Risk and compliance statement
This "Risk and Compliance Statement" should be read in conjunction with the "Services" of Fintechonex FOUNDATION LTD. ("FT Exchange"). In short, we want you to understand important risks when trading on our platform And compliance issues.
I. Trading is risky
The risk of loss in trading or holding digital assets can be significant. Therefore, you should carefully consider whether digital assets or any leveraged or derivative digital asset transactions are suitable for you based on your financial situation.
II.FT exchange does not accept any fiat currency
Although other platforms can help you deposit or withdraw fiat currencies, FT Exchange does not allow or provide fiat currency settlement or withdrawal services. The FT exchange is just a digital asset trading platform. In simple metaphor, if you are trying to listen to a heavy metal concert, don't go wrong with a classical concert, otherwise you may come out with a headache.
III. Digital assets are not money or fiat currency
Although there are other trading platforms that can convert or clear digital assets into money or fiat currency, we do not provide such services. FT Exchange does not consider digital assets as money or fiat currency, as digital assets are not backed by any government or central bank.
IV. We do not accept certain customers
We cannot and do not want to serve certain customers, such as those from local jurisdictions that prohibit acts involving digital assets, which require costly cross-jurisdictional supervision or customers listed on international sanctions lists. We do not want to violate the rules of each country at all.
V. We can help the government
Although we may not welcome expensive regulation, we respect regulations and comply with applicable regulations. As a good corporate citizen, we may be required to provide information by law enforcement agencies and will provide assistance where permitted by law. This means that our platform only welcomes customers who comply with the law. We welcome the opportunity to win your business and, accordingly, we require that you act legally and correctly on our platform.