Risk and Compliance Disclosures
This Risk and Compliance Disclosure should be read in conjunction with the Terms of Service (Services) of OKEX Technology Company Limited (“OKEX”), an entity registered as an International Business Companies Act Chapter 270 of the Laws of Belize, Revised Edition 2000, of Belize City, Belize with a company number of 166,480. In plain English, we want you to understand the very important risks and compliance matters while you trade on our platform.
- I.Trading is Risky
- The risk of loss in trading or holding digital assets can be substantial. You should therefore carefully consider whether trading in digital assets or any levered or derivative digital assets is suitable for you in light of your financial condition.
- II.OKEX Does Not Accept Nor Settle in Any Fiat Currency
- While other platforms can help you settle or withdraw in fiat currency, OKEX does not allow nor enable settlement or withdraws in fiat currency. OKEX is a digital asset-only trading platform. The plain English analogy is that if you are looking for a heavy metal concert, don’t go into a classical music concert by mistake … you may come out with a headache.
- III.Digital Assets are Not Money Nor Fiat Currency
- While there are other trading or exchange platforms that help convert or liquidate digital assets into money or fiat currency, we do not provide such service. OKEX does not view digital assets as money or fiat currency as digital assets are NOT backed by any government or central bank.
- IV.We Do Not Accept Certain Customers
- OKEX is an entity incorporated in Belize, which has certain benefits. However, we cannot and do not want customers in jurisdictions that have banned activities involving digital assets, required costly cross-jurisdictional regulations, or on international sanction lists. We simply don’t want to run afoul with various country’s regulations.
- V.We May Help Governments
- While we may not welcome costly regulations, we respect regulations and comply with applicable regulations. As good corporate citizens, we may be asked for information from law enforcement authorities and will assist if permissible by law. What this means is that our platform only welcomes law abiding customers. We welcome the opportunity to earn your business, in return we require that you act legally and properly on our platform.