RISKS REGARDING VIRTUAL ASSETS Sample Clauses

RISKS REGARDING VIRTUAL ASSETS. The value of Virtual Assets may change significantly (even on an intraday basis). While the volatility of the value of Virtual Assets is (perceived as) high, changes and advances in technology, fraud, theft and cyber-attacks and regulatory changes, among others, may increase volatility further – elevating the potential of investment gains and losses. In addition, Virtual Assets lack the historical track record of fiat currencies or commodities such as gold that could act as a reference point for historical volatility levels. Below is an overview of various risks generally associated with the holding and trading of Virtual Assets (the “Risk Factors”). They are merely a non-exhaustive and exemplary list of possible risks. A Virtual Asset represents a property right created through blockchain technology (also called “distributed ledger technology”) (“Virtual Asset”). The Virtual Asset can either hold a native utility, but no right against a third party, or it can hold a relative right against a third party. THE BANK STRONGLY RECOMMENDS THAT ALL CLIENTS AND PROSPECTIVE CLIENTS OF THE BANK AS WELL AS ALL PEOPLE INTERESTED IN USING THE BANK’S SERVICES (ALTOGETHER THE “CLIENTS”) SEEK OUT ADVICE FROM A PROFESSIONAL INVESTMENT ADVISOR BEFORE MAKING ANY INVESTMENT DECISIONS. The Client acknowledges that the use of the Banks services for placing orders entails considerable risks, which he/she must bear. The Bank shall use its best efforts to reasonably mitigate the Risk Factors to the extent technically feasible. Risk Factors
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