PRIVACY POLICY
Modified: 2-3-2024
1. Introduction
This Privacy Policy (hereinafter, the “Policy”) is enacted by BCF Services LTD (DBA Blockchain Factory)(“Company,” “we,” “us,” or “our”), a legal entity duly registered and headquartered in the United Arab Emirates (UAE). The Company is committed to safeguarding the privacy rights of all users (“Users,” “you,” or “your”) and ensuring compliance with all applicable data protection regulations, including but not limited to:
By accessing, browsing, or using our services and website (the “Website”), you acknowledge and consent to the collection, use, disclosure, and retention of your Personal Information in accordance with this Policy.
2. Country-Specific Privacy Regulations & User Rights
United Arab Emirates (UAE) – PDPL
Regulatory Authority: UAE Data Office
For detailed information, visit: https://tdra.gov.ae
The United Arab Emirates Federal Decree-Law No. 45 of 2021 on Personal Data Protection (PDPL) serves as the primary regulatory framework governing how personal data is processed, stored, and transferred within the UAE. Under this law, individuals have explicit rights regarding their personal data, ensuring transparency and accountability from businesses handling such information.
User Rights Under UAE PDPL:
The PDPL requires businesses to obtain explicit consent before processing data, ensure adequate security measures, and implement Data Protection Impact Assessments (DPIAs) for high-risk processing activities.
European Union (EU) – GDPR
Regulatory Authority: European Data Protection Board (EDPB)
For more information, visit: https://ec.europa.eu/info/law/law-topic/data-protection_en
The General Data Protection Regulation (GDPR) is the most comprehensive privacy framework in the EU, regulating how businesses collect, store, and process personal data. It applies to any organization that handles the personal data of EU citizens, regardless of the business’s location.
User Rights Under GDPR:
Businesses processing personal data under GDPR must maintain strict data protection measures, appoint Data Protection Officers (DPOs) when necessary, and adhere to privacy-by-design principles to minimize risk.
United States – Federal & State-Specific Privacy Laws
BLOCKCHAIN FACTORY complies with federal and state-specific privacy laws enacted across the United States. Privacy laws in the U.S. vary by state, with some jurisdictions providing extensive consumer protections similar to the California Consumer Privacy Act (CCPA) & California Privacy Rights Act (CPRA), while others are in the process of implementing new legislation.
California Consumer Privacy Act (CCPA) & California Privacy Rights Act (CPRA)
The CCPA, which became effective on January 1, 2020, and the CPRA, which took effect on January 1, 2023, significantly expand privacy rights for California residents. These laws grant consumers the following rights:
The California Privacy Protection Agency (CPPA) oversees enforcement and has the authority to impose fines for violations. Companies that collect, store, or process California residents’ data must ensure compliance or risk legal and financial penalties.
Other U.S. State Privacy Laws
Many other states have enacted or are in the process of enacting privacy laws that provide consumer rights similar to those in California. BLOCKCHAIN FACTORY ensures compliance with the following privacy laws:
While privacy laws vary, these states generally provide consumers with rights to access, correct, delete, and opt-out of data collection and sharing. Businesses handling consumer data in these states must adhere to applicable regulations, implement robust data security measures, and process privacy-related requests in a timely manner.
As U.S. data privacy laws continue to evolve, BLOCKCHAIN FACTORY remains committed to monitoring legislative updates and ensuring ongoing compliance with all relevant laws and regulations.
BLOCKCHAIN FACTORY complies with federal and state-specific privacy laws enacted across the U.S., including:
Each of these laws provides users with rights similar to those outlined in CCPA/CPRA, ensuring that businesses disclose what data is collected, allow users to access and delete their personal information, and implement robust security measures.
3. Collection and Use of Personal Information
BLOCKCHAIN FACTORY, registered and headquartered in the United Arab Emirates (UAE), collects and processes personal information in accordance with the UAE Federal Decree-Law No. 45 of 2021 on Personal Data Protection (PDPL), which serves as our primary regulatory framework. The company also complies with international privacy regulations such as the General Data Protection Regulation (GDPR) in the EU and various U.S. state privacy lawswhere applicable. However, all data handling, processing, and retention policies are governed first and foremost by UAE law.
We collect personal information to facilitate identity verification, account creation, service enhancements, compliance with financial regulations, fraud prevention, and marketing analytics. We ensure that all data processing activities are conducted with transparency, proportionality, and security in accordance with UAE PDPL and relevant international standards.
BLOCKCHAIN FACTORY collects and processes personal information for various essential purposes that enhance security, functionality, and service efficiency. Data collection supports account creation, identity verification, fraud prevention, compliance with AML regulations, and marketing analytics.
4. Cookies and Tracking Technologies
BLOCKCHAIN FACTORY utilizes cookies and tracking technologies to enhance user experience, optimize website functionality, and uphold security protocols. As a UAE-based entity, we comply with UAE PDPL’s consent and transparency requirements regarding the collection and use of cookies. Additionally, we align with GDPR and U.S. privacy laws when processing data for users in those jurisdictions.
Types of Cookies We Use:
Users may manage cookie preferences via browser settings. While disabling cookies may impact certain features, we respect user choices in compliance with UAE regulations and global best practices.
BLOCKCHAIN FACTORY employs cookies to enhance user experience, improve system functionality, and provide security. Users may manage cookie settings through their browsers.
5. Response Timing and Format
We use good faith efforts to respond to a verifiable consumer request within forty-five (45) days after its receipt. If we need more time (up to 90 days), we will inform you of the reason and the needed extension period in writing.
If you have an account with us, we will deliver our written response to that account. If you do not have an account with us, we will deliver our written response by email.
Any disclosures we provide will only cover the 12-month period preceding the verifiable consumer request’s receipt. If we cannot comply with any portion of a request, the response we provide will also explain why, if applicable. For data portability requests, we will select a commercially reasonable format to provide your Personal Information that is commonly useable and should allow you to transmit the information from one entity to another entity without hindrance, but we do not guarantee that all formats are useable in all media. We do not charge a fee to process or respond to your verifiable consumer request unless it is excessive, repetitive, or manifestly unfounded. If we determine that the request warrants a fee, we will tell you why we made that decision and provide you with a cost estimate before completing your request.
6. Fair Information Practices Principles (FIPP)
BLOCKCHAIN FACTORY adheres to the Fair Information Practices Principles (FIPP) as outlined under the UAE PDPL, ensuring that all data collection, processing, and storage are conducted ethically and transparently.
Core FIPP Principles Applied to UAE Law:
BLOCKCHAIN FACTORY adheres to FIPP, ensuring transparency, data minimization, user rights, and breach notification procedures.
7. CAN-SPAM Act Compliance & Electronic Communications Regulations
While BLOCKCHAIN FACTORY operates under UAE jurisdiction, we also adhere to electronic communications regulations applicable in other jurisdictions, including the CAN-SPAM Act (United States) and GDPR electronic communications guidelines (EU).
Key Email & Electronic Communication Standards:
We ensure compliance with CAN-SPAM Act, including clear sender identification, accurate subject lines, and easy opt-out mechanisms.
8. Children’s Privacy Compliance
BLOCKCHAIN FACTORY prioritizes the protection of minors and complies with UAE PDPL, which enforces strict regulations on the collection and processing of children’s data. Additionally, we comply with international laws such as the Children’s Online Privacy Protection Act (COPPA) in the U.S. and relevant EU GDPR provisions on minors.
Key Child Privacy Protections Under UAE PDPL:
If we become aware of any unauthorized collection of a minor’s personal data, we will take immediate steps to delete the data and notify relevant authorities as required by UAE regulations.
BLOCKCHAIN FACTORY complies with COPPA and UAE PDPL, ensuring children’s data is only processed with explicit parental consent.
9. International Data Transfers
As a UAE-registered company, BLOCKCHAIN FACTORY prioritizes compliance with UAE PDPL for all cross-border data transfers. Our policies also align with GDPR (EU), U.S. state laws, and other applicable international regulations when handling personal information of users outside the UAE.
International Transfer Standards:
Our cross-border data transfers comply with UAE PDPL, GDPR, and U.S. privacy laws, ensuring secure data handling and regulatory adherence.
10. User Rights & Contact Information
BLOCKCHAIN FACTORY recognizes and enforces user data rights in accordance with UAE PDPL as the primary legal framework, with compliance to GDPR and relevant U.S. state privacy laws where applicable.
Your Rights Under UAE PDPL:
Users who wish to exercise these rights or inquire about their data protection can contact us at:
privacy@blockchainfactory.io
Users can access, modify, delete, or restrict their personal data in accordance with UAE PDPL and other applicable laws. Privacy requests should be directed to privacy@blockchainfactory.io
11. Policy Updates
BLOCKCHAIN FACTORY reserves the right to update this Privacy Policy periodically to reflect changes in UAE data protection laws, emerging security standards, and business operations. Any updates will be communicated through our website and direct notifications where required.
This Privacy Policy is subject to periodic updates. Users will be notified of significant changes via email or website announcements.