Legal Disclaimer

Important legal and investment disclaimers related to cryptoasset risks, technology, and regulation. Provided in English and Spanish.

A. High-Risk Investment Product

  1. The value of investments and their returns may fluctuate significantly; the entire amount invested may be lost.
  2. Investments in early-stage projects involve high risk; understanding their business model is essential.
  3. Cryptoassets covered by this Circular are not protected by deposit or investor guarantee funds.
  4. Cryptoasset prices are formed without regulated market mechanisms ensuring fair pricing.
  5. Many cryptoassets may lack sufficient liquidity, making it difficult to exit positions without losses.

B. Technology Risks

  1. Distributed ledger technologies are still maturing; many networks are new and may have operational flaws.
  2. Consensus protocols could be vulnerable to attacks that alter transaction records—potentially resulting in asset loss.
  3. Anonymity features in crypto make them targets for cybercrime; stolen private keys may render recovery impossible.
  1. Acceptance of cryptoassets as payment remains limited and is not legally mandated.
  2. If an investor does not control the wallet or private keys, rights to the cryptoassets rely on the service provider’s terms.