Singapore
Terms and Conditions for Digital Payment Tokens (DPT)
BEFORE YOU START: BUYING AND SELLING CRYPTO ASSETS IS INHERENTLY RISKY
Important Risk Acknowledgement
Buying, selling, holding, converting and transferring Digital Payment Tokens (DPT), including USDT and USDC, involves significant risks. By using REMSEA’s services for DPT transactions, you acknowledge and agree to the following:
Digital Payment Tokens Are High-Risk Assets
The value of DPTs, while claimed that they are pegged to certain real currencies, may still fluctuate widely and rapidly. These assets are volatile and may lose substantial value over time, potentially resulting in financial losses. You understand that digital currencies like USDT or USDC are not backed by any government or financial institution, and their value depends on market demand and other unpredictable factors.
No Guarantees on Price Stability or Liquidity
REMSEA does not guarantee that you will always be able to buy or sell DPTs at a stable or favorable price. Markets for DPTs can experience disruptions, reduced liquidity, or unavailability, leading to difficulties in completing transactions.
Regulatory Uncertainty
DPTs may be subject to new laws and regulations at any time. Regulatory changes could negatively impact the availability, use, or value of digital currencies, potentially resulting in restrictions or prohibitions on their trading or holding.
Custody and Transfer Risks
When holding or transferring DPTs, there is a risk of loss due to technological failures, cyberattacks, or mistakes in wallet or address usage. You acknowledge that REMSEA does not assume liability for any losses resulting from such incidents.
No Protection Under Deposit Insurance Schemes
Unlike traditional currencies, DPTs are not protected by insurance schemes such as the Singapore Deposit Insurance Scheme (SDIC). In the event of loss or failure of the platform, you may not be entitled to any compensation or recovery of funds.
REMSEA’s Role
REMSEA acts solely as a service provider for facilitating DPT transactions and does not provide financial, investment, or legal advice regarding digital currencies. You are responsible for making informed decisions based on your own risk tolerance and financial situation.
Customer Responsibility
By proceeding with REMSEA’s DPT services, you confirm that you have conducted adequate research and understand the inherent risks associated with holding and transacting in DPTs. You assume full responsibility for any financial losses that may arise.
Standard Risk Disclaimer
Digital Payment Tokens (DPTs) such as USDT and USDC are subject to extreme volatility and risk. Before proceeding with any transactions involving DPTs, ensure that you have thoroughly assessed your risk tolerance and have sought independent advice, if necessary. REMSEA does not guarantee any return on investment and is not liable for any financial losses. By using REMSEA’s services, you acknowledge and accept all associated risks.
Last Revised September 2024