Risk Disclosure Statement

This Risk Disclosure Statement describes some general key risks associated with virtual currencies. However, please note that this statement cannot comprehensively disclose all possible risks related to the handling of virtual currencies. Please read this document carefully before buying, selling, or exchanging virtual currencies on the services offered by BUSINESS SHOP A&A.

Transactions of Digital Assets (as defined in the Terms of Use) involve significant risks of financial loss. You should not use Digital Assets that you are not willing to lose entirely.

This Risk Disclosure Statement addresses some of the main risks of transactions with Digital Assets but cannot describe all the risks or considerations involved in holding, trading, buying, or participating in any other Digital Asset transaction. This Risk Disclosure Statement is part of and uses certain terms defined in the Terms of Use.

1. Price Volatility

The intrinsic value of Digital Assets is entirely linked to market dynamics, where the interaction between supply and demand plays a decisive role. It is crucial to highlight that these assets exhibit notable volatility, surpassing the stability associated with most conventional fiat currencies and commodities. The fluctuation of Digital Assets, characterized by rapid changes, presents a particular feature that distinguishes them in the financial landscape, emphasizing the importance of carefully assessing market factors when considering their inclusion in financial strategies or investments.

2. Legal Risk

The legality surrounding Digital Assets, whether in their trading, acquisition, or possession, may present ambiguities and vary in accordance with the laws of various jurisdictions worldwide. It is important to note that clarity regarding the legality of participating in transactions related to these assets is not always guaranteed. Whether a Digital Asset can be considered property, an asset, or a right of any kind, and on what grounds it would be based, could experience significant variations from one jurisdiction to another.

It is your responsibility to thoroughly know and understand how the laws applicable to you, your property, rights, or assets limit, regulate, and tax the Digital Assets you use. The dynamic and changing nature of the legal framework in this area demands constant vigilance and updating to ensure proper compliance with relevant regulations in each specific legal context.

3. Limited Supervision

It is imperative to note that most Virtual Asset markets lack regulation and supervision by competent authorities. There is no centralized entity or authority that has the ability to take measures to safeguard the value of a Digital Asset in crisis situations or adjust its supply. The absence of an established regulatory framework leaves these assets exposed to market volatility without direct intervention from a supervisory entity.

This lack of centralized regulation poses significant challenges in terms of protection and stability, as there are no institutional mechanisms that can be activated to counter abrupt value fluctuations or to adjust the supply of Digital Assets in exceptional circumstances. As a user and participant in these markets, it is crucial to be fully aware of this unregulated environment and take additional precautions when assessing and managing risks associated with the investment and transaction of Virtual Assets.

4. Irreversible Transactions

Due to the decentralized nature, transactions with Digital Assets can be irreversible, and, consequently, losses due to fraudulent or accidental transactions may not be recoverable. BUSINESS SHOP A&A will process only those Digital Assets that are transferred as part of a transaction made through the Website, BSPay, or the API (or other tools managed by BUSINESS SHOP A&A) to the address indicated during such transactions. BUSINESS SHOP A&A assumes no responsibility for any accidental transaction, including, but not limited to, any transfer to an incorrect or inactive cryptocurrency wallet address, even if such address has been used in the User's previous transactions. However, at the User's request, BUSINESS SHOP A&A will make every possible effort to assist Users in tracking accidental transactions within the timeframes specified in the Terms of Use contract and will make every effort to return such Digital Assets to the owner if technically possible. All claims submitted after the expiration of the periods that BUSINESS SHOP A&A indicates in its policies will be ignored. All charges for return transaction fees will be paid by the User.

5. Internet Dependency

It is essential to recognize the presence of inherent risks when using internet-based transaction execution software, including, among others, possible hardware and software failures. BUSINESS SHOP A&A, aware of these challenges, maintains an independent and secure record of all transactions with the aim of minimizing losses. In addition, contingency plans have been implemented to minimize the likelihood of system failures.

It is crucial to note that BUSINESS SHOP A&A has no control over signal strength, reception, the route through the Internet, user equipment settings, or the reliability of their Internet connections. The consequence of any failure in these aspects could result in your transaction instructions not being executed as intended or, in some cases, not being executed at all. It is advisable for users to take additional precautions, such as checking the stability of their internet connection and properly configuring their equipment, to mitigate possible setbacks in transaction execution.

6. Unforeseen Risks

The novel nature of Digital Assets and blockchain technology inherently carries significant risks. In addition to the previously mentioned challenges, there are other risks associated with the acquisition, storage, transfer, and use of any Digital Asset, some of which may not be easily anticipated. The inherent complexity of these emerging technologies can lead to unforeseen risks, manifesting as unforeseen variations or combinations of already known risks.

It is crucial to recognize the evolving dynamics of these technologies and the possibility of new risks arising as they develop. The ability to anticipate and mitigate these risks is challenged by the continuous evolution of the technological landscape. As a user and participant in this environment, it is essential to adopt a cautious stance, stay informed about industry developments, and consider implementing proactive risk management strategies to adapt to changing circumstances and safeguard interests in the use of Digital Assets and blockchain technology.