Customer Recognition Principles

• PARTIES

These Customer Identification Principles are established between Cryptofy.tech Technology Inc. and the individual(s) who registered on the Site to use the services offered via the website cryptofy.tech. They form an integral part of and supplement the currently effective User Agreement. These Customer Identification Principles are linked to the User Agreement and are valid together with this Agreement. No provision in this text may be interpreted separately or differently from the User Agreement. In case of a contradiction between this text and the User Agreement, the User Agreement shall prevail.

Under these Customer Identification Principles, Cryptofy.tech Technology Inc. and the individual(s) who registered on the Site to use the services offered via the website cryptofy.tech will collectively be referred to as the Parties.

• SUBJECT

Cryptofy.tech Technology Inc. has adopted the "Know Your Customer" (KYC) principle as an effective method of combating money laundering and the financing of terrorism, in accordance with the Law No. 5549 on the "Prevention of Money Laundering" and the Law No. 6415 on the "Prevention of the Financing of Terrorism." Users who register on the Site to use the services provided via the website cryptofy.tech are considered to have read, understood, and accepted the customer acceptance conditions and the provisions for customer identification in this document in order for the service relationship between the Parties to be maintained in compliance with the relevant regulations, based on mutual trust and transparency.

• DEFINITIONS and ABBREVIATIONS

KYC: Refers to these Customer Identification Principles and its content.
Cryptofy.tech: Refers to the company Cryptofy.tech Technology Inc., the operator of the Site, a private legal entity established under Turkish law. Cryptofy.tech operates commercially under its own name and is not an agent, branch, or representative of any domestic or foreign legal entity.
User/Users: Refers to the individual(s) who accept this agreement and register on the Site. Corporate memberships are not accepted.
Site: Refers to the web pages, web applications, application programming interfaces (APIs), and mobile applications operated by Cryptofy.tech on the website cryptofy.tech, encompassing the entire cryptocurrency trading system.
Cryptocurrency: Refers to virtual currencies that are encrypted using specialized software algorithms and traded based on virtual exchanges. Cryptocurrencies do not have physical equivalents like official currencies (e.g., TRY and Turkish Central Bank) and are not under the control of any central registration body. Cryptocurrencies are traded via digital databases known as "Blockchain." Cryptofy.tech accepts that Users are aware of and understand the features of cryptocurrencies.
Cryptocurrency Wallets: Refers to the unique and non-repeating virtual wallet addresses that Users can assign to their accounts. Each cryptocurrency uses a separate address algorithm and encryption, requiring a different wallet for each type of cryptocurrency.

• MEASURES AND PROCEDURES TAKEN BY Cryptofy.tech UNDER KYC

Cryptofy.tech takes necessary measures and acts according to the policies and procedures created in compliance with the relevant regulations as follows:

• The identity of the member is verified,
• The target of the user's transaction (the individual or legal entity benefiting from the transaction) is determined when necessary,
• Information about the purpose and nature of the transaction the user wishes to perform is obtained,
• The user's service usage status and their completed transactions are monitored,
• Measures are taken for users or transactions deemed suspicious.

Cryptofy.tech takes all necessary measures to maintain the functionality of the Site, ensure the system operates correctly, fulfill legal requirements, and prevent transactions that may constitute a crime. All employees of Cryptofy.tech are trained on this matter, and the User acknowledges that they are aware of the need to avoid performing any illegal or criminal transactions.

4.1. Identity Verification

Before establishing the service relationship between Cryptofy.tech and the User, the following information must be provided by the User:

• User’s full name
• User’s email address

Under KYC, the user information form on the Site will be filled out completely during registration and when the User Agreement is formed. Additionally, the User must upload a clear photo of their official identification document (e.g., Turkish Identity Card or Passport) to the Site through the system for Cryptofy.tech's approval. The User’s identity document must be verified through integration with Mernis (for Turkish citizens) and visual confirmation. Furthermore, the User must provide a document confirming their current residence address for address verification. Even if the User does not make any financial transactions, they must complete this identity verification step, which is equivalent to accepting the User Agreement.

Additionally, Cryptofy.tech may:

• a) Collect detailed information about the user's transactions, including the beneficiary of the transaction (whether an individual or a legal entity),
• b) Monitor and evaluate the user's transactions and personal profile,
• c) Track users with high transaction volumes (single or multiple exchange/sale transactions amounting to 100,000 TRY or more) or transactions considered risky/suspicious (even with low transaction volume but raising suspicions of non-compliance with regulations) and take necessary actions, including suspending or canceling the transaction when needed.

It is required that the counterparty of every trade or exchange transaction made by the Users within the Site (another User/buyer User) also completes this identity verification procedure. Otherwise, Cryptofy.tech has the right to refuse to approve the transaction.

4.2. Cases Where Membership Will Not Be Accepted/Will Be Terminated

The following individuals cannot be accepted as members of the Site, and in case of occurrence of the following situations, the membership will be immediately canceled:

• Attempts to open a User account with a fake name or identity document or failure to upload the required documents during the identity verification step on time,
• Individuals reported by local and international official organizations for engaging in illegal activities, such as violations of the laws No. 5549 and 6415,
• Individuals with connections to money laundering or terrorism financing, even if they do not provide identity information as listed above,
• User accounts associated with gambling or betting, or users identified as being involved in such activities.

4.3. Restricted Users

Even if individuals with the following characteristics are accepted as members of the Site, the approval of their user accounts will be at the discretion of Cryptofy.tech management, and approval may only be granted after necessary investigations are completed or restricted access may be granted:

• Non-governmental organizations, associations, foundations, political parties, and sports clubs,
• Members of parliament, political party representatives, employees of the Banking Regulation and Supervision Agency (BDDK), Capital Markets Board (SPK), and banks,
• Citizens of countries that restrict or completely ban cryptocurrency trading or legal entities established in such countries.

The status of users whose accounts are being reviewed or temporarily or permanently suspended due to the criteria in Section 4 above can always be changed by Cryptofy.tech based on its requirements.

4.4. Risk Analysis and Monitoring

As part of the customer identification measures, Cryptofy.tech protects, monitors, and controls the cryptocurrency trading platform against risks through risk analysis, monitoring, and control activities.

4.5. Findings and Measures Taken

As part of standard customer identification measures, the following findings must be made by Cryptofy.tech:

• Verification and confirmation of the customer's identity, address, ultimate beneficial owner, and authorized representatives within the framework of legal regulations and Cryptofy.tech’s internal policies,
• Screening of customers for potential risks related to international sanctions lists (including country risk assessment),
• Determining if the customer or related parties have political exposure or links to politically exposed persons,
• Investigation of relationships with high-risk countries under international sanctions and Cryptofy.tech’s internal policies,
• Verification of whether the transaction is being conducted on behalf of another person or account,
• Monitoring customer transactions to detect unusual activity,
• Verification of the source of income,
• Gathering information on the reason for doing business with Cryptofy.tech.

During customer acceptance or subsequent risk evaluations, Cryptofy.tech may implement enhanced measures for customers deemed risky based on the evaluation results. Independent of the risk evaluation results, enhanced measures may be taken based on national and international regulations, as well as current company practices.

• FINAL PROVISIONS

Cryptofy.tech may change the content of these KYC principles when necessary. The updated content of these principles will be effective on the date of publication on the Site. In case of a dispute, Cryptofy.tech’s records will be binding and conclusive.