RISK DISCLOSURE POLICY
This Risk Disclosure Policy was published on February 2023.
This Risk Disclosure Policy is provided to the Users of Enon according to international best practice Standards.
Participating in the buying and selling of crypto currencies carries significant hazards, and is not the best choice for everyone. The worth of these digital tokens and associated products may vary dramatically, meaning that buyers could end up losing more money than they originally spent.
Before signing up with Enon or making any trades, individuals need to be aware of the potential risks associated with cryptocurrencies and be willing to accept them. Furthermore, they should only invest amounts they are comfortable losing. It is also important to consider the characteristics, instability, and legality of the cryptocurrency being used before opening an account.
If the User does not understand the risks related to cryptocurrencies, they should consult an independent financial advisor. If after obtaining proper legal and/or financial advice from a qualified professional, they still do not understand these risks, then they should refrain from using the services. Enon is not providing the User with any investment, legal, regulatory or other form of advice. The User is required to rely on his/her own judgment (with or without the assistance of an advisor) in using the services of Enon.
In asking Enon to provide its services, the User represents that he/she has been solely responsible for making his/her own independent appraisal and investigation into the risks of the Company’s services. There’s always a possibility of sudden and adverse shifts in trading and other market activities. If you choose to finance a transaction involving digital currencies through a peer-to-peer platform, there is a risk of not being able to meet the repayment requirements. Every cryptocurrency has its own features – blockchain, protocols, etc. and inherent risks which you must understand before investing in it. Accordingly, cryptocurrencies should be seen as an extremely high risk asset and you should never invest funds that you cannot afford to lose.
The legal status of certain cryptocurrencies or other related assets may be uncertain. This means that buying, selling, and/or storing cryptocurrencies may be regulated by different laws and regulations. Depending on the specific circumstances and jurisdictions involved, cryptocurrencies may constitute a commodity, currency or any other asset or financial product. Users are responsible for knowing and understanding how cryptocurrencies are addressed, regulated, and taxed under laws applicable to the Users.
This risk disclosure statement cannot and does not disclose all of the risks associated with activities performed by Users on the platform.
The User confirms and accepts that there are risks associated with using an Internet-based Platform. This may include (but is not limited to):
- software errors;
- hardware failure;
- delayed updates; and
- loss of Internet connection.
Apart from the risks mentioned above, there are risks related to malicious intent of other individuals that may result in unauthorized access to the platform, User’s account, due diligence information of the User, distribution of malware and other harmful software, and more.
The User agrees that during certain times of market instability (for instance, when there are dramatic changes in the cost of cryptocurrencies, or a large increase in the number of Users) the time in which orders and transactions are processed may need to be lengthened. There might also be potential risks that Enon did not anticipate or detect in this statement.