| 1. |
VASPs shall publish a detailed description of all material risks associated with Virtual Assets, including but not limited to a specific statement that Virtual Assets—
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a. |
may lose their value in part or in full and are subject to extreme volatility at times; |
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b. |
may not always be transferable and some transfers may be irreversible; |
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c. |
may not be liquid; |
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d. |
some transactions are not private and may be recorded on public DLTs; and |
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e. |
may be subject to fraud, manipulation, theft, including through hacks and other targeted schemes and may not benefit from legal protections.
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