Your Privacy: MEDRE’s Commitment to Data Protection

At MEDRE, we understand that trust is built on transparency and respect for your privacy. We are fully committed to safeguarding your personal information and adhering to the highest standards of data protection, as outlined in the General Data Protection Regulation (GDPR). This section outlines our commitment to data protection, including compliance with the General Data Protection Regulation (GDPR) and adherence to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Specific details regarding our data collection and handling practices can be found in our Privacy Policy and Terms of Service Agreement section, available on our website when launched. We prioritize transparency and want to ensure you have a clear understanding of how we protect your information while providing a seamless and secure investment experience.

dApp

When users engage with the dApp they are stakers, we will need to collect specific data to fulfill regulatory obligations and ensure a secure environment. This includes Personally Identifiable Information (PII) such as full name, date of birth, residential address, nationality, and contact details. Additionally, we’ll require identification documents like passports or national ID cards, along with proof of address documents. We’ll also track transaction data and on-chain data associated with the user’s wallet address.

This data collection is mandated by laws like the Anti-Money Laundering and Anti-Terrorist Financing Act (Wwft) and aligns with the forthcoming Markets in Crypto-Assets Regulation (MiCA). It’s also crucial for adhering to the General Data Protection Regulation (GDPR), ensuring transparency and user rights.

Collecting this data serves several key purposes. Primarily, it enables us to comply with KYC/AML regulations, preventing illicit activities like money laundering and terrorist financing. It also bolsters investor protection by ensuring only legitimate participants engage in transactions and staking. Additionally, it aids in transaction monitoring and helps us maintain necessary licenses and operate within the legal framework.

dApp Analytics and Your Privacy

We use Google Analytics 4 within our dApp to gather insights on user interactions and improve your experience. Rest assured; we prioritize your privacy. We only collect anonymized browsing data, such as pages visited and time spent, and no personally identifiable information is tracked or stored.

Open Market Token Purchases

Please note that when MEDRE tokens are purchased on the open market or through cryptocurrency exchanges, we do not collect or store any personal data related to these transactions. The exchanges themselves are responsible for conducting any necessary KYC/AML procedures in accordance with their own policies and applicable regulations. We are committed to working exclusively with fully MiCA-compliant exchanges to ensure the highest standards of investor protection and regulatory adherence.

Data Retention and Your Rights

In compliance with the Anti-Money Laundering and Anti-Terrorist Financing Act (Wwft), we are obligated to retain KYC/AML data for 5 years after a staker unstakes their tokens and ceases interaction with our platform. However, you have the right to request the erasure of your personal data at any time, subject to any legal obligations we may have to retain it.

Website traffic

For users who interact with our website, we employ a less intrusive approach to data collection. We utilize Google Analytics v4 to gather browsing data, which includes information about user interactions with the website. This data is anonymized or pseudonymized, ensuring individual privacy.

While we don’t collect PII directly from website visitors, we still adhere to GDPR requirements for processing browsing data. This involves obtaining user consent for cookie usage, providing clear information about our data collection practices, and allowing users to opt-out of tracking. We also comply with the ePrivacy Directive (Cookie Law), which necessitates user consent for using cookies or similar technologies.

Collecting browsing data helps us gain valuable insights into user behavior, enabling us to enhance website performance and tailor content to better serve our audience. It also aids in optimizing marketing campaigns and tracking their effectiveness.

Overall Commitment to Data Protection

Transparency is a cornerstone of our approach. We clearly communicate our data collection practices to users through our privacy policy and terms of service agreement. We implement robust technical and organizational measures to safeguard personal data from unauthorized access, loss, or alteration. Additionally, we empower users by providing them with the ability to access, rectify, or erase their personal data. We ensure that we have a lawful basis for processing personal data, such as user consent or legitimate interest.

By upholding these principles and transparently outlining our data protection practices in our whitepaper, we demonstrate our unwavering commitment to GDPR compliance and foster trust with potential investors.