RESTRICTED JURISDICTIONS POLICY

Krabiq AG

Last updated: 17.02.2026

Purpose of This Policy

This Restricted Jurisdictions Policy (“Policy”) outlines the geographic restrictions applicable to the provision of services by Krabiq AG (“Krabiq”, “we”, “us”, or “our”). As a Virtual Asset Service Provider established under the laws of Switzerland, Krabiq operates in accordance with applicable Swiss legislation, the recommendations of the Financial Action Task Force (FATF), relevant international sanctions frameworks, and its internal risk-based compliance standards.

Access to and use of our Services may be fully or partially restricted for certain countries, territories, or categories of users due to legal, regulatory, or risk management considerations. This Policy further describes the measures we implement to enforce such restrictions, including location verification procedures, technical access controls, and the potential consequences where attempts are made to circumvent these limitations.

General Principle of Territorial Restrictions

Krabiq’s Services are intended solely for Clients who are resident in jurisdictions where the offering of virtual asset services is legally authorized and permitted. We do not intentionally establish or maintain business relationships with individuals or legal entities located in countries where:

1. the provision of virtual asset services is prohibited, restricted, or otherwise unlawful;

1. applicable sanctions frameworks restrict or prohibit financial transactions, commercial dealings, or cooperation;

1. the jurisdiction presents an elevated regulatory or AML/CTF risk that exceeds our risk tolerance;

1. Krabiq AG is unable to adequately discharge its compliance, due diligence, monitoring, or reporting obligations;

1. the local financial system fails to meet internationally recognized standards, including those reflected in Swiss AML regulations, EU AML Directives, and FATF recommendations.

To ensure adherence to these requirements, Krabiq AG may implement a range of compliance and technical controls, including IP-based geo-restrictions, location verification mechanisms (such as GPS checks where appropriate), limitations on certain payment methods, enhanced identity and document verification procedures, and continuous monitoring of transactional and behavioral patterns.

Restricted Jurisdictions List

The countries listed below are classified as prohibited based on the Company’s internal risk assessment, sanctions exposure, and defined risk appetite. Certain jurisdictions may be classified as prohibited despite not being subject to comprehensive international sanctions.

The list does not represent an exhaustive FATF high-risk jurisdiction list and is applied in line with Krabiq AG’s risk appetite.

Geopolitical conditions, sanctions regimes, and regulatory frameworks evolve. Therefore, we
continually reassess the list of permitted and restricted jurisdictions.

1) Afghanistan	32) Russia
2) Algeria	33) South Sudan
3) Angola	34) State of Eritrea
4) Bolivia	35) Sudan
5) Bulgaria	36) Syrian Arab Republic
6) Burundi	37) Ukraine (occupied territories)
7) Burkina Faso	38) United Kingdom
8) Cameroon	39) Venezuela
9) Central African Republic	40) Vietnam
10) Congo DR	41) Virgin Islands
12) Cuba	42) Yemen
13) Federal Republic of Somalia
14) Gaza Strip
15) Guinea
16) Haiti
17) Kenya
18) Iran
19) Iraq
20) Lebanon
21) Libya
22) Mali
23) Moldova
24) Monaco
25) Myanmar
26) Namibia
27) Nepal
28) North Korea
29) Pakistan
30) Palestinian Territory
31) Republic of Belarus

Verification of Location and Residency

To ensure compliance with this Policy, Krabiq may determine and verify a user’s geographic location using a combination of technical and due diligence measures, including:

1. Analysis of IP address data and application of geo-restriction controls;

1. Verification of identification documents, including proof of residence, citizenship, or national identity;

1. Review of payment instruments and associated jurisdictional indicators;

1. Assessment of device-based location signals where available;

1. Evaluation of blockchain activity or transaction patterns that may indicate connections to restricted or prohibited territories.

Where discrepancies arise during the verification process — for example, where identification documents indicate residence in one jurisdiction but system access repeatedly originates from a sanctioned or high-risk country, Krabiq reserves the right to request additional documentation or clarification, temporarily restrict account functionality, suspend the account, or terminate the business relationship, as appropriate under applicable law and internal compliance procedures.

Prohibition on VPNs, Proxies, and Location Concealment Tools

Clients are expressly forbidden from:

1. Using virtual private networks (VPNs), proxy servers, Tor networks, or any other technologies designed to conceal, manipulate, or misrepresent their true geographic location;

1. Submitting false, inaccurate, or misleading documentation regarding their place of residence;

1. Attempting to access or use our Services from a restricted jurisdiction by circumventing technical or compliance controls.

Where Krabiq identifies or has reasonable grounds to suspect such prohibited conduct, it reserves the right to take appropriate corrective measures, including the temporary suspension or permanent termination of the account, the restriction or blocking of transactions (including pending withdrawals where legally permissible), the imposition of enhanced due diligence or additional verification requirements, and, where mandated by applicable law or regulatory obligations, the reporting of the relevant activity to competent supervisory, regulatory, or law enforcement authorities.

Client Responsibilities

Clients are required to:

1. Provide complete, accurate, and truthful information regarding their identity, residency, and location;

1. Promptly notify Krabiq of any change in residency or relevant circumstances;

1. Ensure that their use of the Services complies with the laws and regulations applicable in their jurisdiction;

1. Refrain from attempting to bypass geo-restrictions or compliance safeguards implemented by Krabiq.

Non-compliance with these obligations may result in account suspension or termination, regulatory reporting where applicable, and a permanent restriction on access to Krabiq’s Services.