RAIDOFINANCE OÜ (hereinafter “the Company”) has been conducting licensed activities for providing of cryptocurrency services through its Raido Finance platform (https://raidofinance.eu/) since September 2018. During this time, we have come a long way to improve the platform’s services and adapt to changes in several stages of licensing requirements in Estonia. The company got it’s audience of customers who trusted us and used our services.
Despite this, in September 2023, RAIDOFINANCE OÜ has made the difficult decision to renounce its license FVT000084 to operate as crypto currency service provider in Estonia, from October 1, 2023.
On September 18, 2023, we informed the customers via Raido Finance platform of our decision to cease the activities to provide crypto currency services.
This decision has been made after evaluating the Company’s business interests. Regrettably, under new regulations and requirements, we have decided to discontinue providing cryptocurrency services, and therefore, we will cease these specific services. As a result of this decision, the Company will no longer engage in any cryptocurrency service activities. All funds in fiat and cryptocurrency that are in customers' accounts will be returned to the customers in full.
Pursuant to Clause 13.3 of the Terms and Conditions, the Company has the right to terminate the User Agreement at any time and demand any User Account to be closed if the Company has fulfilled all prior obligations towards the User.
Pursuant to § 630 (1) of the Law of Obligations Act, both parties have the right to terminate the agreement entered into for an unspecified term at any time until the mandate is carried out.
According to the above, we hereby unilaterally terminate the User Agreements concluded between clients and RAIDOFINANCE OÜ as of September 30, 2023.
Clients have the right to make a full withdrawal of funds from their accounts. Regarding this issue, please contact [email protected]
We appreciate your understanding, and we would like to thank you for your trust in our Company over the years!