Privacy Notice

Last updated:

This Privacy Notice describes how Open Standard LLC (“we”, “us”, “our”) collects, uses and discloses information about you when you use our website (joinopenstandard.com), applications, services, tools and features, or otherwise interact with us (collectively, the “Services”).

For the purpose of applicable data protection laws, we are the data controller.

Please read this Privacy Notice carefully. By using any of the Services, you agree to the collection, use and disclosure of your information as described in this Privacy Notice. If you do not understand or agree to this Privacy Notice, please do not use or access the Services.

1. Changes to this Privacy Notice

We may modify this Privacy Notice from time to time, in which case we will update the “Last Updated” date at the top of this Privacy Notice. If we make material changes to how we use or disclose information we collect, we will use reasonable efforts to notify you and will take additional steps as required by applicable law. If you do not agree to any updates to this Privacy Notice, please do not continue using or accessing the Services.

2. Collection and use of information

When you use or access the Services, we collect certain categories of information about you from a variety of sources. While you may choose not to provide this information, this may impact your ability to receive the Services. Information that we collect from you through our Services includes:

  • Contact information, such as your name, email address, company name, and country/region. We use this information to provide the Services, as required to perform our contract with you, and because it is in our legitimate interests to communicate with you (including to tell you about products or services that may be of interest to you, to the extent you have consented to receiving marketing communications from us).
  • Any other information you choose to provide us or otherwise include in communications with us, for example, when sending a message through the Services, because it is in our legitimate interests to be responsive to you.

Deidentified information

Finally, we may deidentify or anonymize your information such that it cannot reasonably be used to infer information about you or otherwise be linked to you (“deidentified information”) (or we may collect information that has already been deidentified/anonymized), and we may use deidentified information for any purpose. To the extent we possess or process any deidentified information, we will maintain and use such information in deidentified form and not attempt to re-identify the information, except for the purpose of determining whether our deidentification process satisfies legal requirements.

3. Disclosure of your information

We may disclose your information for legitimate purposes subject to this Privacy Notice, including:

  • Our affiliates or others within our corporate group, as a matter of our legitimate interests to efficiently provide the Services.
  • Business partners, including distributors and integration partners we work with for the purchase of stablecoin from issuers, in order to perform our contract with you (including for integration purposes), and where applicable and permitted, with your consent or in our legitimate interests.
  • Vendors or other service providers who help us provide the Services, in order to perform our contract with you and in our legitimate interests, including for system administration, cloud storage, transaction monitoring, security and fraud detection, and marketing communications.
  • Professional advisors, such as auditors, law firms or accounting firms, as a matter of our legitimate interests to assess, protect, enforce and defend our rights and to comply with our legal and regulatory obligations.
  • Third parties in connection with or anticipation of an asset sale, merger, acquisition, or other business transaction, including in the context of a bankruptcy proceeding or other restructuring matter, as a matter of our legitimate interests to run a successful and efficient business.
  • For legal and security reasons and to protect our services and business, in our legitimate interests or as required by law, including to cooperate with law enforcement, judicial orders and regulatory inquiries.

We do not disclose your personal information to third parties for the third parties’ own direct marketing purposes, unless you have consented to such disclosure.

4. Data security and retention

We have implemented commercially reasonable security measures designed to protect your personal information from unauthorized access, use or disclosure. However, despite our efforts to protect your information, no security measures are impenetrable, and we cannot guarantee “perfect security.” Any information you send to us electronically, while using the Services or otherwise interacting with us, may not be secure while in transit. We recommend that you do not use unsecure channels to send us sensitive or confidential information.

We retain your information for as long as is reasonably necessary for the purposes specified in this Privacy Notice. When determining the length of time to retain your information, we consider various criteria, including whether we need the information to continue to provide you the Services, resolve a dispute, enforce our contractual agreements, prevent harm, promote safety, security and integrity or protect ourselves, including our rights, property or products.

5. Data transfers

The information we collect from you may be stored and processed in countries outside the EEA and UK. For any transfers of data from the EEA or the UK, the data transfer will be under the European Commission’s model contracts for the transfer of personal data to third countries (i.e., the standard contractual clauses; specifically, module one (controller to controller transfer) and/or module two (controller to processor transfer), as relevant, or the UK Information Commissioner’s international data transfer addendum to the EU standard contractual clauses, as relevant, unless the data transfer is to a country that has been determined by the European Commission or the relevant UK authorities, as applicable, to provide an adequate level of protection for individuals’ rights and freedoms for their personal data. Please contact us should you wish to examine a copy of these clauses.

6. Privacy rights

Depending on where you live, you may have certain rights in relation to your personal information. However, please note that a number of these rights only apply in certain circumstances, and all of these rights may be limited by law.

  • Access: You may have the right to request access to the personal information we hold about you.
  • Erasure: You may have the right to request that we delete personal information we hold about you.
  • Correction: You may have the right to request that we correct inaccurate personal information we hold about you.
  • Portability: You may have the right to receive a copy of the personal information we hold about you in a portable and, to the extent technically feasible, readily usable format, and to request that we transfer it to a third party.
  • Restriction of Processing: You may have the right to require us to stop, suspend or restrict our processing of personal information we hold about you.
  • Objection: You may have the right to object to our processing of your personal information.
  • Withdrawal of Consent: Where we rely on consent to process your personal information, you may have the right to withdraw this consent at any time.

To make a request described in this section, please contact us using the information provided below. While we aim to resolve all privacy-related questions or concerns, you may also have the right to complain to your local data protection authority about how we process your personal data.

7. How to contact us

Should you have any questions about our privacy practices or this Privacy Notice, please email us at privacy@joinopenstandard.com.