Terms of Service

By accessing krypco.eu, krypco.app, the krypco hybrid blockchain, or any service offered by krypco (collectively, the “Services”), you agree to be bound by these Terms of Service. If you do not agree, you must not use the Services.

• You must be at least 18 years old.
• You must reside in a jurisdiction where use of the Services is permitted. The Services are not offered to residents of jurisdictions on EU, UN, OFAC or similar sanctions lists, nor to US persons unless and until separate registration is made.
• To use the personal IBAN, kEUR / kUSD mint and SEPA payout features, you must complete identity verification (KYC). Without KYC, you may still hold and transfer assets on the public chain.
• You may not use the Services on behalf of any entity unless you have authority to bind that entity to these Terms.

krypco offers:

• The krypco hybrid blockchain: an independent Layer-1 with a public chain (permissionless) and a private chain (permissioned), connected by a zero-knowledge bridge.
• kEUR and kUSD: on-chain stablecoins backed 1:1 by regulated euro and US-dollar reserves held with audited custodians.
• Personal IBAN: a real EU IBAN tied to your wallet, issued through a regulated banking partner, supporting SEPA in/out.
• BFr (BlockFranc): the native coin of the krypco chain, used for gas, validator rewards and governance.
• KrypcoSwap: a constant- product AMM with three pools (BFr ↔ kEUR, BFr ↔ kUSD, kEUR ↔ kUSD).

krypco is non-custodial. You control your own private keys and you are solely responsible for keeping them secure.

We cannot recover a lost private key or seed phrase. We cannot reverse a transaction you signed. We may pause smart contracts as a defensive measure under emergencies — see the AML / KYC Policy and the on-chain admin controls — but we do not custody user funds.

Use of the IBAN, kEUR mint/redeem and SEPA payout features requires you to complete the KYC process described in our AML / KYC Policy. You agree to provide accurate, current and complete information. You agree to notify us if your information changes (e.g. change of address, name, residency). Providing false information is a criminal offence under EU AML rules and will result in immediate termination of your account and reporting to the relevant Financial Intelligence Unit.

You agree not to use the Services for:

• → Money laundering, terrorist financing or sanctions evasion
• → Fraud, deception, or unauthorised access to any wallet or system
• → Activities prohibited under EU, Cypriot, or your local law
• → Mining-pool operation, exchange operation or other Crypto-Asset Services Provider activities without your own MiCA authorisation
• → Reverse engineering, scraping or denial-of-service attacks against our infrastructure
• → Misrepresenting your identity, source of funds, or beneficial ownership

Use of the Services involves significant risks. By using them, you acknowledge that you understand and accept:

• Smart contract risk — bugs, exploits or unexpected behaviour in deployed contracts may result in loss of funds. Our contracts undergo audit but no audit eliminates risk entirely.
• Custody risk — if you lose your private keys, your funds are unrecoverable.
• Market risk — the price of BFr can fluctuate. kEUR and kUSD are designed to track 1:1 but depeg events are possible in extreme market conditions.
• Regulatory risk — crypto regulation in the EU and globally is evolving. New rules may require us to suspend, modify or geo-block features.
• Banking partner risk — the personal IBAN feature depends on a regulated banking partner. Their failure or operational issues may temporarily affect SEPA payments.
• Network risk — the krypco chain may experience downtime, fork events, validator slashing or consensus issues.

Nothing on krypco.eu, krypco.app, or in our communications constitutes investment, financial, tax or legal advice. Information is for informational purposes only. Consult your own qualified advisors before making decisions involving crypto-assets.

To the fullest extent permitted by law, krypco and its officers, agents and affiliates shall not be liable for any indirect, incidental, consequential, special or punitive damages, including lost profits, lost data, loss of goodwill, or business interruption, arising out of or related to your use of the Services. Our total liability for any claim shall not exceed the fees you paid us in the 12 months preceding the claim. Nothing in these Terms limits liability for gross negligence, fraud, or any liability that cannot be excluded under applicable law.

You agree to indemnify, defend and hold harmless krypco from and against any claims, damages, losses, liabilities, costs and expenses (including legal fees) arising out of or related to: (a) your breach of these Terms; (b) your violation of any law or third-party right; (c) your use of the Services, except to the extent caused by our gross negligence or wilful misconduct.

We may suspend or terminate your access to the Services without notice if: (a) we are required to do so by law or regulator; (b) you breach these Terms; (c) you provide false KYC information; (d) the Services are discontinued. On-chain assets are not affected by termination — they remain in your wallet and can be moved freely. The IBAN-linked features (mint, redeem, SEPA) will be revoked.

These Terms are governed by the laws of Cyprus (after incorporation; until then, the laws of the founding entity's jurisdiction within the EU). Disputes shall be resolved by the competent courts of Cyprus, without prejudice to any mandatory consumer-protection rights you may have in your country of residence under EU law.

We may update these Terms when our Services change or applicable law requires it. Material changes will be announced through the Services and, where appropriate, by email. Continued use of the Services after changes take effect constitutes acceptance.