Prohibited Activities

Prohibited Activities List

Bix is committed to upholding the highest standards of compliance, safety, and integrity across our financial ecosystem. This Prohibited Activities List outlines the categories of business activities, spending behaviors, and geographic locations that are either limited or prohibited when using Bix services. This list applies to all partners, platforms, and end users (e.g., cardholders) who interact with Bix products and systems.

I. Cardholder Prohibitions

A. Bix Cards cannot be issued to cardholders residing or registered in the following countries:

Belarus

China (Mainland)

Cuba

India

Iran

Iraq

Israel

Myanmar

Nepal

Nicaragua

North Korea

Russia

Syria

Turkey

Ukraine

Venezuela

Vietnam

Bix does not support onboarding or card use in jurisdictions that present heightened legal, regulatory, or sanctions risks. Cardholders in countries listed on international watchlists (e.g., FATF Grey List) require case-by-case review and explicit approval from Bix's Compliance leadership.

B. Bix Cards cannot be issued to entities engaged in the following types of businesses under any circumstances:

Businesses involved in illegal or highly regulated activities, including but not limited to:

Distribution of illegal substances or controlled drugs without proper licensing

Human trafficking, prostitution, or escort services

Sale of counterfeit or unauthorized goods

Pyramid schemes, Ponzi schemes, or other deceptive practices

Production or distribution of illegal digital content (e.g., child exploitation)

Political campaign fundraising or donation platforms

C. Bix Cards may be issued to entities with the following business models, subject to enhanced review and approval requirements such as evidence of licensing, regulatory compliance, and strong internal controls:

Money Service Businesses (MSBs) and remittance services

Cryptocurrency platforms and exchanges

Charities and non-governmental organizations (NGOs)

Precious metals dealers

Online content or creator platforms (e.g., subscription-based streaming or tipping)

Regulated gambling or fantasy sports operations

II. Spending Prohibitions

A. Bix Cards cannot be used for spending in the following countries:

Cuba

Iran

North Korea

Russia

Syria

Ukraine

Venezuela

Card usage is prohibited in each of the countries listed above, regardless of whether the cardholder is an entity or an individual.

B. Bix Cards cannot be used for any of the following types of purchases:

Purchase or trade of digital currencies (except as facilitated through the Bix platform)

Drug-related purchases, including marijuana, cannabis, CBD, and black-market items

Payments on dark web marketplaces or for hacking/cybercrime services

Internet pharmacies that are unlicensed or operate outside regulated jurisdictions

Firearms, ammunition, or explosives (Corporate)

Hazardous materials and chemicals without proper regulatory clearance

Escort services or similar platforms

Unlicensed or illegal auction sites

Unregulated lending or payday loan services

Data brokerage services, especially involving unauthorized personal data

Purchase or trade of endangered species or wildlife products

III. Financial Crime Prohibitions

Bix Cards and Services may not be used in connection with:

Money laundering, terrorist financing, or proliferation financing

Transactions involving the proceeds of illegal activity

Fraud, identity theft, or impersonation

Operating an unlicensed money services business or money transmission business

Tax evasion or facilitating tax evasion

Market manipulation, wash trading, spoofing, or layering

Front-running or insider trading

IV. Platform Abuse Prohibitions

The following activities are prohibited:

Creating multiple accounts to circumvent restrictions or limits

Using the Services on behalf of a third party without authorization

Reverse engineering, decompiling, or disassembling any part of the Services

Attempting to gain unauthorized access to Bix systems, accounts, or data

Using bots, scripts, or automated tools to interact with the Services without authorization

Circumventing or attempting to circumvent any security, compliance, or risk controls

Filing false or fraudulent chargebacks or disputes

Structuring transactions to avoid reporting thresholds or detection

Misrepresenting your location, identity, or jurisdiction of residence

Violation of this Prohibited Activities List may result in immediate suspension or termination of your account, forfeiture of funds, and referral to law enforcement authorities where appropriate.