Updated and Effective as of April 17th, 2019
This Risk and Compliance Disclosure should be read in conjunction with the Terms of Service (Terms) of Relay Trade Limited (“Float SV”). In plain English, we want you to understand the 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. Float SV Does Not Accept Nor Settle in Any Fiat Currency
Float SV does not allow or enable settlement or withdraws in fiat currency. Float SV is a digital asset-only trading platform.
III. Digital Assets are Not Money Nor Fiat Currency
Our trading platform does not provide such services. Float SV does not view digital assets as money or fiat currency as digital assets are NOT backed by any government or central banks.
IV. We Only Accept Qualified Customers
Float SV seeks to be a robust international trading platform and a good corporate citizen. As a result, we cannot and do not want customers in jurisdictions that i) have banned activities involving digital assets, ii) require costly cross-jurisdictional regulations, or iii) are on international sanction lists. We cannot serve and do not accept to run afoul with various countries’ regulations.
V. We May Help Relevant Regulators When Necessary
While we may not welcome costly regulations, we respect regulations and comply with applicable regulations. As a good corporate citizen, 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 ethically on our platform.