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 <h1 id="privacy-policy">PYC Privacy Policy</h1>
 <p>Last updated: <b>August 21st, 2014</b></p>
 <p><i>&nbsp;</i></p>
 <p>This Privacy Policy explains how its wholly owned subsidiaries (collectively, “<b>PYC</b>“, “<b>we</b>” or “<b>us</b>“), collects, uses, discloses and protects your information. This policy applies to information we collect when you access or use PYC’ machines, websites or in-person services (collectively, “<b>Services</b>“) or otherwise interact with us as described below.</p>
 <p>We may amend this Privacy Policy from time to time. If we make changes, we will notify you by revising the date at the top of this policy, and in some circumstances, we may provide you with additional notice, including, for example, by adding a statement to the homepage of the PYC’ website. We strongly encourage you to review the Privacy Policy whenever you access or use our Services to stay informed about our information practices and your privacy rights and choices.</p>
 <p>&nbsp;</p>
 <h3>COLLECTION OF INFORMATION</h3>
 <h4><b>Information You Provide To Us</b></h4>
 <p>We collect information you provide directly to us. For example, we collect information about you when you verify your identity, complete a transaction, fill out a form, respond to surveys, post messages to our forums or wikis or otherwise communicate with us.</p>
 <p>The types of information we may collect are as follows:</p>
 <ul>
 <li>Contact information, such as your name, mailing address, telephone number, and email address.</li>
 <li>Financial information, such as virtual currency account information.</li>
 <li>Government identification numbers, such as your social security number or a state-issued identification number.</li>
 <li>Biographic or demographic information, such as your date of birth, gender, occupation, employment status and any other information you choose to provide about yourself.</li>
 </ul>
 <h4><b>Information We Collect From Other Sources</b></h4>
 <p>We may also obtain information from other sources and combine that with information we collect through the Services. For example, we may collect nonpublic personal information about you from third parties, including identity verification services.</p>
 <h4><b>Information We Collect Automatically</b></h4>
 <p>When you access or use our Services, we automatically collect information as follows:</p>
 <ul>
 <li><b>Transaction information:</b> we collect information about the transaction you complete via the Services, including the amount of funds associated with a conversion, the types of conversions executed and other transaction information.</li>
 <li><b>Device and Log information:</b> we collect information about the computer or mobile device you use to access the Services, including device identifiers, mobile network information, type of operating system, and the type of browser used. We also log information about your use of the Services, including access times, pages viewed, IP address, other standard web log data, and the page visited before and after navigating to our websites.</li>
 <li><b>Cookies and similar tracking technologies:</b> we may use cookies, pixel tags, web beacons, and other tracking technologies to collect information about you when you interact with the Services, including information about your browsing behavior on our Services. Cookies are small data files sent from our webservers to your computer or mobile device that enable us to, for example, capture how you arrived at the Services, when you return, which pages on the Services you visit, and to recognize that you are already logged on when we receive a page request from your browser.</li>
 </ul>
 <h4><b>USE OF INFORMATION</b></h4>
 <p>We may use your information as follows:</p>
 <ul>
 <li>Provide the Services and customer support;</li>
 <li>Process transactions and send notices about your transactions;</li>
 <li>Manage your account(s) and send technical notices, updates, security alerts and support and administrative messages;</li>
 <li>Resolve disputes, collect fees, and troubleshoot problems;</li>
 <li>Prevent potentially prohibited or illegal activities and enforce our user agreements;</li>
 <li>Personalize, measure and improve the Services;</li>
 <li>Deliver marketing and promotional offers on behalf of PYC and others</li>
 <li>Link or combine your personal information with information we obtain from others to help understand your needs and provide you with better service; and</li>
 <li>Carry out any other purpose for which the information was collected, to the extent such purpose is necessarily contemplated by the collection of such information or as otherwise notified in the Services at the time of collection.</li>
 </ul>
 <h4><b>DISCLOSURE OF INFORMATION</b></h4>
 <p>We may disclose any information we collect about you, whether you are a current or former customer, including nonpublic personal information and any other information we collect, to PYC and with nonaffiliated third parties, which include non-financial companies, such as identity verification, anti-money laundering, terrorism or fraud prevention services. We may make such disclosures:</p>
 <p>(1) To service providers that perform marketing services on our behalf; and</p>
 <p>(2) For our everyday business purposes, such as to process transactions, maintain accounts, respond to court orders and legal investigations or report to credit bureaus. For example, in connection with our everyday business purposes, we may share information about you as follows:</p>
 <ul>
 <li>With any party you intend to distribute funds to, or that intends to distribute funds to you, via the Services, including information about whether your account is active and whether the account has been verified.</li>
 <li>With vendors, consultants and other service providers who need access to your information to carry out work on our behalf. These service providers help with our business operations such as fraud prevention and technology services.</li>
 <li>When we believe, in our sole discretion, that the disclosure of your information is necessary to prevent physical harm or financial loss, to report suspected illegal activity, or to investigate violations of or enforce our user agreements or other policies and agreements.</li>
 <li>In connection with, or during negotiations of, any merger, sale of assets, financing or acquisition or all or a portion of our business to another company.</li>
 <li>With your consent or at your direction.</li>
 </ul>
 <p>(3) If we are under a duty to disclose or share your information to comply with our legal obligations.</p>
 <h4><b>Other than in connection with a merger, sale of PYC’s assets, financing or acquisition, we will not sell or rent any of your information to third parties for their own marketing purposes.</b></h4>
 <p>Please note that third parties that support our customer identification and anti-fraud controls may retain and use information about you to perform services on our behalf and to improve their services. By using our Services, you consent to the retention and use of such information by these providers to improve their services.</p>
 <p>We may also share aggregated or de-identified information with our affiliated companies or nonaffiliated third parties, which cannot reasonably be used to identify you.<b>&nbsp;</b></p>
 <h4><b>ANALYTICS SERVICES PROVIDED BY OTHERS</b></h4>
 <p>We allow other entities to provide analytics services on our behalf. These entities may use cookies, web beacons and other tracking technologies to collect information about your use of the Services, including your IP address, web browser, pages viewed, time spent on pages and links clicked. This information may be used by PYC to, among other things, analyze and track data, determine the popularity of certain content, and better understand your online activity.</p>
 <h4><b>SECURITY</b></h4>
 <p>We implement reasonable security practices and procedures to help protect the confidentiality and security of your information, including any nonpublic personal information. We protect your information using reasonable physical, technical and administrative security measures, including by limiting access to your information to employees with a need to know such information.</p>
 <h4><b>YOUR CHOICES</b></h4>
 <ul>
 <li><b>Location:</b> Our websites and machines may collect precise geolocation information.</li>
 <li><b>Cookies:</b> We use both session and persistent cookies. Session cookies expire when you log out of your account or close your browser. Persistent cookies remain on your computer or mobile device until you erase them or they otherwise expire. Most web browsers are set to accept cookies by default. You are free to decline most of our cookies if your browser or browser add-on permits, but choosing to remove or disable our cookies may interfere with your use and functionality of the Services. Additionally, we may use certain persistent cookies that are not affected by your browser settings, but will use such cookies solely for identity verification and fraud prevention purposes. For more information about cookies and how to block, delete or disable them, please refer to your browser instructions.</li>
 <li><b>Why can’t I opt out of any sharing?</b> We do not engage in any sharing that would require us to provide you with an ability to opt out of such sharing. For instance, we do not share any information about you with third parties for their own marketing purposes.</li>
 </ul>
 <h4><b>ACCESS TO INFORMATION</b></h4>
 <p>You have a right to access the information we hold about you. We may ask you to pay a fee before providing you with this information.</p>
 <h4><b>CONTACT US</b></h4>
 <p>If you have any questions or concerns regarding this Privacy Policy, please contact us at support@pycbitcoin.com.</p>
 <p>&nbsp;</p>
 
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 <h2 id="aml-id-policy">ANTI-MONEY LAUNDERING AND IDENTITY VERIFICATION POLICY</h2>
 <p>Last updated: <b>August 21st, 2014</b></p>
 <p><i>&nbsp;</i></p>
 <p>PYC Inc. (“PYC” or the “Company”) Anti-Money Laundering (“AML”) Policy and Identity Verification Policy (collectively the “AML Policy”) is designed to articulate PYC’ commitment to detecting, preventing and reporting attempts to use its financial services platform to illegally launder money, to finance illegal activities such as terrorism and drug trafficking, or to commit fraud.</p>
 <h2>Policy</h2>
 <p>PYC offers a financial services platform through machines and people (the “Service”) that allows people to buy or sell currencies, including math-based currencies such as bitcoins (“exchange services”).</p>
 <p>PYC recognizes that decentralized and distributed digital currency and payment systems in which payments are processed and secured by advanced cryptography and distributed computing power instead of a central bank, corporation or government pose a risk of illegal uses (as do all financial systems). PYC believes, however, that the legitimate use of math-based currency networks provide untold benefits and efficiencies within the global economy. Accordingly, PYC has implemented this Policy and its accompanying AML Program to assess the specific risks posed by PYC’ innovative services and established specific controls to address those risks as required by law.</p>
 <p>It is PYC’ policy to comply with applicable laws and regulations regarding AML and identity verification, and to detect and prevent the use of its Service for money laundering or to facilitate criminal or terrorist activities. While PYC is committed to protecting its users’ privacy, it will not allow people to use its Services to launder money, commit fraud or other financial crimes, finance terrorist activities, or facilitate other illegal conduct.</p>
 <p>PYC reserves the right to refuse registration to persons from or in jurisdictions that do not meet international AML standards or could be considered as a Politically Exposed Person.</p>
 <p>PYC reserves the right to verify our users and their transactions. In addition to this, any attempt to abuse PYC or its platform will result in an immediate account suspension.</p>
 <p>The PYC AML and KYC policies per regional jurisdiction are as follows:</p>
 <ul>
 <li>Registered members from all regions and jurisdictions are required to verify their identities, prior to being authorized to perform any transaction involving fiat currency. This includes the submission of certified copies of both ID and proof of address. Valid ID includes a passport (or in some cases an ID card, subject to our approval). Valid proof of address includes utility and tax bills not older than 3 months. Other forms of ID and Address verification will not be accepted.</li>
 <li>Suspicious transactions will result in a Suspicious Activity Report being submitted to the relevant regulatory and compliance bodies applicable in the registered members’ verified country of origin.</li>
 </ul>
 
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