The 1inch Card project will gradually cease operations, with new user registration already closed. Existing cards remain functional for now, but 1inch advises cardholders to withdraw or spend their balances no later than December 18. Funds held on the card are stored in an e-wallet issued by Monavate, a licensed electronic money institution, rather than being held directly by 1inch. Account closure, KYC verification, and personal data matters are handled by card service provider Crypto Life (CL). Under the issuer's terms, remaining funds can be redeemed within six years after account closure.