the order are not returned, and other fees and costs related to the returning of money and applied by TIMAU SPACE can be debited from the Account of the Customer.
5.3. The Customer accepts and acknowledges that payment conducted towards TIMAU SPACE will be explicitly determined as virtual currency purchase at the Service. All Payments including unsuccessful attempts must be considered conducted within Terms between Customer and TIMAU SPACE and eliminates third party involvement. TIMAU SPACE carries no responsibility on further spent funds withdrawn from Service neither usage TIMAU SPACE Service for unlawful transfers towards third party services outside the TIMAU SPACE involvement.

6. Risk disclosure
6.1. The Customer accepts and acknowledges the risks associated with the use of cryptocurrency wallets including the risk of equipment failure; the risk of software malfunction; disruption of internet access; the risk of spreading malware; and the risk of third parties gaining unauthorized access to information stored in Customer’s cryptocurrency account. TIMAU SPACE will not be held responsible for any communication failures, errors or delays the Customer may experience.
6.2. TIMAU SPACE will not be held responsible for any losses, damages or claims that may arise from the use of corrupted wallets, mistyped wallet addresses, viruses, or third-party attacks.
6.3. While using the Service, the Customer assumes full responsibility for the Customer’s wallet. The Customer is responsible for protecting Customer’s wallet from unauthorized access and taking the necessary steps to secure Customer private keys.
6.4. TIMAU SPACE calculates the amount of the Cryptocurrency at the rate fixed at the time of receipt of funds from the Customer.
6.5. TIMAU SPACE has the right to stop the sale of cryptocurrencies, as long as the Customer does not provide its identity documents and will not set a Customer\'s identity.

7. Intellectual properties rights
7.1. All Intellectual Property Rights relating to the TIMAU SPACE platform, all the material used on the TIMAU SPACE platform and the Services including, but not limited to, design, structure, layouts, graphical images, and underlying source code belong to the TIMAU SPACE. All rights are reserved.
7.2. Customer acknowledges that, except as otherwise agreed between the parties in writing, all Intellectual Property Rights of the TIMAU SPACE in the TIMAU SPACE platform and the Services shall remain with the TIMAU SPACE.
7.3. Customer is not granted any right to use, and may not use, any of the TIMAU SPACE’s Intellectual Property Rights other than as set out in these Terms and subject to the following conditions:
7.3.1. Customer may only view and use the Services and the TIMAU SPACE platform (or any part of it or its contents) for Customer own personal use and may not copy, reproduce, republish, upload, repost, modify, transmit, distribute or otherwise use the Services and the TIMAU SPACE platform (or any part of it or its content) in any way for non-personal, public or commercial use without the prior written consent of TIMAU SPACE. All restrictions relating to use of the Services and the TIMAU SPACE platform in these Terms shall apply to data available through any APIs;
7.3.2. Customer may not remove or modify any copyright, trademark or other proprietary notices that have been placed in any part of the Services; and
7.3.3. Customer may not use any data mining, robots or similar data-gathering or extraction methods.
7.4. By submitting Customer content directly or indirectly to or through the TIMAU SPACE platform in any way, including, but not limited to, blogs, message boards, forums and APIs (whether or not submitted through a third party), the Customer grants the TIMAU SPACE a royalty-free, perpetual, irrevocable, transferable, sublicensable, non-exclusive right and license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, communicate to the public, perform and display all of Customer’s content (in whole or in part) worldwide and to incorporate it in other works in any form, media, or technology now known or later developed, for the full term of any rights that may exist in such content.
7.5. TIMAU SPACE shall be the sole owner of any derivative work produced by the TIMAU SPACE based on, or in any way connected with, Customer content, and shall have the right to use such derivative work for any purpose, commercial or otherwise, without any further obligation to Customer. The Customer also permit any other users of the TIMAU SPACE platform to access, display, view, store and reproduce such content for personal use. The Customer waives (and to the extent Customer cannot waive, agree irrevocably not to assert) any and all moral rights to which Customer may be entitled anywhere in the world in respect of such content.
7.6. TIMAU SPACE has the right, but not the obligation, to monitor all conduct and content submitted to or through the TIMAU SPACE platform, and may in its sole discretion:
7.6.1. To refuse to publish, remove, or modify content or disable access to content that it considers breaches these Terms; or
7.6.2. To close or discontinue Customer opportunity to submit, post or upload content.
7.7. By submitting any content to the TIMAU SPACE platform the Customer warrants that Customer is entitled to, and have all necessary Intellectual Property Rights over, that content to submit it on the TIMAU SPACE platform in accordance with these Terms.
7.8. TIMAU SPACE reserves the right to disclose Customer identity to any third party who claims that any content posted or uploaded by Customer to the TIMAU SPACE platform constitutes a violation of their Intellectual Property Rights or of their right to privacy.

8. Privacy notice
8.1. For more details about TIMAU SPACE’s privacy and data protection practices, please refer to our Privacy Policy available at the following webpage https:/timau.space/.

9. Third parties’ websites
9.1. TIMAU SPACE links to third party websites that are not affiliated or associated with the TIMAU SPACE (although branding, advertisements or links relating to the TIMAU SPACE platform or any Services may appear on these websites) and TIMAU SPACE may send e-mail messages to Customer containing advertisements or promotions including links to third parties. TIMAU SPACE makes no representation as to the quality, suitability, functionality, or legality of the material on third party websites that are linked to, or to any goods and services available from such websites. The material is only provided for Customer interest and convenience. TIMAU SPACE does not monitor or investigate such third-party websites and TIMAU SPACE accepts no responsibility or liability for any loss arising from the content or accuracy of this material and any opinion expressed in the material should not be taken as an endorsement, recommendation or opinion of any member of the TIMAU SPACE.
9.2. Under no circumstances the Customer has the right to create a hyperlink to any of the pages on the TIMAU SPACE platform, unless TIMAU SPACE provides Customer with its prior consent to do so. If Customer do create a link to any of the pages on the TIMAU SPACE platform, the Customer acknowledges that Customer is responsible for all direct or indirect consequences of the link, and the Customer indemnify each member of the TIMAU SPACE immediately upon demand for all loss, liability, costs or expense arising from or in connection with the link.

10. Warranties and responsibilities
10.1. The Customer represents, warrants and undertakes that:
10.1.1. The Customer is authorized to access and use the Services and TIMAU SPACE platform. In particular, each jurisdiction where the Customer is located in, incorporated, or otherwise established in, or of which Customer is a citizen or resident, allows the Customer to utilize the Services and the TIMAU SPACE platform;
10.1.2. If the Customer is using TIMAU SPACE platform on behalf of or for the benefit of any person or organization, the Customer must be authorized to do so. The relevant person or organization will be liable for the Customer actions, including any breach of these Terms; and
10.1.3. The Customer use of TIMAU SPACE platform and the Services is at Customer’s own risk. Customer agrees that TIMAU SPACE is not liable for any damage or harm arising out of the Customer use of the TIMAU SPACE platform and Services.
10.2. Customer acknowledges and agrees that:
10.2.1. the information provided on the TIMAU SPACE platform is for general information purposes only and is given in good faith. However, the information is selective and TIMAU SPACE may not verify all information, which may not be complete or accurate for Customer purposes and should not be relied upon without further enquiry. The information and Services should not be construed as an offer or a recommendation to trade or engage the Services provided by the TIMAU SPACE in a particular manner and the information does not take into account the investment objectives or financial situation of any particular person; and
10.2.2. TIMAU SPACE does not warrant that the use of the TIMAU SPACE platform will be uninterrupted or error-free. Amongst other things, the operation and availability of the systems used for accessing the TIMAU SPACE platform, including public telephone services, computer networks and the internet, can be unpredictable and may from time to time interfere with or prevent access to the TIMAU SPACE platform. TIMAU SPACE is not in any way responsible for any such interference that prevents Customer access or use of the TIMAU SPACE platform and the Services.
10.2.3. The Customer warrants and represents that the Customer is acquiring the right to access and use TIMAU SPACE platform and agreeing to these Terms for the purposes of a business and that, to the maximum extent permitted by law, any statutory consumer guarantees or legislation intended to protect non-business consumers in any jurisdiction does not apply to the supply of the TIMAU SPACE platform or these Terms.

11. Accuracy of services
11.1. The Customer acknowledges, agrees, and understands that none of the Services amount to investment advice or any marketing, or promotion or offer of any product or investment to Customer or any third party. The Customer is solely responsible for any losses, damages or costs resulting from Customer reliance on any data or information that the TIMAU SPACE may provide in connection with the Customer use of the Services. The Customer will make its own independent decision to access or use the Services.
11.2. To the maximum extent permitted under Applicable Law, the Services and any product, service or other item provided by or on behalf of TIMAU SPACE are provided on an “as is” and “as available” basis and TIMAU SPACE expressly disclaims, and the Customer waives, any and all other warranties of any kind, whether express or implied, including implied warranties of merchantability, fitness for a particular purpose, title or non-infringement or warranties arising from course of performance, course of dealing or usage in trade. Without limiting the foregoing, TIMAU SPACE does not represent or warrant that the Services are accurate, complete, reliable, current, or error-free, or free of viruses or other harmful components.
11.3. TIMAU SPACE shall make reasonable efforts to ensure that the Services are available to Customer. However, access to the Services may be disrupted from time to time due to necessary maintenance, technical issues, network and system overloads or events outside of TIMAU SPACE’s control. TIMAU SPACE will use commercially reasonable efforts to avoid downtime of the Services during anticipated peak hours but assumes no liability (whether for trading-related losses or otherwise) if the Services or any part thereof are unavailable at any time or for any period.
11.4. Customer acknowledges and agrees that:
11.4.1. TIMAU SPACE shall not have any liability, contingent or otherwise, to Customer or to any third parties, for the correctness, quality, accuracy, security, completeness, reliability, performance, timeliness, pricing or continued availability of the Services (including the TIMAU SPACE platform) or for delays or omissions of the Services, or for the failure of any connection or communication service to provide or maintain the Customer’s access to the Services, or for any interruption in or disruption of Customer’s access or any erroneous communications between the TIMAU SPACE and Customer, regardless of cause;
11.4.2. TIMAU SPACE shall not have any liability or be responsible in any way for the Customer use of the internet to connect to the Services or any technical problems, system failures, malfunctions, communication line failures, high internet traffic or demand, related issues, security breaches or any similar technical problems or defects experienced. The Customer shall be responsible for any fees incurred in order to connect to the internet for the purpose of using or accessing the Services;
11.4.3. The Customer is solely responsible for its own hardware used to access the Services and is solely liable for the integrity and proper storage of any data associated with the Services that is stored on Customer’s own hardware. The Customer is responsible for taking appropriate action to protect its hardware and data from viruses and malicious software, and any inappropriate material. Except as provided by Applicable Law, the Customer is solely responsible for backing up and maintaining duplicate copies of any information Customer stores or transfers through our Services. TIMAU SPACE will not be liable to the Customer in the event that the Customer’s hardware fails, is damaged or destroyed or any records or data stored on the Customer’s hardware is corrupted or lost for any reason.
11.5. The Customer must immediately notify TIMAU SPACE in the event that the Customer becomes aware of any of the Services malfunctioning or a trading error occurring or if the Customer otherwise experiences any material malfunction or other connectivity problem that adversely affects the Customer’s access to use any Services.
11.6. The Customer acknowledges, agrees and understands that if the Customer travels to any Restricted Jurisdiction, TIMAU SPACE’s Services may not be available and the Customer access to Services may be blocked. The Customer acknowledges that this may impact Customer’s ability to trade on TIMAU SPACE platform or monitor any existing orders or open positions or otherwise use the Services. The Customer must not attempt in any way to circumvent any such restriction, including by use of any virtual private network to modify Customer’s internet protocol address.
11.7. The Customer acknowledges and agrees that there are series of inherent risks with the use of mobile trading technology such as TIMAU SPACE Mobile Application including, but not limited to, latency in the prices provided. TIMAU SPACE shall not be liable for any and all circumstances in connection with the Customer’s use of TIMAU SPACE Mobile Application in which Customer experience a delay in price quotation or an inability to trade caused by network circuit transmission problems or any other problems outside TIMAU SPACE’s direct control, which includes but is not limited to the strength of the mobile signal, cellular latency, or any other issues that may arise between the Customer and any internet service provider, phone service provider or any other service provider. Furthermore, some of the features available on TIMAU SPACE platform may not be available on the TIMAU SPACE Mobile Application. The Customer may also be required to download and install updates to the TIMAU SPACE’s Mobile Application so as to maintain provision of the Services. Customer’s failure to do so might lead to certain parts of the Services becoming temporarily inaccessible to Customer until such update has been downloaded and installed.
11.8. The Customer acknowledges, agrees and understands that certain of the Services (including any software that may be produced, developed or published by the TIMAU SPACE from time to time) may be beta versions being tested at the time of release. Consequentially, such development services may be unstable and may change from time to time. TIMAU SPACE does not warrant that the functionality of Services will meet Customer’s requirements or that the operation of development services will be uninterrupted or error-free. TIMAU SPACE reserves the right, at any time and for any reason, to discontinue, redesign, modify, enhance, or change any Services.
11.9. The Customer acknowledges, agrees, and understands that:
11.9.1. TIMAU SPACE is provided for informational and testing purposes, and not for educational purposes;
11.9.2. Whilst TIMAU SPACE uses the same market data and indices as the TIMAU SPACE platform, there may be discrepancies between the TIMAU SPACE and the TIMAU SPACE platform; and
11.9.3. Any past performance and experience on and with TIMAU SPACE are not a reliable indicator of future returns, performance, and experience with the TIMAU SPACE platform.

12. Indemnifications
12.1. The Customer agrees to indemnify and hold harmless each member of TIMAU SPACE and their respective directors, officers, employees, agents, contractors and licensors immediately upon demand from and against any and all claims, demands, lawsuits, actions, proceedings, investigations, liabilities, damages, losses, costs or expenses, including reasonable attorneys’ fees, in any way arising out of, in relation to or in connection with, directly or indirectly, Customer or Customer authorized representatives:
12.1.1. Use of, or conduct in connection with, the Services;
12.1.2. Breach of these Terms or any other policy of the TIMAU SPACE; or
12.1.3. Violation of any Applicable Law or the rights of any other person or entity.

13. Limitation of liability
13.1. Nothing in these Terms shall exclude or restrict the TIMAU SPACE’s or any of the Associated Parties’ liability for:
13.1.1. Fraud; or
13.1.2. Any other matter that cannot be excluded or limited under applicable law.
13.2. Subject to the foregoing, to the maximum extent permitted by Applicable Law:
13.2.1. in no event shall TIMAU SPACE or any of the Associated Parties be liable for any:
13.2.2. indirect or consequential loss; or loss of profit, business opportunity, revenue or goodwill, in each case, whether arising from breach of contract, tort (including negligence), breach of statutory duty or otherwise, arising out of or in connection with authorized or unauthorized use of the Services or these Terms, even if an authorized representative of the TIMAU SPACE or any of the Associated Parties has been advised of, knew of or should have known of the possibility of such damages; and
13.2.3. TIMAU SPACE’s and the Associated Parties’ aggregate liability in contract, tort or otherwise (including any liability for any negligent act or omission) howsoever arising out of or in connection with the performance of its obligations under these Terms in respect of any one or more incidents or occurrences shall be limited to the total net amount of Cryptocurrency received by TIMAU SPACE from Customer by way of trading fees in connection with the Customer’s use of TIMAU SPACE platform in the six-month period immediately prior to the date of the incident, or the first incident of a series of connected incidents, giving rise to a claim made by Customer under these Terms.

14. Calculations
14.1. All calculations performed by the TIMAU SPACE platform’s is verified by TIMAU SPACE and are final. TIMAU SPACE does not warrant that the use of the TIMAU SPACE platform will be uninterrupted or error-free.

15. Termination and remedies for breach of these terms by Customer
15.1. TIMAU SPACE reserves the right to seek all remedies available at law and in equity for violations of these Terms, including without limitation, the right to restrict, close or terminate Customer’s account or deny the Customer access to TIMAU SPACE platform without notice.
15.2. TIMAU SPACE shall be entitled to disclose information (including, but not limited to, Customer user identity and personal details) when cooperating with law enforcement enquiries (whether or not such enquiries are mandatory under Applicable Law) or where permitted under or otherwise compliant with Applicable Law.

16. Confidentiality
16.1. The Customer undertakes not to disclose to any person or persons any Confidential Information that Customer may acquire in the course of Customer’s use of the TIMAU SPACE platform.
16.2. For the purposes of these Terms, “Confidential Information” shall mean any written information (including information provided in electronic form) or oral information which is confidential or a trade secret or proprietary and which is clearly identified as confidential at the time of disclosure or would be assumed by a reasonable person to be confidential under the circumstances surrounding the disclosure. Notwithstanding the foregoing, Confidential Information shall not include information which is: a) already known by Customer prior to receipt from us; b) publicly known or becomes publicly known through no wrongful act of Customer; c) rightfully received from a third party without Customer having knowledge of a breach of any other relevant confidentiality obligation; or d) independently developed by Customer. The obligations of this clause do not prevent Customer from disclosing Confidential Information either: a) to a third party pursuant to a written authorization from us; or b) to satisfy a requirement of, or demand by, a competent court of law or other tribunal or governmental, or administrative or regulatory or self-regulatory body or listing authority or any Applicable Law, provided that TIMAU SPACE is notified prior to such disclosure to the extent permitted by Applicable Law.

17. Absence of waiver
17.1. Any failure or delay by TIMAU SPACE to enforce any of the Terms or exercise any right under the Terms will not be construed as a waiver to any extent of our rights.

18. Force Majeure
18.1. Neither party is liable for delay in meeting its obligations due to any cause outside its reasonable control. The condition beyond its reasonable control (Force Majeure) includes but is not limited to governmental action, the war, riots, hurricane, typhoon, acts of terrorism, earthquake, fire, flood, lightning, explosion strikes, lockouts, emergency state, pandemic or any other diseases as defined by the World Health Organization (WHO), prolonged shortage of energy supplies, and acts of state or governmental action prohibiting or impeding any party from performing its respective obligations under the Agreement or other acts of God, labour conditions, power failures, and Internet disturbances.

19. Survival
19.1. Should any provision of these Terms be held to be void, invalid, unenforceable, or illegal by a court, the validity and enforceability of the other provisions shall not be affected. If any provision is determined to be unenforceable, the Customer agrees to an amendment by TIMAU SPACE of such provision to provide for enforcement of the provision’s intent, to the extent permitted by applicable law.

20. Governing law
20.1. The Terms and any non-contractual obligations arising out of or in connection with them are governed by and construed in accordance with law of the Republic of Latvia.

21. Dispute resolution
21.1. Subject to the Applicable Law of Customer’s jurisdiction, the courts of the Republic of Latvia have non-exclusive jurisdiction to settle any dispute arising from or connected with these Terms (including a dispute relating to the existence, validity or termination of these Terms or the consequences of their nullity or any non-contractual obligation arising out of or in connection with these Terms).

Data Privacy Policy

PRIVACY POLICY
The Privacy Policy may be made available in several languages, all versions are legally binding, but in the event of inconsistency between English version and a translated version English version prevails.

1. INTRODUCTION
1.1. The Privacy Policy establishes basic principles on personal data processing of TIMAU (hereinafter – TIMAU SPACE).
1.2. TIMAU SPACE takes the privacy of customers personal information very seriously. TIMAU SPACE is responsible for ensuring that personal information is collected and processed in line with the Personal Data Protection Act of the Republic of Latvia and the EU General Data Protection Regulation (GDPR).
1.3. The Privacy Policy forms an integral part of the Terms and Conditions and describes how we collect, process, disclose and transfer personal information that is provided to us during use of TIMAU SPACE services. Please check the Terms and Conditions for the meaning of capitalized terms.
1.4. The respective Policy is applicable if a Customer uses, has used or has intention to use financial services provided by TIMAU SPACE, including the relationship with the Customer established before this Policy enters into force.

2. FOR THE PURPOSE OF THIS POLICY THE FOLLOWING DEFINITIONS ARE USED:
2.1. Customer – any private individual who uses, has used or has expressed a wish to use or is in other way related to any of the services provided by TIMAU SPACE.
2.2. Personal data - means any information relating to an identified or identifiable Customer.
2.3. Processing - any operations carried out with Personal data (incl. collection, recording, storing, alteration, grant of access to, making enquiries, transfer, etc).
2.4. TIMAU SPACE - means a legal entity, company\'s registration code: 40203446911, registered office at Maskavas iela 55, Riga, Latvia, LV-1003, email: info@timau.space and who is acting as a Personal data controller.

3. GENERAL PROVISIONS
3.1. This Policy describes general principles how TIMAU SPACE processes Personal data. Specific details on the processing of Personal data might be also included in agreements entered or to be entered between the Customer and TIMAU SPACE and is reflected in website https://timau.space/;
3.2. TIMAU SPACE ensure, within the framework of applicable law, the confidentiality of Personal data and has implemented appropriate technical and organisational measures to safeguard Personal data from unauthorized access, unlawful Processing or disclosure, accidental loss, modification or destruction.
3.3. TIMAU SPACE may use authorised processors of Personal data Processing. In such cases TIMAU SPACE takes needed steps to ensure that such data processors Process Personal data under the instructions of TIMAU SPACE and in compliance with applicable law and requires adequate security measures.
3.4. TIMAU SPACE’s cookies policy is available on TIMAU SPACE website timau.space

4. CUSTOMER CONSENT
4.1. By providing the consent to the Terms and Conditions before using TIMAU SPACE services and by using TIMAU SPACE services the Customer expressly provides its consent to the processing of personal information under this Privacy Policy. The Customer provides its consent to the transfer of personal information via the Internet, including transfer of personal information to countries outside the European Economic Area (‘EEA’). If the Customer objects to personal information is being collected, processed or disclosed under this Privacy Policy, the Customer should not use TIAMU SPACE services.
4.2. If TIMAU SPACE intends to collect, process or disclose personal information for a purpose not under this Privacy Policy, TIMAU SPACE will inform the Customer and give the Customer an opportunity to object or decline collection, processing or disclosure of personal information in question.

5. CATEGORIES OF PERSONAL DATA
5.1. Personal data may be collected from the Customer, from the Customer’s use of the financial services and from external sources such as public and private registers or other third parties.
5.2. Personal data categories which TIMAU SPACE primarily, but not only, collects and processes are the following:
5.2.1. Identification data at account opening application, subscriptions or other forms such as name and personal identification code, date of birth, data regarding the identification document (such as copy of the passport, ID card), personal description and photograph and any other information you provide us in order to prove your eligibility to use our services, including information you provide subscribe to any of TIMAU SPACE services, enter into any transaction on the web site.
5.2.2. Contact data such as telephone number, email address or applying for particular products the residence address (if applicable), language of communication;
5.2.3. Data about the relationships with legal entities such as data submitted by the Customer or obtained from public registers or through third party for the execution of transactions on behalf of the legal entity in question, legal representatives (acting with relevant authorisation or on any other basis), contracting parties and contract participants, funds sources, ultimate beneficial owners (UBO), general manager of a company; shareholder; member of the management board or any other management body; Data about habits, preferences and satisfaction such as the activeness of using the services, services used, personal settings, survey responses, lifestyle, hobbies, Customer satisfaction;
5.2.4. Data obtained and/or created while performing an obligation arising from law such as data resulting from enquiries made by investigative bodies, notaries, tax administrator, courts and bailiffs, details of income, credit commitments, property holdings, and debt balances;
5.2.5. Data on origin of assets such as data regarding the Customer\'s transaction partners and business activities;
5.2.6. Data related to the services such as the performance of the agreements or the failure thereof, executed transactions, concluded and expired agreements, submitted applications, requests and complaints, interests and service fees;
5.2.7. Data about participation in games and campaigns such as the points gained, prizes won in games or campaigns;
5.2.8. Family data such as information about Customer’s family, heirs and another related person’s;
5.2.9. Professional data such as educational or professional career;
5.2.10. Financial data such as accounts, ownership, transactions, credits, income and liabilities (if applicable);
5.2.11. Data that enables TIMAU SPACE to perform its due diligence measures regarding money laundering and terrorist financing prevention and to ensure the compliance with international sanctions, including the purpose of the business relationship and whether the Customer is a politically exposed person;
5.2.12. Depending on TIMAU SPACE product the Customer has chosen data about the Customer’s tax residency such as data about the country of residence, tax identification number, citizenship;
5.2.13. Communication data - collected when the Customer communicates with TIMAU SPACE via telephone, visual and/or audio recordings, e-mail, messages and other communication channels such as social media, data related to the Customer’s visit at web page or communicating through other TIMAU SPACE channels (such as chat).
5.2.14. Location data - processed on an electronic communications network or processed by means of electronic communications services, indicating the location of the electronic communications terminal equipment, including the location of the terminal equipment (address), connection point address, GPS, Wi-Fi, etc.
5.2.15. TIMAU SPACE may collect and store information (including personal information) locally on Customer’s device using mechanisms such as browser web storage.
5.2.16. TIMAU SPACE may use various technologies to collect and store information when Customer visit TIMAU SPACE web page, and this may include using cookies or similar technologies to identify Customer’s browser or device.

6. PURPOSES AND BASIS OF PROCESSING PERSONAL DATA
6.1. TIMAU SPACE process Personal data only for specific and necessary purposes, based on certain legal bases, including TIMAU SPACE ’s legitimate interests.
6.2. TIMAU SPACE process Personal data primarily to:
6.2.1. manage Customer relations in general and provide and administrate access to financial services offered by TIMAU SPACE.
6.2.2. provide services and to execute contracts (deals) concluded. Processing is carried out on the basis of law and contract (transaction) basis;
6.2.3. perform credit and risk assessments;
6.2.4. notify Customer about changes to TIMAU SPACE ’s services;
6.2.5. administer TIMAU SPACE ’s web pages for internal operations, including troubleshooting, data analysis, testing, research, statistical and survey purposes;
6.2.6. improve TIMAU SPACE ’s web pages and to ensure that content is presented in the most effective manner for you and for your computer;
6.2.7. allow to participate in interactive features of TIMAU SPACE ’s service, when Customer choose to do so;
6.2.8. measure or understand the effectiveness of advertising TIMAU SPACE serves to Customer and others, and to deliver relevant advertising to Customer;
6.2.9. to help TIMAU SPACE better understand Customer financial circumstances and behaviour according to which TIMAU SPACE may make decisions about managing Customer’s account;
6.2.10. protect the interests of the Customer and /or TIMAU SPACE and examine the quality of services provided by TIMAU SPACE and for the purpose of providing proof of a commercial transaction or of other business communication (recorded conversations) based on performance of an agreement or in order to take steps at the request of the Customer prior entering into an agreement or compliance with a legal obligation or consent from the Customer or legitimate interests of TIMAU SPACE to prevent, limit and investigate any misuse or unlawful use or disturbance of TIMAU SPACE financial services or quality assurance of services, establish, exercise, assign and defend legal claims;
6.2.11. provide additional services; perform customer surveys, market analyses and statistics. Offer to the Customer the services of TIMAU SPACE or carefully selected cooperation partners, including personalized offers, based on consent from the Customer;
6.2.12. perform Customer’ surveys, market analyses and statistics; organize games and campaigns for a Customer based on TIMAU SPACE ’s legitimate interest to improve TIMAU SPACE ’s services, improve the Customer’s user experience of services and to develop new products and services;
6.2.13. TIMAU SPACE offers to comply with legal obligations and verification of identity. To comply with applicable law, for example related to implementing the principles of responsible lending, prevent, discover, investigate and report potential money laundering, terrorist financing, if the Customer is subject to financial sanctions or is a politically exposed person;
6.2.14. prevent misuse of financial services and ensure adequate provisions of services. To authorize and control access to and functioning of digital channels, prevent unauthorized access and misuse of those and to ensure the safety of information based on: performance of an agreement or take steps at the request of the Customer prior to entering into an agreement. To improve technical systems, IT infrastructure, customizing the display of the service to the device and to develop TIMAU SPACE services such as by testing and improving technical systems and IT infrastructure;
6.2.15. execute transactions on TIMAU SPACE ’s system and process incoming and outgoing payments.

7. ADVERTISING AND DIRECT MARKETING
7.1. TIMAU SPACE ’s advertising and direct marketing communications (e.g. about TIMAU SPACE’s Services and related campaigns) are sent to Customers who have consented to receiving direct marketing and commercial communications from TIMAU SPACE. Such Customers receive TIMAU SPACE commercial communications and direct marketing communications via their preferred means of communication. TIMAU SPACE may market its services to the existing Customers on the ground of legitimate interest.
7.2. The Customer may give his/her consent to the receipt of commercial communications of TIMAU SPACE by visiting TIMAU SPACE’s web page and/or registering on the website, as well as by signing service application forms.
7.3. Client’s consent to receive commercial communications is valid until its withdrawal. Customers have the right to object to the processing of their Personal data for direct marketing purposes at any time and free of charge. To exercise this right, please contact the TIMAU SPACE. Customers can also opt out of receiving the advertising and commercial communications using the link provided in the e-mail message or following other instructions as provided in such direct marketing communication.

8. THE GROUNDS TO ACCESS AND USE PERSONAL DATA
8.1. TIMAU SPACE access and use your personal data, if any of the following applies:
8.1.1. Customer intend to conclude or have concluded an agreement with TIMAU SPACE;
8.1.2. Customer have given your consent;
8.1.3. processing of personal data is possible on the basis of legislative acts;
8.1.4. for the purposes of our legitimate interests, such as, e.g.:
8.1.5. to improve TIMAU SPACE service quality, to ensure our operational consistency and sustainability, comprehensiveness of services adapting them to Customer\'s expectations to achieve maximum Customer satisfaction;
8.1.6. to bring an action or defend any legal claims and carry out other legal actions with the aim to avoid or minimise losses;
8.1.7. to systematically monitor and prevent illegal activities a perform continuous assessment of relevant risks.
8.2. If Customer fails to provide TIMAU SPACE with personal data that is necessary for the conclusion and/or performance of an agreement or provision whereof is required by law or under the agreement, TIMAU SPACE may be unable to provide services to Customer.
8.3. The Customer may have the right:
8.3.1. to access personal information TIMAU SPACE holds about the Customer. TIMAU SPACE may charge a fee for providing or making this information available;
8.3.2. to require TIMAU SPACE not to process personal information for marketing purposes;
8.3.3. to request the erasure of personal data (“The right to be forgotten”) by submitting a request;
8.3.4. to exercise its rights mentioned above by sending an e-mail specified on the webpage.

9. PROFILING, PERSONALIZED OFFERING AND AUTOMATED DECISION MAKING
9.1. Profiling refers to the automatic Processing of Personal data used to assess certain personal characteristics of a Customer. Profiling is used for direct marketing purposes. Automated decision making is used for risk management and for transaction monitoring to counter fraud and is based on TIMAU SPACE legitimate interest, compliance with a legal obligation, performance of an agreement or consent from the Customer.
9.2. TIMAU SPACE may process Personal data to improve the user experience of the digital services. Unless direct marketing has been restricted by the Customer, TIMAU SPACE may Process Personal data for the purpose of providing general and personalized offers of TIMAU SPACE ’s services.
9.3. TIMAU SPACE always ensure that Customers can make their choices and use a convenient tools to manage their privacy settings.
9.4. TIMAU SPACE may also collect statistical data regarding the Customer, such as typical behaviour and lifestyle patterns based on demographic household data. Statistical data for creating segments profiles can be collected from external sources and may be combined with TIMAU SPACE internal data.

10. PROVIDERS AND RECIPIENTS OF PERSONAL DATA
10.1. TIMAU SPACE use personal data, which Customer provides to TIMAU SPACE when Customer seeks TIMAU SPACE \'s services and use them, when Customer fill out Customer information forms, submit requests or file claims, also the ones TIMAU SPACE document at website, app, by video surveillance equipment or telephone records, as indicated above.
10.2. Also, TIMAU SPACE may collect your personal data from other sources, such as:
10.2.1. other financial institutions;
10.2.2. Bank of Latvia, Ministry of Finance, Department of Statistics, State Social Insurance Fund Board, State Enterprise Centre of Registers, law enforcement institutions, other registers and institutions;
10.2.3. natural persons, when they provide data of their spouses, children, other relatives by blood or marriage, guarantors, go-borrowers, collateral providers, etc.;
10.2.4. documents that are dedicated for us and received from natural or legal persons when they execute contractual obligations towards us or obligations arising from legislation (information from contracts, reports, etc.);
10.2.5. legal entities, where you are a representative, employee, counterparty, shareholder, participant, owner, etc. of a relevant legal entity;
10.2.6. partners or other legal entities, who provide their services with our help.
10.3. TIMAU SPACE can collect personal information by monitoring technological tools and services, among other things, communication by email from or to TIMAU SPACE. Another instance is when TIMAU SPACE collect information and generate, where Customer provide TIMAU SPACE with it, for instance, by identifying himself (herself) or by providing a comment by electronic means. Also, TIMAU SPACE can obtain information from suppliers. TIMAU SPACE can combine the information obtained from various sourced.
10.4. Personal data is shared with other recipients, such as:
10.4.1. Authorities (such as law enforcement authorities, tax authorities, supervision authorities);
10.4.2. Other banks and financial institutions, providers of payment and other services involved in the performance of a transaction in order to execute transactions on TIMAU SPACE ’s system;
10.4.3. Auditors, legal and financial consultants, or any other processor authorized by TIMAU SPACE.
10.4.4. Third parties maintaining registers (such as to credit bureaus, population registers, commercial registers, or other registers holding Personal data);
10.4.5. Participants and/or parties related to domestic, European and international payment systems, such as SWIFT;
10.4.6. Debt collectors upon assignment of claims;
10.4.7. Courts, out – of - court dispute resolution body and bankruptcy or insolvency administrators.
10.4.8. Other persons related to provision of services of TIMAU SPACE such as providers of postal services or analytical services or any other services.

11. GEOGRAPHICAL AREA OF PROCESSING
11.1. The Personal data that TIMAU SPACE collects from you may be transferred to and stored at a destination outside the European Union and/or European Economic Area, in particular where counterparties to any of the service offered through our website are based outside the European Union and/or European Economic Area. The Personal data may also be processed by staff and contractors operating outside the European Union and/or European Economic Area who works for us or for one of our suppliers.
11.2. These countries may be deemed by the Commission to provide adequate level of protection (e.g. United States under Privacy Shield). TIMAU SPACE also apply additional safeguards to ensure the protection of Personal data. In any case, all transfers to countries outside the European Economic Area will be in full compliance with all aspects of the GDPR.

12. RETENTION PERIOD
12.1. TIMAU SPACE keeps Personal data for the purpose of attaining the objectives set forth in this Privacy Policy, unless the longer their storage is specified or permitted by applicable law. Personal data are retained in the format which enables to identify the data subject only until this is necessary for achievement of the purpose for which the personal data is processed.
12.2. To determine the data retention period, TIMAU SPACE uses criteria that are in line with the regulatory enactments, such as examining claims, protecting rights, resolving issues, compliance with limitation periods, etc.
12.3. The retention period may be based on agreements with the Customer, the legitimate interest of TIMAU SPACE or applicable law (such as laws related to rendering consumer loans, bookkeeping, anti-money laundering, civil law, etc).

13. CUSTOMER’S RIGHTS AS A DATA SUBJECT
13.1. A Customer (data subject) has rights regarding his/her data Processing that is classified as Personal data under applicable law. Such rights are in general the following:
13.1.1. Require his/her Personal data to be corrected if it is inadequate, incomplete or incorrect.
13.1.2. Object to Processing of his/her Personal data, if the use of Personal Data is based on a legitimate interests, including profiling for direct marketing purposes (such as receiving marketing offers or participating in surveys).
13.1.3. Require the erasure of his/her Personal data, for example, that is being processed based on the consent, if he/she has withdrawn the consent. Such right does not apply if Personal data requested to be erased is being processed also based on other legal grounds such as agreement or obligations based on applicable law.
13.1.4. Restrict the Processing of his/her Personal data under applicable law, e.g. during the time when TIMAU SPACE assesses whether the Customer is entitled to have his/her data erased.
13.1.5. Receive information if his/her Personal data is being processed by TIMAU SPACE and if so then to access it.
13.1.6. Receive his/her Personal data that is provided by him/herself and were feasible transmit such data to another service provider (data portability).
13.1.7. Withdraw his/her consent to process his/her Personal data.
13.1.8. Not to be subject to fully automated decision - making, including profiling, if such decision - making has legal effects or similarly significantly affects the Customer. This right does not apply if the decision - making is necessary in order to enter into or to perform an agreement with the Customer, if the decision - making is permitted under applicable law or if the Customer has provided his/her explicit consent.
13.2. TIMAU SPACE takes every effort for the implementation of Customer\'s rights and for answering any and all questions that arise to Customer regarding the present Policy and matters envisaged in it.
13.3. TIMAU SPACE will reply to Customer Request within a period of not more than 30 (thirty) calendar days since the day of receipt of the Request. In exceptional circumstances, which require additional time, TIMAU SPACE will, by giving you a relevant notice, have the right to extend the deadline for the submission of the requested data or for the consideration of claims set out in the Request up to 60 (sixty) calendar days after the day of Customer\'s referral.

14. PERSONAL DATA PROTECTION PRINCIPLES
14.1. The principles TIMAU SPACE observes when collecting and using personal data entrusted to TIMAU SPACE as well as personal data obtained from other sources are as follows:
14.1.1. personal data are processed in a legitimate, fair and transparent manner (the principle of legality, fairness and transparency);
14.1.2. personal data are collected for specified, explicit and legitimate purposes and not further processed in a way incompatible with those purposes (principle of purpose limitation);
14.1.3. personal data are adequate, relevant and only such that are required in relation to the purposes for which they are processed (principle of data minimisation);
14.1.4. processed personal data are accurate and, where necessary, kept up to date (principle of accuracy);
14.1.5. personal data are kept in a form which permits identification of data subjects for no longer than it is necessary in view of the purposes for which the data are processed (principle of retention limitation);
14.1.6. personal data are processed in such a way that application of relevant technical or organisational measures would ensure adequate personal data security, including protection from unauthorised data processing or unlawful data processing and from accidental loss, destruction or damage (integrity and confidentiality principle).
14.2. In the process of collecting and using personal data entrusted to TIMAU SPACE as well as those obtained from other sources, TIMAU SPACE do undertake as follows:
14.2.1. to process personal data for explicit and legitimate purposes only;
14.2.2. to refrain from processing personal data for purposes other than those stated in the present Policy, unless otherwise laid down by relevant legislation;
14.2.3. to process personal data lawfully, accurately, in a transparent manner and so that accuracy, identity and security of the processed personal data is ensured;
14.2.4. to ensure that superfluous personal data are not processed;
14.2.5. to process personal data no longer than it is necessary for the purposes for which personal data are processed;
14.2.6. be responsible for the observance of the principles laid down in the present Policy and be able to prove their observance;
14.2.7. to perform other duties arising from the legislation.

15. CONTACT DETAILS
15.1. Customers may contact TIMAU SPACE with any enquiries, withdrawal of consents, requests to exercise data subject rights and complaints regarding the use of Personal data.
15.2. Contact details of TIMAU SPACE are available on TIMAU SPACE website https://timau.space/.

16. VALIDITY AND AMENDMENTS OF THE PRIVACY POLICY
16.1. TIMAU SPACE is entitled to amend the Policy at any time unilaterally, in compliance with the applicable law, by notifying the Customer of any amendments via website of TIMAU SPACE not later than one month prior to the amendments entering into force. The Customer acknowledges and agrees that it is its responsibility to review this Privacy Policy periodically and become aware of modifications.

Cookie Policy

This Cookie Policy governs processing (e.g. obtaining, recording, storing or disclosing) by TIMAU (hereinafter „TIMAU SPACE“, “we”, “us”) of information collected from users (“you”, “User") of the TIMAU SPACE website ("Site") or any of our customer’s. This Cookie Policy applies to the Site, all products and services offered by us.

TIMAU SPACE is a company registered in the Republic of Latvia with the registration number 40203446911.

For further information on how your information is used, how we maintain the security of your information, and your rights to access the information we hold on you, please contact info@timau.space.

A cookie is a very small text document or piece of code, which often includes an anonymous unique identifier. When you visit a website or use a mobile application, a computer asks your computer or mobile device for permission to store this file (or similar technologies such as web beacons) on your computer or mobile device and access information from it. Information gathered through cookies or similar technologies may include the date and time of visits and how you are using the Website.

Cookies are used by us as part of this Site. Our Site also uses third party cookies for analytics.

By continuing to use our Site you are deemed to consent to our use of the cookies described in this Cookie Policy. If you do not consent to us using cookies then please read the next section.

Blocking our use of cookies

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ANTI-MONEY LAUNDERING AND KNOW YOUR CUSTOMER POLICY
This policy is an integral part of the Terms and Conditions. When a Customer accepts the terms of the Terms and Conditions, the Customer automatically agrees with the AML and KYC policies. Terms not otherwise defined in this AML and KYC Policy have the meanings defined by the Terms and Conditions.
1. Terminology
1.1. The definitions used in this anti-fraud policy have the following meanings:
 Forbidden behavior - means any manifestation of illegal behavior, which includes fraud, corruption, money laundering, collusion, financing of terrorism and any other criminal behavior.
 Fraud - involves the use of fraudulent acts or words with the intention to pursue personal interests and harm the interests of Customers and / or TIMAU SPACE.
 Corruption - means offering, giving, receiving or soliciting, directly or indirectly, something valuable for inappropriate influence on the actions of the other party.
 Money laundering is a financial transaction scheme whose purpose is to hide the identity, source and destination of illegally received money.
 Collusion means an agreement between two or more parties aimed at achieving an improper goal, including improper influence on the actions of the other party.
 The financing of terrorism is the provision or collection of funds by any means, directly or indirectly, with the intention of using them or with the knowledge that they will be used in whole or in part to carry out any of the crimes against terrorism.
 Criminal behavior is a crime committed in any part of the world.
 Anti-Fraud Commissioner is a person authorized to monitor, prevent and investigate prohibited behavior and is responsible for the proper implementation of the Anti-Fraud Policy.
1.2. Terms not defined in this article and in the anti-fraud policy have the meanings specified in the Terms and Conditions.

2. General Provisions
2.1. The purpose of the AML (Anti Money Laundering Policy) and KYC (know your Customer) Policy guidelines is to prevent the use of criminal institutions for the intentional or unintentional use of payment institutions by criminal elements for money laundering.
2.2. These policies are implemented by complying with laws and requirements of national and international legislation through the introduction of a Customer identification procedure.
2.3. According to this AML and KYC policy document, the name TIMAU SPACE and the pronouns “we,” “us,” or “our” refers to TIMAU SPACE, including, without limitation, its owners, directors, investors, employees, and other related parties. Depending on the context, TIMAU SPACE may also refer to the services, products, website, content or other materials provided by TIMAU SPACE.

3. Legal Ground
3.1. The anti-money laundering regime is based on the norms of the following legislation: legislation of the Republic of Latvia and the European Union, FATF recommendations, which include but are not limited to the following regulatory acts:
 The Law of the Republic of Latvia “On the Prevention of the Legalization of Criminally Obtained Funds and the Financing of Terrorism”, which regulates and determines the procedure for the implementation and observance of various special measures procedures in order to prevent the legalization of proceeds of crime and the financing of terrorism, and also determines the range of subjects their duties, rights and responsibilities. The law reflects the requirements of European Union directives, which are adapted to Latvian regulatory enactments and supplemented by national regulations.
 Advisory Guidelines of Finantsinspektsioon “Organisational solutions and preventive measures for credit and financial institutions to take against money laundering and terrorist financing” 1.1-7/172 of the Management Board of Finantsinspektsioon of 26 November 2018.
 Supervision policy of Finantsinspektsioon for countering money laundering and terrorist financing.
 Directive (EC) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing.
 International Convention for the Suppression of the Financing of Terrorism (1999).
 Forty FATF Recommendations.
 Other international documents regulating measures to prevent money laundering and terrorist financing.
3.2. Compliance with the TIMAU SPACE AML and KYC policy will ensure compliance with all relevant legislation and regulations.

4. KYC procedure
4.1. Procedures KYC policies apply to those Customers who are suspected of committing illegal transactions. From such Customers, we can request the following documents for personal identification:
 Identity documents (national and / or international passport, TIN);
 Documents confirming the physical address of the residence (telephone bill, a copy of the utility bill, a bank statement);
 Other documents, such as driving licenses, etc.

5. Customer identification
5.1. To prevent any illegal activity, money laundering, terrorist financing, TIMAU SPACE reserves the right to take the necessary measures, including Customer identification, by monitoring suspicious Customer activities. This refers to an activity that is suspected or has some signs of prohibited behavior, as indicated in the anti-money laundering policy and anti-fraud policy.
5.2. TIMAU SPACE does not identify each Customer as a whole, but nevertheless, the company checks those Customers whose activities are suspicious or illegal. The company reserves the right to suspend the account associated with suspicious activities and ask the owner of such an account to undergo the AML and KYC procedure.

6. Use, storage and protection of personal information
6.1. All Customer data and documents collected in connection with the AML and KYC procedure will be used, stored and protected in accordance with our Privacy Policy as well as with the Law “On the Prevention of the Legalization of Criminally Obtained Funds and the Financing of Terrorism” (Rahapesu ja terrorismi rahastamise tõkestamise seadus).

7. Monitoring operations
7.1. TIMAU SPACE will closely monitor all transactions of the Customer, in case of suspicion of fraud or other illegal actions. If such an activity is detected, the Customer must necessarily go through the KYC identity verification process. In case of refusal or ignoring the appeal, the Company reserves the right to freeze access to the account, until the resolution of disputes.

8. Amendments and changes
8.1. AML and KYC policy may be amended or supplemented at any time, at the discretion of TIMAU SPACE. The Customer acknowledges and agrees that he must independently check and monitor all amendments and changes in our AML and KYC policy and become familiar with notifications of changes and / or additions to the current policy. If you do not accept the amended or amended AML and KYC policy, you should stop using the Service. Further use of the site and services of the company after changes in policy will be automatically regarded as acceptance of these changes.

9. Anti-Fraud Policy
9.1. This anti-fraud policy is an integral part of the TIMAU SPACE agreement, the essence of which is to prevent or partially contain fraud, corruption, collusion, money laundering, terrorist financing and other illegal activities in the activities of TIMAU SPACE. The company is committed to high legal, ethical and moral standards. The public, partners of TIMAU SPACE and Customers have the right to expect that we will implement a significant level of protection against any illegal activity. The implementation of the anti-fraud policy was in accordance with applicable local and international legislation.

10. Fraud investigation
10.1. If a person is justified, the latter is directly or indirectly associated with terrorism, its financing, money laundering or fraud, TIMAU SPACE reserves the right to thoroughly investigate a person using all legal methods and methods specified in the legislation and the contract.
10.2. The Fraud Commissioner is the first person to detect, investigate and defend against the prevention of prohibited conduct during the Customer and transaction evaluation process.
10.3. In some cases, outside researchers may be involved in collecting sufficient evidence and transferring the case to the authorities. The Commissioner to combat fraud is fully responsible for managing third parties. Also, the anti-fraud commissioner is responsible for:
 Collection of any information relating to the alleged Prohibited Conduct, including information about Customers and certain transactions;
 Conclusion of your findings regarding this case and reporting them to the management of TIMAU SPACE and the relevant authorities, as well as to any third party, if necessary.
10.4. The authorized person has the right to open, prosecute, close and report any investigation of the prohibited behavior within his competence without prior notice, consent or intervention from any other person or organization. All investigations will be conducted objectively and confidentially.
10.5. During the investigation, we reserve the right to block Customer account, to ensure prompt and complete investigation procedures.
10.6. All Customers under the existing contract are required to cooperate with the Commissioner as quickly and efficiently as possible, including providing relevant information and documentation if the above-mentioned person requests this.
10.7. All information and documents collected and created during the investigation of prohibited activities that are not yet in the public domain should be kept strictly confidential. The confidentiality of the information collected will be respected both in the interests of the persons concerned and in relation to the integrity of the investigation.
10.8. The anti-fraud commissioner should only disclose confidential information to individuals or companies who are authorized to receive it, if necessary, in order to conduct an investigation or assist in an investigation.

11. Responsibility of the parties
11.1. The Commissioner for Combating Fraud has the primary responsibility for preventing, monitoring and investigating cases of prohibited conduct.
11.2. According to the above, the company reserves the right to perform the identification of any Customer or transaction in accordance with the AML and KYC policy in order to identify evidence of prohibited conduct. Based on our anti-fraud policy, we are responsible for:
 Taking appropriate action against persons suspected of a crime or having committed a crime;
 Developing and maintaining effective internal controls to prevent prohibited behavior;
 Conducting operational investigations in case of detection of prohibited conduct or unlawful actions;
 Transmission of information about any suspicions regarding prohibited conduct to the relevant state authorities;
 Ensuring that the Anti-Fraud Commissioner reports on any internal or external suspicions and incidents involving illegal acts.
12. Customer Statement
12.1. Based on all the above, you guarantee that using our service, you do not have the intention to perform any prohibited actions described above.
12.2. In addition, you agree to any checks in connection with an investigation under the Anti-Fraud Policy, and you agree to cooperate fully and promptly with an anti-fraud commissioner as part of the investigation if necessary.

13. Changes and additions
13.1. Our anti-fraud policy may be amended or supplemented at any time, at the discretion of TIMAU SPACE.
13.2. You acknowledge and agree that you assume the responsibility to periodically check the Anti-Fraud Policy and receive notifications of changes and additions.
13.3. If you do not accept the amended anti-fraud policy, you should not continue to use the services of the company.
13.4. Further use of services after the changes imply automatic acceptance of conditions.
13.5. If you have information about illegal activities or suspicious individuals, please contact our support team.