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1. OVERVIEW OF CASP SERVICES PROVIDED

1.1 Detailed description of services

the Company offers crypto asset services to be provided since the second quarter of 2024, the activity is conducted in accordance with Article 62 of the MiCA:

Exchange of crypto assets for internationally recognized fiat currencies issued by sovereign states

• The Company allows its clients to exchange cryptocurrencies for legally recognized fiat currencies issued by sovereign states (such as EUR, USD, GBP, CHF, and JPY) in a secure, automated, and regulatory-compliant manner. The full range of services and activities offered by the Company is detailed in Section 8 of this document and includes:

• Cryptocurrency-to-fiat exchange services;

• Wallet-to-bank transfer facilitation;

• Real-time exchange rate quotation and execution;

• Integration with third-party exchanges and liquidity providers;

• AML/CFT-compliant transaction monitoring and reporting. Explained in more detail in point 8.

• Users can exchange supported cryptocurrenciesBitcoin (BTC), Ethereum (ETH) on ERC-20 and TRC-20 networks, USD Coin (USDC), and Binance Coin (BNB) for EUR and USD via smart contract and partner exchanges Kraken, Bitstamp, OKX and Binance, the exchange takes place automatically after payment. The prerequisite is a connection to a wallet that contains the cryptocurrency.

• The process includes automated balance verification, exchange rate determination based on market data, and immediate execution of the payment order.

• All transactions are monitored by the system of the company Chainalysis, Inc., identification number: EIN: 82-3746729, registered office: 535 Mission Street, 14th Floor, San Francisco, CA 94105, United States(hereinafter referred to as “ KYT provider ”) and are subject to AML/CFT control . The Company documents its cooperation with KYT provider by a concluded agreement, which is attached to this document. KYT provider is an international technology company specializing in blockchain analytics and monitoring of risks associated with cryptocurrencies. Its main goal is to assist financial institutions, fintech companies, cryptocurrency exchanges and other entities in the field of anti-money laundering (AML) prevention, fraud detection, regulatory compliance and financial crime investigation in the digital asset environment. KYT provider provides a platform that enables blockchain transaction analysis - it tracks the movement of cryptocurrencies across different blockchains and identifies suspicious or risky transactions in real time. Address and transaction screening – automatically checks whether cryptocurrency addresses or transactions are associated with sanctioned persons, darknet markets, scams , mixers or other risky entities. Client and transaction risk assessment – during onboarding and throughout the business relationship, it assesses the origin of funds, geographical risk, type of transactions and other parameters. Ongoing monitoring – continuously monitors and evaluates all movements on the blockchain, notifying of unusual or risky patterns of behavior. Compliance and investigation support – provides tools for generating reports, audit trails and support in investigating suspicious activities that must be reported to regulators or law enforcement agencies. KYT provider thus enables companies in the crypto industry to effectively manage risks, meet regulatory requirements (e.g. according to AMLD, MiCA , etc.) and protect themselves from misuse of their services for illegal purposes. More information about the KYT provider system at https://www.chainalysis.com/ . The company plans to work with more AML/CFT providers in the future, currently working only with the KYT provider.

Issuing payment cards based on cooperation with a licensed payment service provider

• This is a cooperation (and integration into the logical system) with a licensed card issuer , currently with the company Monavate Limited, Monavate Ltd is a limited company registered in England and Wales with registered number 12472532., registered office is at The Officers Mess Business Centre, Royston Road, Duxford, Cambridge, England, CB22 4QH. Monavate Ltd is authorised and regulated by the Financial Services Authority with Firm Reference Number 901097.(hereinafter referred to as the “ Issuer ”). The Company documents its cooperation with the Issuer by a concluded agreement, which is attached to this document. The Issuer is a licensed payment service provider specializing in issuing virtual and physical payment cards and ensuring fiat settlements for fintech and cryptocurrency companies. The Issuer operates by enabling its clients (for example, cryptocurrency platforms or fintech startups) to issue payment cards under its own brand, which are connected to traditional payment networks such as Visa or Mastercard. The Issuer has an Electronic Money Institution (EMI) license in the EU, which allows it to issue payment cards and provide related payment services within the European Economic Area. The Issuer’s client (for example, a crypto company ) integrates its systems with the Issuer’s API. When a user requests a card on the client platform, the Issuer issues the card, sets limits and links it to the user account. The user can use the card to make payments in regular stores or online. If the card is linked to a cryptocurrency account, each transaction converts the cryptocurrency to fiat currency. The Issuer ensures the settlement of this transaction and the transfer of funds to the merchant. The Issuer also provides additional services to clients, such as limit management, transaction monitoring, 3D Secure verification, reporting or AML/KYC compliance . From a compliance and security perspective, the Issuer meets the requirements of European regulations including PSD2, AML/KYC and DORA, uses modern encryption and regularly tests its infrastructure. Overall, the Issuer acts as a technological and regulatory bridge between fintech/crypto platforms and the traditional financial system. The Issuer's clients can thus quickly offer payment cards and related services without having to own their own license or deal with complex integration with card schemes and banks. More information on the website https://www.monavate.com. The Company plans to cooperate with more banking service providers in the future, currently it cooperates only with the Issuer.

• The cards are connected to a smart contract as a technological solution enabling the execution of a specific order, here the order is quantified as a transfer to another wallet , which ensures the conversion of cryptocurrencies to fiat currencies in real time with each payment.

• KYC data (identification data according to AML) is transferred to the partner through an authorized API , i.e. the company Sumsub Ltd., Company Registration Number: 09688671, registered office: 30 St. Mary Axe, London, England, EC3A 8BF (hereinafter referred to as “ KYC provider ”). The Company documents its cooperation with the KYC provider by a concluded agreement, which is attached to this document KYC provider is an international technology company specializing in providing solutions for identity verification, fraud prevention and compliance with AML (anti- money laundering) requirements. laundering ) and KYC ( know your customer ). Their platform allows companies to quickly and securely verify the identity of customers online, for example through biometric document checks, facial recognition, checks against sanctions and PEP lists or address verification. KYC provider is mainly used by financial institutions, fintech companies, cryptocurrency exchanges, neobanks , payment service providers and other entities that must meet strict regulatory requirements in the field of combating money laundering and terrorist financing. The platform supports automated workflow , reporting for regulators and also offers tools for monitoring suspicious transactions. KYC provider thus helps clients minimize the risk of fraud, accelerate customer onboarding and ensure compliance with European and global regulations including MiCA , AMLD and DORA. More information on the website https://sumsub.com/. The company plans to cooperate with more AML providers in the future, currently it cooperates only with KYC provider.

Non- custodial wallets

• have access to users' private keys ; users (customers) have sole control over their cryptocurrency funds, ensuring security. The company plans to work with more wallet providers in the future, currently working only with web3auth..

• Smart contracts ensuring secure transfer and segregation of funds

• Integration with web3auth, identification number: 626046048367-20, registered office: 5049 Edwards Ranch Road 76109 Fort Worth UNITED STATES (hereinafter referred to as the “ Non- custodial wallet ”) provides users with direct control over their assets . Non- custodial wallet is a popular non- custodial cryptocurrency wallet designed for the TON ( The Open Network ) blockchain network . Using the Non- custodial wallet, users can securely manage, receive and send cryptocurrencies on the TON network, via a mobile application available for Android and iOS. The Non- custodial wallet works in such a way that users have full control over their private keys – the wallet generates and stores them directly on the user’s device, not on the operator’s servers. This means that only the user has access to their funds and is responsible for their security. The wallet supports basic functions such as generating a new wallet, importing using a seed phrase, viewing balance, transaction history, and the ability to send and receive TON and other tokens on this network. The non- custodial wallet is often used as a secure and user-friendly tool for managing TON assets, both for regular users and for integration with other decentralized applications and services within the TON ecosystem. The user can download the non- custodial wallet from the Apple Store , Google Play, or directly from https://web3auth.io/.