JURISDICTION

This page provides information about the legal jurisdiction applicable to RSC P2P Market ("the Platform"). Given the decentralized and global nature of the Platform, it is important that users understand the legal implications of its use.

Important Warning:This information is general in nature and does not constitute legal advice. You should consult with a qualified attorney in your jurisdiction for specific legal advice.

2.1 Global Infrastructure:RSC P2P Market operates as a decentralized infrastructure without a central physical location. Smart contracts execute on the blockchain, and the frontend may be accessible from any jurisdiction.

2.2 No Central Entity:The Platform is not operated by a traditional centralized legal entity. It is an open-source infrastructure that can be used by anyone with internet access.

2.3 Distributed Responsibility:Since the Platform does not custody funds or act as an intermediary, legal responsibility rests primarily on individual users and their direct interactions.

3.1 Local Compliance:It is your exclusive responsibility to ensure that your use of the Platform complies with all applicable laws and regulations in your jurisdiction, including but not limited to:

• Securities laws and financial regulations
• Anti-money laundering (AML) regulations
• Know-your-customer (KYC) regulations
• Tax laws and fiscal reporting
• International trade restrictions
• Consumer protection laws
• Any other applicable laws or regulations

3.2 Jurisdictional Prohibitions:Some jurisdictions may prohibit or restrict the use of cryptocurrency trading platforms, smart contracts, or P2P transactions. You must verify that your use of the Platform is legal in your jurisdiction.

3.3 Consequences of Non-Compliance:Non-compliance with applicable laws may result in serious legal consequences, including fines, criminal penalties, or civil actions. The Platform assumes no responsibility for users' non-compliance with laws.

4.1 Multiple Jurisdictions:Since the Platform is globally accessible and transactions occur between users from different jurisdictions, multiple laws may be applicable depending on:

• The jurisdiction of the user creating an offer
• The jurisdiction of the user accepting an offer
• The jurisdiction where the smart contract executes
• The jurisdiction where the frontend is hosted
• The jurisdiction where data is processed

4.2 Conflicts of Law:Conflicts may arise between the laws of different jurisdictions. We cannot guarantee that a specific jurisdiction has exclusive jurisdiction over all activities on the Platform.

4.3 No Compliance Guarantee:The Platform does not guarantee compliance with the laws of any specific jurisdiction. It is the user's responsibility to determine which laws are applicable to their use of the Platform.

5.1 User Disputes:Disputes between Platform users are the responsibility of the involved parties. The Platform does not act as an arbitrator, mediator, or judge in disputes between users.

5.2 Smart Contracts:Smart contracts execute automatically according to their code. Once a transaction is confirmed on the blockchain, it cannot be reversed by the Platform, even in case of dispute.

5.3 Arbitration and Courts:Any legal dispute related to the Platform may be resolved through:

• Binding arbitration under the rules of a recognized arbitration organization
• Judicial proceedings in competent courts
• Mediation or other alternative dispute resolution methods

The specific jurisdiction and forum will depend on the circumstances of each case and applicable laws.

6.1 We Are Not a Financial Institution:RSC P2P Market is not a regulated financial institution, regulated cryptocurrency exchange, or money services provider. We are not subject to the same regulations as traditional financial institutions.

6.2 Licenses and Authorizations:The Platform does not hold or require banking, securities, or financial services licenses in any jurisdiction, as it does not custody funds or act as a financial intermediary.

6.3 User Regulations:Users may be subject to financial regulations in their jurisdictions, including:

• Licensing requirements for cryptocurrency trading
• Transaction reporting obligations
• Restrictions on cross-border transactions
• Consumer protection regulations

It is the user's responsibility to comply with all applicable regulations.

7.1 User Tax Responsibility:It is your exclusive responsibility to determine, report, and pay all applicable taxes on your Platform transactions, including:

• Capital gains taxes
• Income taxes
• Transaction taxes
• Any other applicable taxes in your jurisdiction

7.2 No Tax Advice:The Platform does not provide tax advice or guarantee that transactions are structured in a tax-efficient manner. You should consult with a qualified tax advisor.

7.3 Tax Reporting:Some jurisdictions require users to report cryptocurrency transactions to tax authorities. It is your responsibility to comply with these requirements.

7.4 Blockchain Information:Remember that all blockchain transactions are public and may be tracked by tax authorities and other third parties.

8.1 Specific Prohibitions:Some jurisdictions may prohibit or restrict the use of cryptocurrency trading platforms, smart contracts, or P2P transactions. Examples include (but are not limited to):

• Restrictions on cryptocurrencies in certain countries
• Prohibitions on P2P transactions without a license
• Restrictions on smart contracts
• International economic sanctions
• Capital control restrictions

8.2 User Verification:It is your responsibility to verify that use of the Platform is legal in your jurisdiction before using it. The Platform cannot and will not verify the legal eligibility of each user.

8.3 Blocked Access:Although the Platform may be technically accessible from any jurisdiction, use may be prohibited by law in some jurisdictions. Technical access does not imply legal permission to use the Platform.

9.1 Evolving Regulations:Regulations regarding cryptocurrencies, blockchain, and P2P transactions are constantly evolving in many jurisdictions. Laws may change at any time, affecting the legality of Platform use.

9.2 No Notice of Changes:We cannot guarantee that we will notify users about regulatory changes. It is your responsibility to stay informed about applicable laws in your jurisdiction.

9.3 Impact on Platform:Regulatory changes may affect the availability, functionality, or legality of the Platform in certain jurisdictions. We do not guarantee that the Platform will continue to be accessible or legal in all jurisdictions.

If you have questions about legal or jurisdictional aspects related to RSC P2P Market, you should consult with a qualified attorney in your jurisdiction.

For general questions about the Platform, you can contact us through the official RSC P2P Market community channels.

Note: We do not provide legal, tax, or regulatory advice. All information on this page is general in nature and does not constitute professional advice.