Privacy Policy
Last updated: January 6, 2025
1. Introduction
Peace Wallet ("we", "our", "us") is committed to protecting your privacy. This Privacy Policy explains how we collect, use, disclose, and protect your information when you use our mobile application and related services.
By using Peace Wallet Services, you agree to the collection and use of information in accordance with this policy. This Privacy Policy is an integral part of our Terms and Conditions.
2. Information We Collect
By registering with Peace Wallet and opening an account, you agree to provide your personal information. Personal information collected includes but is not limited to:
- Name and date of birth
- National identity number (NID) or passport
- Phone number and email address
- Residential address
- Photograph (selfie) for identity verification
- Device information and IP address
- Transaction history and account information
3. How We Use Your Information
The information collected will be used to:
- Verify your identity and complete KYC requirements
- Detect money laundering, terrorist financing, fraud, and other economic crimes
- Process transactions and manage your account
- Communicate with you about your account and our services
- Comply with legal and regulatory requirements
- Improve our services and user experience
4. Identity Verification
Peace Wallet is entitled to contact you directly or through a third party to verify your identity and prevent economic crimes. To verify your identity, we may obtain information including but not limited to: your name, email address, contact information, phone number, and identification documents.
5. Information Sharing and Disclosure
Peace Wallet shall have the right to store and use account transaction information and other relevant information. Account information may be accessed, disclosed, or used in cases where it is relevant to:
- Criminal investigations and pending legal proceedings
- Court orders and decisions of judicial bodies
- Orders and decisions of law enforcement agencies
- Orders and decisions of government authorities
- Compliance with applicable laws and regulations
6. Third Party Providers
We may engage trusted third-party service providers to assist in providing our Services, including identity verification, data hosting, and transaction monitoring. These providers are contractually obligated to protect your information.
7. Data Security
Peace Wallet implements security measures to protect your information from unauthorized access, alteration, disclosure, or destruction. We use encryption technologies and follow industry practices to safeguard your data.
8. Data Retention
We retain your personal information for as long as your account is active and for a period thereafter as required by applicable laws and regulations. After the applicable retention period, your information will be securely deleted or anonymized.
9. Your Rights
Subject to applicable law, you have the right to:
- Access the personal information we hold about you
- Request correction of inaccurate information
- Request deletion of your information (subject to legal requirements)
- Withdraw consent for marketing communications
10. Account Breach and Policy Violations
If any account is found to be in breach of the Terms of Services, Privacy Policy, AML Policy, and applicable laws and regulations, Peace Wallet will be entitled to immediately close the account, lock all funds in the account, and suspend access to the Peace Wallet services.
11. Changes to This Privacy Policy
Peace Wallet will post this Privacy Policy and any amendments to it on its platform and announce it from time to time. Your continued use of Peace Wallet Services after any modifications constitutes your acceptance of the updated Privacy Policy.
12. Contact Us
If you have any questions regarding this Privacy Policy, please contact us: