Principles & Rules
EkaBank regulation
- EkaBank is an universal credit system consisting of user accounts that share its principles and accept its rules without exception.
- EkaBank makes possible the credit without interests and costs to restore production to its natural function of human activity required to meet needs.
- EkaBank users are part of a single circuit managed by a payment system that only allows you to transfer money into it to exclude the possibility that transferred money out of the circuit can be lent out with interest.
- EkaBank system is based on users responsibility and self-control.
- EkaBank is not part of the banking system and does not receive money from outside the circuit.
- EkaBank has assets initially provided on behalf of manager, which if necessary can be increased up to 12,500 billion dollars.
- EkaBank services are absolutely all free.
- To participate to EkaBank you must be registered on EkaBank.
- May be users EkaBank persons and entities from all over the world.
- To be EkaBank user must open an EkaBank account.
- EkaBank account is denominated in grams of platinum 999/1000 to eliminate the effects of any inflation.
- EkaBank accounts are managed by multi-currency payment system KyberPay applying EkaBank rules and completely free of costs for opening, maintaining and closing.
- EkaBank accounts can operate solely with other EkaBank accounts.
- The accreditation of an EkaBank account can only with an EkaBank loan or debiting another EkaBank account.
- With an EkaBank account you can pay real-time payments in any currency and amount with the limit of available money on the account and receive interest-free loans.
- EkaBank accounts do not accrue interest.
- EkaBank users and accounts are protected by privacy regulations and made public only in the event of user default.
- To open an EkaBank account you must register at www.ekabank.org.
- Who is not able to register may do so by another user.
- EkaBank no gifts but grants a loan of any amount on trust and without interest to the user who requests it and plans to be able to return.
- Amount and terms of repayment of the loan must be reasonable and based on good faith of the user requesting the loan.
- The loan request can be submitted only on www.ekabank.org indicating the amount, destination and the time within which it must be repaid.
- The structure that manages EkaBank decides on the granting of EkaBank loans.
- EkaBank loan is credited to the EkaBank account of the user who requested it and must be repaid within the time specified in the user request.
- EkaBank loan is for all purposes a debt of the EkaBank user with the EkaBank system for which the operator can take action for recovery in any event of user default.
- EkaBank account of user constitutes proof of his debt if any.
- Who has a loan and wants another must first repay the old one unless EkaBank decides to extend the repayment period or the partial or total remission of the debt.
- EkaBank assumes loyalty and honesty of its users until otherwise proven.
- An algorithmic system ensures the proper management of EkaBank accounts.
- EkaBank account can be closed at any time by the user.
- EkaBank can close the EkaBank account in case of user default.
- EkaBank system has been designed so as to exclude external interference and will not be subject to suspension or interruption for any reason.
- For all effects and even contract, the rules and texts of EkaBank were written originally in Italian, which is evidence for each interpretation.
