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The provision establishes eligibility requirements tied to U.S. sanctions compliance and creates contractual representations regarding legal permissibility of use. This creates a mechanism for the platform to enforce sanctions-related restrictions through contractual breach and enables exclusion of sanctioned persons or entities.
Users are required to make binding representations regarding their sanctions status and legal eligibility at the point of accessing the service. Continued access operates on the basis that these representations remain accurate and that the user's activity complies with applicable law.
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"You further represent that you are not (a) the subject of economic or trade sanctions administered or enforced by any governmental authority or otherwise designated on any list of prohibited or restricted parties (including but not limited to the list maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury) or (b) a citizen, resident, or organized in a jurisdiction or territory that is the subject of comprehensive country-wide, territory-wide, or regional economic sanctions by the United States. Finally, you represent that your access and use of any of our Products will fully comply with all applicable laws and regulations, and that you will not access or use any of our Products to conduct, promote, or otherwise facilitate any illegal activity.— Excerpt from Uniswap's Uniswap Terms of Service
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The provision establishes eligibility requirements tied to U.S. sanctions compliance and creates contractual representations regarding legal permissibility of use. This creates a mechanism for the platform to enforce sanctions-related restrictions through contractual breach and enables exclusion of sanctioned persons or entities.
Users are required to make binding representations regarding their sanctions status and legal eligibility at the point of accessing the service. Continued access operates on the basis that these representations remain accurate and that the user's activity complies with applicable law.
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