Disclosure of Risk involved

Trading and financing trades in Digital Tokens entails certain risks. This risk disclosure statement cannot and does not disclose all risks and other aspects involved in holding, trading, or engaging in financing or financed transactions in Digital Tokens. Risks include, but are not limited to

The following:

Market Risk

The market for Digital Tokens is still new and uncertain. No-one should have funds invested in Digital Tokens or speculate in Digital Tokens that he / she is not prepared to lose entirely. Whether the market for one or more Digital Tokens will move up or down, or whether a particular Digital Token will lose all or substantially all of its value, is unknown. This applies both to traders that are going long and to traders that are shorting the market. Participants should be cautious about holding Digital Tokens.

Liquidity Risk

Markets for Digital Tokens have varying degrees of liquidity. Some are quite liquid while others may be thinner. Thin markets can amplify volatility. There is never a guarantee that there will be an active market for one to sell, buy, or trade Digital Tokens or products derived from or ancillary to them.

Legal Risk

The legal status of certain Digital Tokens may be uncertain. This can mean that the legality of holding or trading them is not always clear. Whether and how one or more Digital Tokens constitute property, or assets, or rights of any kind may also seem unclear. Participants are responsible for knowing and understanding how Digital Tokens will be addressed, regulated, and taxed under applicable law.

Exchange Risk (Counterparty Risk)

Having Digital Tokens on deposit or with any third party in a custodial relationship has attendant risks. These risks include security breaches, risk of contractual breach, and risk of loss. Participants should be wary of allowing third parties to hold their property for any reason.

Trading Risk

In addition to liquidity risks, values in any digital token marketplace are volatile and can shift quickly. Participants in any Digital Tokens market are warned that they should pay close attention to their position and holdings, and how they may be impacted by sudden and adverse shifts in trading and other market activities.

Risks Associated with Financing Activities

When you finance a purchase or sale of Digital Tokens on a peer-to-peer basis, you run the risk of losing your provided financing. Similarly, when you accept financing to enter a trading agreement, you accept the risk of not being able to repay that financing (e.g., if the market price of the Digital Token you purchased with the financing falls). Participants should know all of the terms of any contracts they enter and how their trading strategies and other market and risk factors can affect their financing obligations.

Legal Enforcement Policy

From time to time, Hashchains Technologies LLP may receive information requests about its customers from law enforcement agencies or courts from India. This page is here to provide you and law enforcement with information about how these requests are processed.

When Hashchains Technologies LLP is contacted, law enforcement agencies & Courts are generally interested in two types of data:

  • Customer / Consumers / Business Identity or KYC
  • Customer / Consumers / Business their trading activities

 

When information requests are received, Hashchains Technologies LLP requires that it be accompanied by appropriate legal process. This can vary from place to place. Hashchains Technologies LLP reviews each order to determine that it has valid legal basis and that any response is narrowly tailored to ensure that only the data to which law enforcement agencies & Courts is entitled is provided.

Hashchains Technologies LLP also reserves the right to make disclosures to authorities in order to protect itself, any Associates, and customers / consumers / business

Hashchains Technologies LLP welcomes inquiries from law enforcement agencies about its policies and procedures. Please contact our registered office by mail or post for the same. Any requests outside of India needs to be addressed through Indian Jurisdiction on paper. Any Verbal, Electronic or Telecommunications, will not be entertained.

Anti – Spam Policy

International anti-spam legislation and best practices in the industry require informed, opt-in consent to receiving commercial electronic messages; a meaningful unsubscribe option for recipients; and, proper identification of message senders.

Hashchains Technologies LLP needs your consent to communicate with you electronically to establish and maintain a responsible commercial relationship with you; to understand your needs and your eligibility for products and services; to recommend particular products, services, and opportunities to you; to inform you about trading and financing features; to provide information to you about developments and new products, including changes and enhancements to the Site; to develop, enhance, and market products and services, and provide products and services to you; to process billing and collection of any fees; to conduct surveys and get feedback from you; to deliver products and services to you; to provide you with news and other matters of general interest to you as a customer; and, to meet Hashchains Technologies LLP’s legal and regulatory requirements.

Internal policy

Information about internal policy adopted by Frontline Panthers regarding prevention of money laundering

Money laundering can be defined as introducing property values to economic turnover that benefit from a criminal act in order to give them a semblance of a legal origin. This practice is closely linked to criminal activities, usually in the most dangerous dimension, having in fact often organized character.

In order to prevent money laundering, Poland, like many other countries, has introduced to its legal system a law aiming to counteract money laundering as well as terrorist financing. Legal rules of the Act, along with provisions of other regulations having international character, which Poland is a party, specify rules and obligations relating to the prevention of money laundering.

The issue of anti-money laundering and counteracting terrorism has been regulated in the Act of 16 November 2000 on counteracting money laundering and financing terrorism (Journal of Laws No. 116, item. 1216, consolidated text of 16 March 2010., OJ . No. 46, pos. 276).

The policy covers, in particular:

  • keeping a record of transactions made through the Frontline Panthers platform that value exceeds the equivalent of EUR 3,000.00, even if the transaction is carried out by more than one operation, where circumstances indicate that they are related to each other and were divided into operations of less value with the intention of avoiding the obligation to register;
  • keep appropriate records for at least 5 years from the date of registration of the transaction;
  • use financial security toward users of the platform, including the identification of the user. The scope of an application is determined on the basis of risk assessment of money laundering and terrorist financing, made as a result of the analysis, including in particular the type of user of the Website, business relationships, products or transactions;
  • the introduction of the suspension of transactions, block of individual user accounts and freeze the assets deposited on them;
  • ensuring the participation of employees performing duties related to prevention of money laundering and terrorist financing in Frontline Panthers in training programs related to these obligations.

We additionally inform that in the case of referral to Frontline Panthers (by any state authority of Polish Republic, European Union or any other body appointed on the basis of an international agreement, which Republic of Poland is a party) of any ruling, which implies of the obligation to keep or transfer to a deposit account of the above institution user’s cash or cryptocurrency. In this case the account of the user can be suspended and accumulated funds sent to the previously mentioned deposit account or blocked for duration of the ruling. The same consequences will occur while blocking bank account where Frontline Panthers’s funds are deposited, basing on any act of the above mentioned body or institution. In this case, Frontline Panthers advises the user of the reason for blocking access their funds within 7 days, starting from the date when blocking took place. Frontline Panthers at the explicit request of the relevant authorities and agencies and upon presentation of relevant required documents, has the right to share user’s date to above described institutions.

Frontline Panthers reserves the right to not making transactions with entities located on the sanctions list conducted by the relevant institutions dealing with the prevention of money laundering, in particular in the framework of the United Nations, the European Union and the Office of Foreign Assets Control of the US Treasury Department (OFAC).

Warning about the risks associated.

Trading of goods, real or virtual, which include virtual currencies, involves significant level of risk.

Prices of goods, regardless of their nature or substance, have no permanent nature and are subject to constant change. Price fluctuations directly affect the value of assets held by an individual over time. Any good – virtual or not – can both gain value and become worthless over time. The same principles apply to virtual currencies – the so-called cryptocurrencies.

However, cryptocurrency trading, carries yet another risk, which in principle does not occur in the case of trading official currency and goods. Unlike most currencies, the value of which is somewhat moderated by the government or other legal entities, or stands in raw materials, cryptocurrency value is based on the development of technology and trust in the market and its participants. Cryptocurrencies neither have a centralized issuer, nor an institution in control of its turnover. The value of cryptocurrency units is determined solely by the free-market mechanisms of supply and demand in exchange services.. Cryptocurrency does not constitute an autonomous service and does not satisfy any needs by itself. Its only function is the role of a means of payment or a medium of money value exchange, which the holder may: exchange for a product or service in a store that accepts cryptocurrency payments; “transfer” electronically to any other person; store and exchange in the future, thus generating profit (or loss) resulting from the exchange rate differences.

Due to the fundamentals of the cryptocurrency trading system’s functioning, it is vulnerable to fluctuations in the level of confidence of market participants, which directly affects the level of demand or supply. The level of confidence can be affected both by purely economic factors and non-economic, including technological ones.

Given the above, please thoughtfully decide whether the existing degree of risk involved in the cryptocurrency trading is acceptable for you.

At the same time, for the avoidance of doubt, you are hereby notified that our platform’s use of the banking system is limited solely to the purpose of making deposits and withdrawals of funds necessary for the purchase or sale of cryptocurrency through our Website. Cryptocurrencies themselves are not subject to trade on the banking market.