Important: Velo is a fully non-custodial wallet. We do not hold, control, or have access to your funds or private keys. We do not collect, store, or process any personal user data.
1. Non-Custodial Nature
Velo operates as a completely non-custodial cryptocurrency wallet. This means:
- No Fund Control: We never have access to, custody of, or control over your cryptocurrency assets
- Private Key Ownership: Only you possess and control your private keys and seed phrases
- No Transaction Authority: We cannot execute, reverse, freeze, or block any transactions on your behalf
- Decentralized Operations: All transactions occur directly on public blockchain networks
2. No Data Collection
Velo is committed to user privacy and does not collect personal information:
- We do not require account registration or identity verification
- We do not collect names, addresses, email addresses, or phone numbers
- We do not store IP addresses or device identifiers
- We do not track or monitor your transactions
- We do not share any data with third parties because we have no data to share
3. Anti-Money Laundering Stance
While Velo does not have the technical capability to implement traditional AML controls due to our non-custodial architecture, we are firmly opposed to money laundering and all forms of financial crime.
Our position:
- We do not facilitate, support, or condone money laundering or terrorist financing
- We provide software tools, not financial services
- We encourage all users to comply with applicable laws in their jurisdictions
- We cooperate with law enforcement when legally required and technically possible
4. User Responsibilities
By using Velo, you acknowledge and agree that:
- You are solely responsible for ensuring your use complies with all applicable laws and regulations
- You will not use Velo for any illegal activities, including money laundering or terrorist financing
- You understand that blockchain transactions are public and immutable
- You are responsible for reporting and paying any taxes owed on your cryptocurrency activities
- You will not use Velo to circumvent sanctions or other legal restrictions
5. Technical Limitations
Due to the decentralized and non-custodial nature of our service:
- We cannot freeze or seize funds
- We cannot reverse or cancel transactions
- We cannot identify users or their transaction counterparties
- We cannot implement traditional KYC/AML procedures
- We have no ability to monitor transaction patterns or flag suspicious activity
6. Cooperation with Authorities
While we do not collect user data, we will:
- Respond to valid legal requests within the scope of information we possess
- Provide technical information about our software when legally required
- Not obstruct legitimate law enforcement investigations
7. Prohibited Uses
You agree not to use Velo for:
- Money laundering or terrorist financing
- Purchasing illegal goods or services
- Evading sanctions or trade restrictions
- Tax evasion
- Any other illegal purpose
8. Changes to This Policy
We may update this AML Policy from time to time. Changes will be posted on this page with an updated revision date. Your continued use of Velo after any changes indicates your acceptance of the updated policy.
9. Contact
If you have questions about this AML Policy, please contact us:
- Email: legal@velo.cash
- Website: https://velo.cash
By using Velo, you confirm that you understand and accept our non-custodial model and agree to use our services in compliance with all applicable laws and regulations.