COMPENSATION FUND

The International Crypto Authority is a dedicated body of experts whose skills are continually refined to ensure impartial and effective dispute resolution. Drawing on diverse specialisations, the team handles a broad spectrum of trading conflicts, regardless of frequency or complexity.

Our foremost aim is to deliver swift, balanced, and enforceable outcomes. Decisions are based on thorough fact-finding, international standards, and practical experience – all without recourse to external regulatory bodies. Every ruling is designed to uphold investor rights and interests.

The International Crypto Authority Compensation Fund operates as an internal mechanism within our independent body, established to maintain a secure and equitable environment for all parties involved in disputes. It serves as a financial safeguard in instances where a broker, either due to non-compliance with the Commission’s ruling or loss of membership status, fails to honour their obligations.

The Fund is sustained through monthly automatic deductions amounting to 10% of the membership fees paid by participating brokers. These contributions are transferred into a segregated account and are strictly reserved for fulfilling the Fund’s mandate. They may not be redirected for any unrelated use.

The Compensation Fund is intended to provide recourse for clients of accredited brokers who disregard or refuse to comply with the Commission’s determinations. It does not cover losses stemming from market risks, client decisions, or other factors unrelated to broker misconduct. Clients unaffected by broker insolvency or refusal to cooperate are not eligible under the Fund’s provisions.

If a broker fails to comply with a ruling, the Fund may issue financial redress to the client involved. Compensation is capped at €100,000 per case. In instances involving multiple claimants, the total sum is distributed proportionally among all eligible parties.

COMPENSATION DIRECTIONS

In case of a corresponding decision on payment of compensation, a special procedure and rules have been developed for its smooth implementation. Violating even one rule is unacceptable, since all of them are fundamental principles.

DISBURSEMENT SCHEDULE

Payouts are issued within 90 days following the Commission’s conclusive decision regarding the broker’s membership standing. It ensures thorough review and proper verification before any funds are released to claimants.

ENFORCEMENT MEASURES

The Commission reserves the right to initiate legal procedures and conduct necessary inquiries to guarantee compliance with payment obligations. Such actions help to ensure the integrity of the compensation process.

PROPORTIONAL ALLOCATION

In cases where total claims surpass the available limit, compensation is apportioned evenly among all eligible claimants. This approach ensures fairness and prevents preferential treatment in the resource distribution.

The Commission is dedicated to ensuring that compensation is awarded in a fair, timely, and transparent manner, while operating in full alignment with relevant legal and regulatory frameworks. To support the integrity and efficiency of the process, applicants are expected to fully cooperate by providing accurate information, responding to all requests promptly, and adhering to any procedural requirements set forth by the Commission.