This "risk and compliance statement" should be read with the "terms of service" ("Services") of HAPPYFINEX FOUNDATION LTD. ("PICKCOIN"). The company is established on the basis of the twenty-second chapter of the Singapore Company law, and the company is numbered D18567614O. In short, we hope that you will understand important risks and compliance issues when trading on our platform.
- transactions have a risk
The risk of loss in trading or holding digital assets may be great. Therefore, you should carefully consider the suitability of trading digital assets or any leveraged or derivative digital assets, depending on your financial position.
- PICKCOIN does not accept any legal currency
Although other platforms can help you fill or withdraw legal tender, PICKCOIN does not allow or provide legal tender settlement or withdrawal services. PICKCOIN is only a digital asset trading platform. Simply put, if you're going to a heavy metal concert, don't go into a classical concert, or you might get a headache.
III. digital assets are not money, nor legal money
Although there are other trading platforms that can convert or liquidate digital assets into money or legal tender, we do not provide such services. PICKCOIN does not regard digital assets as money or legal tender because they are not backed by any government or central bank.
- We don't accept some customers
We can not and do not want to serve some customers, such as customers from the local jurisdictions involving digital asset behavior, which require expensive cross jurisdictional regulation, or customers named on the list of international sanctions. We do not want to violate the rules of the country at all.
- We can help the government
Although we may not welcome expensive regulation, we respect the regulations and comply with applicable laws and regulations. As good corporate citizens, we may be asked to provide information by law enforcement agencies and will provide assistance where the law permits. This means that our platform only welcomes customers who obey the law. We welcome the opportunity to win your business. Accordingly, we ask you to act legally and correctly on our platform.