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Virtual Assets Risk Disclosure

Please read carefully the following risk disclosures. If you need a hardcopy, please obtain it from our Licensed Representative.

  1. virtual assets are highly risky and investors should exercise caution in relation to the products;
  2. a virtual asset may or may not be considered “property” under the law, and such legal uncertainty may affect the nature and enforceability of a client’s interest in such a virtual asset;
  3. the offering documents or product information provided by the issuer have not been subject to scrutiny by any regulatory body;
  4. the protection offered by the Investor Compensation Fund does not apply to transactions involving virtual assets (irrespective of the nature of the tokens);
  5. a virtual asset is not a legal tender, i.e., it is not backed by the government and authorities;
  6. transactions in virtual assets may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable;
  7. the value of a virtual asset may be derived from the continued willingness of market participants to exchange fiat currency for a virtual asset, which means that the value of a particular virtual asset may be completely and permanently lost should the market for that virtual asset disappear. There is no assurance that a person who accepts a virtual asset as payment today will continue to do so in the future;
  8. the extreme volatility and unpredictability of the price of a virtual asset relative to fiat currencies may result in a total loss of the investment over a short period of time;
  9. legislative and regulatory changes may adversely affect the use, transfer, exchange and value of virtual assets;
  10. some virtual asset transactions may be deemed to be executed only when recorded and confirmed by the Platform Operator, which may not necessarily be the time at which the client initiates the transaction;
  11. the nature of virtual assets exposes them to an increased risk of fraud or cyberattack; and
  12. the nature of virtual assets means that any technological difficulties experienced by the Platform Operator may prevent clients from accessing their virtual assets.