Privacy Policy

Privacy Policy | WorldDex - World Blockchain Bank

 

Welcome to World Blockchain Bank!

Our Commitment to Privacy:

At www.worlddex.org your privacy is paramount. We ensure a secure online experience and do not collect, store, or process personal data from our website visitors for browsing purposes.

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Cookie-Free Browsing Experience:

 

We proudly operate a cookie-free website. We do not employ cookies or any other tracking technologies. This ensures that your visit to our website is private and unmonitored.

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Compliance and Transparency:

 

Our operations fully comply with the privacy laws applicable in the European Economic Area (EEA) and the UK. Despite not using cookies or collecting personal data during general browsing, we are committed to maintaining the highest standards of internet privacy and transparency.

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Data Usage in Decentralized Blockchain Corporate, LLC, and Blockchain Bank & Trust Registrations:

 

"Customer First" is one of our core values. To fulfill this promise and manage your Blockchain Corporation or Bank & Trust registrations, we collect data you provide when you use our services or contact us. This data may include your name, email address, address, phone number, birth date, citizenship, and other necessary details for legal registration of your Blockchain Bank & Trust entity. Our automated systems may use this data to prevent and combat fraud and enhance service quality.

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We may also use your personal data for direct marketing purposes, which include analyzing customer profiles and building online audiences to offer a personalized and authentic experience.

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Children’s Privacy:

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In compliance with the US Children’s Online Privacy Protection Act (COPPA), we do not collect or sell the data of minors. Our platforms are not intended for children under the age of 16. Those above 16 may use our platforms only with permission and under adult supervision.

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Data Sharing and International Transfers:

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For the processing of your Blockchain Bank & Trust registrations, we may need to share your personal data with third parties like payment agencies. We ensure all data transfers, especially those outside the EEA, are protected under adequacy decisions from the European Commission or equivalent safeguards.

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Data Security:

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We implement robust security measures to protect the data within our registry from unauthorized access or breaches, ensuring the integrity and confidentiality of your information.

 

Forming a Blockchain Bank & Trust Company:

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Information Required for Blockchain Bank & Trust Formation:

 

Before beginning the process of forming your Blockchain Bank & Trust, you will need to gather the following:

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Company Name: Decide on a unique name for your Blockchain Bank & Trust company.

Address: Provide your office or home address.

Director Details: Information about the company's director(s).

Shareholder Details: Information about the shareholder(s), which can be the same as the director.

Share Allocation: Decide how many shares you want to issue. At least one share must be issued to form a Blockchain Bank & Trust. If there are multiple shareholders, at least one share per shareholder is required.

 

Corporate Shareholders and Directors:

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You are permitted to register existing companies as shareholders. This allows for corporate ownership where the individual’s name does not appear, but the company name does.

Our Blockchain Bank & Trust Companies can issue up to 1,000,000 Ordinary shares at $10 each, providing flexibility for future share distribution and limiting liability to $10,000,000 when raising capital.

 

ID Requirements and Verification:

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To ensure accurate registration as the beneficial owner, a valid form of identification (passport or ID card) must be submitted. This step is mandatory to comply with legal obligations and to secure your ownership rights.

While blockchain and cryptocurrency transactions can provide anonymity, legal corporate registration processes require confirmed identity to prevent fraud and ensure compliance with financial regulations.

 

Privacy Implications of Data Collection During Registration:

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Why We Collect Your Data: The information collected during the company formation process is necessary for:

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Legal Compliance: Ensuring that we meet our regulatory obligations.

Operational Purposes: Effectively setting up and managing your Blockchain Bank & Trust Company.

Security Measures: Preventing fraud and securing your investment.

 

Data Security and Privacy:

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We are committed to protecting the privacy and security of all data we collect during the registration process. This includes employing advanced security measures and adhering to strict privacy laws.

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Your Rights:

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We respect your rights to control your personal data under the guidelines of privacy laws applicable in the European Economic Area (EEA), UK, and beyond:

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You retain several rights concerning your personal data, including the right to access, rectify, or erase your data, subject to legal and practical limitations. For instance, while you can request data deletion, this may affect the status of the registered entity if you are the sole director or shareholder. Alternative arrangements, such as transferring ownership to another corporate entity, may need to be considered.

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Right to Access and Rectify: You have the right to access and request corrections to any personal data we have stored about you in relation to your Blockchain Bank & Trust registration.

Right to Erasure ("Right to be Forgotten"): You may request the erasure of your personal data where it does not conflict with our legal obligations or affect the integrity of the corporate registration you are part of. Given the nature of blockchain technology, complete erasure of data from the blockchain may be technically unfeasible as blockchain entries are immutable once confirmed. However, we can facilitate the removal of your personal data from our active databases and where possible, dissociate or anonymize the data within the bounds of legal and technical limitations.

Right to Object and Restrict Processing: You can object to our processing of your personal data and request a limitation on further processing, in compliance with legal guidelines.

Right to Data Portability: You have the right to receive the personal data you have provided to us, in a structured, commonly used, and machine-readable format, and you have the right to transmit those data to another controller without hindrance from us.

How to Exercise Your Rights: If you wish to exercise any of the above rights, please contact us at compliance@worldblockchainbank.io. For adjustments involving the structure of Blockchain Bank & Trust registrations such as changing the registered shareholder or director to another corporate entity, specific additional steps may need to be followed.

Unsubscribe Options: To unsubscribe from our emails or opt-out of direct marketing, you can follow the unsubscribe link in our email communications or contact us directly.

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Thank You