In order to enable you to better understand the risks related to encrypted digital asset transactions, the Aibit platform now solemnly reminds you: Before conducting encrypted digital asset transactions on the Aibit platform, you should ensure that you understand and carefully evaluate the risks of encrypted digital asset transactions and understand your own risks. The ability to bear, after full consideration, decides to trade encrypted digital assets on the Aibit platform.
Tips on the Risks of Encrypted Digital Asset Transactions on Aibit
1. Currency transactions, OTC transactions, contract transactions and other online content on the Aibit platform are only provided to qualified users who meet the registration requirements of the Aibit platform (hereinafter referred to as "platform users").
2. Platform users shall conduct real-name authentication of registered accounts and supplement and improve personal information.
3. Platform users should take good care of their accounts and passwords, do not entrust others to manage their accounts, and do not inform others of their accounts and passwords, otherwise the resulting risks will be borne by platform users.
4. Platform users may face risks in terms of policy risk, compliance risk, revenue risk, transaction risk and force majeure risk in the process of trading encrypted digital assets on the Aibit platform. The specific risks are as follows:
- Policy risk: If the country (the countries in this notice include the mainland of the People's Republic of China, the Hong Kong Special Administrative Region, the Republic of Singapore, and the country where the platform users are located) changes in macro policies and relevant laws, regulations and policies, it may be Affect the normal transaction of encrypted digital assets, which in turn leads to losses for platform users.
- Compliance risk: During the transaction of encrypted digital assets, the risks caused by violation of national laws and regulations shall be borne by the platform users themselves.
- Income risk: Due to the particularity of the encrypted digital asset trading industry, the appreciation or depreciation of encrypted digital assets fluctuates greatly, and platform users should bear the risk of negative trading income and financial income.
- Transaction risk: The successful transfer transaction between platform users is based on the mutual recognition of the transfer behavior by both parties, and the Aibit platform does not promise or guarantee any successful transaction.
- Force majeure risk: refers to the occurrence of unforeseeable, unavoidable and insurmountable objective situations such as natural disasters, wars, strikes, hacker attacks, etc., which will seriously affect the normal operation of the Aibit platform, resulting in the loss of platform users or the theft of encrypted digital assets and so on. Aibit platform does not assume any civil liability for losses caused by force majeure.
- Delisting risk of encrypted digital assets: The developer of encrypted digital assets has bankruptcy, liquidation, dissolution, etc., or because of violation of national laws and regulations, Aibit will take it offline, or the developer of encrypted digital assets will take the initiative to request the offline to stop trading. risk.
- Technical risk: In the daily transaction of encrypted digital assets, the failure or error of the technical system may affect the normal operation of the transaction or cause the interests of platform users to be affected.
- Operational risk: the risk caused by platform users due to operational errors or violations of operational procedures.
- Account freezing risk: the risk of being judicially frozen or enforced due to a platform user’s default of debt or suspected illegal or criminal behavior.
Notice on Prohibited Behaviors of Encrypted Digital Assets Trading on Aibit
1. Money laundering, false transactions, illegal fund-raising, fraud and other acts are prohibited, the identity of others shall not be used for registration, and the KYC verification information shall not be intentionally concealed or falsified on the Aibit platform. The Aibit platform has the right to take measures such as freezing the account, terminating the use of the account, or hiding or delisting the encrypted digital assets for the platform users who have committed the above-mentioned suspicious behaviors.
2. Users from the following jurisdictions are prohibited from using all services: Mainland China, the United States, Canada, Japan, Cuba, Iran, North Korea, Sudan, Syria, Venezuela, Singapore and Crimea.
3. Users from the following jurisdictions are prohibited from trading derivatives: Taiwan, Spain, Hong Kong, Israel, Iraq, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, Sevastopol and the United Kingdom (retail users only).
*The list of restricted jurisdictions may change and vary based on changes to our policies and the services we provide to specific jurisdictions. We may not notify you of such changes. You will need to review the latest information on the Platform or this Agreement for such changes.
4. The matters notified in this risk notice are only listed in nature, and cannot list all the risks faced by platform users and all factors that may cause losses. Before trading encrypted digital assets on the Aibit platform, platform users should carefully read and understand the relevant trading rules, product activity content and other relevant agreements and the entire content of this risk notice, and make sure that they have made sufficient risk assessment and financial arrangements. , to avoid unbearable losses due to participating in encrypted digital asset transactions.
5. The risk of trading encrypted digital assets on the Aibit platform shall be borne by the platform users. The Aibit platform does not in any way make a commitment to the platform users that the principal of their encrypted digital assets will not be lost or that they will obtain certain income.
Platform Users Undertake
Platform users will not conduct any acts on Aibit that may violate the laws and regulations of the Mainland of the People's Republic of China, the Hong Kong Special Administrative Region, the Republic of Singapore and the countries where platform users have their domicile. In case of any possible violation of laws and regulations by users of the Platform or any transaction of users of the Platform triggers Aibit platform's risk control mechanism, users of the Platform agree that Aibit platform has the right to freeze or cancel their accounts and hold users of the Platform liable.