Risk Disclosure Statement
ChangeNOW outlines some general key risks that users and their virtual currencies are subject to. Please note, however, that this Statement may not exhaustively disclose all the possible risks of trading your assets. Please read this document carefully before buying, selling or exchanging virtual currencies.
Digital asset transactions carry significant risks of financial loss. You should not use digital assets that you are not prepared to lose entirely.
Digital asset transaction risks include, but are not limited to, the following:
High price volatility
The value of digital assets is derived entirely from the market forces of supply and demand, and they are much more volatile than most fiat currencies and traditional commodities.
The legality of Digital Assets, their trading, purchase or possession may not be clear and may vary depending on the laws of different jurisdictions around the world. This means that the legality of engaging in digital asset transactions is not always clear. Whether and on what basis a Digital Asset may constitute property, an asset or a right of any kind may vary from jurisdiction to jurisdiction. You are responsible for knowing and understanding how laws applicable to You or Your property, rights or assets limit, regulate and tax the Digital Assets You use.
Most of the virtual asset markets are not regulated or supervised by any relevant authority. There is no centralized authority or entity that can take action to protect the value of a Digital Asset in a crisis or adjust its supply.