Terms of
service.

1. Acceptance of Terms and Conditions

By registering on Abroad's platform or using any of its services, you fully and expressly accept these Terms and Conditions and agree to comply with them in their entirety. Acceptance implies that you have read, understood, and agreed to both these Terms and Conditions and our Privacy Policy.

You represent and warrant that:

• You will comply with all provisions contained in these Terms and Conditions.
• If acting as a natural person, you are of legal age, have full legal capacity to contract, act on your own behalf, use funds and assets originating from lawful activities, and will not use the Platform for unlawful or prohibited activities.
• If acting for a legal entity, you have authority to act, the entity is duly incorporated and operates lawfully, and its funds come from lawful sources.
• You will not use the Platform or Abroad’s services for criminal, fraudulent, or illegal acts, including money laundering, terrorist financing, or proliferation of weapons of mass destruction (AML/CTF/WMDP).
• Neither you, the entity you represent, its directors, partners, nor ultimate beneficial owners are under investigation or sanctions relating to AML/CTF/WMDP matters.
• You will safeguard access credentials and prevent unauthorised third-party use.
• The wallet used for sending or receiving virtual assets is owned by you, or you are its legitimate or authorised custodian.
• You reside in a jurisdiction where Abroad is not restricted or prohibited.
• You will provide truthful, accurate, and current KYC/KYB documentation.
• You will not attack, interfere with, or undermine the Platform’s operation, security, or integrity.

2. Definitions

• Virtual Asset: A digital representation of value, such as USDC or USDT, that can be electronically transferred, stored, or used as a medium of exchange or investment without being backed by central-bank-issued fiat currency.
• Ultimate Beneficial Owner (UBO): A natural person who directly or indirectly owns or controls 5% or more of a legal entity or has substantial influence over its management or decisions.
• Client: A natural or legal person approved to access Abroad’s services within the technological integration ecosystem.
• User: A natural or legal person who, directly or through an authorised Client, submits or receives instructions relating to conversion between virtual assets and fiat currency.
• Business Day: A day other than Saturday, Sunday, or a public holiday in the jurisdiction where the transaction is carried out.
• Due Diligence Process: Procedures used by Abroad to identify, verify, and monitor Clients and Users and understand the origin and destination of funds.
• Enhanced Due Diligence: Additional verification measures applied when high-risk indicators are present.
• Fiat Currency: Government-issued currency recognised as legal tender, including GBP, USD, and EUR.
• AML/CTF/WMDP: Anti-Money Laundering, Counter-Terrorist Financing, and the Proliferation of Weapons of Mass Destruction.
• Platform: Abroad’s digital infrastructure for initiating, processing, and managing conversions between fiat currency and virtual assets.
• Technology Usage Fee: The fee charged for use of Abroad’s digital infrastructure, which may be updated through notice on the Platform.
• Services: Abroad functionalities enabling on-ramp and off-ramp operations and access to digital intermediation infrastructure.
• USDC / USDT: Stablecoins pegged to the US dollar and accepted by Abroad for processing transactions.
• Conversion Rate: The exchange rate communicated to the User for a conversion.
• Wallet: A digital tool storing and managing private keys used to interact with virtual assets.
• Abroad Infrastructure: The technological, logical, and operational components managed by Abroad to provide digital intermediation services.

3. Infrastructure and services

Abroad operates specialised technological infrastructure through Abroad Financial Technologies to facilitate conversion transactions between virtual assets and fiat currency under a digital intermediation model governed by civil mandate principles. These services do not involve public deposit-taking or constitute regulated financial activity.

Clients may submit on-ramp and off-ramp instructions through B2B or B2B2C models. Instructions are processed using Abroad’s infrastructure under secure and traceable conditions.

3.1 Infrastructure architecture

Abroad uses a hybrid cloud service model with modular and scalable architecture, dynamic computing resources, operational continuity, fault tolerance, and capacity to scale without interruption. Security measures include strong authentication, transaction monitoring, and blockchain-based traceability.

3.2 Modes of operation

• Own behalf: The Client submits conversion instructions using a verified wallet and bank account registered in their name.
• On behalf of Users: The Client acts as a technology integrator. Wallets and bank accounts must belong to the User or an authorised custodian and be verified and approved.
• Direct User operation: Where permitted, Users may submit instructions directly using verified means.

3.3 Registered bank accounts and instructions

Fiat transactions must be sent from or received into accounts registered and verified under the Client’s or User’s profile. If an amount differs from the instruction, Abroad may execute for the received amount, refund the total, or refund the excess after applicable costs.

Funds received from an unregistered wallet or account will be returned only to a registered account, minus applicable fees. Abroad may set operational minimums, maximums, daily limits, and frequency limits. Instructions must be submitted through official channels.

Instructions will be executed only upon timely receipt of the corresponding funds. If funds arrive outside the expected timeframe, Abroad may decline and return them or execute using the updated conversion rate.

3.4 Acceptance and irrevocability

Instructions are not accepted or executable until verified and approved by Abroad and full receipt of the corresponding funds is confirmed. Once submitted through authorised channels, they are firm, final, and irrevocable.

Abroad may cancel, reverse, or refuse an instruction because of legal obligations, regulatory requests, evident errors, technical issues, suspected fraud or abuse, AML/CTF/WMDP alerts, or risk to Abroad, users, or the Platform. Refunds may be reduced by fees or operational costs incurred.

3.5 Nature of the service

Abroad provides digital infrastructure for technological intermediation. Abroad is not a financial institution and does not conduct activities reserved for regulated financial entities. Any exceptional advance of virtual assets or fiat funds does not constitute credit, a deposit, or financial intermediation. Abroad does not provide financial, investment, or legal advice.

4. Risks related to virtual assets

By using Abroad’s technological services, the Client acknowledges and accepts the inherent risks associated with virtual assets, including:

• High volatility: Prices may fluctuate significantly and cause immediate losses.
• Operational and technological risks: Wallet, storage, blockchain, network, and third-party failures may cause partial or total loss.
• Key and wallet security: The Client is solely responsible for private keys and authentication. Abroad cannot recover lost or stolen funds.
• No government guarantee: Virtual assets are not backed by central banks or protected by deposit insurance.

The Client releases Abroad, its directors, employees, partners, and providers from liability for losses, operational errors, or direct or indirect damage arising from virtual assets or Abroad’s infrastructure.

4.1 Digital asset transactions

Abroad’s security procedures cannot eliminate technological failures, blockchain vulnerabilities, cybercrime, or market volatility. The Client confirms that they understand and accept these risks. Terms and Services may change to reflect legal or regulatory developments.

4.2 No financial advice

Information provided through the Platform is for informational purposes only and is not investment advice. Abroad does not solicit or recommend specific actions. Users remain responsible for their decisions.

5. Accounts

5.1 Verification, due diligence, and monitoring

The Client authorises Abroad to validate, analyse, and continuously monitor information for standard and enhanced due diligence and transactional monitoring aimed at mitigating money laundering, terrorism financing, weapons proliferation, and fraud risks.

Clients acting for Users confirm they are legally authorised to share relevant personal, financial, and operational information. Clients must keep information complete and current, report material changes promptly, and provide additional documents requested by Abroad or authorities.

5.2 Authorised use

Services may be used only by the authorised Client, directly or for verified Users. The Client is responsible for instructions issued from the account and must report unauthorised access immediately. Legal entities may grant access only to authorised and validated representatives. Individual accounts are personal unless delegation is reported and approved.

6. Termination or suspension of services

Abroad’s services are provided for an indefinite term. Abroad may suspend, restrict, or terminate access without prior notice and without liability because of:

• Breach of these Terms and Conditions.
• Reasonable suspicion of misuse, fraud, or illegal activity.
• Suspicious instructions or transactions triggering compliance alerts.
• Regulatory or legal requests.
• Failure to update or provide required documents.

Abroad may retain information necessary to satisfy legal obligations after access is blocked or terminated.

7. Billing

7.1 Invoicing

Abroad may issue electronic invoices for use of its technological infrastructure based on services provided and the applicable rates at each transaction. The Client agrees to electronic invoicing and must keep contact information current.

7.2 Tax and regulatory compliance

The Client is solely responsible for tax, reporting, currency-control, and foreign-exchange obligations, including declaring income, expenses, and international transfers. Abroad does not provide tax advice, act as tax agent, or file on the Client’s behalf.

7.3 Taxes, regulatory charges, and indemnity

Taxes, fees, levies, duties, and other fiscal burdens arising from use are the Client’s responsibility. The Client agrees to indemnify Abroad, its directors, employees, shareholders, and advisers against claims, penalties, losses, or expenses resulting from failure to meet those obligations.

8. Intellectual property

All Platform content, software, infrastructure, design elements, source code, interfaces, trademarks, documentation, and workflows are Abroad’s exclusive property or licensed for its use. Acceptance of these Terms grants no right to use, reproduce, distribute, or modify Abroad intellectual property.

Reverse engineering, reuse of code or architecture, unauthorised reproduction or distribution, and registration or use of confusingly similar marks may result in termination and legal action.

9. Service availability

Availability may be affected by third-party disruption, internet and cloud services, blockchain networks, payment-system interruptions, network congestion, maintenance, and force majeure. Abroad does not guarantee uninterrupted or error-free availability and is not liable for losses caused by interruptions. Abroad will implement reasonable contingency and recovery measures and provide notice where possible.

10. Privacy

Data processing connected with the Services is subject to Abroad’s Privacy Policy, the UK General Data Protection Regulation, and the Data Protection Act 2018.

11. Confidentiality

Confidential Information includes technical, financial, legal, strategic, or commercial information, know-how, customer and partner data, and materials shared before, during, or after service usage. Unauthorised disclosure may result in liability, injunctive relief, and compensation.

12. Limitation of liability

The Client uses the services at their own risk. Abroad does not guarantee uninterrupted, error-free, or timely access. Abroad and its directors, employees, representatives, and shareholders are not liable for lost profits or indirect, special, or consequential damages related to the Platform or Services.

13. Governing law

These Terms and Conditions are governed by the laws of England and Wales. Disputes are subject to the exclusive jurisdiction of the courts of England and Wales.

14. Changes to Terms and Conditions

Abroad may modify, update, or revise these Terms to reflect changes in operations, laws, or market conditions. Material changes will be communicated through the Platform or registered email address where possible. Continued use after notice constitutes acceptance of the updated Terms.