PRIVACY
POLICY
Last update: 09 of September, 2025
SCOPE AND CONSENT
This Data Protection and Privacy Statement (the "Statement") outlines the practices of BLOCKNEST CORP., a company duly incorporated and operating under the laws of the Republic of Panama (the "Company," "we," "us," or "our") regarding the collection, use, storage, and disclosure of personal data obtained from users ("you" or "your") of our website and services. By accessing or using our Website, you expressly consent to the data practices described herein, in accordance with Law 81 of March 26, 2019 (Panama Data Protection Law) and its regulations.
LEGAL BASIS FOR DATA PROCESSING
We process your Personal Data in compliance with Panamanian law on the following grounds: - Performance of a contract to which you are a party or to take steps at your request prior to entering into a contract. - Compliance with legal obligations under Panamanian law, including Law 23 of 2015 (AML/CTF compliance) and Law 81 of 2019 (Data Protection). - Pursuit of our legitimate interests, provided these do not override your fundamental rights and freedoms. - Your explicit consent, where applicable.
CATEGORIES OF PERSONAL INFORMATION COLLECTED
We may collect and process the following categories of personal data: - Identity Information: Full name, date of birth, nationality, and government-issued identification. - Contact Information: Email address, phone number, residential or business address. - Financial Information: Bank account details, payment history, and relevant financial data. - Technical Data: IP address, device information, browser type, operating system, and geolocation data. - Usage Data: Information about how you interact with our Website and Services.
PURPOSES OF DATA PROCESSING
Your Personal Data is processed for the following purposes: - To comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations (Law 23 of 2015). - To provide and maintain our Services. - To process payments and related transactions. - To respond to inquiries and provide client support. - To detect and prevent fraud, unauthorized access, and other unlawful activities. - To comply with regulatory and supervisory obligations under Panamanian law. - To improve our services and develop new features.
DATA RETENTION AND DELETION
We retain your Personal Data for the time strictly necessary to fulfill the purposes described in this Statement, unless a longer period is required by Panamanian law. In accordance with Law 81 of 2019, data must be deleted, anonymized, or blocked once the purpose of its processing has been fulfilled, except when retention is legally mandated (e.g., AML/CTF requirements under Law 23 of 2015: 5 years).
DATA SECURITY MEASURES
We adopt technical, organizational, and legal measures consistent with Law 81 of 2019 to ensure the confidentiality, integrity, and availability of Personal Data. These include encryption, access controls, internal policies, and employee training on data protection obligations. Nevertheless, no system can guarantee absolute security of information transmitted electronically.
THIRD-PARTY DISCLOSURES
We may share Personal Data with: - Service providers and business partners acting on our behalf under contractual confidentiality obligations. - Regulatory bodies, supervisory authorities, or the Unidad de Análisis Financiero (UAF), when legally required. - Legal, accounting, and professional advisors in the ordinary course of their services. - Third parties in connection with corporate transactions, subject to data protection safeguards.
INTERNATIONAL DATA TRANSFERS
If your Personal Data is transferred outside Panama, we will ensure compliance with Chapter VI of Law 81 of 2019. Such transfers will only occur where the receiving country has adequate data protection standards or where binding corporate rules, standard contractual clauses, or explicit consent are in place.
YOUR DATA PROTECTION RIGHTS
Under Law 81 of 2019, you have the following rights: - Right of access to your Personal Data. - Right to rectification of inaccurate or incomplete Personal Data. - Right to erasure (cancellation) of your Personal Data when its processing is unlawful or unnecessary. - Right to object to the processing of your Personal Data, based on legitimate grounds. - Right to data portability, where applicable. - Right to withdraw consent at any time. Requests must be addressed in writing to the contact information below and will be resolved within the timeframe established by Panamanian law
COOKIES AND SIMILAR TECHNOLOGIES
We use cookies and similar technologies in accordance with Panamanian consumer protection and electronic commerce regulations. For further details, please refer to our Cookie Policy
CHILDREN'S PRIVACY
Our Services are intended for individuals 18 years and older. We do not knowingly collect Personal Data from minors. If we become aware of such collection without parental authorization, we will take prompt steps to delete the data.
CHANGES TO THIS STATEMENT
The Company reserves the right to amend this Statement at any time. Updates will be published on our Website with the corresponding “Last Updated” date. We encourage users to review this Statement regularly to remain informed about our practices.
CONTACT INFORMATION
If you have any questions or wish to exercise your data protection rights, please contact us at: BLOCKNEST CORP. Email: legal@blocknest.solutions This document has been prepared by Lic. Ana Lorena Rodríguez, an attorney-at-law duly admitted to practice with professional license No. 13138.