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Access Denial Policy

Updated 2024-06-28

Terms of Membrane PlatformPrivacy NoticeEnd User TermsCountry Risk PolicyAccess Denial Policy

Membrane Finance ("Membrane") can block individual addresses, programs, contracts, and EOAs ("Accounts") from sending, receiving, minting, and redeeming Membrane-issued EMTs on every blockchain on which the EMTs are issued. This document outlines when and how Membrane denies access to the aforementioned functions and why Membrane reverses access denial.

To read more about the technical implications of access denial, please refer to the respective developer documentation.

When Membrane Denies Access

Membrane will not deny access to Accounts except for when:

  1. Receiving a request to do so from a competent government body, authority, or supervisory agency;

  2. Receiving a request to do so from the owner & controller of an address, given sufficient proof; or

  3. Membrane deems denying access necessary to comply with a law, regulation, or legal order from a recognised Finnish or EU authority.

How Membrane Denies Access

Membrane denies access to an Account by adding the Account to a denial list. Such events are recorded on the relevant blockchain and emit an event where applicable.

Reversals of Access Denials

Membrane may revert denial of access upon receiving a request from the same entity that initially issued the access denial request and after sufficiently validating the request with relevant authorities. Membrane's internal committees will approve all reversals prior to execution unless their access had originally been denied under section two of "When Membrane Denies Access".

Third-Party Access Denial

On certain blockchains, it is possible for an owner or another third party to deny access to an account or to its assets, for example, via deploying a smart contract that locks the assets from being used or accessed. If an account or the assets within that account have been blocked by the owner or a third party, Membrane will not be able to assist in the reversal of said blocking. Replacements for assets blocked by the owner or a third party will not be provided.

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Membrane Finance Oy is an electronic money institution regulated by the Finnish Financial Supervisory Authority and authorised across the EU and EEA. Business ID FI32368862. LEI code 743700KYSSTKZYGEUF50.

No investment advice. The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice as defined in the Finnish Act on Investment Services (2012/747) or the European Markets in Financial Instruments Directive 2 (2014/65/EU) and you should not treat any of the website contents as such. The information on this website is general in nature and is not specific to you or any other user. You should not make any decision, financial, investment, trading or otherwise, based on the information presented on this website. Membrane Finance does not recommend that any virtual asset should be bought, sold or held by you. We strongly encourage you to conduct independent due diligence and consult your financial and/or legal advisor before making any investment decisions.

Accuracy of information. Membrane Finance will strive to ensure the accuracy of the information listed on this website, although it will not hold any responsibility for any missing or wrong information. Membrane Finance provides all information as is. You understand that you are using all information available here at your own risk and without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.

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