RISKS DISCLAIMER
1. THE RISKS ASSOCIATED WITH CRYPTOCURRENCIES
Cryptocurrencies are new technologies that often work differently from your prior experience. They entail various risks that you should understand. Before using Insaaph Capital, we encourage you to educate yourself about the risks associated with cryptocurrencies and not to invest money that you cannot afford to lose. We have highlighted some of the key risks below:
- Cryptocurrency transactions are generally irreversible. This means that you may not be able to recover the cryptocurrency where: (i) you send cryptocurrency to an incorrect address, (ii) you send the incorrect amount of cryptocurrency, (iii) you send cryptocurrency to a fraudulent scheme or (iv) cryptocurrency transactions are made fraudulently from your account. Insaaph Capital will not be liable to you for any losses resulting from these kinds of accidental or fraudulent transactions.
- The volatility and unpredictability of the price of cryptocurrency relative to local currency may result in significant loss over a short period of time. Buying and selling cryptocurrency could result in a complete loss of your funds.
- Insaaph Capital's Cryptocurrency Tokens and/or Coins are not backed by any entity. This means that you have no right of recourse against an issuing entity. It also means that neither Insaaph Capital nor anyone else has an obligation to buy back your cryptocurrency in the future.
- Insaaph Capital's Cryptocurrency Tokens and/or Coins are not considered legal tender and are not backed by any government. Accounts and value balances are not subject to any government-backed deposit insurance or any other government protections.
- Legislative and regulatory changes or actions at state or international level may affect the use, transfer, exchange, and value of cryptocurrency.
- Cryptocurrency transactions are deemed to be made when recorded on a “blockchain” ledger, which is not necessarily the date or time that you initiate the transaction.
- The value of each cryptocurrency is driven by the continued willingness of market participants to exchange that cryptocurrency for local currency. Should this demand disappear, it could result in permanent and total loss of the value of the cryptocurrency.
- There is no assurance that a person or business who currently accepts cryptocurrency as payment will continue to do so in the future.
- Buying and selling cryptocurrency may result in tax liability and you are solely responsible for complying with your tax obligations.
- The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack. You are responsible for keeping your Insaaph Capital account secure from these types of attacks.
- The nature of cryptocurrency means that any technological difficulties experienced by a service provider may prevent access to or use of your cryptocurrency.
2. INSAAPH CAPITAL'S BUSINESS CONTINUITY ARRANGEMENTS
In the unlikely event Insaaph Capital is unable to carry out (or ceases) its operations in one or more of our locations, Insaaph Capital has robust business continuity arrangements in place to ensure minimal impact on our customers. Having regard to the severity of the situation and the services which may be affected, the following measures may apply (where appropriate):
- Activation of a dedicated response plan;
- Notification to relevant regulatory authorities and compliance with any regulatory instructions issued; and
- Provision of regular updates to customers by way of a status page.
The preservation of customer funds will take utmost priority in the event that Insaaph Capital becomes unable to carry out its operations or ceases business.
We may be contacted at admin@insaaphcapital.com