SERVICE TERMS & CONDITIONS
Last modified: March 27, 2025
BNK2 TERMS AND CONDITIONS
Effective Date: [01/08/2025]
Version: 1.1
Website: https://bnk2.io
INTRODUCTION
These Terms and Conditions (“Terms”) govern the use of the services provided by BNK2 sp. z o.o., a Virtual Asset Service Provider (VASP) registered in Poland, operating under applicable EU and Polish financial and crypto regulations. By accessing or using our services via bnk2.io, you agree to be bound by these Terms.
If you do not agree to these Terms, do not use our services.
DEFINITIONS
- BNK2 – The provider of digital wallet, remittance, and crypto exchange services.
- User – Any individual or legal entity that uses BNK2’s services.
- Fiat – Government-issued currency (e.g., EUR, USD).
- Virtual Asset – A digital representation of value (e.g., stablecoins, cryptocurrencies).
- Closed-Loop System – A platform-based environment in which transactions occur only within BNK2’s ecosystem.
- MiCA – Markets in Crypto-Assets Regulation.
PSD2 / PSD3 – EU Payment Services Directives
REGULATORY STATUS
BNK2 sp. z o.o., trading as BNK2 or bnk², is a registered Virtual Asset Service Provider (VASP) in Poland. Our registration number is RDWW‑1587, issued by the Polish Ministry of Finance (bnk2.com).
We partner with authorised Electronic Money Institutions (EMIs) and banks for the safeguarding of fiat funds and the settlement of remittance transactions.
BNK2 does not offer regulated investment services or function as a deposit-taking institution.
ELIGIBILITY
You must be at least 18 years old and have the legal capacity to enter into these Terms. If you are acting on behalf of a legal entity, you represent that you are authorised to bind that entity to these Terms.
We reserve the right to refuse service based on jurisdictional or regulatory restrictions.
You understand that BNK2 may not actively seek customers from places where our services are not allowed or regulated. You confirm that (1) you are choosing to use the Site and Services on your own and (2) any transactions you make are because of your decision not because we asked you to.
SERVICES PROVIDED
BNK2 offers:
- Digital wallets for crypto and fiat assets
- Internal transfers between BNK2 users
- Purchase and transfer of MiCA-compliant stablecoins
- Remittance services via licensed partners
- Merchant payout services within our ecosystem
BNK2 does not support anonymous transactions. All users must undergo KYC/KYB verification.
WALLET AND ACCOUNT USE
Users are issued a digital wallet for internal use. Wallets cannot be used to make payments outside the BNK2 platform without express authorisation.
You are solely responsible for maintaining the security of your wallet credentials and access devices
FIAT HANDLING AND SAFEGUARDING
Client fiat funds are collected and safeguarded via licensed EMIs or banks under PSD2/PSD3:
- Funds are held in ring-fenced accounts
- Daily reconciliation is performed
BNK2 does not have direct access to client fiat funds
VIRTUAL ASSETS
BNK2 only supports MiCA-compliant stablecoins and crypto-assets. All supported virtual assets must be:
- Fully asset-backed
- Redeemable at par
- Transferrable only within the BNK2 platform
BNK2 does not support unbacked or privacy tokens.
FEES AND PRICING
You agree to pay all applicable fees as disclosed during the transaction or service use. These may include:
- Wallet maintenance fees
- Transaction or remittance processing fees
- Currency conversion and spread
- Platform service fees for business clients
We reserve the right to revise fee structures with prior notice.
KYC/AML/CTF Compliance
BNK2 complies with EU and Polish AML/CTF laws. All users must submit to KYC/KYB procedures, including identity verification, source of funds/wealth checks, and ongoing screening against PEP/sanctions lists.
Failure to comply may result in service suspension or account termination
- Virtual assets may be volatile and are not legal tender.
- Transactions within the BNK2 platform are irreversible once confirmed.
- BNK2 does not offer investment advice.
Use of our services involves financial and operational risk
ACCEPTABLE USE
You agree not to use our platform for:
- Money laundering, fraud, or terrorist financing
- Transactions involving prohibited jurisdictions
- Sanctioned individuals/entities
- Unlicensed financial activity
We reserve the right to suspend or terminate accounts involved in prohibited conduct
INTELLECTUAL PROPERTY
All content on the BNK2 website and platform, including logos, trademarks, text, and software, is owned by or licensed to BNK2. You may not reproduce or use this material without written consent.
LIABILITY
BNK2 shall not be liable for:
- Loss of virtual assets due to user negligence
- Service interruptions beyond our control
- Regulatory or legal changes affecting service availability
- Indirect, incidental, or consequential damages
Total liability shall be limited to the fees paid by you in the 12 months preceding the claim.
TERMINATION
BNK2 may suspend or terminate your account for:
- Breach of these Terms
- Non-compliance with KYC/AML laws
- Regulatory reasons
- Inactivity for 12 months or more
You may terminate your account at any time, subject to compliance checks.
GOVERNING LAW
These Terms are governed by the laws of Poland. Any dispute arising shall be subject to the exclusive jurisdiction of the Polish courts.
AMENDMENTS
We may amend these Terms from time to time. Continued use of the service after any changes constitutes your acceptance of the updated Terms.
CONTACT
For all legal and compliance matters:
BNK2 Spółka z Ograniczoną Odpowiedzialnością (trading as BNK2 or bnk²)
VASP Registration Number: RDWW‑1587
Registered in Poland – governed by Poland’s laws and courts
Email: [email protected]