VIP Depositor Allow List
The CuBitTM VIP Depositor Allow List is a special benefit for our early adopters and regular depositors.
CuBitTM is committed to creating a safe space for your money. One important feature of this safe space is appropriate compliance with US Federal regulations around Know Your Customer (KYC) and Anti-Money Launder (AML).
Before anyone can receive CuBitTM in exchange for their deposit, we need to make sure that the money isn’t part of a money laundering or terrorists funding scheme (AML). Additionally, we need to make sure that the person (or business) receiving CuBitTM is who they say they are (KYC).
For anyone on the VIP Depositor Allow List, KYC requirements only need to be renewed once each year. Anyone not on the list must go through KYC for every deposit and redemption they make.
Although the design of CuBit™ incorporates inherent protections against volatility and Universal Real Estate Wealth Protection Solutions, LLCTM (UREWPSTM, the Company) is committed to support the asset-based valuation of CuBit™, as with any currency there is nothing to prevent speculators from taking unforeseen actions which might cause the price of CuBit™ to vary without reference to the underlying value proposition. The Company cannot prevent and is not responsible for the actions or results of such speculative behaviors.
