Digital Asset Network definition
Examples of Digital Asset Network in a sentence
Furthermore, notwithstanding Section 8(m), Custodian cannot cancel or reverse a transaction that has been submitted to a Digital Asset Network.
When Client provides Instructions to Custodian, Client authorizes Custodian to submit Client’s transaction to the relevant Digital Asset Network in accordance with the Instructions Client provides.
Client acknowledges that NYDIG Execution cannot cancel or reverse transactions that have been submitted to a Digital Asset Network and does not guarantee that any transaction request submitted to a Digital Asset Network will be completed.
Client acknowledges that NYDIG Execution cannot and does not control any Digital Asset Network, and Client agrees that NYDIG Execution is not responsible for the services provided by any Digital Asset Networks, including verifying and confirming transactions that are submitted to the Digital Asset Networks.
Custodian has no control over the relevant Digital Asset Networks and therefore does not ensure that any transaction request Custodian submits to a Digital Asset Network will be completed.
Once a transaction request has been submitted to a Digital Asset Network, Client will subsequently not be able to cancel or otherwise modify Client’s transaction request.
Client acknowledges and agrees that the transaction requests Client instructs Custodian to submit on a Digital Asset Network may not be completed, or may be substantially delayed, by that Digital Asset Network and Custodian is not responsible for any delay or any failure of completion caused by that Digital Asset Network.
Based on the foregoing, Client acknowledges that (i) one or more transaction requests that NYDIG Execution submits to a Digital Asset Network in connection with an Order may not be completed, or may be substantially delayed, by that Digital Asset Network and (ii) notwithstanding Section 4(c), Client will not be able to cancel or otherwise modify a transaction request that NYDIG Execution has submitted to a Digital Asset Network.
Notwithstanding the foregoing, processing of a credit of Eligible Assets or cash may be delayed or rejected if, in Custodian’s good faith belief, that delay or rejection is reasonably necessary to comply with Custodian’s anti-money laundering and sanctions programs and policies, AML and Sanctions Regulations or any other requirements of Applicable Law, or if Client did not send Custodian an Instruction before effecting a transfer on a Digital Asset Network.