‍As Onchain Labs operates under the Markets in Crypto-Assets Regulation (MiCAR), we apply the same principles and standards to all token projects, regardless of whether they operate within or outside the European Union (EU). This means that all token projects utilizing Onchain Ramp agree to adhere to the requirements set forth by MiCAR, including AML/CFT, consumer protection, and transparency standards, whether they are based in or offer services within the EU.

Token Purpose

‍We don’t allow the use of Onchain Ramp for the sale of Tokens for which the funds have the implicit or explicit purpose of promoting or involving:

• A violation of any law, regulation, industry requirement, or third-party guidelines or agreements by which you are bound, including those of payment card providers and payment providers that you utilize in connection with the Onchain Ramp, if any. This includes full compliance with the EU’s Markets in Crypto-Assets Regulation (MiCAR), Anti-Money Laundering Directives (AMLD5), and other applicable EU laws, such as MiFID II, where relevant.
• Any election campaigns that are not run by a registered organization within the supported country and subject to any terms in this Agreement regarding anti-money laundering (AML), export control, and anti-corruption requirements in accordance with EU AML/CFT regulations.
• Sales that are fraudulent, misleading, inaccurate, dishonest, or impossible, in line with MiCAR’s requirements for transparent disclosures and the prevention of consumer deception.
• Drugs, narcotics, steroids, controlled substances, pharmaceuticals, or similar products or therapies that are either illegal, prohibited, or enjoined by an applicable regulatory body. Legal substances that provide the same effect as an illegal drug or other products, medical practices, or any related equipment or paraphernalia that have been found by an applicable regulatory body to cause consumer harm.
• Knives, explosives, ammunition, firearms, or other weaponry or accessories prohibited by EU law, including Regulation 2580/2001 on measures to combat terrorism financing and organized crime.
• Annuities, investments, loans, equity or lottery contracts, lay-away systems; money service businesses (including currency exchanges, check cashing, or the like); pyramid schemes; “get rich quick schemes” (i.e., investment opportunities or other services that promise high rewards); network marketing and referral marketing programs; and debt collection. Compliance with MiCAR’s provisions on crypto assets resembling financial instruments under MiFID II is required where applicable.
• Gambling, gaming, and/or any other activity with an entry fee and a prize, including, but not limited to, raffles, casino games, sports betting, fantasy sports, horse or greyhound racing, lottery tickets, raffle tickets, auctions, and other ventures that facilitate gambling, games of skill, or chance (whether it is legally defined as a lottery). Token sales for gambling-related activities must adhere to EU and national gambling laws.
• Content that reflects or promotes behaviour that we deem, in our sole discretion, to be an abuse of power or in support of hate, violence, harassment, bullying, discrimination, terrorism, or intolerance of any kind relating to race, ethnicity, national origin, religious affiliation, sexual orientation, sex, gender, gender identity, gender expression, serious disabilities, or diseases, in compliance with EU Human Rights Law.
• The legal defence of alleged crimes associated with hate, violence, harassment, bullying, discrimination, terrorism, or intolerance of any kind relating to race, ethnicity, national origin, religious affiliation, sexual orientation, sex, gender, gender identity, gender expression, serious disabilities or diseases, financial crimes, or crimes of deception.
• Activities with, in, or involving countries, regions, governments, persons, or entities that are subject to other economic sanctions under applicable law, unless such activities are expressly authorized by the appropriate governmental authority. This includes full compliance with EU sanctions laws, including but not limited to Council Regulation (EU) No 269/2014 and other relevant EU legislation.
• The funding of a ransom, human trafficking, exploitation, vigilantism, bribes, or bounty, which are in violation of AML/CFT standards under MiCAR and EU criminal law.
• Pornography or other sexual content, which may be subject to privacy regulations under GDPR and other EU audiovisual media regulations.
• Offensive, graphic, perverse, or sensitive content.
• Credit repair or debt settlement services.
• The aggregation of funds owed to third parties, factoring, or other activities intended to obfuscate the origin of funds, which violate AML/CFT requirements under MiCAR and AMLD5.