Legal Disclaimer
Important legal and investment disclaimers related to cryptoasset risks, technology, and regulation. Provided in English and Spanish.
A. High-Risk Investment Product
- The value of investments and their returns may fluctuate significantly; the entire amount invested may be lost.
- Investments in early-stage projects involve high risk; understanding their business model is essential.
- Cryptoassets covered by this Circular are not protected by deposit or investor guarantee funds.
- Cryptoasset prices are formed without regulated market mechanisms ensuring fair pricing.
- Many cryptoassets may lack sufficient liquidity, making it difficult to exit positions without losses.
B. Technology Risks
- Distributed ledger technologies are still maturing; many networks are new and may have operational flaws.
- Consensus protocols could be vulnerable to attacks that alter transaction records—potentially resulting in asset loss.
- Anonymity features in crypto make them targets for cybercrime; stolen private keys may render recovery impossible.
C. Legal Risks
- Acceptance of cryptoassets as payment remains limited and is not legally mandated.
- If an investor does not control the wallet or private keys, rights to the cryptoassets rely on the service provider’s terms.