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CoinList Legal Disclosures

  • Fees and Limits
  • Supported Countries & States
  • Licenses
  • BSA/AML Program

Fees and Limits

See our fees page »

Supported Countries & States

CoinList is not available to residents of

  • 🇦🇫 Afghanistan
  • 🇦🇴 Angola
  • 🇨🇦 Canada
  • 🇨🇫 Central African Republic
  • 🇨🇬 Congo
  • 🇨🇩 Congo (Dem. Rep.)
  • 🇨🇺 Cuba
  • 🇨🇮 Côte d'Ivoire
  • 🇬🇼 Guinea-Bissau
  • 🇮🇷 Iran
  • 🇰🇵 Korea (North)
  • 🇱🇧 Lebanon
  • 🇱🇷 Liberia
  • 🇱🇾 Libya
  • 🇲🇱 Mali
  • 🇲🇲 Myanmar
  • 🇳🇮 Nicaragua
  • 🇸🇴 Somalia
  • 🇸🇸 South Sudan
  • 🇸🇩 Sudan
  • 🇸🇾 Syrian Arab Republic
  • 🇻🇪 Venezuela
  • 🇻🇮 Virgin Islands of the United States
  • 🇾🇪 Yemen
  • 🇿🇼 Zimbabwe
  • Crimea region of Ukraine
  • Donetsk People's Republic (DNR)
  • Luhansk People's Republic (LNR)
  • Somaliland
  • Any other jurisdictions as CoinList determines

CoinList is not available to residents of the following U.S States:

  • Alaska
  • Alabama
  • Arizona
  • Connecticut
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Kansas
  • Louisiana
  • Maryland
  • Maine
  • Minnesota
  • Mississippi
  • North Carolina
  • New Hampshire
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oregon
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Virgin Islands, U.S.
  • West Virginia

Licenses

State
License
State Agency
Delaware Sale of Checks and Transmission of Money, 027874 Office of the State Bank Commissioner
555 E. Loockerman Street, Suite 210
Dover, DE 19901
(302) 739-4235
https://banking.delaware.gov
District of Columbia Money Transmitter License, MTR1785267 Department of Insurance, Securities, and Banking
810 First Street, NE, Suite 701
Washington, District of Columbia 20002
(202) 727-8000
https://disb.dc.gov
Florida Money Transmitters Part II, FT230000254 Florida Office of Financial Regulation
200 E. Gaines Street
Tallahassee, FL 32399
(850) 413-3137
https://www.flofr.com
Illinois Money Transmitter License, MT.0000351 Illinois Department of Financial and Professional Regulation
Consumer Credit Section
100 West Randolph Street 9-100
Chicago, IL 60601
(888) 473-4858
https://www.idfpr.com
New Jersey Money Transmitter License, 1903903C22 New Jersey Department of Banking and Insurance
20 West State Street, PO Box 325
Trenton, NJ 08625
(609) 292-7272
https://www.state.nj.us/dobi/index.html
Puerto Rico Money Transmitter License, TM-122 Office of the Commissioner of Financial Institutions
1492 Ave. Ponce De León Suite 600
Centro Europa Building
Santurce, Puerto Rico
(787) 723-3131
https://ocif.pr.gov
Texas Texas MTL No. 3206 Texas Department of Banking
2601 North Lamar Boulevard
Austin, Texas 787705
(877) 276-5554
http://www.dob.texas.gov/
Vermont Money Transmitter License, 100-154 Department of Financial Regulation
Consumer Services
89 Main Street, Montpelier, VT 05620 - 3101
(833) 337-4685
https://dfr.vermont.gov
Washington Money Transmitter License: 550-MT-127592 State of Washington - Department of Financial Institutions
Division of Consumer Services
150 Israel Road, S.W., Tumwater, WA 98501
(877) 746-4334
https://dfi.wa.gov/consumers/money-services-complaint
State Disclosures : Florida
NOTICE: By the Florida Office of Financial Regulation

BY GRANTING COINLIST MARKETS LLC A LICENSE, THE FLORIDA OFFICE OF FINANCIAL REGULATION IS NOT ENDORSING THE USE OF DIGITAL OR VIRTUAL CURRENCIES.

* U.S. currency is legal tender backed by the U.S. government.
* Digital and virtual currencies are not issued or backed by the U.S. government, or related in any way to U.S. currency, and have fewer regulatory protections.
* The value of digital and virtual currencies is derived from supply and demand in the global marketplace which can rise or fall independently of any fiat (government) currency.
* Holding digital and virtual currencies carries exchange rate and other types of risk.

POTENTIAL USERS OF DIGITAL OR VIRTUAL CURRENCIES, INCLUDING BUT NOT LIMITED TO BITCOIN, SHOULD BE FOREWARNED OF A POSSIBLE FINANCIAL LOSS AT THE TIME THAT SUCH CURRENCIES ARE EXCHANGED FOR FIAT CURRENCY DUE TO AN UNFAVORABLE EXCHANGE RATE. A FAVORABLE EXCHANGE RATE AT THE TIME OF EXCHANGE CAN RESULT IN A TAX LIABILITY. PLEASE CONSULT YOUR TAX ADVISOR REGARDING ANY TAX CONSEQUENCES ASSOCIATED WITH YOUR HOLDING OR USE OF DIGITAL OR VIRTUAL CURRENCIES.

If you have a question or complaint, please contact the consumer assistance division of CoinList Markets LLC at team@coinlist.co or 212-500-1159.
State Disclosures : Illinois
For customer support for suspected violations of the Illinois Transmitters of Money Act (205 ILCS
657), Illinois residents may call the Illinois Department of Financial and Professional Regulation
toll free at 866-846-6876.
State Disclosures : Texas
If you have a complaint, first contact the CoinList Markets Client Services team at https://coinlist.freshdesk.com/support/home. If you still have an unresolved complaint regarding the company’s money transmission activity, please direct your complaint to the Texas Department of Banking, 2601 North Lamar Boulevard, Austin, Texas 787705, 1-877-276-5554 (toll free), www.dob.texas.gov.
State Disclosures : Washington
For the Schedule of Fees and Charges, please see www.coinlist.co/fees

The products and services provided by CoinList Markets LLC are not insured or guaranteed by an agency of the United States, except for fiat deposits held on behalf of customers at CoinList Market’s bank, which are insured by the Federal Deposit Insurance Corporation.

As noted in the Terms of Service, orders are irrevocable and final unless cancelled prior to execution. Please see the Terms of Service at www.coinlist.co/terms for additional information related to these policies.

As noted in the Terms of Service, CoinList Markets LLC is not liable for unauthorized, mistaken or accidental transfers. It is the user’s responsibility for providing notice of such incident to CoinList Markets LLC, which the user should do as soon as possible. We will attempt to assist the user, but make no representations that we will be able to correct such mistake. Please see the Terms of Service at www.coinlist.co/terms for additional information related to these policies.

The nature of virtual currency may lead to an increased risk of fraud or cyber-attack and your virtual currency value may be irretrievably stolen.

Fraudulent transactions may result in the loss of your money with no recourse. Please see the Terms of Service at www.coinlist.co/terms for additional information related to this policy.

If you have a complaint, first contact the consumer assistance division of CoinList Markets LLC at team@coinlist.co or 212-500-1159. If you still have an unresolved complaint regarding the company’s money transmission activity, please contact the Washington State Department of Financial Institutions, Division of Consumer Services using one of the following methods:

File a complaint:
online: https://dfi.wa.gov/consumers/money-services-complaint
phone: 1-877-RING DFI (1-877-746-4334)
email: CSEnforceComplaints@dfi.wa.gov

BSA/AML Program

Last updated: November 12, 2020

Bank Secrecy Act and Anti-Money Laundering Compliance Program

Welcome to the CoinList digital asset platform. The platform is owned and operated by CoinList Markets LLC (“we,” “us” or “our”). We have developed a Bank Secrecy Act and Anti-Money Laundering Compliance Program (“BSA/AML Program”) in an effort to maintain the highest possible compliance with applicable laws and regulations relating to anti-money laundering in the United States and other countries where we conduct business. This includes, but is not limited to:

  • Establishing robust internal policies, procedures and controls that combat any attempted use of the platform for illegal or illicit purposes and that are designed to ensure our customers basic protections under consumer protection laws;
  • Complying with the applicable regulations and guidance set forth by the Financial Crimes Enforcement Network (“FinCEN”);
  • Filing Suspicious Activity Reports (“SARs”);
  • Filing Currency Transaction Reports (“CTRs”);
  • Maintaining comprehensive records of orders and other transfers and following record retention requirements;
  • Employing a Chief Compliance Officer (“CCO”) to act as our Bank Secrecy Act Officer and be responsible for the implementation and oversight of our BSA/AML Program;
  • Executing Know Your Customer (“KYC”) procedures on all customers;
  • Performing regular, independent audits of our BSA/AML Program; and
  • Implementing a formal and ongoing compliance training program for employees.

Policies and Procedures

Our BSA/AML Program has been reviewed and approved by our Managers. Our BSA/AML Program is regularly reviewed and, if necessary, revised in an effort to comply with applicable rules, regulations and policies. We are regulated by the US state departments of financial institutions identified in the “Licenses” section of this webpage and our BSA/AML Program is subject to their review and approval.

Internal Controls

We have developed robust internal policies, procedures, and controls designed to comply with applicable BSA/AML laws and regulations, some of which are outlined here on this page including, but not limited to, our Customer Identification Program (“CIP”), the filing of SARs and CTRs, as well as other reporting requirements and audits.

Training

Our employees and officers receive ongoing broad-based BSA/AML training, as well as position-specific training. They must repeat this training at least once every twelve (12) months, and all new employees receive training, to ensure they are knowledgeable and in compliance with all pertinent laws and regulations. All documentation related to compliance training including materials and attendance and date are maintained. In addition, our compliance training program is updated as necessary to reflect current laws and regulations.

Compliance Officer

Our CCO is responsible for developing and enforcing the policies and procedures of our BSA/AML Program. Our CCO is required to report any violations of our BSA/AML Program directly to our CEO and our Managers. In addition, our CCO is responsible for recording and filing SARs, CTRs and performing a BSA/AML Program audit at least annually.

Customer Identification

Our Customer Identity Program (“CIP”) is an important part of our BSA/AML Program, and helps us detect suspicious activity in a timely manner and prevent fraud.

In order to open an account and use the platform, your identity must be verified, authenticated, and checked against government watchlists, including the Office of Foreign Assets Control (“OFAC”). Failure to complete any of these steps will result in your inability to use our platform.

  • Individual customers - Prior to opening an account for an individual customer, we attempt to collect, verify, and authenticate the following information:
    • Full legal name;
    • Date of birth;
    • Home address (not a P.O. Box);
    • Occupation;
    • Email address;
    • Mobile phone number;
    • Social Security Number (“SSN”) or any comparable identification number issued by government;
    • Proof of identity (e.g., driver’s license, passport or government-issued ID);
    • Additional information or documentation at the discretion of our Compliance Team.
    • Non-US customers are required to provide an additional proof of identity

If you successfully meet and complete our CIP requirements, we will complete your account onboarding.

  • Institutional customer - Prior to opening an account for an institutional customer, we attempt to collect, verify, and authenticate the following information:
    • Institution legal name;
    • Registration information (state and date of registration)
    • Proof of legal existence (e.g., state certified articles of incorporation or certificate of formation, unexpired government-issued business license, trust instrument or other comparable legal documents as applicable);
    • Address (principal place of business and/or other physical location);
    • Statement of good standing
    • Employer Identification Number (“EIN”) or any comparable identification number issued by government;
    • For the account authorized signatory, the information required of natural person customers set forth above.
    • For all natural persons who own 25%+ of the institutional customer: name; date of birth; residential address; government issued ID number; and proof of identity.
    • Documentation that verifies the beneficial ownership (eg - capitalization table, operating agreement, etc);

If your institution successfully meets and completes our CIP requirements, we will complete your account onboarding.

Over the course of your customer experience on the platform, our team may reach out to you for additional information in order to ensure the safety and integrity of our customer base and our trading platform, and as required for ongoing compliance with our regulatory obligations. Please be aware that your failure to comply with these requests may result in restrictions on your account.

Suspicious Activity / Currency Transaction Reports Process

We file SARs if we know, suspect or have reason to suspect suspicious activities have occurred on our platform. A suspicious transaction is often one that is inconsistent with a customer’s known and legitimate business, personal activities or personal means. We leverage our compliance department, which performs transaction monitoring to help identify unusual patterns of customer activity. Our CCO reviews and investigates suspicious activity to determine if sufficient information has been collected to justify the filing of a SAR.

In addition, all currency transactions over a determined USD value are reported to FinCEN via a CTR filing.

Our CCO maintains records and supporting documentation of all SARs and CTRs that have been filed.

Reporting Requirements

All records are retained for seven (7) years and are readily available upon official request by an applicable examiner, regulator, or law enforcement agency.

BSA/AML Program Audit
  • Internal. The CCO is responsible for overseeing our BSA/AML Program and presenting findings to our CEO and Managers.
  • Independent. Our CCO oversees the performance of an independent test of our BSA/AML Program at least annually. Results are shared with the Managers.
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This site is operated by Amalgamated Token Services Inc. and services are provided through its wholly-owned subsidiaries (altogether, “CoinList”). CoinList does not give investment advice, endorse or make recommendations with respect to any assets or provide legal or tax advice. CoinList Markets LLC (NMLS #1785267) is a Money Services Business registered with the Financial Crimes Enforcement Network and certain states as a money transmitter. Neither CoinList nor any of its officers, directors, agents, or employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site. This site contains external links to third-party content (content hosted on sites unaffiliated with CoinList). As such, CoinList makes no representations or endorsements whatsoever regarding any third-party content/sites that may be accessible directly or indirectly from this site. CoinList services are only directed toward the residents of jurisdictions where such services are permitted. Some services may be limited to residents of certain jurisdictions, and disclosures may be required in specific jurisdictions, available here. Use of the site is subject to certain risks, including but not limited to those listed here. Assets offered on the platform are not insured by the FDIC, SIPC, or any similar organization. Users must conduct their own due diligence of any digital asset. Participating in digital assets is highly risky and may lead to total loss of funds. By using this site, you explicitly agree to our Terms of Service and Privacy Policy. CoinList and its employees, officers, directors, and affiliates may have interests in assets listed on this site and may also participate in certain offerings using the site (where permitted).
* Not available in all jurisdictions. Past rewards are not an indicator of future results.
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