PLEASE READ THIS RISK DISCLOSURE POLICY CAREFULLY. BY USING AND ACCESSING OUR SERVICES, YOU ACKNOWLEDGE THAT YOU HAVE CAREFULLY READ THIS RISK DISCLOSURE POLICY AND UNDERSTAND ALL RISKS INCLUDING ASSOCIATED RISKS APPLICABLE IN USING OUR SERVICES.
The objective of this risk disclosure policy (“Policy”) is to provide you with some basic information concerning the risks and uncertainties associated with accessing and transacting through our platform and using our Services. This document is not intended to provide a comprehensive list of all risks associated with using our Services, nor shall it be deemed a substitute for independent financial, legal, or technical advice. By using and accessing any of our Services, you expressly acknowledge and agree that you have consulted an independent advisor of your choice to assess all risks relevant to your use of our Services. You further confirm that you understand and accept all such risks and associated risks, express or implied entirely at your own risk and responsibility. Unless otherwise expressly provided in this Policy, all capitalised terms used herein shall have the same meaning as set forth in the User Agreement.
By accessing to and using our Services, you irrevocably agree that you will not hold us liable for any losses, damages, or claims arising from your use of our services, and you unconditionally indemnify and hold us harmless from any costs, liabilities, or claims arising from your use of our Platform, including third-party claims. If you disagree with or are unwilling to accept any of these terms, you must immediately discontinue and terminate your use of our Services in accordance with the provisions of the User Agreement.
This Policy is provided solely for informational purposes and does not constitute an exhaustive list of all potential risks associated with the use of our Platform or Services. Any information on risk factors disclosed by us herein is not intended as comprehensive advice and should not in any manner whatsoever be construed as such. Users are expressly advised to perform their own independent verification, assessment and judgement concerning all risks involved and not to rely on this Policy as a substitute for independent advice or due diligence. The Company assumes no responsibility for any reliance on this Policy or part thereof by any Users prior to accessing or use of our Platform or Services. We strongly recommend that you seek independent, qualified advice to determine the suitability of our Services based on your financial resources, experience, objectives, ability to bear risks, and any other relevant circumstances.
Some risks associated with using our services may include, but are not limited to, those described below. However, this list is illustrative and non-exhaustive, and you should obtain independent advice on all relevant risks before engaging with our platform.
Our business, which may involve the use of cryptocurrencies, digital assets, blockchain and Web 3 technologies, operates within a dynamic and evolving regulatory landscape. The regulatory environment for digital assets is subject to frequent changes, both at a global level and within specific jurisdictions. These changes may impact the availability, use, and value of the services we provide. While our Company is committed to maintaining full compliance with all applicable laws, regulations, and compliance requirements in each country where we operate, regulatory risk is ultimately beyond our control. You are responsible for understanding and assuming any regulatory risks associated with using our Services, including the risk that certain digital assets or tokenised assets may be restricted, prohibited, or subject to regulatory scrutiny in your jurisdiction. In Malaysia, key regulatory frameworks that may apply to our business include the Capital Markets and Services Act 2007 and the Financial Services Act 2013. Please be aware that new laws, regulations, and guidelines may be introduced at any time, potentially affecting the scope and functionality of the services we provide. Our business is subject to regulations from various regulators within each jurisdiction we operate in, and such regulators may not always act in concert. As a result, we are subject to differing, and sometimes conflicting, laws and regulations in the markets in which we operate.
By using our Services, you agree to indemnify our Company from any regulatory liabilities and acknowledge that you fully accept all associated regulatory risks.
The blockchain technology used and adapted for our Services is complex and may involve certain technical risks. While we are committed to maintaining the highest standards of integrity and cybersecurity, it is important to understand that all technology-based platforms carry inherent risks. You acknowledge that there are cybersecurity and technological risks that may be beyond our control, which could affect your access to or use of our Services. External factors such as network congestion, technological glitches, fraud risks, or cyber-attacks may disrupt our platform and affect your transactions.
Furthermore, you may encounter periodic maintenance, both scheduled and unscheduled, along with potential system failures, server or connection disruptions, errors, omissions, data corruption, transmission delays or failures, or the presence of viruses or other malicious software. Such issues may lead to temporary interruptions or even cessation of access to our Platform and Services.
By accessing to and using our Services, you acknowledge and accept these risks as inherent to the use of technology, and agree to hold our Company harmless from any liability arising from such technological or cybersecurity risks.
By using our Services, you expressly recognise, agree, and acknowledge that holding digital assets inherently involves risks, especially concerning their value. Digital assets are highly volatile, and their value can be affected by various factors, many of which are beyond our control. These factors may include, but are not limited to, liquidity issues, overall market conditions, public sentiment, regulatory developments, levels of market acceptance, and rates of adoption. Despite any measures taken by our Company to support a stable environment, the value of digital assets may fluctuate significantly, and such fluctuations are not within our control. Prices may rise or fall unpredictably, and you may experience financial loss as a result.
We strongly encourage you to conduct thorough research and due diligence before using our Services or engaging with digital assets. By proceeding, you acknowledge that you fully understand and accept these risks. You agree to hold our Company harmless from any liability related to changes in the value of digital assets and irrevocably waive any rights to take legal action against us in connection with such risks.
By using our Services, you acknowledge and accept that there are inherent market adoption and liquidity risks associated with digital assets. While the demand for digital assets is growing, it is impossible to predict their future acceptance, adoption patterns, or potential use cases. The market for digital assets is highly dynamic, and factors such as evolving regulations, technological advancements, and shifts in consumer and business sentiment could impact their demand and liquidity.
Furthermore, the future of our Services may carry uncertainties, as market conditions and external factors beyond our control could influence the way digital assets and related services develop over time. By choosing to use our Services, you accept and assume these risks, understanding that market adoption, liquidity, and future demand for digital assets are uncertain and not guaranteed.
Due to the decentralised nature of digital assets and the global accessibility of our Services, digital assets and services may be available in jurisdictions beyond our primary market. You acknowledge that geopolitical and jurisdictional risks, including operational, legal, regulatory, and general market risks, are inherent in our Services. These risks may vary across different regions and could impact the value, utility, and accessibility of digital assets or our Services, including the potential for the Company to be compelled to cease or discontinue its business operations without prior notice due to changes in the regulatory environment or framework, increased compliance costs, market access challenges and etc. to our business operations.
By choosing to use our Services, you acknowledge and fully accept these risks as a condition of access and agree to hold the Company harmless from any liability arising from such geopolitical or jurisdictional challenges.
This Policy is designed to provide transparency regarding the risks associated with our Services. While we strive to mitigate risks through proactive measures, stakeholders should be aware that certain risks are inherent in the blockchain and digital asset ecosystem. By accessing to or using our Services, you acknowledge that you fully understand, agree, and accept that certain risks are inherent and unavoidable in this rapidly evolving technological environment, and you also accept and assume all risks, expressed or implied, known and unknown, foreseeable and unforeseeable, that may arise out of or in connection with the use of our Platform and Services.
You further agree and undertake to defend, indemnify and hold harmless the Company and its holding company (if any), subsidiaries (if any), affiliates, licensors and all its directors, members, officers, shareholders, partners, solicitors, employees, agents, service providers and all persons engaged by the Company in support of our Services (collectively referred to as “Indemnified Parties”), from any and all claims, investigation, demand, costs, damages, losses, liabilities, expenses (including solicitors’ fees and costs and/or regulatory action) arising out of or in connection with use of our Platform or Services, including but not limited to any losses or damages resulting from such risks, expressed or implied, known and unknown, foreseeable and unforeseeable which are beyond the Company’s control, such as technological changes, third-party actions, regulatory developments, and other unpredictable risk factors.
If you do not agree with these terms or cannot accept the risks involved, please refrain and cease from using our Platform and Services. Your continued access and use signify your full acknowledgment and acceptance of all risks.
This Policy is current as of its Effective Date stated at the beginning of this document and will be reviewed and updated annually to ensure continued compliance and risk mitigation in an evolving industry landscape. We reserve the right to amend or modify this Policy at any time, without prior notice to you. By accessing or continuing use of our Platform or Services, you acknowledge and agree that any such amendments or modifications are deemed accepted, and you are bound by the revised terms. If you do not agree to any changes, you must immediately cease using our Services.