Content
TERMS AND
CONDITIONS LITTIO
1. General aspects
The present terms and conditions (the “T&C”) shall apply to the use, access, and other activities related to mobile applications, products, software, web pages, APIs, and other services (collectively, the “Services”) offered and/or made available by Selenio S.A.S., a company formed and existing in accordance with the laws of the Republic of Colombia, with its principal office in the city of Bogotá D.C. and identified with NIT 901.551.748-2 and its affiliated entities (“Littio”), and, if applicable, other service providers available in our Services or through them.
The present terms and conditions (the “T&C”) will be applicable to the use, access, and other activities related to mobile applications, products, software, websites, APIs, and other services (collectively, the “Services”) offered and/or made available by Selenio S.A.S., a company established and existing in accordance with the laws of the Republic of Colombia, with its main office located in the city of Bogotá D.C. and identified with NIT 901.551.748-2 and its affiliated entities (“Littio”), and, where applicable, other service providers available in our Services or through them.
The present terms and conditions (the “T&C”) will be applicable to the use, access, and other activities related to the mobile applications, products, software, web pages, APIs, and other services (collectively, the “Services”) offered and/or made available by Selenio S.A.S., a company incorporated and existing in accordance with the laws of the Republic of Colombia, with its main office in the city of Bogotá D.C. and identified with NIT 901.551.748-2 and its affiliated entities (“Littio”), and, if applicable, other service providers available in our Services or through them.
2. Acceptance
By linking, registering, and/or using the Services, you do so under your full responsibility and, therefore, fully and unreservedly accept the content of the present T&C. Similarly, by linking, registering, and/or using the Services, you expressly and unequivocally authorize Littio to process your personal data in accordance with our Authorization as outlined herein, in terms of the Data Processing Policy.
Littio reserves, in every sense, the right to update and modify the present T&C at any time and in any manner, unilaterally and without prior notice, as well as the characteristics and functionalities of the Services. If you do not agree with the modifications to the conditions of the T&C or the Services, you must immediately cease usage and communicate this to Littio so that your corresponding unsubscription can be carried out.
It is the responsibility of the users of the Services to periodically review the T&C and other publications and communications made by Littio.
By linking, registering, and/or using the Services, you do so at your own risk and, therefore, fully and unreservedly accept the content of these T&C. Likewise, by linking, registering, and/or using the Services, you expressly and unequivocally authorize Littio to process your personal data in accordance with our Authorization.
Littio reserves, in every sense, the right to update and modify the present T&C at any time and in any way, unilaterally and without prior notice, as well as the characteristics and functionalities of the Services. If you do not agree with the modifications to the T&C or the Services, you must immediately cease your use and notify Littio so that your corresponding disconnection can be carried out.
It is the responsibility of the users of the Services to periodically review the T&C and other publications and communications made by Littio.
By linking, registering, and/or using the Services, you do so at your own risk and, therefore, fully and unreservedly accept the content of these T&C. Likewise, by linking, registering, and/or using the Services, you expressly and unequivocally authorize Littio to process your personal data in accordance with our Authorization in the terms of this Treatment Policy.
Littio reserves the right, in every sense, to update and modify these T&C at any time and in any way, unilaterally and without prior notice, as well as the characteristics and functionalities of the Services. If you do not agree with the modifications to the conditions of the T&C or the Services, you must immediately cease your use and notify Littio so that your corresponding disconnection can be carried out.
It is the responsibility of the users of the Services to periodically review the T&C and any other publications and communications made by Littio.
3. Linking
For the purposes of linking to the services, the following will be taken into account:
a) In order to use the Services, a user account must be created.
b) For legal and regulatory reasons, it is necessary to confirm the identity of the user before they can make use of the Services. To this end, personal information will be requested (including, but not limited to, name, address, identity documents or financial information).
c) As a consequence of our internal policies, we will directly or through third parties, ask the user verification questions or conduct investigations or verifications through public and/or third-party databases to verify that the necessary requirements for the use of the Services are met. This will include all the information we consider necessary related to their identity and creditworthiness.
d) In the event that the respective user is created on behalf of a legal entity, the person creating the respective user will be confirming that they are a representative/agent of that entity and that they are authorized to enter into the respective legal relationship on its behalf. In these cases, the information of the ultimate beneficiaries of the respective legal entity must be provided, and Littio will directly or through third parties, ask verification questions or conduct investigations or verifications through public and/or third-party databases to verify that the necessary requirements for the use of the Services are met. This will include all the information we consider necessary related to the identity and creditworthiness of the respective ultimate beneficiary and the legal entity.
e) In any case, when required, written authorizations and instructions must be provided to request additional information and/or credit reports from third parties regarding the person opening the user account for the Services. Littio will also request such documentation and/or reports when new products are requested or when there is a reasonable suspicion that there is a high-risk level associated with the respective account.
f) Once the corresponding information has been verified, to the full satisfaction of Littio, the user account for the Services will be enabled, and this will be communicated to the respective user.
For the purposes of linking to the services, the following will be taken into account:
a) In order to use the Services, a user account must be created.
b) For legal and regulatory reasons, it is necessary to confirm the user's identity before they can make use of the Services. To this end, personal information will be requested (including, but not limited to name, address, identity documents, or financial information).
c) As a consequence of our internal policies, we will carry out, directly or through third parties, verification questions to the user or investigations or verifications through public databases and/or third parties to verify that the necessary requirements for the use of the Services are met. This will include all information we deem necessary related to their identity and creditworthiness.
d) In the event that the respective user is created on behalf of a legal entity, the person creating the respective user will be confirming that they are a representative/agent of that entity and that they are authorized to establish the respective legal relationship on behalf of it. In such cases, information about the ultimate beneficiaries of the respective legal entity must be provided, and Littio will carry out, directly or through third parties, verification questions or investigations or verifications through public databases and/or third parties to verify that the necessary requirements for using the Services are met. This will include all information we deem necessary related to the identity and creditworthiness of the respective ultimate beneficiary and the legal entity.
e) In any case, when required, written authorizations and instructions must be provided to request additional information and/or credit reports from third parties regarding the person opening the user account for the Services. Littio will also request such documentation and/or reports when new products are requested or when we have a reasonable suspicion that there is a high level of risk associated with the respective account.
f) Once the relevant information has been verified, at all times, to Littio's complete satisfaction, the user account for the Services will be enabled, and this will be communicated to the corresponding user.
For the purpose of linking to the services, the following points will be taken into account:
a) To make use of the Services, an account must be created as a user of these.
b) For legal and regulatory reasons, it is necessary to confirm the identity of the user before they can make use of the Services. For this purpose, personal information will be requested (including, but not limited to, name, address, identity documents, or financial information).
c) As a consequence of our internal policies, we will carry out, directly or through third parties, verification questions to the user or investigations or verifications through public and/or third-party databases to verify that the necessary requirements for the use of the Services are met. This will include all the information that we consider necessary related to their identity and creditworthiness.
d) In the event that the respective user is created on behalf of a legal entity, the person creating the respective user will be confirming that they are a representative/agent of that entity and that they are authorized to establish the respective legal relationship on behalf of it. In these cases, information about the ultimate beneficiaries of the respective legal entity must be provided, and Littio will carry out, directly or through third parties, verification questions or investigations or verifications through public and/or third-party databases to verify that the necessary requirements for the use of the Services are met. This will include all the information that we consider necessary related to the identity and creditworthiness of the respective ultimate beneficiary and the legal entity.
e) In any case, when required, written authorizations and instructions must be provided to request additional information and/or credit reports from third parties concerning the person opening the user account for the Services. Littio will also request such documentation and/or reports when new products are requested or when we have a reasonable suspicion that there is a high level of risk associated with the respective account.
f) Once the corresponding information has been verified, at any given time, to the complete satisfaction of Littio, the user account for the Services will be enabled and this will be communicated to the corresponding user.
4. Representations and warranties
By requesting the opening of a user account for the Services, the interested party, merely by doing so, will be declaring, guaranteeing, and consenting that the following statements are and will remain true during the entire time that the corresponding legal relationship with Littio lasts:
a) All information provided will be true and accurate, and the user commits to maintaining it in that way at all times, as well as updating it when it changes and/or as requested by Littio.
b) They have the necessary powers and authorizations to establish the legal relationship that arises as a consequence of the use of the Services and, consequently, have the legal capacity to commit to everything provided in these T&C.
c) The holder of the user account for the Services, as well as their representatives, administrators, and shareholders, do not reside in countries or territories considered as high-risk countries and jurisdictions according to the criteria established at any given moment by the competent authorities in the Republic of Colombia, by the Financial Action Task Force, and/or by Littio's internal policies; therefore, the account holder will only access the Services from countries and jurisdictions other than those previously indicated.
d) The use of the services will comply, at all times, with applicable legal and regulatory provisions.
e) The holder of the user account for the Services, as well as their representatives, administrators, and shareholders, are not involved in and/or related, directly or indirectly, to illegal or illicit activities or activities that may be considered risky according to the criteria established at any given moment by the competent authorities in the Republic of Colombia, by the Financial Action Task Force, and/or by Littio's internal policies.
f) The holder of the user account for the Services, as well as their representatives, administrators, and shareholders, are not linked to processes and/or judicial investigations and/or restrictive lists related to money laundering, financing of terrorism, proliferation of weapons of mass destruction, child prostitution, acts of corruption, transnational bribery, and other illegal and/or illicit activities. Likewise, the holder of the user account for the Services, as well as their representatives, administrators, and shareholders, are not related, directly or indirectly, to persons who are linked to processes and/or judicial investigations and/or restrictive lists related to money laundering, financing of terrorism, proliferation of weapons of mass destruction, child prostitution, acts of corruption, transnational bribery, and other illegal and/or illicit activities.
g) The holder of the user account for the Services, as well as their representatives, administrators, and shareholders will take all measures aimed at preventing them, their agents and employees from using or paying sums of money, nor using or giving gifts, for illegal and/or inappropriate purposes such as bribery, incentives, or inducements in order to secure unjustified benefits in favor of or in the name of Littio and/or its affiliated companies, nor will they engage in any conduct that can be considered as an act of corruption or transnational bribery.
h) The holder of the user account for the Services, as well as their representatives, administrators, and shareholders are not in any way related to the activities listed below, nor are their funds or resources linked to or derived from the same:
a. Sexual services - Includes, but is not limited to pornography, prostitution, sale of sexual accessories, escort agencies, etc.
b. Auction services - Means online auction services and pawn shops.
c. Controlled substances and drug paraphernalia - Includes, but is not limited to activities related to the manufacturing, marketing, or any other type of management related directly or indirectly to narcotics, prescription drugs, steroids, or paraphernalia or related accessories, unless authorized by the jurisdiction in which the activity is carried out and possesses the corresponding license, when applicable. Likewise, includes, but is not limited to activities related to equipment or material intended to make, use, or hide illegal drugs.
d. Cyber blocking services - Includes, but is not limited to activities related to the marketing or any type of management related to devices that are designed to block or interfere, without authorization, with cellular and personal communication services, official authority radars, global positioning systems, and wireless network services.
e. Betting services - Includes, but is not limited to sports betting, casino games, horse racing, dog racing, games that can be classified as gambling, bookmakers, lotteries, bingo, online gambling, or other activities that facilitate any of the above, unless authorized by the jurisdiction in which the activity is carried out and possess the corresponding license, when applicable.
f. Illegal activities - Businesses or transactions that may be related to any form of illegal activity, including, among others, money laundering, financing of terrorism, human trafficking, or political corruption or transnational bribery.
g. Activities that infringe intellectual property - Includes, but is not limited to activities related to the manufacturing, marketing, or any other type of management related directly or indirectly to goods or services that infringe or violate any copyright, trademark, or proprietary rights under the laws of any jurisdiction. This includes the sale of counterfeit items and unauthorized replicas or copies of items and applies to both physical and virtual items.
h. Precious metals and jewelry - Sale or trade of precious metals (coins, bars, etc.), gemstones, and fine jewelry.
i. Multilevel schemes - Pyramid and Ponzi schemes, multi-level marketing programs, wealth creation programs, pay-per-click schemes, and other similar programs that are not traditional and legitimate businesses.
j. Data kidnapping (ransomware) - Ransomware services, including illegitimate responses to cyber incidents and illegitimate responses to data breaches.
k. Fake banks and financial institutions (e.g., shell banks) - Banks or other financial institutions registered in a jurisdiction in which they have no physical presence.
l. Unlicensed financial or monetary service companies - Any financial and monetary services business that does not have a license in the jurisdiction in which it operates, unless the respective jurisdiction does not require a license for the development of such activities.
m. Weapons - Includes, but is not limited to activities related to the manufacturing, marketing, or any other type of management related directly or indirectly to the manufacture, construction, or assembly of weapons of any kind, including, among others, firearms, ammunition, explosives, or related accessories.
i) The Services will not be used to conduct any type of activity related to the activities referenced in the previous paragraph.
j) The Services will not be accessed through automated means of any nature without the prior explicit consent of Littio.
k) The holder of the user account for the Services will comply, at all times, with applicable legal provisions and with the provisions established in these T&C.
l) The holder of the user account for the Services will timely inform Littio of their status as obliged to issue electronic billing in accordance with Colombian legislation, committing, for this purpose, to the delivery of the documentation that in this context will be required, as well as to issue the corresponding electronic invoices when in accordance with applicable legislation this is necessary.
m) It will be the sole responsibility of the holder of the user account for the Services to manage and safeguard the suitability and accuracy of the information provided through the Services, as well as maintaining custody regarding the username and access code associated with the corresponding account. It will be understood, in any case, that any access and/or use of the Services using the username and access code associated with the user account for the Services is performed by the holder of this account.
n) They will not take any action that may disable, overload, or damage the functioning, provision of Services, and appearance of these, nor will use the Services for purposes involved and/or related, directly or indirectly, to illegal, unlawful, and/or activities that may be considered risky according to the criteria established at any given moment by the competent authorities in the Republic of Colombia, by the Financial Action Task Force, and/or by Littio's internal policies.
o) That by using the Services, they expressly and unequivocally recognize and accept that: (i) They are aware of the risks associated with transactions of digital assets as set forth in these T&C; (ii) They will assume all risks arising from the use of Littio's Services; and (iii) Littio will not be responsible for any risk or adverse outcome associated with the failure or interruption of the technology used for the operation of the Services unless it corresponds to an action or omission duly proven in a court of law and directly attributable to Littio.
By requesting the opening of a user account for the Services, the interested party, by simply doing so, will be declaring, guaranteeing, and consenting that the following statements are and will remain true for the entire duration of the corresponding legal relationship with Littio:
a) All information provided will be true and accurate and commits to keeping it that way at all times, as well as updating it when it changes and/or when requested by Littio.
b) That they have the necessary powers and authorizations to engage in the legal relationship that arises as a result of the use of the Services and, consequently, have the sufficient legal capacity to legally bind themselves to everything provided in these T&C.
c) That the user account holder of the Services, as well as their representatives, administrators, and shareholders do not reside in countries or territories considered as high-risk countries and jurisdictions according to the criteria set at any given time by the competent authorities in the Republic of Colombia, by the Financial Action Task Force, and/or by Littio's internal policies, and therefore, the account holder will only access the Services from countries and jurisdictions different from those previously indicated.
d) The use of the services will comply, at all times, with applicable legal and regulatory provisions.
e) That the user account holder of the Services, as well as their representatives, administrators, and shareholders, are not involved and/or related, directly or indirectly, to illegal, unlawful activities or activities that may be considered risky according to the criteria set at any given time by the competent authorities in the Republic of Colombia, by the Financial Action Task Force, and/or by Littio's internal policies.
f) That the user account holder of the Services, as well as their representatives, administrators, and shareholders, are not linked to processes and/or judicial investigations and/or restrictive lists related to money laundering, terrorist financing, the proliferation of weapons of mass destruction, child prostitution, acts of corruption, transnational bribery, and other illegal and/or unlawful activities. Similarly, that the user account holder of the Services, as well as their representatives, administrators, and shareholders, are not related, directly or indirectly, to persons who are linked to processes and/or judicial investigations and/or restrictive lists related to money laundering, terrorist financing, the proliferation of weapons of mass destruction, child prostitution, acts of corruption, transnational bribery, and other illegal and/or unlawful activities.
g) That the user account holder of the Services, as well as their representatives, administrators, and shareholders, will take all measures aimed at preventing them, their agents, and employees from using or paying sums of money, or using or giving gifts, for illicit and/or inappropriate purposes such as bribes, incentives, or inducements in order to ensure unjustified benefits in favor or on behalf of Littio and/or its affiliated companies, nor will engage in any behavior that may be considered an act of corruption or transnational bribery.
h) That the user account holder of the Services, as well as their representatives, administrators, and shareholders are not related in any way to the activities listed below, nor are their funds or resources linked to or derived from them:
a. Sexual services - Includes, but is not limited to, pornography, prostitution, sale of sexual accessories, escort agencies, etc.
b. Auction services - Means online auction services and pawn shops.
c. Controlled substances and drug paraphernalia - Includes, but is not limited to, activities related to the manufacture, marketing, or any other type of direct or indirect management related to narcotics, prescription drugs, steroids, or related paraphernalia or accessories unless authorized by the jurisdiction in which the activity is conducted and has the corresponding license, when applicable. Similarly, includes, but is not limited to, activities related to equipment or materials that are for making, using, or hiding illegal drugs.
d. Cyber-blocking services - Includes, but is not limited to, activities related to the marketing or any type of management related to devices designed to block or interfere, without authorization, with cellular and personal communication services, official authority radars, global positioning systems, and wireless network services.
e. Betting services - Includes, but is not limited to, sports betting, casino games, horse racing, dog racing, games that may be classified as games of chance, betting brokers, lotteries, bingo, online gambling or other activities facilitating any of the foregoing, unless authorized by the jurisdiction in which the activity is conducted and has the corresponding license, when applicable.
f. Illegal activities - Businesses or transactions that may be related to any form of illegal activity, including, but not limited to, money laundering, terrorism financing, human trafficking, political corruption, or transnational bribery.
g. Activities that infringe intellectual property - Includes, but is not limited to, activities related to the manufacture, marketing, or any other type of direct or indirect management related to goods or services that infringe or violate any copyright, trademark, or property rights under the laws of any jurisdiction. This includes the sale of counterfeit items and unauthorized replicas or copies of items, and applies to both physical and virtual items.
h. Precious metals and jewelry - Sale or trade of precious metals (coins, bars, etc.), gemstones, and fine jewelry.
i. Multilevel schemes - Pyramid and Ponzi schemes, multi-level marketing programs, wealth creation programs, pay-per-click schemes, and other similar programs that are not traditional and legitimate businesses.
j. Data hijacking (ransomware) - Ransomware services, including illegitimate responses to cyber incidents and illegitimate responses to data breaches.
k. Fake banks and financial institutions (e.g., shell banks) - Banks or other financial institutions registered in a jurisdiction in which they do not have a physical presence.
l. Unlicensed financial or monetary service businesses - Any business providing financial and monetary services that do not have a license in the jurisdiction in which they operate, unless in the respective jurisdiction no license is required for the development of such activities.
m. Weapons - Includes, but is not limited to, activities related to the manufacture, marketing, or any other type of direct or indirect management related to making, building, or assembling weapons of any kind, including, among others, firearms, ammunition, explosives, or related accessories.
i) The Services will not be used to engage in any activity related to the activities referenced in the previous item.
j) The Services will not be accessed by automated means of any kind without the prior express consent of Littio.
k) The user account holder of the Services will comply, at all times, with applicable legal provisions and with what is established in these T&C.
l) The user account holder of the Services will timely inform Littio of their status as a VAT billing obligor in accordance with Colombian legislation, committing, for this purpose, to provide the documentation required in that context, as well as to issue the corresponding electronic invoices when, in accordance with applicable legislation, it is necessary.
m) It will be the sole responsibility of the user account holder of the Services to manage and safeguard the suitability and truthfulness of the information provided through the Services, as well as to maintain custody in relation to the user and access password associated with the corresponding account. It will be understood, in any case, that any access and/or use of the Services using the user and access password associated with the user account of the Services is performed by the holder of this.
n) Will not take any action that may disable, overload, or damage the operation, the provision of Services, and appearance of these, nor use the Services for purposes involved and/or related, directly or indirectly, to illegal, unlawful activities and/or that may be considered risky according to the criteria set at any given time by the competent authorities in the Republic of Colombia, by the Financial Action Task Force, and/or by Littio's internal policies.
o) That by using the Services, they expressly and unequivocally acknowledge and accept that: (i) They are aware of the risks associated with digital asset transactions as set forth in these T&C; (ii) They will assume all risks arising from the use of Littio's Services; and (iii) Littio will not be liable for any risk or adverse outcome associated with the failure or interruption of the technology used for the operation of the Services unless such corresponds to an action or omission duly proven in court and directly attributable to Littio.
By requesting the opening of a user account for the Services, the interested party, by the mere act of doing so, will be declaring, guaranteeing, and consenting that the following statements are and will remain true throughout the duration of the corresponding legal relationship with Littio:
a) All information provided will be true and accurate and agrees to maintain it as such at all times, as well as to update it when it changes and/or when requested by Littio.
b) That they have the necessary powers and authorizations to engage in the legal relationship that arises as a result of the use of the Services and, consequently, have the legal capacity to legally bind themselves to all that is stipulated in these T&C.
c) That the holder of the user account of the Services, as well as their representatives, administrators, and shareholders do not reside in countries or territories considered as high-risk countries and jurisdictions according to the criteria established at all times by the competent authorities in the Republic of Colombia, by the Financial Action Task Force, and/or by the internal policies of Littio and, therefore, the account holder will only access the Services from countries and jurisdictions other than those previously indicated.
d) The use of the services will comply, at all times, with applicable legal and regulatory provisions.
e) That the holder of the user account of the Services, as well as their representatives, administrators, and shareholders, are not involved in and/or related, directly or indirectly, to illegal activities, or activities that may be considered risky according to the criteria established at all times by the competent authorities in the Republic of Colombia, by the Financial Action Task Force, and/or by the internal policies of Littio.
f) That the holder of the user account of the Services, as well as their representatives, administrators, and shareholders, are not linked to processes and/or judicial investigations and/or restrictive lists related to money laundering, funding of terrorism, proliferation of weapons of mass destruction, child prostitution, acts of corruption, transnational bribery, and other illegal and/or illicit activities. Similarly, that the holder of the user account of the Services, as well as their representatives, administrators, and shareholders, are not related, directly or indirectly, to persons linked to processes and/or judicial investigations and/or restrictive lists related to money laundering, funding of terrorism, proliferation of weapons of mass destruction, child prostitution, acts of corruption, transnational bribery, and other illegal and/or illicit activities.
g) That the holder of the user account of the Services, as well as their representatives, administrators, and shareholders will take all measures to prevent them, their agents, and employees from using or paying sums of money, or using or giving gifts, for illicit and/or inappropriate purposes such as bribery, incentives, or inducements in order to ensure unjustified benefits in favor or on behalf of Littio and/or its affiliated companies, nor engage in any conduct that may be considered as an act of corruption or transnational bribery.
h) That the holder of the user account of the Services, as well as their representatives, administrators, and shareholders are not related in any way to the activities listed below, nor their funds or resources are linked or derived from the same:
a. Sexual services - Includes, but is not limited to pornography, prostitution, selling sexual accessories, escort agencies, etc.
b. Auction services - Means online auction services and pawn shops.
c. Controlled substances and drug paraphernalia - Includes, but is not limited to activities related to the manufacture, marketing, or any other type of management directly or indirectly related to narcotics, prescription medications, steroids or paraphernalia or related accessories, unless authorized by the jurisdiction in which the activity is carried out and has the corresponding license, when applicable. Similarly, includes, but is not limited to activities related to equipment or material that is used to make, use, or hide illegal drugs.
d. Cyber blocking services - Includes, but is not limited to activities related to the marketing or any type of management related to devices designed to block or interfere, without authorization, with cellular and personal communication services, official authority radars, global positioning systems, and wireless network services.
e. Betting services - Includes, but is not limited to sports betting, casino games, horse racing, dog racing, games that can be classified as gambling, betting brokers, lotteries, bingo, online gambling or other activities that facilitate any of the above, unless authorized by the jurisdiction in which the activity is carried out and has the corresponding license, when applicable.
f. Illegal activities - Businesses or transactions that may be related to any form of illegal activity, including, among others, money laundering, financing of terrorism, human trafficking or political corruption or transnational bribery.
g. Activities that infringe intellectual property - Includes, but is not limited to activities related to the manufacture, marketing, or any other type of management related directly or indirectly to goods or services that infringe or violate any copyright, trademark, or property rights under the laws of any jurisdiction. This includes the sale of counterfeit items and unauthorized replicas or copies of items, and applies to both physical and virtual items.
h. Precious metals and jewelry - Sale or trade of precious metals (coins, bars, etc.), gemstones, and fine jewelry.
i. Multilevel schemes - Pyramid schemes and Ponzi schemes, multilevel marketing programs, wealth creation programs, pay-per-click schemes, and other similar programs that are not traditional and legitimate businesses.
j. Data kidnapping (ransomware) - Ransomware services, including illegitimate responses to cybersecurity incidents and illegitimate responses to data leaks.
k. Fake banks and financial institutions (e.g., shell banks) - Banks or other financial institutions registered in a jurisdiction where they have no physical presence.
l. Unlicensed financial or monetary service companies - Any financial and monetary services business that does not have a license in the jurisdiction in which they operate, unless a license is not required for the development of such activities in the respective jurisdiction.
m. Weapons - Includes, but is not limited to activities related to the manufacture, marketing, or any other type of management directly or indirectly related to making, building, or assembling weapons of any kind, including, among others, firearms, ammunition, explosives, or related accessories.
i) The Services will not be used to carry out any type of activity related to the activities referenced in the previous section.
j) No access to the Services will be made by any automated means of any kind without the prior express consent of Littio.
k) The holder of the user account of the Services will comply, at all times, with applicable legal provisions and with the stipulations in these T&C.
l) The holder of the user account of the Services will timely inform Littio of their condition as obliged to issue electronic invoicing in accordance with Colombian legislation, committing, for this purpose, to providing the documentation required in this context, as well as to issue the corresponding electronic invoices when required by applicable legislation.
m) It will be the sole responsibility of the holder of the user account of the Services to manage and safeguard the suitability and accuracy of the information provided through the Services, as well as to maintain custody of the user and access key associated with the corresponding account. It will be understood, in any case, that any access and/or use of the Services using the user and access key associated with the user account of the Services is made by the holder thereof.
n) They will not take any action that may disable, overload, or damage the operation, the provision of Services, and the appearance of these, nor use the Services for purposes involved and/or related, directly or indirectly, to illegal, unlawful, and/or potentially risky activities according to the criteria established at all times by the competent authorities in the Republic of Colombia, by the Financial Action Task Force, and/or by the internal policies of Littio.
o) That, by using the Services, they expressly and unequivocally acknowledge and accept that: (i) They are aware of the risks associated with digital asset transactions as set forth in these T&C; (ii) They will assume all risks arising from the use of Littio's Services; and (iii) Littio will not be liable for any risk or adverse outcome associated with failure or interruption of the technology used for the operation of the Services unless it corresponds to an action or omission duly proven in court and directly attributable to Littio.
5. Transactions with digital assets
By registering, accessing, and using the Services, the holders of the user accounts related to the Services will be able to buy, sell, and exchange digital assets in accordance with the provisions set forth in these T&C.
In accordance with the above, the holders of the user accounts related to the Services will be able to carry out, among others, the following operations:
a) Buy and/or sell and/or exchange digital assets with Littio; and
b) That Littio buy and/or sell and/or exchange digital assets on behalf of and for the account of the holder of the account associated with the Services, in accordance with the information provided at all times through this means, which shall be understood as the specific instructions ordered by the holder as the principal.
To carry out operations related to digital assets through the Services, the holders of the user accounts associated with the Services must verify and provide the information that is requested at all times through the Services. This information will include, but is not limited to (i) the amount of digital assets, (ii) the price of these or their exchange value, as applicable, (iii) the form and destination of the payment to be made to the account holder or to Littio, as appropriate, and (iv) the documents that are required to comply with Littio's policies and fulfill legal or regulatory obligations that may arise (including, but not limited to, proof of ownership of financial products, proof of transactions related to the Services, electronic invoices, among others).
Littio assumes no responsibility arising from the errors of the holder of the user account associated with the Services at the time of providing the data that is required at all times for the purpose of carrying out the operations concerning digital assets that are carried out through the Services. Consequently, the holders of user accounts related to the Services have the burden of acting with the utmost diligence when carrying out operations through the Services. Notwithstanding the foregoing, in case the corresponding transactions could not be carried out as a consequence of causes directly attributable to Littio, Littio will maintain costs, fees, and commissions associated with the use of the Services that were in effect at the time of the initial transaction requested by the holder of the account associated with the Services that could not be carried out due to causes directly attributable to Littio.
The digital assets acquired by the holders of the user accounts through the Services will be under the custody of partners of Littio with recognized suitability, and who have adequate mechanisms to ensure the security of the digital assets acquired through the Services.
The digital assets acquired by the user account holder and that are under the custody of the previously referenced partners will be reflected in the virtual platform provided through the Services, through which the user will be able to order the corresponding buy/sell/exchange operations, in accordance with the conditions offered at all times therein and, in any case, subject to the provisions set forth in these T&C.
The costs, fees, and commissions associated with the use of the Services at all times will be provided through these and/or through the communication channels provided in these T&C and will be updated periodically so that, from the corresponding update, they will be applicable to all operations that are carried out subsequent to that moment. The holders of user accounts related to the Services have the burden of verifying this information periodically and, in particular, with integrity regarding the performance of any operation through the Services.
Littio will have the right, but not the obligation, to grant rewards to the holders of the user accounts of the Services who have a positive amount of digital assets. Such rewards may be recognized based on the tenure of the holders as users of the Services and calculated as determined by Littio from time to time. In any case, Littio may revoke, at any time, the reward schemes that have been implemented within the framework of the Services, being obligated to recognize only the rewards that have been accrued up to that moment.
In the event that the holder of the user account wishes to transfer the digital assets acquired through the Services to any digital wallet or similar product offered by a third party, they may, at any time, instruct Littio to proceed with it, subject to the conditions set forth in these T&C, the applicable risk policies, and current regulations governing the matter, by means of written communication in accordance with the provisions established in these T&C. The request will be addressed within 5 business days following the time when the holder of the user account provides all the information requested for that purpose.
In any case, by linking, registering, and/or using the Services, the holder of the user account associated with the Services declares and acknowledges that the accounts/products of the holders of the user accounts associated with the Services from and to which transactions are made as a result of operations with digital assets that are made in connection with the Services must be owned by the respective holders of the user accounts associated with the Services. Eventually, Littio may, at its sole discretion and after verifying all supporting documentation it considers appropriate to request in accordance with the applicable regulations and its risk policies, authorize transactions with accounts/products of holders different from those of the holders of the user accounts associated with the Services.
By registering, accessing, and using the Services, the holders of the user accounts related to the Services will be able to buy, sell, and exchange digital assets in accordance with the provisions set forth in these T&C.
In accordance with the above, the holders of the user accounts related to the Services may carry out, among others, the following operations:
a) Buy and/or sell and/or exchange digital assets to Littio; and
b) Have Littio buy and/or sell and/or exchange digital assets on behalf of the holder of the account associated with the Services, in accordance with the information provided at any time through the same, which will be understood as the specific instructions given by the holder as the principal.
To carry out operations related to digital assets through the Services, the holders of the user accounts associated with the Services must verify and provide the information that is requested at any time through the Services. This information will include, by way of example but not limitation (i) the amount of digital assets, (ii) the price of these or their exchange value, as applicable, (iii) the form and destination of the payment to be made to the account holder or to Littio, as applicable, and (iv) the documents required to comply with Littio's policies and to meet legal or regulatory obligations that may arise (including, but not limited to, proof of ownership of financial products, proof of transactions related to the Services, electronic invoices, among others).
Littio assumes no responsibility for errors made by the holder of the user account associated with the Services when providing the data requested at any time for the purpose of carrying out the operations related to digital assets that are conducted through the Services. Therefore, the holders of user accounts related to the Services have the burden of acting with the utmost diligence when conducting operations through the Services. Notwithstanding the above, in case the corresponding transactions could not be carried out due to causes directly attributable to Littio, Littio will maintain costs, fees, and commissions associated with the use of the Services that are in effect at the time of the initial transaction requested by the holder of the account associated with the Services that could not be carried out due to causes directly attributable to Littio.
The digital assets acquired by the holders of user accounts through the Services will be under the custody of Littio's partners with recognized competence, who have adequate mechanisms to ensure the security of the digital assets acquired through the Services.
The digital assets acquired by the holder of the user account and that are under the custody of the previously referenced partners will be reflected on the virtual platform provided through the Services, through which the user can order the corresponding buy/sell/exchange operations, in accordance with the conditions offered at any moment therein and, in any case, subject to the provisions set forth in these T&C.
The costs, fees, and commissions associated with the use of the Services at any moment will be provided through these and/or through the communication channels provided in these T&C and will be updated periodically so that, from the corresponding update, they will be applicable to all operations carried out after that moment. The holders of user accounts related to the Services have the burden of verifying this information periodically and, in particular, with integrity in carrying out any operation through the Services.
Littio will have the right, but not the obligation, to grant rewards to the holders of user accounts of the Services that have a positive amount of digital assets. Such rewards may be recognized based on the tenure of the holders as users of the Services and calculated as determined by Littio from time to time. In any case, Littio may revoke, at any time, the reward schemes that have been implemented within the framework of the Services, being obliged for this purpose to recognize only the rewards that have been accrued up to that moment.
If the holder of the user account wishes to transfer the digital assets acquired through the Services to a digital wallet or similar product offered by a third party, they may, at any time, instruct Littio to proceed with this in accordance with the conditions set forth in these T&C, the applicable risk policies, and the current regulations governing the matter, by sending written communication in accordance with the provisions established in these T&C. The request will be attended to within 5 business days following the moment in which the holder of the user account provides all the information that may be requested for this purpose.
In any case, by linking, registering, and/or using the Services, the holder of the user account associated with the Services declares and acknowledges that the accounts/products of the holders of the user accounts associated with the Services from and to which transactions are made as a result of the operations with digital assets conducted in connection with the Services must be owned by the respective holders of the user accounts associated with the Services. Eventually, Littio may, at its sole discretion and upon verification of all supporting documentation that it considers appropriate to request in accordance with the applicable regulations and its risk policies, authorize transactions with accounts/products of holders other than those of the holders of the user accounts associated with the Services.
By registering, accessing, and using the Services, the holders of user accounts related to the Services will be able to buy, sell, and exchange digital assets in accordance with the provisions set forth in these T&C.
Accordingly, the holders of user accounts related to the Services will be able to carry out, among others, the following operations:
a) Buy and/or sell and/or exchange digital assets to Littio; and
b) Have Littio buy and/or sell and/or exchange digital assets on behalf of and for the account of the holder of the account associated with the Services, in accordance with the information provided at each moment through the same, which will be understood as the specific instructions ordered by the holder in their capacity as principal.
To carry out operations related to digital assets through the Services, the holders of user accounts associated with the Services must verify and provide the information that, at each moment, is requested through the Services. This information will include, without limitation (i) the amount of digital assets, (ii) the price of these or their exchange value, as appropriate, (iii) the form and destination of the payment to be made to the account holder or to Littio, as appropriate, and (iv) the documents required to comply with Littio's policies and fulfill any legal or regulatory obligations that may arise (including, but not limited to proof of ownership of financial products, proof of transactions related to the Services, electronic invoices, among others).
Littio assumes no responsibility arising from errors by the holder of the user account associated with the Services when providing the data that, at each moment, is required to carry out the operations that, regarding digital assets, are performed through the Services. Therefore, the holders of user accounts related to the Services have the obligation to act with the utmost diligence when carrying out operations through the Services. Notwithstanding the above, if the corresponding transactions could not be carried out due to causes directly attributable to Littio, Littio will maintain costs, fees, and commissions associated with the use of the Services that were in effect at the time of the initial transaction requested by the holder of the account associated with the Services that could not be completed due to causes directly attributable to Littio.
The digital assets acquired by the holders of user accounts through the Services will be under the custody of recognized partners of Littio, who have adequate mechanisms to ensure the security of the digital assets acquired through the Services.
The digital assets acquired by the holder of the user account and that are under the custody of the previously mentioned partners will be reflected on the virtual platform provided through the Services, through which the user can order the corresponding buy/sell/exchange operations, in accordance with the conditions offered at each moment therein and, in any case, subject to what is established in these T&C.
The costs, fees, and commissions associated with the use of the Services at each moment will be provided through these and/or through the communication channels provided in these T&C and will be updated periodically so that, from the corresponding update, they will apply to all operations carried out after such moment. The holders of user accounts related to the Services have the obligation to verify this information periodically and, in particular, with regard to the undertaking of any operation through the Services.
Littio will have the right, but not the obligation, to grant rewards to the holders of the user accounts of the Services who have a positive amount of digital assets. Such rewards may be recognized based on the holders' tenure as users of the Services and calculated as Littio determines from time to time. In any case, Littio may revoke, at any time, the reward schemes that have been implemented within the framework of the Services, being obliged in this regard to recognize only the rewards that have accrued up to that moment.
If the holder of the user account wishes to transfer the digital assets acquired through the Services to any digital wallet or similar product offered by a third party, they may, at any time, instruct Littio to proceed with this in accordance with the conditions set forth in these T&C, the applicable risk policies, and current regulations governing the matter, by written communication addressed in accordance with what is established in these T&C. The request will be addressed within the 5 business days following the moment the holder of the user account provides all the information that is requested for this purpose.
In any case, by linking, registering, and/or using the Services, the holder of the user account associated with the Services states and acknowledges that the accounts/products of the holders of the user accounts associated with the Services from and to which transactions are made as a result of the operations with digital assets conducted in connection with the Services, must be owned by the respective holders of the user accounts associated with the Services. Eventually, Littio may, at its sole discretion and after verifying all supporting documentation that it deems appropriate to request in accordance with applicable regulations and its risk policies, authorize transactions with accounts/products of holders different from those of the holders of the user accounts associated with the Services.
6. Specific mandate
By accepting these T&C, the account holder associated with the Services authorizes Littio to carry out the tasks so that, on their behalf and representation, directly and/or through third parties, they can perform all necessary procedures to carry out the operations associated with the Services in accordance with what is established in these T&C, which includes, but is not limited to (i) receiving the funds provided by the account holder solely for the purpose of following their instructions regarding the purchase of digital assets on their behalf and for their account; (ii) buying/selling/exchanging digital assets on behalf and for the account of the account holder at the rates provided through the Services in accordance with what is established in these T&C; (iii) receiving, on behalf and for the account of the account holder, the amounts derived from the sale of the digital assets that are made following the instructions of the account holder, for the sole purpose of holding them until they are transferred to the holder according to the instructions that they have provided for that purpose; (iv) sending the digital assets acquired by the account holder to be held in custody by Littio's partners and proceeding with the withdrawal of the same when the account holder requests to proceed with their sale; (v) all those instructions that, through the Services, are given by the account holder in accordance with the options made available for that purpose, and (vi) all those procedures that, being associated with the Services, must or can be carried out on behalf and for the account of the account holder in accordance with what is established in these T&C.
The mandate granted herein shall be irrevocable and shall end once the legal relationship arising between the parties as a result of the acceptance of these T&C has been concluded.
The mandate granted herein will be compensated in accordance with the corresponding costs and commissions as established in these T&C. In the case of buying/selling/exchanging digital assets on behalf and for the account of the account holder, the applicable rates provided through the Services will apply and, if there is a difference between them and the final purchase/sale/exchange price to the corresponding third party, it will be understood as compensation.
By accepting these T&C, the holder of the user account associated with the Services authorizes Littio to carry out the tasks so that, on their behalf and representation, directly and/or through third parties, execute all necessary actions to carry out the operations associated with the Services in accordance with what is established in these T&C, which includes, but is not limited to (i) receiving the funds provided by the holder of the user account solely for the purpose of complying with their instructions regarding the purchase of digital assets on their behalf and for their account; (ii) buying/selling/exchanging digital assets on behalf and for the account of the holder of the user account at the rates provided through the Services in accordance with what is established in these T&C; (iii) receiving, on behalf and for the account of the holder of the user account, the amounts derived from the sale of the digital assets made following the instructions of the account holder, solely for the purpose of holding them until they are transferred to the holder in accordance with the instructions they have provided for that effect; (vi) sending the digital assets acquired by the account holder for custody by Littio’s allies and proceeding with their withdrawal when the account holder requests to proceed with the sale of the same; (iii) all those instructions that, through the Services, are given by the account holder in accordance with the options that are provided for this purpose through them, and (iv) all those actions that, being associated with the Services, must or may be carried out on behalf and for the account of the holder in accordance with what is established in these T&C.
The mandate granted here will be irrevocable and will end once the legal relationship arising between the parties as a consequence of the acceptance of these T&C has concluded.
The mandate granted here will be compensated in accordance with the corresponding costs and commissions as established in these T&C. In the case of buying/selling/exchanging digital assets on behalf and for the account of the holder, the current fees provided through the Services will apply and, if there is a difference between them and the final price of buying/selling/exchanging to the corresponding third party, it will be understood as compensation.
With the acceptance of these T&C, the holder of the user account associated with the Services entrusts Littio to carry out the tasks so that, on their behalf and representation, directly and/or through third parties, they perform all necessary actions to carry out operations associated with the Services in accordance with the provisions of these T&C, which includes, but is not limited to (i) receiving the funds provided by the user account holder for the sole purpose of complying with their instructions regarding the purchase of digital assets in their name and on their behalf; (ii) buying/selling/exchanging digital assets in the name and on behalf of the user account holder at the rates provided through the Services in accordance with the provisions of these T&C; (iii) receiving, on behalf and for the account of the user account holder, the amounts derived from the sale of digital assets that are made following the instructions of the account holder, with the sole purpose of retaining them until they proceed with the transfer of them to the holder according to the instructions they have provided for this purpose; (vi) sending the digital assets acquired by the account holder to be held in custody by Littio's partners and proceeding with the withdrawal of them when the account holder requests to sell them; (iii) all instructions that, through the Services, are given by the account holder in accordance with the options that are provided to them through the same, and (iv) all those actions that, being associated with the Services, must or can be carried out on behalf and for the account of the account holder in accordance with the provisions of these T&C.
The mandate hereby conferred shall be irrevocable and will end once the legal relationship arising between the parties as a result of the acceptance of these T&C has been finalized.
The mandate hereby conferred will be compensated in accordance with the corresponding costs and commissions as established in these T&C. In the case of buying/selling/exchanging digital assets on behalf and for the account of the account holder, the applicable rates provided through the Services will be applied, and if there is a difference between them and the final price of buying/selling/exchanging with the corresponding third party, it shall be understood as compensation.
7. Acceptable use
The use of the Services will be subject, at all times, to the following acceptable use conditions:
a) Any illegal or unlawful use of the Services is strictly prohibited.
b) The account holder is and will be solely responsible for the privacy and storage of their username and password to access the Services.
c) All operations performed from the Services or in connection with them are final and, therefore, non-refundable.
d) By using the Services, the account holder accepts that all activities that can be traced back to their username and password will be considered carried out by them and, therefore, are legally binding on the respective user.
e) By using the Services, the account holder accepts exclusive responsibility for the operations performed through them.
f) By using the Services, the account holder acknowledges that Littio reserves the right to exclude them from using the Services as a consequence of use that, in Littio's opinion, is improper or illegal.
g) By using the Services, the account holder acknowledges and agrees that they use them at their own risk. Therefore, the account holder will be solely responsible for complying with all applicable laws and regulations.
h) By using the Services, the account holder guarantees that, if requested by Littio, they will present written proof of compliance with the commitments they have made according to these T&C.
i) By using the Services, the account holder acknowledges that, in case of breach of the provisions established in these T&C, Littio will have the right to suspend, limit, or terminate their access to the Services and any information contained therein immediately.
j) By using the Services, the account holder guarantees that, in the event that a claim and/or investigation is presented against Littio by a third party due to the user's breach of the provisions established in these T&C and/or applicable law, the account holder shall hold Littio harmless from all damages or losses that may have been caused directly or indirectly, which will include reimbursement of all costs, losses, and damages related to such claim.
k) Only one account for the Services may be held, managed, and/or controlled by each holder.
The use of the Services will be subject, at all times, to the following acceptable use conditions:
a) Any illegal or unauthorized use of the Services is strictly prohibited.
b) The account holder is and will be solely responsible for the privacy and storage of their username and password to access the Services.
c) All operations performed from the Services or in connection with them are final and, therefore, non-refundable.
d) By using the Services, the account holder agrees that all activities traceable to their username and password will be considered as having been performed by them and, therefore, are legally binding on the respective user.
e) By using the Services, the account holder accepts exclusive responsibility for the operations conducted through them.
f) By using the Services, the account holder acknowledges that Littio reserves the right to exclude them from using them as a consequence of a use that, in Littio's opinion, is improper or illegal.
g) By using the Services, the account holder acknowledges and agrees that they use them at their own risk. Therefore, the account holder will be solely responsible for complying with all applicable laws and regulations.
h) By using the Services, the account holder guarantees that, if requested by Littio, they must provide written proof of compliance with the commitments they have made in accordance with these T&C.
i) By using the Services, the account holder acknowledges that, in the event of a breach of the provisions of these T&C, Littio will have the right to suspend, limit, or terminate their access to the Services and to any information contained therein immediately.
j) By using the Services, the account holder guarantees that, in the event of a claim and/or investigation against Littio by a third party due to the user's breach of the provisions of these T&C and/or applicable law, the account holder must hold Littio harmless with respect to all damages or losses that may have been caused directly or indirectly, which will include reimbursement of all costs, losses, and damages related to such claim.
k) Only one account holder may have, manage, and/or control a user account of the Services.
The use of the Services will be subject, at all times, to the following acceptable use conditions:
a) Any illegal or illegitimate use of the Services is strictly prohibited.
b) The account holder is and will be solely responsible for the privacy and storage of their username and password to access the Services.
c) All operations performed from the Services or in connection with them are final and, therefore, non-refundable.
d) When using the Services, the account holder agrees that all activities that can be traced back to their username and password will be deemed to be conducted by them and, therefore, are legally binding on the respective user.
e) When using the Services, the account holder accepts exclusive responsibility for the operations conducted through them.
f) When using the Services, the account holder acknowledges that Littio reserves the right to exclude them from using these Services, as a result of any usage that, in Littio's discretion, is improper or illegal.
g) When using the Services, the account holder acknowledges and agrees that they use them at their own risk. Therefore, the account holder will be solely responsible for complying with all applicable laws and regulations.
h) When using the Services, the account holder guarantees that, if requested by Littio, they must provide written proof of compliance with the commitments they have made according to these T&C.
i) When using the Services, the account holder acknowledges that, in the event of a breach of the provisions of these T&C, Littio shall have the right to suspend, limit, or terminate their access to the Services and any information contained therein immediately.
j) When using the Services, the account holder guarantees that, in the event a claim and/or investigation is presented against Littio by a third party due to the user's breach of the provisions of these T&C and/or applicable law, the account holder shall hold Littio harmless with respect to all damages or losses that may have been caused directly or indirectly as a result, which will include reimbursement of all costs, losses, and damages related to such claim.
k) Only one account holder of the Services can be owned, managed, and/or controlled by each holder.
8. Cancellation
The holders of the user accounts associated with the Services may, at any time, request the cancellation of their account, subject to the provisions set forth in these T&C and, in any case, to what is indicated below:
a) To be able to request the cancellation of the user account, the holder must not have any pending obligations with Littio and must not have a positive amount of digital assets and, therefore, must take the necessary actions to this effect before proceeding with the voluntary cancellation of the account.
b) Once the cancellation of the user account has been requested, Littio will carry out the relevant validations and inform the holder if there is cause for the cancellation or suspension of any pending transactions, which will be duly communicated to the holder. For this purpose, the holder's digital assets may be withheld until all their pending obligations are satisfied.
c) Under no circumstances will the cancellation proceed if it could reasonably be interpreted as an attempt to avoid payment of the holder's pending obligations or if their activity is under investigation.
d) In case the holder has problems or doubts at the time of canceling their account, they should contact Littio's support service.
In certain circumstances, Littio may terminate, suspend, or restrict in any way the accounts of holders and their use of the Services if there are suspicions of a violation of these T&C or any applicable agreement or policy, when required by current legislation, or to prevent a possible loss in any way. As a consequence of the above, by accepting these T&C, the holder of the user account associated with the Services expressly acknowledges and agrees that Littio reserves the right to terminate, suspend, or restrict access to the account and the Services, as well as to take, at any time, other measures stipulated in these T&C to protect the holder, other users, and/or Littio whenever deemed necessary.
If your account is canceled by Littio, or is subject to verification requirements, you will generally be allowed to transfer funds out of the Platform during the 30 calendar days following the notification made for this purpose, unless such transfers are prohibited by these T&C and/or applicable law. In any case, the following will be taken into account:
e) During the aforementioned period, the account holder may proceed with the sale/transfer of the digital assets they have at that moment.
f) The applicable fees will be those in effect at the time the holder carries out the corresponding operation(s).
g) Once the aforementioned period has expired, the holder's digital assets will be liquidated at the prevailing rates in COP for the day the referred period expires, and Littio will retain the corresponding funds to be transferred to the holder according to the instructions they request or to the competent authorities, as appropriate. Littio will not recognize any interest on the sums derived from the liquidation of digital assets during the time it has them in its possession as a result of what is established in this paragraph and until they are finally transferred to the corresponding person.
h) Littio may request, at any time, that the holder link a backup bank account to their user account of the Services, so that the corresponding transfers can be made to this account when there is no express instruction from the holder to the contrary. It will be the sole responsibility of the holder to keep this account duly updated from time to time.
In the event of Littio's liquidation, this will be communicated to the holders of the user accounts associated with the Services, so that they can proceed with the sale/transfer of the digital assets they have at that moment according to what is indicated in this section. If the holders of the user accounts associated with the Services have not proceeded with such management by the time the company enters a state of dissolution, the holder's digital assets will be liquidated at the prevailing rates in COP for the day when the company enters a state of dissolution, and Littio will retain the corresponding funds to be transferred to the holder's backup account or, if not, according to the instructions the holder requests or to the competent authorities, as appropriate. Littio will not recognize any interest on the sums derived from the liquidation of digital assets during the time it has them in its possession as a result of what is established in this paragraph and until they are finally transferred to the corresponding person. It is understood that users grant a specific mandate to Littio to keep the funds available until they can be transferred to the holder's backup account.
The holders of the user accounts associated with the Services may, at any time, request the cancellation of their account, subject to the provisions set forth in these T&C and, in any case, to what is indicated below:
a) In order to request the cancellation of the user account, the holder must not have any outstanding obligations with Littio and must not have a positive amount of digital assets, and therefore, must take the necessary actions to that effect before proceeding with the voluntary cancellation of the account.
b) Once the cancellation of the user account has been requested, Littio will carry out the relevant validations and will inform the holder whether there are grounds for canceling or suspending any pending transactions, which will be duly communicated to the holder. For this purpose, the holder's digital assets may be retained until all their outstanding obligations are satisfied.
c) Under no circumstances will the cancellation proceed if it could reasonably be interpreted as an attempt to avoid payment of the holder's outstanding obligations or if their activity is being investigated.
d) If the holder has problems or questions at the time of canceling their account, they should contact Littio's support service.
Under certain circumstances, Littio may terminate, suspend, or restrict in any way the accounts of the holders and their use of the Services if there are suspicions of violation of these T&C or any applicable agreement or policy, when required by current legislation, or to prevent in any way a possible loss. As a consequence of the above, by accepting these T&C, the holder of the user account associated with the Services expressly acknowledges and accepts that Littio reserves the right to terminate, suspend, or restrict access to the account and the Services, as well as to take, at any time, other measures set forth in these T&C to protect the holder, other users, and/or Littio as deemed necessary.
If your account is canceled by Littio, or is subject to verification requirements, you will generally be allowed to transfer funds out of the Platform during the 30 calendar days following the notification made for that purpose, unless such transfers are prohibited by these T&C and/or applicable legislation. In any case, the following should be taken into account:
e) During the previously mentioned period, the account holder may proceed with the sale/transfer of the digital assets they have at that time.
f) The applicable fees will be those in effect at the time the holder makes the corresponding transaction(s).
g) Once the previously indicated period has expired, the holder's digital assets will be liquidated at the prevailing fees in COP for the day of expiration of the referred period, and Littio will retain the corresponding funds to be transferred to the holder according to the instructions they request or to the competent authorities, as applicable. Littio will not recognize any interest on the amounts derived from the liquidation of digital assets during the time it holds them as a result of the provisions of this paragraph and until they are finally transferred to the corresponding person.
h) Littio may request, at any time, that the holder link a backup bank account to their user account of the Services, so that the corresponding transfers can be made when there is no express instruction from the holder to the contrary. It is the sole responsibility of the holder to keep that account duly updated from time to time.
In the event of liquidation of Littio, this will be communicated to the holders of the user accounts associated with the Services so that they can proceed with the sale/transfer of the digital assets they have at that time, according to what is indicated in this section. If the holders of the user accounts associated with the Services have not proceeded with such management by the time the company enters a state of dissolution, the holder's digital assets will be liquidated at the prevailing fees in COP for the day the company enters a state of dissolution, and Littio will maintain the corresponding funds to be transferred to the holder's backup account or, failing that, according to the instructions the holder requests or to the competent authorities, as applicable. Littio will not recognize any interest on the amounts derived from the liquidation of digital assets during the time it holds them as a result of the provisions of this paragraph and until they are finally transferred to the corresponding person. It is understood that users grant a specific mandate to Littio to keep the funds available until they can be transferred to the holder's backup account.
The account holders of the user accounts associated with the Services may, at any time, request the cancellation of their account, subject to the provisions stated in these T&C and, in any case, to what is indicated below:
a) In order to request the cancellation of the user account, the holder must not have outstanding obligations with Littio and must not have a positive amount of digital assets and, therefore, must take the necessary actions in this regard before proceeding with the voluntary cancellation of the account.
b) Once the cancellation of the user account is requested, Littio will carry out the relevant validations and inform the holder whether there is cause for the cancellation or suspension of any pending transactions, which will be duly reported to the holder. For this purpose, the holder's digital assets may be retained until all their outstanding obligations are satisfied.
c) In no case will cancellation proceed if it could reasonably be interpreted as an attempt to avoid payment of the holder's outstanding obligations or if their activity is being investigated.
d) If the holder has problems or questions at the time of canceling their account, they should contact Littio's customer support service.
Under certain circumstances, Littio may terminate, suspend, or in some way restrict the accounts of holders and their use of the Services if there are suspicions of violation of these T&C or any applicable agreement or policy, when required by current legislation, or to prevent any potential loss. As a result of the above, by accepting these T&C, the holder of the user account associated with the Services expressly acknowledges and accepts that Littio reserves the right to terminate, suspend, or restrict access to the account and the Services and to take, at any time, other measures stipulated in these T&C to protect the holder, other users, and/or Littio whenever deemed necessary.
If your account is canceled by Littio, or is subject to verification requirements, you will generally be allowed to transfer funds out of the Platform during the 30 calendar days following the notification made for that purpose, unless such transfers are prohibited by these T&C and/or applicable legislation. In any case, the following will be taken into account:
e) During the previously mentioned period, the account holder may proceed with the sale/transfer of the digital assets they have at that time.
f) The applicable fees will be those in effect at the time the holder makes the corresponding operation(s).
g) Once the previously indicated period expires, the holder's digital assets will be liquidated at the rates in effect in COP for the day of expiration of the referred period, and Littio will hold the corresponding funds to be transferred to the holder according to the instructions they request or to the competent authorities, as appropriate. Littio will not recognize any type of interest on the amounts derived from the liquidation of the digital assets during the time it has them in its possession as a consequence of what is established in this paragraph and until they are finally transferred to the corresponding person.
h) Littio may request, at any time, that the holder link a backup bank account to their user account of the Services, so that the corresponding transfers can be made when there is no explicit instruction from the holder to the contrary. It will be the sole responsibility of the holder to keep this account duly updated from time to time.
In the event of Littio's liquidation, this will be communicated to the holders of the user accounts associated with the Services, so that they can proceed with the sale/transfer of the digital assets they have at that moment according to what is indicated in this section. If the holders of the user accounts associated with the Services have not proceeded with such management by the time the company enters a state of dissolution, the digital assets of the holder will be liquidated at the rates in effect in COP for the day the company enters a state of dissolution, and Littio will hold the corresponding funds to be transferred to the holder's backup account or, failing that, according to the instructions the holder requests or to the competent authorities, as appropriate. Littio will not recognize any type of interest on the amounts derived from the liquidation of the digital assets during the time it has them in its possession as a consequence of what is established in this paragraph and until they are finally transferred to the corresponding person. It is understood that users grant Littio a specific mandate to keep the funds available until they can be transferred to the holder's backup account.
9. Privacy
The data processing carried out as a result of and/or in relation to the Services shall be governed by the provisions of our Data Processing Policy, which shall be understood to be incorporated into these T&C for all legal effects.
The processing of data that is carried out as a consequence of and/or in relation to the Services will be governed by the provisions set forth in our Privacy Policy, which will be understood to be incorporated into these T&C for all legal purposes.
The processing of data that is carried out as a consequence of and/or in relation to the Services will be governed by what is stipulated in our Data Processing Policy, which will be understood as incorporated into these T&C for all legal purposes.
10. Intellectual property
The Services and their content, including but not limited to source codes, software, texts, graphics, logos, trademarks, animations, and sounds, are the exclusive property of Littio. Therefore, any total or partial reproduction of the same (including their translation, inclusion, transmission, storage, or access through any means) without prior written authorization from Littio is strictly prohibited. In accordance with the above, reverse engineering, as well as any other method that aims to extract the codes and other technological aspects related to the Services, is prohibited. Similarly, none of the Services may be extracted, altered, rented, distributed, sold, or licensed.
By using the services, you guarantee that: (i) You will be responsible for any improper, illegal, or abnormal use of the contents, information, or particulars of the Services; (ii) You will not in any way, directly or through an intermediary, act against the Services, their information systems, nor interfere with their normal operation; (iii) You will not alter, block, or perform any other act that prevents the display or access to any content, information, or particulars of the Services; (iv) You will not engage in and from the Services, in unlawful behavior similar to damages or cyber attacks, interception of communications, copyright infringements, identity theft, disclosure of secrets, or falsification of documents, among others; (v) You will keep Littio harmless from all damages or losses that, as a result of the breach of the provisions set forth in this section, may have been caused directly or indirectly, which shall include the reimbursement of all costs, losses, and damages related to such claim.
The Services and their content, including but not limited to source codes, software, texts, graphics, logos, trademarks, animations, and sounds, are the exclusive property of Littio. Therefore, the total or partial reproduction of any of them (including their translation, inclusion, transmission, storage, or access through any medium) without prior written authorization from Littio is strictly prohibited. In accordance with the above, reverse engineering is prohibited, as well as any other method that aims to extract the codes and other technological aspects related to the Services. Likewise, it is prohibited to extract, change, lease, distribute, sell and/or license any of the Services.
By using the services, you guarantee that: (i) You will be responsible for any misuse, illegal or abnormal use of the content, information, or specificities of the Services; (ii) You will not in any way, directly or indirectly through another person, harm the Services, their information systems, nor will you interfere with their normal operation; (iii) You will not alter, block, or perform any other act that prevents the display or access to any content, information, or specificities of the Services; (iv) You will not engage in and from the Services, in illegal conduct equal to or similar to damages or cyberattacks, interception of communications, copyright infringements, identity theft, disclosure of secrets or falsification of documents, among others; (v) You will hold Littio harmless concerning all damages or losses that, as a result of non-compliance with the provisions of this section, may have caused directly or indirectly, which will include the reimbursement of all costs, losses, and damages related to such claim.
The Services and their content, including but not limited to source codes, software, texts, graphics, logos, distinctive signs, animations, and sounds, are the exclusive property of Littio. Therefore, the total or partial reproduction of the same (including their translation, inclusion, transmission, storage, or access through any means) without prior written authorization from Littio is strictly prohibited. In accordance with the above, the development of reverse engineering is prohibited, as well as any other method intended to extract codes and other technological aspects related to the Services. Likewise, none of the Services may be extracted, changed, leased, distributed, sold, and/or licensed.
By using the services, you guarantee that: (i) You will be responsible for any misuse, illegal or abnormal use of the content, information, or particularities of the Services; (ii) You will not in any way, directly or indirectly, act against the Services, their information systems, nor will you interfere with their normal operation; (iii) You will not alter, block, or perform any other act that prevents showing or accessing any content, information, or particularities of the Services; (iv) You will not engage in and from the Services, in illegal conduct similar to damage or cyberattacks, interception of communications, copyright infringements, identity theft, disclosure of secrets, or falsehoods in documents, among others; (v) You will keep Littio indemnified against all damages or losses that, as a consequence of the breach of what is established in this section, may have been caused directly or indirectly, which will include the reimbursement of all costs, losses, and damages related to such claim.
11. Confidentiality
By "Confidential Information", it shall be understood as all information communicated to you, by any means, by Littio or its collaborators regarding the services. The above includes, but is not limited to, any technical, scientific, financial, legal, tax, and commercial information, business models and strategies, know how, information related to clients and partners, projects and operations of Littio, as well as analyses and working documents, compilations, comparisons, studies, and in general, all information that Littio transmits or has transmitted before or after the use of the Services.
Any unauthorized disclosure and use of the Confidential Information entails the obligation to respond to Littio and third parties for the damages that may have been caused as a result. In accordance with the above, Littio shall have the right to claim judicially and obtain compensation for the damages that such unauthorized disclosure and use may have generated.
For "Confidential Information," it will be understood as all information communicated to you, by any means, by Littio or its collaborators in relation to the services. The above includes, but is not limited to, any technical, scientific, financial, legal, tax, and commercial information, business models and strategies, know how, information related to clients and partners, projects, and operations of Littio, as well as analyses and working documents, collections, comparisons, studies, and in general, all information that Littio transmits or has transmitted prior to or subsequent to the use of the Services.
Any unauthorized disclosure and use of Confidential Information entails the obligation to respond to Littio and third parties for the damages that, as a consequence of this, may have been caused. In accordance with the above, Littio shall have the right to seek judicial recourse and obtain compensation for the damages that such unauthorized disclosure and use may have generated.
By "Confidential Information", it will be understood as any information communicated to you, by any means, by Littio or its collaborators in relation to the services. The above includes, but is not limited to, any information of a technical, scientific, financial, legal, tax, and commercial nature, models and business strategies, know how, information related to customers and partners, projects and operations of Littio, as well as analyses and working documents, compilations, comparisons, studies, and in general, all the information that Littio transmits or has transmitted prior to or subsequent to the use of the Services.
Any unauthorized disclosure and use of the Confidential Information entails the obligation to answer before Littio and third parties for the damages that may have been caused as a consequence of it. In accordance with the above, Littio shall have the right to claim judicially and obtain compensation for the damages and losses that such unauthorized disclosure and use may have generated.
12. Taxes
Whoever makes use of the Services will be solely responsible for paying all applicable taxes, fees, contributions, rights, and fees related to the activities derived from them, provided that they are not expressly attributable to Littio by legal provision. In accordance with the above, whoever makes use of the Services will be the sole and exclusive responsible party for informing and reporting to the competent tax authorities about the product of the transactions carried out through the Services in accordance with the applicable law. The above, without prejudice to the possibility that Littio provides the relevant information on the matter to the competent authorities in accordance with the applicable legislation for that purpose.
Littio does not provide any type of tax advice, so whoever uses the Services will have the burden and exclusive responsibility to determine the tax implications associated with their use.
Whoever uses the Services will be solely responsible for paying all applicable taxes, fees, contributions, rights, and charges related to the activities derived from them, provided that they are not expressly attributable to Littio by legal provision. In accordance with the above, whoever uses the Services will be solely and exclusively responsible for informing and reporting to the competent tax authorities about the product of the transactions carried out through the Services in accordance with the applicable law. This, without prejudice to the possibility that Littio may provide relevant information on the matter to the competent authorities in accordance with the applicable legislation for this purpose.
Littio does not provide any type of tax advice, so anyone using the Services will have the exclusive burden and responsibility of determining the tax implications associated with their use.
Whoever makes use of the Services shall be solely responsible for paying all taxes, fees, contributions, rights, and applicable charges related to the activities derived from them, provided that they are not expressly attributable to Littio by legal provision. In accordance with the above, whoever makes use of the Services shall be the sole and exclusive responsible party to inform and report to the competent tax authorities on the product of the transactions carried out through the Services in accordance with applicable law. The above is without prejudice to the possibility that Littio may provide relevant information on the matter to the competent authorities in accordance with the applicable legislation for that purpose.
Littio does not provide any kind of tax advice, and thus whoever uses the Services shall have the burden and exclusive responsibility to determine the tax implications associated with their use.
13. Risks associated with operations involving digital assets
Whoever makes use of the Services, by the mere act of doing so, freely, autonomously, and voluntarily chooses to participate in operations involving the inherent risks of activities conducted with digital assets through technological platforms.
Littio, in the development of activities related to the Services, has implemented processes and procedures aimed at ensuring the highest possible security for the users of the Services. Notwithstanding the above, this does not imply that the Services are free from the various risks associated with conducting operations with digital assets that have characteristics identical and/or similar to those that are the subject of the Services, including, but not limited to technological failures, failures associated with the use of blockchain technology, and any type of actions and/or computing elements used to commit crimes and/or cybercrimes.
For the above reasons, it is understood that whoever makes use of the Services, by the mere fact of doing so, acknowledges that they are aware of and understand the various risks associated with conducting operations with digital assets that have characteristics identical and/or similar to those that are the subject of the Services, including, but not limited to technological failures, failures associated with the use of blockchain technology, and any type of actions and/or computing elements used to commit crimes and/or cybercrimes. By accepting these T&C, it is understood that you assume and accept, freely, autonomously, and voluntarily these risks.
Whoever makes use of the Services, by the mere act of doing so, understands and acknowledges that the value of virtual assets can be volatile and that, therefore, Littio is and will not be in any way responsible or liable for the losses that may arise as a consequence of the above.
Considering the current state of regulation of digital assets, it is possible that the T&C, as well as the Services, may be subject to eventual changes based on the regulations that may be issued regarding the matter at any given time. Littio, as a result of its commitment to comply with applicable laws, will make the necessary changes or modifications for this purpose and will communicate them to the users of the Services in advance.
Littio does not provide or offer financial services nor does it carry out any activities characteristic of financial entities that require authorization to operate.
Anyone who uses the Services, by the mere fact of doing so, freely, autonomously, and voluntarily chooses to participate in operations that involve the inherent risks of activities conducted with digital assets through technological platforms.
Littio, in the development of activities related to the Services, has implemented processes and procedures aimed at ensuring the greatest possible security for users of the Services. Notwithstanding the above, this does not imply that the Services are free from the various risks associated with conducting operations with digital assets that have characteristics identical to and/or similar to those that are the subject of the Services, including, but not limited to technological failures, failures associated with the use of blockchain technology, and any actions and/or computer elements used to commit crimes and/or cybercrimes.
Therefore, it is understood that anyone who uses the Services, by the mere fact of doing so, acknowledges that they are aware of and understand the various risks involved in conducting operations with digital assets that have characteristics identical to and/or similar to those that are the subject of the Services, including, but not limited to technological failures, failures associated with the use of blockchain technology, and any actions and/or computer elements used to commit crimes and/or cybercrimes. By accepting these T&C, it is understood that you assume and accept these risks freely, autonomously, and voluntarily.
Anyone who uses the Services, by the mere fact of doing so, understands and acknowledges that the value of virtual assets can be volatile and that, therefore, Littio is not and will not be in any way responsible or liable for any losses that may be suffered as a consequence of the above.
Considering the current state of regulation of digital assets, it is possible that the T&C, as well as the Services, may be subject to eventual changes depending on the regulations that may be issued on the matter at any given time. Littio, as a result of its commitment to complying with applicable laws, will make the necessary changes or modifications for that purpose and will communicate them to the users of the Services in advance.
Littio does not provide or offer financial services nor does it carry out any activity characteristic of financial entities that require authorization to operate.
Whoever makes use of the Services, by merely doing so, freely, autonomously, and voluntarily chooses to participate in operations that involve the inherent risks of activities conducted with digital assets through technological platforms.
Littio, in the development of activities related to the Services, has implemented processes and procedures aimed at ensuring the greatest possible security for users of the Services. Notwithstanding the above, this does not imply that the Services are exempt from the various risks associated with carrying out operations with digital assets that have characteristics identical and/or similar to those covered by the Services, including, but not limited to, technological failures, failures related to the use of blockchain technology, and any type of actions and/or computer elements used to commit crimes and/or cybercrimes.
Therefore, it is understood that whoever makes use of the Services, by merely doing so, acknowledges that they are aware and understand the various risks associated with carrying out operations with digital assets that have characteristics identical and/or similar to those covered by the Services, including, but not limited to, technological failures, failures related to the use of blockchain technology, and any type of actions and/or computer elements used to commit crimes and/or cybercrimes. By accepting these T&C, it is understood that you assume and accept, freely, autonomously, and voluntarily, such risks.
Whoever makes use of the Services, by merely doing so, understands and acknowledges that the value of virtual assets can be volatile and that, therefore, Littio is and will not be in any way responsible or liable for any losses that may occur as a consequence of this.
Considering the current state of regulation of digital assets, it is possible that the T&C, as well as the Services, may be subject to eventual changes depending on the regulation that may be issued regarding the matter at any given time. Littio, as a result of its commitment to complying with applicable laws, will make any necessary changes or modifications for this purpose and will communicate them to users of the Services in advance.
Littio does not provide or offer financial services nor does it carry out any type of activity typical of financial entities that require authorization for their operation.
14. Absence of advice
The information provided by Littio directly or through the Services is solely for informational purposes, and therefore, Littio is not requesting, influencing, or recommending any action based on such information. Likewise, Littio does not provide any consultation regarding the suitability of undertaking operations of any kind with digital assets.
Accordingly, anyone who uses the Services, by the mere act of doing so, explicitly understands and accepts that Littio does not intend to provide any type of investment advice.
The information provided by Littio directly or through the Services is for informational purposes only, and therefore, Littio is not soliciting, influencing, and/or recommending any action based on such information. Similarly, Littio does not provide any consultation on the suitability of conducting any type of operations with digital assets.
Accordingly, anyone using the Services, by the mere act of doing so, understands and expressly agrees that Littio does not intend to provide any type of investment advice.
The information provided by Littio directly or through the Services is purely informative, and therefore, Littio is not requesting, influencing, or recommending any action based on such information. Likewise, Littio does not provide any consultation regarding the advisability of conducting operations of any kind with digital assets.
According to the above, anyone using the Services, by the mere act of doing so, understands and expressly accepts that Littio does not intend to provide any type of investment advice.
15. Limitation of liability
Littio in the development of activities related to the Services has implemented processes and procedures aimed at ensuring the greatest possible security for users of the Services. Notwithstanding the above, this does not imply that the Services are free from the various risks associated with conducting operations with digital assets that have characteristics identical to and/or similar to those that are the object of the Services. Therefore, anyone using the Services, by merely doing so, accepts and acknowledges that they do so at their own risk.
The operation of the Services may be affected by numerous factors beyond Littio's control. In accordance with the above, Littio does not guarantee or ensure that access to any component of the Services will be continuous, uninterrupted, timely, or free of errors or risks.
Littio will make all reasonable efforts to ensure that requests for debits and credits related to the Services are processed in a timely manner. Notwithstanding the above, Littio makes no representations or warranties regarding the amount of time required to complete the processing for each transaction.
Anyone using the Services, by merely doing so, expressly states and acknowledges that Littio, nor its employees, collaborators, representatives, administrators, and shareholders, will be liable for any loss of profit or any other consequential, special, indirect, or incidental damages arising from or related to the aforementioned.
Littio in the development of activities related to the Services has implemented processes and procedures aimed at ensuring the greatest possible security for users of the Services. Notwithstanding the above, this does not imply that the Services are free from the various risks associated with performing operations with digital assets that have characteristics similar to those that are the subject of the Services. Therefore, anyone who uses the Services, by the mere act of doing so, accepts and acknowledges that they do so at their own risk.
The operation of the Services may be affected by numerous factors beyond Littio's control. In accordance with the above, Littio does not guarantee or ensure that access to any component of the Services will be continuous, uninterrupted, timely, or free of errors or risks.
Littio will make all reasonable efforts to ensure that debit and credit requests related to the Services are processed in a timely manner. Notwithstanding the above, Littio makes no representations or warranties regarding the amount of time necessary to complete the corresponding processing for each operation.
Anyone who uses the Services, by the mere act of doing so, expressly states and acknowledges that Littio, nor its employees, collaborators, representatives, managers, and shareholders, will be liable for any loss of profit or other consequential, special, indirect, or incidental damages that arise or are related to the aforementioned.
Littio in the development of activities related to the Services has implemented processes and procedures aimed at ensuring the greatest possible security for users of the Services. Notwithstanding the above, this does not imply that the Services are free from the various risks associated with conducting operations with digital assets that have characteristics identical and/or similar to those which are the subject of the Services. Therefore, anyone using the Services, by the mere act of doing so, accepts and acknowledges that they do so at their own risk.
The operation of the Services may be affected by numerous factors beyond Littio's control. Accordingly, Littio does not guarantee or assure that access to any component of the Services will be continuous, uninterrupted, timely, or free of errors or risks.
Littio will make all reasonable efforts to ensure that requests for debits and credits related to the Services are processed in a timely manner. Notwithstanding the above, Littio makes no representations or warranties regarding the amount of time necessary to complete the corresponding processing for each operation.
Anyone using the Services, by the mere act of doing so, expressly states and acknowledges that Littio, nor its employees, collaborators, representatives, administrators, and shareholders, will not be responsible for the loss of profit or other consequential, special, indirect, or incidental damages arising from or related to the aforementioned.
16. Information and third-party websites
The Services may offer hyperlinks or access to web pages and content of other people or entities, for the purpose of informing users of the Services about the existence of other sources likely to expand the content they offer, or that relate to those.
Anyone who uses the Services, by the mere act of doing so, acknowledges that Littio does not control, verify, or guarantee the content included in such sites, nor is it responsible for the operation or accessibility of the web pages and content of other people or entities. Likewise, they affirm that they understand that Littio does not suggest, invite, or recommend visiting the web pages and content of other people or entities.
Anyone who uses the Services, by the mere act of doing so, recognizes and accepts that Littio is not responsible in any way for any content, link, resource, or service related directly or indirectly to a third-party site. Anyone who uses the Services, by the mere act of doing so, acknowledges and accepts that Littio will not be liable for any loss or damage of any kind arising from the use of content and/or services from a third party.
The Services may offer hyperlinks or access to web pages and content from other people or entities, for the purpose of informing users of the Services about the existence of other sources that may expand the content they offer, or that are related to it.
Anyone who uses the Services, by the mere act of doing so, acknowledges that Littio does not control, endorse, or guarantee the content included in such sites, nor is it responsible for the operation or accessibility of web pages and content from other people or entities. Likewise, they state that they understand that Littio does not suggest, invite, or recommend visiting the web pages and content of other people or entities.
Anyone who uses the Services, by the mere act of doing so, acknowledges and accepts that Littio is not responsible in any way for any content, link, resource, or service related directly or indirectly to a third party's site. Anyone who uses the Services, by the mere act of doing so, acknowledges and accepts that Littio will not be liable for any loss or damage of any kind resulting from the use of the content and/or services of a third party.
The Services may offer hyperlinks or access to web pages and content from other people or entities, for the purpose of informing users of the Services about the existence of other sources that may expand the content they offer, or that are related to them.
Whoever uses the Services, by merely doing so, acknowledges that Littio does not control, endorse, or guarantee the content included on such sites, nor is it responsible for the operation or accessibility of web pages and content from other people or entities. Likewise, they acknowledge that they understand that Littio does not suggest, invite, or recommend visiting the web pages and content of other people or entities.
Whoever uses the Services, by merely doing so, acknowledges and agrees that Littio is not responsible in any way for any content, link, resource, or service related directly or indirectly to a third-party site. Whoever uses the Services, by merely doing so, acknowledges and agrees that Littio will not be liable for any loss or damage of any kind arising from the use of content and/or services from a third party.
17. Communications
Anyone who uses the Services, by the mere act of doing so, acknowledges and accepts that all communications related to the use or access to the Services and/or their relationship with Littio may be provided or made known to them electronically (including, but not limited to, mechanisms such as email, text messages, or communications through the platforms or interfaces of the Services).
Electronic communications will be considered received by anyone who uses the Services when delivery is made in the following manner: (i) Communicating them through an account enabled for the use of the Services; (ii) Communicating them through a website or mobile application associated with us or the Services; (iii) Communicating them by email to the email address used to register for the Services; or (iv) Communicating them by text message to the phone number used to register for the Services.
In accordance with the above, it will be the exclusive responsibility of anyone who uses the Services to open and review the communications that we deliver through any of the methods described above. Likewise, it will be the exclusive responsibility of anyone who uses the Services to keep their primary email address and registered mobile number updated so that we can communicate with you on the terms previously indicated. Thus, if we send you a communication, but it is not received as a result of the corresponding primary email address or registered mobile number with us being incorrect, outdated, or blocked by the respective provider, it will be considered that the communication was duly delivered.
Account holders associated with the Services may communicate with Littio through the mechanisms enabled for that purpose in the Services or via email to soporte@littio.co.
Whoever uses the Services, by the mere act of doing so, acknowledges and accepts that all communications related to the use or access to the Services and/or their relationship with Littio may be provided or made known to them electronically (including, but not limited to mechanisms such as email, text messages, or communications through the platforms or interfaces of the Services).
The electronic communications will be considered received by whoever uses the Services when delivery is carried out in the following manner: (i) Communicating them through an account enabled for the use of the Services; (ii) Communicating them through a website or mobile application associated with us or the Services; (iii) Communicating them by email to the email address used to register for the Services; or (iv) Communicating them by text message to the phone number used to register for the Services.
Accordingly, it will be the exclusive responsibility of whoever uses the Services to open and review the communications that we deliver through any of the methods described above. Likewise, it will be the exclusive responsibility of whoever uses the Services to keep their primary email address and registered mobile number updated so we can communicate with you under the terms previously indicated. Thus, if we send you a communication, but it is not received due to the corresponding primary email address or registered mobile number being incorrect, outdated, or blocked by the respective provider, it will be considered that the communication was duly delivered.
Account holders associated with the Services may communicate with Littio through the mechanisms enabled for that purpose in the Services or through the email soporte@littio.co.
Anyone who uses the Services, by doing so, acknowledges and agrees that all communications related to the use or access to the Services and/or their relationship with Littio may be provided or made known to them electronically (including, but not limited to mechanisms such as email, text messages, or communications through the platforms or interfaces of the Services).
Electronic communications will be considered received by anyone using the Services when delivery is made in the following manner: (i) Communicating them through an account enabled for the use of the Services; (ii) Communicating them through a website or mobile application associated with us or the Services; (iii) Communicating them by email to the email address used to register for the Services; or (iv) Communicating them by text message to the phone number used to register for the Services.
Accordingly, it will be the exclusive responsibility of anyone using the Services to open and review the communications that we deliver through any of the methods described above. Likewise, it will be the exclusive responsibility of anyone using the Services to keep their primary email address and registered mobile number updated so that we can communicate with you under the previously indicated terms. Thus, if we send you a communication, but it is not received as a consequence of the respective primary email address or registered mobile number being incorrect, outdated, or blocked by the respective provider, it will be considered that the communication was duly delivered.
Account holders associated with the Services may contact Littio through the mechanisms enabled for this purpose in the Services or via email at soporte@littio.co.
Anyone using the Services, by the mere act of doing so, acknowledges and accepts that all communications related to the use or access of the Services and/or their relationship with Littio may be provided or made known to them electronically (including, but not limited to mechanisms such as email, text messages, or communications through the platforms or interfaces of the Services).
Electronic communications will be deemed received by anyone using the Services when delivery occurs in the following manner: (i) Communicating them through an account enabled for the use of the Services; (ii) Communicating them through a website or mobile application associated with us or the Services; (iii) Communicating them by email to the email address used to register for the Services; or (iv) Communicating them by text message to the phone number used to register for the Services.
Accordingly, it shall be the exclusive responsibility of anyone using the Services to open and review the communications we deliver through any of the methods described above. Likewise, it shall be the exclusive responsibility of anyone using the Services to maintain their primary email address and registered mobile number updated so that we can communicate with you under the previously indicated terms. Thus, if we send you a communication, but it is not received as a consequence of the corresponding primary email address or registered mobile number with us being incorrect, outdated, or blocked by the respective provider, it will be considered that the communication was properly delivered.
Account holders associated with the Services may contact Littio through the mechanisms enabled for this purpose in the Services or via email at soporte@littio.co.
18. Electronic invoicing
Anyone who uses the Services, merely by doing so, voluntarily acknowledges and expressly accepts that, in relation to the formal duty to issue electronic sales invoices in accordance with the provisions of the current regulations governing the matter, authorizes Littio to deliver the electronic invoices that must be issued in relation to the digital assets acquired through the Services via the “littio” application, through which the Services are available, as established below.
18.1 Start Date
The date from which the provisions of this clause will be applicable will be the effective date of these T&C and will apply to electronic invoices that must be issued in relation to the digital assets acquired through the Services via the “littio” application that have not been issued by that date.
18.2 Causes for Termination
The provisions of this clause will have termination causes as foreseen in these T&C for the cancellation of the Services. For this reason, the provisions of this clause will remain in effect as long as the Services are being used by the corresponding user.
18.3 Participants in the Process
For clarity, it is understood that the participants in the electronic invoicing process referred to in this clause will be: (i) The user of the services as the acquirer; and (ii) Littio as the obligated party to issue invoices. Likewise, Littio will use the authorized providers for the issuance of electronic invoices that it deems appropriate at any given time.
18.4 Sales Transactions to which it Applies
The provisions of this clause apply in relation to the digital assets acquired through the Services via the “littio” application, through which the Services are available.
18.5 Issuance
Littio will issue the electronic invoice electronically according to its internal processes and once issued, it will make it available to the acquiring user through the Services.
18.6 Delivery
Littio will publish the electronic invoice related to the sales referred to in this clause in the Services once the sale is completed. It will be the responsibility of the acquiring user to check the corresponding electronic invoices through the Services.
18.7 Acceptance
Once the electronic invoice is delivered under the terms provided herein, the acquiring user may verify its information to determine if they wish to reject it or not. If the acquiring user does not expressly indicate that they reject the invoice within 3 business days following its delivery through the means enabled for this purpose via the Services or, if not, by communication sent to the communication channels provided in these T&C, it will be understood that it has been accepted.
18.8 Conservation
The electronic invoices related to the sales operations referred to in this clause will be kept by Littio and by the authorized providers for the issuance of electronic invoices that are used at any given moment, ensuring in all cases the suitability and veracity of the same. Electronic conservation format: (i) for the graphical representation of the electronic invoice, the PDF format will be used; and (ii) for the structured data comprising the tax document for electronic invoicing purposes, the XML format will be used.
18.9 Display
The electronic invoices will be available to acquiring users through the Services. If the acquiring user wishes so, they may request a copy of them by communication sent to the communication channels provided in these T&C.
18.10 Information Technology Used
The technological platform used by Littio is mobile-based available for the iOS and Android operating systems. The user must have a good internet connection; the software requirements to view their invoice are: to have the most recent version of the “littio” application available in the Google Play stores for Android or PlayStore for iOS so that they can correctly view and download their invoice.
In accordance with the above, anyone who uses the Services understands and expressly accepts that, by accepting these T&C, they exempt Littio from delivering the electronic invoices that must be issued in relation to the digital assets acquired through the Services via any channel other than the “littio” application, through which the Services are available.
Whoever makes use of the Services, by the mere fact of doing so, voluntarily acknowledges and expressly accepts that, in relation to the formal duty to issue electronic sales invoices in accordance with the provisions of the current regulations governing the matter, authorizes Littio to deliver the electronic invoices that should be issued in relation to the digital assets acquired through the Services via the "littio" application, through which the Services are available, in accordance with what is established below.
18.1 Start Date
The date from which the provisions of this clause will be applicable will be the date of entry into force of these T&C, and will apply to the electronic invoices that should be issued in relation to the digital assets acquired through the Services via the "littio" application that have not been issued by that date.
18.2 Causes for Termination
The provisions in this clause will have as causes for termination those provided in these T&C for the cancellation of the Services. Therefore, the provisions in this clause will remain in effect as long as the Services continue to be used by the corresponding user.
18.3 Participants in the Process
For clarity, it is understood that the participants in the electronic invoicing process referenced in this clause will be: (i) The user of the services as the purchaser; and (ii) Littio as the obligated party to invoice. Likewise, Littio will use the authorized providers for issuing electronic invoices that it deems appropriate at each moment.
18.4 Sale Operations to Which it Applies
The provisions in this clause apply in relation to the digital assets acquired through the Services via the "littio" application, through which the Services are available.
18.5 Issuance
Littio will issue the electronic invoice electronically in accordance with its internal processes and once issued, will make it available to the purchasing user through the Services.
18.6 Delivery
Littio will publish the electronic invoice related to the sales referenced in this clause in the Services once the sale has been completed. It will be the responsibility of the purchasing user to consult the corresponding electronic invoices through the Services.
18.7 Acceptance
Once the delivery of the electronic invoice is carried out under the terms provided here, the purchasing user may verify its information to determine whether they wish to accept or reject it. If the purchasing user does not expressly indicate that they reject the invoice within 3 business days following its delivery through the designated means for this purpose via the Services or, failing that, by sending communication to the communication channels provided in these T&C, it will be understood that it has been accepted.
18.8 Retention
The electronic invoices related to the sale operations referenced in this clause will be retained by Littio and by the authorized providers for issuing electronic invoices that are used at each moment, guaranteeing in all cases their suitability and veracity. Electronic retention format: (i) for the graphical representation of the electronic invoice, the PDF format will be used; and (ii) for the structured data that constitute the tax document for electronic invoicing purposes, the XML format will be used.
18.9 Display
The electronic invoices will be available to purchasing users through the Services. If the purchasing user so wishes, they may request a copy of them by sending communication to the communication channels provided in these T&C.
18.10 Information Technology Used
The technological platform used by Littio is mobile-based, available for iOS and Android operating systems. The user must have a good internet connection; the software requirements to view the invoice are: having the latest version of the "littio" application available in the Google Play Store for Android or Play Store for iOS so that they can correctly view and download their invoice.
In accordance with the above, whoever makes use of the Services understands and expressly accepts that, by accepting these T&C, they exempt Littio from delivering the electronic invoices that should be issued in relation to the digital assets acquired through the Services by any channel other than the "littio" application, through which the Services are available.
Whoever makes use of the Services, by the mere act of doing so, voluntarily acknowledges and expressly accepts that, in relation to the formal obligation to issue electronic sales invoices in accordance with the provisions of the current regulations governing the matter, authorizes Littio to deliver the electronic invoices that must be issued in connection with the digital assets acquired through the Services via the "littio" application, through which the Services are available, according to the provisions set forth below.
18.1 Start Date
The date from which the provisions of this clause will be applicable shall be the date of entry into force of these T&C and shall apply to the electronic invoices that must be issued in relation to the digital assets acquired through the Services via the "littio" application that have not been issued by that date.
18.2 Causes for Termination
The provisions in this clause will have as causes for termination those provided in these T&C for the cancellation of the Services. Therefore, the provisions in this clause will remain in effect as long as the Services continue to be used by the corresponding user.
18.3 Participants in the Process
For clarity, it is understood that the participants in the electronic invoicing process referred to in this clause will be: (i) The user of the services as the purchaser; and (ii) Littio as the obligated party to invoice. Likewise, Littio will use the qualified suppliers for issuing electronic invoices that it deems appropriate at any given time.
18.4 Sales Operations to which it Applies
The provisions in this clause apply in relation to the digital assets acquired through the Services via the "littio" application, through which the Services are available.
18.5 Issuance
Littio will issue the electronic invoice electronically according to its internal processes and once issued, will make it available to the purchasing user through the Services.
18.6 Delivery
Littio will publish the electronic invoice related to the sales referenced in this clause in the Services once the sale is completed. It will be the responsibility of the purchasing user to consult the corresponding electronic invoices through the Services.
18.7 Acceptance
Once the delivery of the electronic invoice is made in the terms provided herein, the purchasing user may verify the information therein to determine whether they wish to reject it or not. If the purchasing user does not expressly indicate their rejection of the invoice within 3 working days following its delivery through the means enabled for that purpose through the Services or, failing that, by communication sent to the communication channels provided in these T&C, it shall be understood that the invoice has been accepted.
18.8 Retention
The electronic invoices related to the sales operations referred to in this clause will be retained by Littio and by the qualified suppliers for issuing electronic invoices that are used at any time, ensuring in all cases the adequacy and veracity of the same. Electronic retention format: (i) for the graphical representation of the electronic invoice, the PDF format will be used; and (ii) for the structured data that compose the tax document for electronic invoicing purposes, the XML format will be used.
18.9 Display
The electronic invoices will be available to the purchasing users through the Services. If the purchasing user so wishes, they may request a copy of them by communicating through the communication channels provided in these T&C.
18.10 Information Technology Used
The technological platform used by Littio is mobile-based and available for iOS and Android operating systems. The user must have a good internet connection; the software requirements for them to be able to view their invoice are: having the latest version of the "littio" application available in the Google Play stores for Android or PlayStore for iOS to view and download their invoice correctly.
In accordance with the above, whoever makes use of the Services understands and expressly accepts that by accepting these T&C, they exempt Littio from delivering the electronic invoices that must be issued in connection with the digital assets acquired through the Services by any means other than the "littio" application, through which the Services are available.
19. Unique agreement
The present T&C constitute the entirety of the understanding and agreement between the parties regarding the subject matter hereof, and supersede all prior conversations, agreements, and understandings of any kind (including, without limitation, any previous version of these T&C) and of any nature between the parties.
20. Successors and assignees
The provisions of these T&C will be binding on and inure to the benefit of the parties hereto and their respective successors and assigns, provided that neither party may assign or otherwise transfer, directly or indirectly, any of their respective rights or obligations under these T&C, nor their contractual position, without the consent of the other party. In any case, Littio may freely assign its respective rights or obligations under and/or its contractual position in these T&C to any of its affiliated parties. Likewise, Littio may subcontract in whole or in part any management related to the Services.
21. Divisibility
If any term, provision, agreement, or obligation of these Terms and Conditions (T&C) is deemed invalid, void, ineffective, unenforceable or not legally binding by a court of competent jurisdiction or any other governmental authority, the remaining provisions, agreements, and obligations of these T&C shall remain in full force and effect and shall not be considered invalid, void, ineffective, unenforceable, or not legally binding in any way, provided that the economic and legal essence of the transactions herein contemplated is not adversely affected in any substantial manner for any of the parties. In the event of such a court decision by a court of competent jurisdiction or any other governmental authority, the parties shall negotiate in good faith to amend these T&C in order to come as close as possible to the original intent of the parties in a manner satisfactory to them, so that the transactions contemplated herein may be consummated to the greatest extent possible as originally contemplated.
22. Resignation
No waiver shall operate or be interpreted as a waiver with respect to any breach that has not been expressly identified by such waiver in writing, whether of a similar or different nature, and whether occurring before or after such waiver. No abstention from the exercise, or delay in the exercise, of any right, remedy, prerogative, or privilege arising from these T&C shall operate or be interpreted as a waiver of these; nor shall any individual or partial exercise thereof preclude any subsequent exercise of such rights, remedies, prerogatives, or privileges or the exercise of any other right, remedy, prerogative, or privilege.
No waiver shall operate or be construed as a waiver with respect to any breach that has not been expressly identified by such waiver in writing, whether of a similar or different character, and whether occurring before or after that waiver. No abstention in the exercise, or delay in the exercise, of any right, remedy, prerogative, or privilege arising from these T&C shall operate or be construed as a waiver of these; nor shall any individual or partial exercise of these preclude any subsequent exercise of such rights, remedies, prerogatives, or privileges or the exercise of any other right, remedy, prerogative, or privilege.
No waiver shall operate or be construed as a waiver with respect to any breach that has not been expressly identified by such waiver in writing, whether of a similar or different character, and whether it occurs before or after such waiver. No abstention in the exercise, or delay in the exercise, of any right, remedy, prerogative or privilege arising from these T&C shall operate or be construed as a waiver thereof; nor shall any individual or partial exercise of any of these prevent any subsequent exercise of such rights, remedies, prerogatives or privileges or the exercise of any other right, remedy, prerogative or privilege.
23. Survival
All the provisions of these T&C that, by their nature, extend beyond the expiration or termination of the legal relationship arising from their acceptance shall survive the termination or expiration thereof.
24. Applicable law
These T&C will be governed by and construed in accordance with the laws of the Republic of Colombia.
25. Dispute resolution
The parties agree that for the resolution of any controversy arising under this Contract or regarding the interpretation, execution, compliance, termination, and/or settlement of this Contract, the following procedure shall be exhausted for the resolution that may arise:
a) Amicable Solution: The parties will resolve the differences and/or conflicts that arise between them regarding the content and scope of the provisions contained in these T&C amicably through good faith discussions, for a maximum period of 15 business days counted from the date on which either party has notified the other in writing about the existence and reasons for the conflict. The above shall not be understood as a limitation or restriction on the administration of justice and, therefore, the parties may exercise the actions that are legally theirs.
b) Ordinary Justice: Any disagreement or controversy arising from the Services subject to these T&C will be submitted to the ordinary justice of the judges and courts of the city of Bogotá D.C.
The parties agree that for the resolution of any controversy arising under this Contract or regarding the interpretation of this Contract, its execution, compliance, termination, and/or settlement, the following procedure will be exhausted for the resolution that may arise:
a) Amicable Resolution: The parties will resolve the differences and/or conflicts that arise between them due to the content and scope of the provisions contained in these T&C amicably through good faith discussions, during a maximum period of 15 business days counted from the date on which either party has notified the other in writing about the existence and reasons for the conflict. The above shall not be understood as a limitation or restriction on the administration of justice, and therefore, the parties may exercise the actions that they are entitled to by law.
b) Ordinary Justice: Any disagreement or controversy arising from the Services subject to these T&C will be submitted to the ordinary justice of the judges and courts of the city of Bogotá D.C.
The parties agree that for the resolution of any controversy arising under this Contract or regarding the interpretation of this Contract, its execution, compliance, termination, and/or settlement, the following procedure will be exhausted for the resolution that may arise:
a) Amicable Resolution: The parties will resolve the differences and/or conflicts that arise between them concerning the content and scope of the provisions contained in these T&C amicably by advancing good faith discussions, during a maximum period of 15 business days counted from the date on which either party has notified the other in writing about the existence and reasons for the conflict. The above shall not be understood as a limitation or restriction to the administration of justice and, therefore, the parties may exercise the actions that they are entitled to by law.
b) Ordinary Justice: Any disagreement or controversy arising from the Services subject to these T&C will be submitted to the ordinary justice of the judges and courts of the city of Bogotá D.C.
26. Validity
These T&C are in effect since August 2, 2023, and apply to all Services executed from the date of their publication and onwards.
These T&C may be modified from time to time by Littio, and such modifications will be deemed applicable to the Services executed from the corresponding modification.
These Terms & Conditions are in effect since August 2, 2023, and apply to all Services performed from the date of their publication and onwards.
These Terms & Conditions may be modified from time to time by Littio, and such modifications shall be deemed applicable to the Services performed from the corresponding modification.
These T&C are in effect as of August 2, 2023, and apply to all Services executed from the date of their publication and onward.
The present T&C may be modified from time to time by Littio, and such modifications will be understood to apply to the Services executed from the corresponding modification.
Support
© Littio - All rights reserved.
Selenio S.A.S. (“Littio Colombia”) (i) does not provide or offer financial services nor carries out any type of activity typical of financial entities that require authorization for their operation, (ii) does not engage in fundraising activities in accordance with Colombian regulations. The digital assets available in the services offered by Littio Colombia are not recognized as legal tender in accordance with Colombian regulations. By using the services of Littio Colombia, users explicitly acknowledge that they understand the particularities and risks associated with them as established in the Terms and Conditions available on this website.
Support
© Littio - All rights reserved.
Selenio S.A.S. (“Littio Colombia”) (i) does not provide or offer financial services nor carries out any type of activity typical of financial entities that require authorization for their operation, (ii) does not engage in fundraising activities in accordance with Colombian regulations. The digital assets available in the services offered by Littio Colombia are not recognized as legal tender in accordance with Colombian regulations. By using the services of Littio Colombia, users explicitly acknowledge that they understand the particularities and risks associated with them as established in the Terms and Conditions available on this website.
Support
© Littio - All rights reserved.
Selenio S.A.S. (“Littio Colombia”) (i) does not provide or offer financial services nor carries out any type of activity typical of financial entities that require authorization for their operation, (ii) does not engage in fundraising activities in accordance with Colombian regulations. The digital assets available in the services offered by Littio Colombia are not recognized as legal tender in accordance with Colombian regulations. By using the services of Littio Colombia, users explicitly acknowledge that they understand the particularities and risks associated with them as established in the Terms and Conditions available on this website.