Insurance

Damoon will meet the regulatory capital requirements under Article 67 of the Markets in Crypto-Assets Regulation (MiCAR) by obtaining an insurance policy.

The insurance policy is disclosed to the public on the crypto-asset service provider's website and has at least the following characteristics:

• It has an initial term of not less than one year.
• The notice period for its cancellation is at least 90 days.
• It is taken out from an undertaking authorised to provide insurance, in accordance with Union or national law.
• It is provided by a third-party entity.

The insurance policy and this information are published via the website www.paymonade.tech.

The CEO is responsible for publishing the insurance policy and the above information, and for updating it in the event of changes.