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BasedApp is the trading name of SHA2 Labs Pte Ltd. SHA2 Labs Pte Ltd is a company registered and incorporated in Singapore (202200765H). BasedApp is not a bank and does not offer banking or depository service to its customers. Digital currency is not legal tender, is not backed by the government, and digital currency accounts and value balances on BasedApp are not subject to Federal Deposit Insurance Corporation or Security Investor Protection Corporation protections. The BasedApp Crypto Visa Debit Card is issued by Xfers Pte Ltd, a holder of Major Payment Institution licensed and regulated under the Payment Services Act of the Monetary Authority of Singapore. For more information on the terms of conditions of use for BasedApp, visit here.