This analysis describes what Uniswap's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
The updated terms establish explicit prohibitions on circumventing access restrictions for tokens, including geographic and transfer restrictions imposed by token issuers. Users are now required to represent that they have reviewed issuer information about tokenized assets (stocks, ETFs, commodities) and comply with any restrictions on trading or holding these assets in their jurisdiction. The terms state that certain assets may not be available in all locations, and users must confirm they are eligible to trade these tokens under their local laws. If you trade tokenized assets, review the issuer restrictions and confirm your jurisdiction permits the trades you intend to execute.
View change record →The updated terms establish that Uniswap does not warrant the availability or legality of any digital asset in your jurisdiction, and does not represent that you are permitted to acquire, hold, or transact in any asset accessible through the platform. The revised language places full responsibility on you to determine whether any digital asset is lawfully available to you and to comply with any applicable transfer or holding restrictions. This means Uniswap is disclaiming liability for your compliance with local laws, KYC requirements, whitelisting requirements, or jurisdictional restrictions that may apply to specific assets.
View change record →How other platforms handle this
Any disputes or claims not subject to arbitration, as set forth in this section, will be resolved exclusively in the federal or state courts of New York, New York, and you and we consent to personal jurisdiction in those courts.
You may bring legal proceedings regarding the Terms either by following the arbitration procedure detailed in Section 16 the Terms or, if given the right by applicable law, by submitting the dispute to an arbitration administrator...
Except as provided in the dispute resolution section above, all claims arising out of or relating to these Terms will be brought exclusively in the federal or state courts of San Francisco, California.
"You agree that the federal and state courts of New York County, New York are the proper forum for any appeals of an arbitration award or for court proceedings in the event that this Agreement's binding arbitration clause is found to be unenforceable.Excerpt from Uniswap's Terms of Service
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The clause states: “You agree that the federal and state courts of New York County, New York are the proper forum for any appeals of an arbitration award or for court proceedings in the event that this Agreement's binding arbitration clause is found to be unenforceable.”
ConductAtlas has identified this type of provision across 263 platforms. See the full comparison.
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