Risk Disclosure
Policy

RISK DISCLOSURE POLICY

1. General Disclaimer

The information provided by Caiz, including but not limited to, content on its website, platform, applications, social media channels, or any other communication medium (collectively, the “Caiz Services”), is for informational purposes only and should not be construed as legal, financial, investment, tax, or any other form of professional advice. By accessing or using the Caiz Services, users acknowledge and agree to the following:

1.1. No Investment Advice

Caiz does not provide investment advice, and no information provided by Caiz should be interpreted as a recommendation, endorsement, or solicitation to buy, sell, or hold any crypto assets, securities, or financial instruments. Crypto assets, including those associated with Caiz, are subject to high volatility, regulatory uncertainty, and potential total loss of value.

Users should conduct their own research, consider their financial circumstances, and consult a qualified financial advisor before making any investment decisions. Caiz disclaims all liability for any financial losses incurred as a result of reliance on information provided through the Caiz Services.

1.2. No Legal or Tax Advice

Caiz does not provide legal or tax advice, nor does it guarantee compliance with any jurisdiction’s regulatory requirements. The legal and tax treatment of crypto assets varies widely across jurisdictions and remains subject to change.

Users are solely responsible for ensuring compliance with applicable laws, regulations, and reporting obligations, including but not limited to anti-money laundering (AML), counter-terrorism financing (CTF), tax reporting, and other financial compliance requirements. Caiz strongly recommends that users consult with qualified legal and tax professionals before engaging in any transactions involving crypto assets.

1.3. No Guarantees or Warranties

The Caiz Services are provided on an “as is” and “as available” basis without warranties of any kind, express or implied, including but not limited to:

• The accuracy, completeness, reliability, or suitability of any information, statements, or representations made through the Caiz Services;
• The uninterrupted, error-free, secure, or virus-free operation of its website, platform, or applications;
• The future value, performance, or liquidity of any crypto asset, including Caiz-affiliated tokens or digital currencies.

Caiz expressly disclaims any liability for any losses, damages, or adverse consequences arising from reliance on its services or information.

1.4. Not an Offer or Solicitation

Nothing contained in the Caiz Services constitutes an offer to buy, sell, or solicit investment in any financial instruments, crypto assets, securities, or other products in any jurisdiction where such offer, solicitation, or sale would be unlawful.

Users acknowledge that:

• The availability of Caiz’s services and products in certain jurisdictions is subject to regulatory approval and compliance with local laws;
• Any engagement in transactions involving Caiz or its affiliated cryptoassets is at the user’s own risk and discretion;
• Caiz does not make any representations regarding the legal status of its offerings under securities, banking, or financial services laws in any jurisdiction.

1.5. No Fiduciary Relationship

Caiz does not act as a fiduciary, trustee, broker, or agent for any user, investor, or third party. No communication, service, or action by Caiz creates a fiduciary duty, advisory relationship, or any other special legal relationship with users.

Users acknowledge and agree that:

• They are solely responsible for their investment decisions and financial activities;
• Caiz is not responsible for managing user assets or acting in their best financial interests;
• Any engagement with Caiz does not establish an advisory, custodial, or trust-based relationship.

By using the Caiz Services, users expressly release Caiz from any claims arising from reliance on its information, services, or statements. Users accept full responsibility for their actions and decisions regarding crypto assets, including compliance with applicable laws and regulations.

2. High-Risk Investment Warning

Crypto assets, including those associated with Caiz, are highly speculative and subject to significant risks that may result in the total loss of invested capital. The crypto market operates in an evolving regulatory landscape, and its unique characteristics present distinct challenges and uncertainties. Users must understand and accept the risks outlined in this section before engaging in any transaction involving crypto assets through Caiz or its affiliated services.

2.1. Market Volatility

Crypto assets are highly volatile and may experience sudden and extreme price fluctuations due to factors including, but not limited to:

• Market speculation and sentiment shifts;
• Regulatory actions, legal developments, or policy changes in different jurisdictions;
• Macroeconomic events, geopolitical instability, and financial crises;
• Changes in technological developments, security vulnerabilities, or system failures;
• Market manipulation, including wash trading, spoofing, and pump-and-dump schemes.

The value of crypto assets, including those associated with Caiz, is not backed by any government, central authority, or tangible asset, and their price can change unpredictably. Users must be prepared for the possibility that their crypto asset holdings may rapidly depreciate in value or become worthless.

2.2. Loss of Investment

Users engaging in crypto asset transactions, including purchases, trades, and transfers, do so at their own risk and acknowledge that they may suffer complete financial loss due to:

• Drastic price swings and market downturns;
• The collapse or insolvency of cryptocurrency exchanges, custodians, or counterparties;
• Loss or theft of private keys, passwords, or digital wallets;
• Errors in transactions, including sending assets to incorrect wallet addresses (which are irreversible);
• Unexpected technological failures, including software bugs, hardware malfunctions, or blockchain disruptions.

Caiz assumes no responsibility for any financial losses suffered by users, whether due to user error, market conditions, or unforeseen circumstances. Users are solely responsible for assessing their risk tolerance and financial capacity before engaging with crypto assets.

2.3. Liquidity Risks

Liquidity refers to the ability to buy or sell an asset without significantly impacting its price. Crypto assets, including those associated with Caiz, may experience low liquidity due to:

• Limited market participants or trading volumes;
• Delisting of tokens from exchanges due to regulatory, financial, or operational reasons;
• Network congestion, blockchain delays, or disruptions in trading platforms;
• Market downturns or panic selling that lead to the inability to exit positions.

Users must understand that they may not always be able to buy or sell their crypto  assets at their desired price or time. Illiquid markets can lead to significant price slippage, forcing users to sell assets at a loss or preventing them from executing transactions altogether.

2.4. Speculative Nature of Crypto assets

Crypto  assets, including Caiz-affiliated tokens, are highly speculative and do not inherently derive value from underlying tangible assets or government-backed guarantees. Their valuation is primarily influenced by:

• Market speculation, hype cycles, and investor sentiment;
• Adoption rates, use cases, and perceived utility;
• Regulatory developments and enforcement actions;
• The emergence of competing technologies or new crypto projects.

Users must be aware that crypto assets are not traditional financial instruments such as stocks or bonds and do not offer dividends, interest, or predictable returns. Investment in crypto assets is speculative, and past performance is not indicative of future results.

2.5. No Investor Protection Mechanisms

Crypto assets do not benefit from the same investor protections available in traditional financial markets. Users acknowledge that:

• Crypto transactions are irreversible, and there is no recourse for mistaken or fraudulent transactions;
• Crypto assets are not insured or covered by deposit protection schemes, such as the Federal Deposit Insurance Corporation (FDIC) in the U.S. or the Financial Services Compensation Scheme (FSCS) in the U.K.;
• Regulatory agencies, including the U.S. Securities and Exchange Commission (SEC) and the European Securities and Markets Authority (ESMA), may not classify crypto  assets as securities, leaving investors without traditional financial protections;
• In the event of exchange hacks, insolvencies, or fraud, users may have limited legal recourse, as many crypto platforms operate in jurisdictions with unclear or minimal investor safeguards.

Users must perform thorough due diligence before engaging with crypto assets, remain informed about regulatory developments, and assume full responsibility for any losses incurred. Caiz does not guarantee, reimburse, or compensate users for any investment losses, technical failures, or third-party misconduct.

By engaging with Caiz’s crypto asset offerings, users explicitly acknowledge and accept these high-risk investment warnings. Users should consult with professional financial, legal, and tax advisors before making any investment decisions in crypto assets.

3. Technological Risks

Crypto assets and blockchain technology are inherently reliant on complex and evolving technological systems that present unique risks and vulnerabilities. Users engaging with Caiz’s crypto asset offerings must understand that blockchain-based transactions and smart contracts operate in a decentralized and largely unregulated environment, where technological failures, cyberattacks, and protocol vulnerabilities can result in financial losses, loss of assets, and irreversible damage. By using Caiz’s services, users acknowledge and accept the following technological risks:

3.1. Blockchain and Distributed Ledger Risks

Blockchain technology, including distributed ledger technology (DLT), underpins the operation of Caiz-affiliated crypto assets. While blockchain networks offer enhanced security and transparency, they are subject to several risks, including but not limited to:

• Irreversibility of Transactions: Transactions recorded on a blockchain are permanent and cannot be altered, reversed, or refunded once confirmed. If users send crypto assets to an incorrect wallet address, lose access to their private keys, or fall victim to fraud, there is no recourse to recover lost funds.
• Network Congestion and Scalability Limitations: Many blockchain networks have limited transaction throughput, leading to delays, increased transaction fees, and failed transactions during periods of high demand. Users should be prepared for fluctuations in transaction processing times and costs.
• Hard Forks and Protocol Changes: Blockchain networks may undergo significant upgrades, including hard forks, which can result in network splits, creation of new tokens, or changes in transaction validation rules. Such events can impact the usability, value, and security of crypto assets.
• 51% Attacks and Network Manipulation: Certain blockchain networks are vulnerable to attacks by entities that gain majority control (over 51%) of the network’s computing power, allowing them to manipulate transactions, double-spend assets, or disrupt network operations.

Users must stay informed about developments in blockchain technology and understand that blockchain-related risks are unpredictable and may lead to loss of assets.

3.2. Smart Contract Vulnerabilities

Smart contracts are self-executing contracts with terms directly written into code and deployed on a blockchain. While they automate transactions and remove intermediaries, they are subject to:

• Coding Errors and Bugs: Smart contracts are immutable once deployed, meaning any errors in their code cannot be easily rectified. Flaws in contract logic may lead to financial loss, frozen funds, or unintended execution of transactions.
• Exploits and Malicious Attacks: Hackers and malicious actors frequently exploit vulnerabilities in smart contracts to siphon funds, manipulate transactions, or disrupt operations. Users should be aware that even audited smart contracts may still contain undiscovered vulnerabilities.
• Interoperability Issues: Many smart contracts interact with multiple protocols and blockchain networks. Bugs in one protocol or network can cascade into broader failures, affecting the functionality and security of interconnected contracts.
• Non-Reversible Execution: Unlike traditional contracts, smart contracts execute automatically without discretion or intervention, meaning users cannot cancel or modify transactions once initiated. This increases the risk of unintended consequences.

Users should exercise extreme caution when interacting with smart contracts, as errors or exploits can result in irreversible financial loss.

3.3. Consensus Protocol Susceptibility

Blockchain networks rely on consensus mechanisms to validate transactions and secure the network. However, different consensus protocols present distinct risks:

• Proof-of-Work (PoW) Risks: PoW blockchains (e.g., Bitcoin) require extensive computational power, making them vulnerable to mining centralization, high energy consumption, and 51% attacks.
• Proof-of-Stake (PoS) and Delegated PoS Risks: PoS-based blockchains (e.g., Ethereum 2.0) rely on validators who stake assets, creating risks of validator collusion, slashing penalties, and network centralization.
• Sybil and Eclipse Attacks: Some consensus protocols are susceptible to attacks where malicious actors create fake nodes or manipulate network peers to disrupt validation and consensus mechanisms.
• Finality and Reorganization Risks: Certain blockchain networks experience chain reorganizations or delays in transaction finality, leading to instability, double-spending risks, and loss of funds for users relying on unconfirmed transactions.

Users should understand that no consensus mechanism is infallible, and network disruptions, attacks, or protocol failures may impact the security and value of their crypto assets.

3.4. Cybersecurity Risks and Hacking

The digital nature of crypto assets makes them a prime target for cybercriminals and hackers. Users should be aware of the following cybersecurity threats:

• Exchange and Wallet Hacks: Centralized exchanges, decentralized finance (DeFi) protocols, and digital wallets are frequently targeted by cyberattacks. Stolen funds are often irrecoverable due to the pseudonymous nature of blockchain transactions.
• Phishing, Social Engineering, and Fraud: Scammers frequently use fake websites, emails, and social media profiles to trick users into revealing their private keys, seed phrases, or login credentials. Users must be cautious of unsolicited communications and verify the authenticity of platforms before engaging.
• Malware, Ransomware, and Keylogging Attacks: Malicious software can compromise devices, leading to unauthorized access to crypto wallets or theft of sensitive information. Users should employ strong cybersecurity practices, such as hardware wallets and two-factor authentication (2FA).
• Supply Chain Attacks: Hackers may target vulnerabilities in third-party service providers, software dependencies, or open-source projects to compromise user funds or private information.

Users are responsible for securing their accounts, private keys, and devices. Caiz assumes no liability for losses resulting from cybersecurity breaches, hacks, or fraudulent schemes.

3.5. Data Loss and Recovery Issues

Unlike traditional banking systems, crypto asset transactions do not provide centralized recovery mechanisms in cases of lost credentials, compromised wallets, or accidental transactions. Users must be aware of the following risks:

• Loss of Private Keys or Seed Phrases: Crypto wallets rely on private keys or seed phrases for access. If a user loses this information, their funds become permanently inaccessible, as there is no recovery option.
• Non-Custodial Nature of Blockchain Transactions: Many blockchain wallets are non-custodial, meaning users have sole responsibility for their assets. There is no centralized customer service or password recovery process.
• Smart Contract Failures Leading to Fund Loss: Errors in smart contract execution, interoperability failures, or protocol malfunctions may result in the permanent loss of assets.
• Protocol Downtime and Blockchain Forks: Temporary or permanent failures in a blockchain network, including unexpected forks, could lead to loss of transaction history, unconfirmed transactions, or asset duplication issues.

Users must securely back up their private keys and take necessary precautions to prevent data loss. Caiz is not responsible for any losses resulting from user negligence, forgotten credentials, or data breaches.

4. Legal and Regulatory Considerations

The legal and regulatory environment surrounding crypto assets, blockchain technology, and digital financial services is complex, evolving, and varies significantly across jurisdictions. Caiz operates in accordance with applicable laws and regulations but does not guarantee that its crypto asset related services comply with all regulatory requirements in every jurisdiction. Users engaging with Caiz must be aware of the following legal and regulatory considerations:

4.1. Compliance with International Laws

Crypto assets and blockchain-based financial transactions are subject to an array of international laws, regulations, and compliance frameworks, including but not limited to:

• Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) Regulations: Caiz complies with global AML/CTF obligations under frameworks such as the Financial Action Task Force (FATF) Recommendations and the EU’s AML Directives (AMLD5 & AMLD6). Users may be required to undergo Know Your Customer (KYC) verification, source-of-funds validation, and transaction monitoring to mitigate illicit financial activity risks.
• Sanctions Compliance: Caiz adheres to international economic sanctions imposed by the United Nations (UN), European Union (EU), Office of Foreign Assets Control (OFAC – U.S. Treasury), and other regulatory bodies. Users from sanctioned countries or individuals appearing on designated lists may be prohibited from accessing Caiz’s services.
• Taxation and Reporting Obligations: Users are responsible for complying with tax laws applicable in their respective jurisdictions, including capital gains tax, income tax, and reporting obligations under regulations such as the OECD’s Common Reporting Standard (CRS), and EU’s DAC7/DAC8 Regulations. Caiz does not provide tax advice, and users should consult tax professionals for compliance guidance.
• Data Protection and Privacy Laws: Caiz processes personal data in accordance with applicable data protection laws, including the General Data Protection Regulation (GDPR) (EU Regulation 2016/679), and other relevant frameworks. Users acknowledge that certain transaction data on public blockchains is immutable and may not be subject to traditional data erasure rights.

Users must ensure that their use of Caiz’s services complies with all applicable laws in their jurisdiction. Caiz does not assume liability for any legal consequences resulting from a user’s non-compliance with regulatory obligations.

4.2. No Legal Recognition as Currency

Crypto assets, including those associated with Caiz, do not hold the legal status of fiat currency in most jurisdictions. Users must be aware that:

• Crypto assets are not issued or backed by any government and do not constitute legal tender;
• No legal obligation exists for businesses, financial institutions, or governments to accept crypto assets as payment;
• Regulatory authorities, such as central banks and financial regulators, may classify crypto assets differently, categorizing them as commodities, securities, or digital assets, which may subject them to different legal frameworks.

Users acknowledge that the value, liquidity, and regulatory acceptance of crypto assets are subject to market conditions and jurisdictional policies, which may impact their usability and exchangeability.

4.3. Varying Jurisdictional Rules

Regulatory treatment of crypto assets differs widely across jurisdictions, creating significant legal and operational challenges. Users must be aware that:

• Some jurisdictions, such as the European Union (EU), Singapore, and Japan, have enacted regulatory frameworks for crypto assets, exchanges, and service providers, imposing licensing, capital reserve, and investor protection requirements;
• Regulatory interpretations of crypto assets vary, with some jurisdictions classifying them as securities (subject to financial market regulations), commodities (subject to trading laws), or property (subject to taxation and legal ownership rules).

Users are solely responsible for understanding and complying with the legal requirements in their jurisdiction. Caiz does not guarantee that its services comply with all local laws and reserves the right to restrict access to users from certain regions.

4.4. Legal Uncertainty of Smart Contracts

Smart contracts are self-executing agreements encoded on a blockchain, but their legal enforceability remains uncertain in many jurisdictions. Users must be aware that:

• Smart contracts may not be legally binding under traditional contract law in certain countries where formal agreements require physical signatures or regulatory oversight;
• Dispute resolution for smart contracts remains legally ambiguous, as existing legal frameworks do not always provide mechanisms for amending, terminating, or enforcing blockchain-based agreements;
• Jurisdictions such as the United Kingdom and Singapore have recognized smart contracts as legally enforceable under specific conditions, but legal treatment remains inconsistent globally;
• Errors or vulnerabilities in smart contract code may not provide legal grounds for remediation, and users may have limited recourse in the event of financial loss due to contract failures.

Users engaging with smart contracts assume full responsibility for understanding their technical and legal implications.

4.5. Risk of Regulatory Changes

The legal and regulatory landscape for crypto assets is evolving, and future changes may impact the availability, usability, and legality of Caiz’s services. Users must be aware that:

• Governments and regulatory bodies may introduce new laws or policies that impose stricter compliance obligations on crypto businesses, leading to operational changes, additional reporting requirements, or cessation of services in certain jurisdictions;
• Crypto assets that are currently unregulated may be classified as securities, commodities, or financial instruments in the future, subjecting them to new legal frameworks;
• Regulatory changes may impact the taxation, reporting, and trading of crypto assets, potentially increasing the financial and compliance burden on users;
• Caiz reserves the right to modify, restrict, or discontinue its services in response to regulatory developments, without prior notice to users.

Users should stay informed about regulatory updates in their respective jurisdictions and understand that legal uncertainties may impact their crypto asset holdings.

4.6. Restricted Jurisdictions

Due to regulatory restrictions and compliance obligations, Caiz may not provide services to users from certain jurisdictions. Users must be aware that:

• Caiz does not offer services to users located in jurisdictions where crypto asset transactions are prohibited, restricted, or subject to strict licensing requirements;
• Restricted jurisdictions include, but are not limited to, North Korea, Iran, and other countries subject to international sanctions or regulatory prohibitions;
• Users attempting to access Caiz’s services from restricted jurisdictions through VPNs, proxies, or other means assume full legal and financial liability for any consequences arising from their actions;
• Caiz reserves the right to block, terminate, or restrict accounts that are found to be in violation of jurisdictional restrictions without prior notice or recourse.

Users are responsible for ensuring that their engagement with Caiz complies with local legal requirements and must refrain from using the platform if they reside in restricted jurisdictions.

5. User Responsibilities and Liabilities

Users engaging with Caiz’s services acknowledge that crypto asset transactions involve inherent risks and legal obligations. By accessing or using Caiz’s services, users accept full responsibility for conducting due diligence, ensuring compliance with local laws, securing their crypto assets, and managing their tax obligations. Caiz shall not be liable for any losses, regulatory violations, or third-party service failures resulting from user actions.

5.1. Due Diligence and Risk Awareness

Crypto assets and blockchain-based services are complex financial instruments subject to significant volatility, technological vulnerabilities, and regulatory uncertainty. Users acknowledge and accept the following responsibilities:

• Independent Research: Users must conduct their own due diligence before engaging in any crypto asset transactions. This includes understanding the risks, technological implications, and legal frameworks associated with crypto assets and decentralized financial systems.
• Understanding Financial Risks: Users must assess their financial situation, risk tolerance, and investment objectives before engaging in crypto asset transactions. Crypto assets are highly speculative and may result in the total loss of invested funds.
• Awareness of Technological Risks: Users are responsible for understanding the risks associated with blockchain technology, including the immutability of transactions, susceptibility to smart contract vulnerabilities, and exposure to cybersecurity threats.
• Acknowledgment of No Guarantees: Caiz does not provide investment, legal, or tax advice, and users should seek guidance from qualified professionals before making financial decisions.
• Acceptance of Market Risks: Users acknowledge that crypto asset prices fluctuate unpredictably due to factors such as regulatory developments, market sentiment, technological changes, and speculative activity.

Users assume full responsibility for their actions, and Caiz shall not be held liable for any financial losses incurred as a result of user decisions.

5.2. Compliance with Local Laws

Users must ensure that their use of Caiz’s services complies with all applicable laws, regulations, and legal requirements in their respective jurisdictions. Key compliance obligations include:

• Jurisdictional Restrictions: Users must verify whether crypto asset transactions are permitted in their country of residence. Certain jurisdictions impose restrictions, bans, or licensing requirements for crypto-related activities, including trading, holding, or using digital assets.
• Regulatory Reporting Requirements: Some jurisdictions mandate reporting of crypto transactions to financial authorities, including disclosures under anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. Users must ensure they fulfill such obligations where required.
• Sanctions and Prohibited Activities: Users must not engage in transactions that violate international sanctions, financial crime laws, or illicit activities, including fraud, money laundering, terrorism financing, or other unlawful practices.
• Intellectual Property Compliance: Users must not use Caiz’s platform to infringe upon patents, copyrights, trademarks, or any other intellectual property rights of third parties.

Caiz does not assume liability for users who violate local laws and reserves the right to suspend or terminate accounts that engage in prohibited activities.

5.3. Responsibility for Private Keys and Wallets

Crypto asset transactions require users to securely manage their private keys and digital wallets. Users acknowledge that Caiz does not have access to or control over private keys, and any loss or theft of these credentials is solely the user’s responsibility.

• Self-Custody Responsibility: Users must securely store their private keys, seed phrases, and wallet passwords. Caiz does not offer private key recovery services and cannot assist in retrieving lost funds.
• Irreversibility of Transactions: Blockchain transactions are final and irreversible. If a user sends crypto assets to the wrong wallet address, loses access to their private key, or falls victim to fraud, Caiz cannot reverse the transaction or recover the funds.
• Security Best Practices: Users are advised to implement robust security measures, including multi-factor authentication (MFA), hardware wallets, and offline (cold storage) solutions to protect their digital assets.
• Liability for Unauthorized Access: Users are solely responsible for maintaining the security of their devices and login credentials. If an unauthorized third party gains access to a user’s wallet due to negligence, Caiz shall not be liable for any resulting financial losses.

Users must take full responsibility for safeguarding their crypto assets and ensure they use secure and reputable storage methods.

5.4. No Liability for Third-Party Services

Caiz may provide integrations, references, or access to third-party services, including but not limited to exchanges, liquidity providers, custodial wallets, decentralized applications (dApps), and payment gateways. Users acknowledge and agree that:

• Independent Third-Party Providers: Any third-party service accessed through Caiz is independently operated and not controlled, endorsed, or guaranteed by Caiz.
• Assumption of Risk: Users who engage with third-party services assume all associated risks, including security vulnerabilities, transaction errors, service outages, and regulatory non-compliance.
• No Responsibility for Third-Party Failures: Caiz is not responsible for losses resulting from hacks, fraud, operational failures, insolvency, or misconduct of third-party service providers.
• User Due Diligence: Users must assess the credibility, security, and regulatory compliance of third-party service providers before engaging with them.

Users engaging with external services do so at their own risk, and Caiz assumes no liability for any damages or losses arising from such interactions.

5.5. Taxation and Reporting Obligations

Users are solely responsible for determining and fulfilling their tax obligations related to crypto asset transactions. Caiz does not provide tax advice or assume responsibility for tax compliance on behalf of users.

• Tax Treatment of Crypto assets: Tax authorities in various jurisdictions classify crypto assets as property, securities, or commodities, which may subject users to capital gains tax, income tax, value-added tax (VAT), or other tax obligations.
• Self-Reporting Obligations: Users must accurately report crypto transactions, gains, and losses to relevant tax authorities and ensure compliance with national and international tax laws, including:

• • European Union VAT and capital gains tax regulations
  • OECD’s Common Reporting Standard (CRS) for automatic exchange of tax information
  • Global Financial Action Task Force (FATF) recommendations on taxation of virtual assets

• Cross-Border Tax Implications: Users conducting transactions across multiple jurisdictions may be subject to double taxation, withholding taxes, or reporting obligations under international treaties.
• Lack of Withholding by Caiz: Caiz does not withhold or remit taxes on behalf of users. Users must ensure they meet all tax filing and payment requirements independently.

Failure to comply with tax laws may result in penalties, fines, or legal consequences. Users should consult with a qualified tax professional to understand their tax obligations.

6. Limitation of Liability

By accessing and using Caiz’s services, users acknowledge and accept that crypto asset transactions involve inherent risks, and Caiz shall not be held liable for any direct, indirect, incidental, consequential, or special damages arising from the use, inability to use, or reliance on Caiz’s services. Users expressly waive any claims against Caiz for financial losses, operational disruptions, or regulatory consequences resulting from their engagement with crypto assets.

6.1. No Indemnification for Losses

Users understand and agree that:

• Caiz does not indemnify users against financial losses, damages, or claims arising from the use of its platform, products, or services;
• Crypto asset transactions are irreversible and inherently volatile, and users assume full responsibility for any losses incurred due to price fluctuations, failed transactions, or incorrect transfers;
• Losses resulting from technological vulnerabilities, cyberattacks, smart contract failures, or external hacking incidents are not covered by Caiz, as users are responsible for implementing adequate security measures;
• Users shall not hold Caiz liable for any losses incurred due to third-party service providers, including but not limited to exchanges, wallet providers, payment processors, and blockchain networks.

By using Caiz’s services, users acknowledge that they engage in crypto asset transactions at their own risk and shall not seek indemnification from Caiz under any circumstances.

6.2. No Responsibility for Market Conditions

Crypto asset markets are highly speculative and subject to extreme volatility, regulatory changes, and external economic factors. Caiz expressly disclaims any responsibility for:

• Fluctuations in the price, liquidity, or value of crypto assets available on or through its platform;
• Market downturns, unexpected price crashes, or asset depreciation that may lead to financial loss;
• Decisions made by users based on speculative market trends, public sentiment, or media reports regarding crypto assets or blockchain technology;
• The impact of global macroeconomic conditions, including inflation, interest rate changes, financial crises, or regulatory crackdowns, which may affect the crypto asset market.

Users are solely responsible for assessing market conditions before engaging in transactions and should not rely on Caiz for investment guidance or market predictions.

6.3. No Warranties for System Downtime or Errors

Caiz provides its platform, applications, and services on an “as is” and “as available” basis without any express or implied warranties regarding system uptime, uninterrupted service, or error-free functionality. Users acknowledge that:

• System outages, maintenance, upgrades, or unexpected technical failures may disrupt access to Caiz’s platform;
• Blockchain network congestion, gas fee spikes, or transaction delays may impact the timing and execution of transactions, which are beyond Caiz’s control;
• Smart contract vulnerabilities, coding errors, or exploits may result in failed transactions, loss of funds, or operational disruptions, and Caiz shall not be liable for such incidents;
• Integration with third-party services, such as wallets, decentralized applications (dApps), oracles, and payment processors, may lead to technical malfunctions or unexpected failures, for which Caiz assumes no responsibility.

Users understand that crypto asset systems are inherently experimental and evolving, and they assume all risks related to system downtime, transaction failures, or technical errors when using Caiz’s services.

6.4. Indirect or Consequential Losses

Caiz shall not be liable for any indirect, incidental, consequential, punitive, special, or exemplary damages resulting from users’ participation in crypto asset transactions, including but not limited to:

• Loss of profits, revenue, savings, or anticipated gains due to adverse market conditions, failed trades, or technical disruptions;
• Loss of reputation, business opportunities, or contractual relationships resulting from regulatory enforcement actions or market instability;
• Legal fees, penalties, fines, or compliance costs incurred due to changes in crypto regulations or enforcement actions taken by governmental authorities;
• Psychological or emotional distress, anxiety, or other non-financial losses associated with crypto asset investment risks.

Users expressly waive any claims for indirect or consequential damages against Caiz, regardless of whether such damages arise from negligence, technical malfunctions, or regulatory restrictions.

6.5. Force Majeure Events

Caiz shall not be held liable for any failure, delay, or inability to provide services due to force majeure events, which include but are not limited to:

• Acts of God, natural disasters, earthquakes, floods, fires, pandemics, or extreme weather conditions that disrupt blockchain networks, data centers, or internet infrastructure;
• Acts of war, armed conflict, terrorism, civil unrest, riots, government actions, or political instability that impact crypto asset regulations, banking services, or financial markets;
• Regulatory changes, government-imposed bans, licensing restrictions, or sudden enforcement actions that affect the availability of Caiz’s services in certain jurisdictions;
• Cyberattacks, ransomware, distributed denial-of-service (DDoS) attacks, or hacking incidents that compromise the security and functionality of Caiz’s platform or blockchain infrastructure;
• Power outages, telecommunications failures, server crashes, or network disruptions that prevent users from accessing their accounts or executing transactions.

In the event of a force majeure occurrence, Caiz reserves the right to:

• Suspend or modify its services until normal operations can be restored;
• Implement emergency security measures to mitigate risks and protect user data;
• Restrict access to certain jurisdictions if required by law or regulatory authorities.

Users acknowledge that force majeure events are beyond Caiz’s control and accept that service interruptions, financial losses, or restricted access resulting from such events shall not be grounds for liability claims against Caiz.

7. Amendments and Modifications

Caiz reserves the right to modify, update, or amend this Risk Disclosure Policy at its sole discretion to reflect changes in regulatory requirements, technological advancements, industry best practices, and business operations. Users acknowledge that crypto assets and blockchain technology operate in a rapidly evolving regulatory landscape, and Caiz must regularly update its policies to ensure compliance with applicable laws and maintain service integrity.

By continuing to use Caiz’s platform and services after any amendments or modifications to this Risk Disclosure Policy, users are deemed to have accepted and agreed to the updated terms. It is the user’s responsibility to regularly review this policy and remain informed about any changes that may affect their rights and obligations.

7.1. Policy Updates and Notifications

Caiz may revise this Risk Disclosure Policy at any time without prior notice to users, except where mandatory notification is required under applicable laws or regulatory directives. Users acknowledge and agree that:

• Policy revisions may be made due to changes in international laws, regulatory frameworks, or legal interpretations affecting crypto assets, smart contracts, and blockchain-based transactions;
• Updates may be implemented to reflect changes in Caiz’s risk management protocols, security measures, or operational policies, ensuring alignment with industry standards and emerging threats;
• Caiz may update the policy to address evolving market conditions, technological risks, or newly identified vulnerabilities that impact the security, functionality, or compliance of its services;
• Notification of significant updates may be provided via official communication channels, including but not limited to:

• • Email notifications to registered users;
  • Announcements on Caiz’s website or official blog;
  • Updates published through the Caiz platform or mobile application;
  • Public disclosures in accordance with legal or regulatory requirements.

Users agree that periodic updates to this policy are essential for ensuring compliance and risk mitigation, and they assume full responsibility for staying informed about any changes.

7.2. User Acceptance of Changes

Users acknowledge and agree that their continued access to and use of Caiz’s services constitutes implicit acceptance of any amendments or modifications to this Risk Disclosure Policy. Specifically:

• If a user disagrees with any updates to the policy, their sole remedy is to discontinue using Caiz’s services and, if applicable, close their account;
• Users who fail to review policy updates despite Caiz’s reasonable efforts to notify them are still bound by the amended terms, and lack of awareness shall not be a valid defence in any dispute;
• By engaging in crypto asset transactions on the Caiz platform after policy updates take effect, users explicitly acknowledge that they have read, understood, and agreed to the new terms;
• Caiz reserves the right to implement amendments immediately where required by law or where urgent security measures are necessary to protect users and the platform from fraud, cyberattacks, or regulatory non-compliance.

If any modifications to this Risk Disclosure Policy are deemed unacceptable to a user, they must cease all use of Caiz’s platform and withdraw their crypto assets, if applicable, in accordance with Caiz’s withdrawal policies.

8. Dispute Resolution and Governing Law

In the event of a dispute, claim, or controversy arising from this Risk Disclosure Policy, Caiz has established a structured resolution framework as specified in its Terms of Use, which is incorporated by reference in the present Risk Disclosure Policy.