disclaimer

Oxichange
2022-08-06 09:35
[Disclaimer Updates] Last update: 2023-12-11 (UTC+8)

This risk disclosure and compliance notice must be read together with the Oxichange Customer Agreement (Terms). Simply put, we expect you to understand the key compliance issues and liability clauses while trading on our platform.

Our Program’s Objective
We have created and implemented an anti-money laundering (AML), counter-terrorist financing (CTF), and economic and trade sanctions program to ensure a robust and compliant digital asset trading platform. Our aim is to promote lawful and transparent trading activities and maintain a strong reputation with clients, regulators, and the digital asset industry.

Regulatory Perspective
We understand that regulators have adopted various approaches toward laws and regulations related to digital assets. For example, some have defined or described digital assets as virtual financial assets (by Malta), convertible virtual currency (by the US FinCEN), or virtual commodities (by Hong Kong). As a trading platform, we believe that all digital assets available on Oxichange represent an innovative alternative asset class; therefore, digital assets should not be recognized as currency or money.

Disclosure
Digital assets are not fiat currency or money. Digital assets are not backed by any government or central bank. From time to time, we may express opinions on the various regulatory approaches adopted by government entities; however, we will fully comply with the laws and regulations of the countries in which we operate at all times. We regularly engage with regulators and the industry on the best approach to regulate digital asset businesses.

Our AML and CTF Program
We have designed our AML (Anti-Money Laundering) and CTF (Counter-Terrorism Financing) program through a multilayered, risk-based control system.

Risks
Trading in digital assets is recognized as a high-risk activity. Digital assets are not backed by any government or central bank. The risk of loss in trading or holding digital assets can be substantial. You should carefully assess whether engaging with, holding, or trading digital assets is suitable for you, given your financial circumstances.

Liability

Disclaimer of Warranties
To the maximum extent permitted by applicable law, the services, materials of Oxichange, and any product, service, or item provided by or on behalf of Oxichange are offered on an “as-is” and “as-available” basis.
Oxichange expressly disclaims all and any other warranties of any kind, whether express or implied, including but not limited to implied warranties of merchantability, fitness for a particular purpose, title, or non-infringement, or warranties arising from a course of performance, course of dealing, or usage in trade.

Disclaimer of Damages and Limitation of Liability
To the maximum extent permitted by applicable law, in no event will Oxichange, its affiliates, shareholders, members, directors, officers, employees, attorneys, agents, suppliers, or contractors be liable for any incidental, indirect, special, punitive, consequential, or similar damages (including without limitation damages for loss of data, information, revenue, profits, or other benefits).