Dear Upbit Users, Following the proposed introduction of new regulations in Singapore, we would like to inform you about the revision to Upbit Singapore Pte. Ltd.'s Terms of Use. You can read the entire Terms of Use [here]. We have also included a summary of the notable changes below. The updated Terms of Use will become effective on 15 September 2023. If you continue to use Upbit Services after 15 September 2023, you are agreeing to the updated Terms of Use. The most notable changes are as follows: 1) In Article 2 , we have made, amongst others, the following changes: - expanded the definition of User's "Account" to include the Account as holding the User's Fiat Currency and also comprising the User Wallet - added "Travel Rule" or "Value Transfer" - included reference to "stablecoins" as part of the definition of Digital Assets. 2) In Article 8 , we have made updates with respect to the User providing consent for their disclosure of personal data, including for Travel Rule purposes. 3) In Article 16 , we have made the following changes: - clarified the procedure pertaining to incorrect transactions - changed the number of days Users have to inform us in respect of unauthorised transactions 4) In Article 17 , we have made updates and clarifications relating to Digital Asset Transfers. We have also reflected Upbit's appointment of an independent custodian for the safeguarding of Users' Digital Assets. 5) We have added Article 19 to reflect safeguarding measures for Users' Fiat Currency and Digital Assets. 6) In Article 23 , we have further explained the relevant risks to Users. 7) In Article 28 , we have updated the indemnity clause. 8) Throughout the Terms of Use, we have made changes to improve clarity and to address grammar, typos, and other similar issues. If you do not agree to any of the provisions in the updated Terms of Use, please contact our Customer Support via email at corporate_sg@upbit.com. Thank you for using Upbit Services. Upbit Team Find us on: - X : [https://twitter.com/upbitglobal] - Instagram : [https://www.instagram.com/upbit.exchange]