Coinsquare

Summary of changes to our Terms and Conditions

Coinsquare is updating its Terms and Conditions of Use and Privacy Policy (collectively, the “Terms”), effective immediately for new users beginning on December 8, 2020 and for existing users January 7th, 2021. The updates to the Terms are intended to make them easier to read and to better describe our contractual relationship with you. Below are some highlights of the changes to each document. To see the entire scope of changes to the Terms that will govern your Coinsquare Account and use of the Coinsquare Services, please refer to the full Terms and Conditions of Use and Privacy Policy. If you disagree with the updated Terms, you may terminate your agreement with Coinsquare at any time by closing your Account.

Where a word or phrase is capitalized in the below summary, that word or phrase has the same meaning as it does in the updated Terms. 

Terms and Conditions of Use

  • Change in terminology from ‘Cryptocurrency’ to ‘Digital Asset’. 
  • Clarify that Coinsquare does not engage in a customer suitability review or provide investment advice to Clients. 
  • Update the provisions which detail the purchase and sale of Digital Assets and include information on the custody and title of assets. 
  • Clarify that use of Services may require you to report applicable tax losses or gains to the appropriate authorities, including to the Canada Revenue Agency.
  • Update the provisions relating to termination of your Account, and Coinsquare’s ability to suspend accounts.
  • Clarify our indemnification policy,  including the addition of a force majeure clause to limit our liability in unforeseen circumstances.

Privacy Policy 

  • Clarify that any future revisions to the Privacy Policy are at our sole discretion  
  • Update the definition of ‘Personal Information’ to further refine what is and what is not Personal Information

If you have additional questions, please contact us at support@coinsquare.com

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