Risk Disclosure
Last updated 17th January 2025
1. INTRODUCTION
1.1. This Risk Disclosure Statement applies to the electronic trading platform (including mobile applications and websites) provided by Rebble, a product of Syarpa Digital Solutions Limited (referred to as "the Company," "we," "us," or "our"). 1.2. By using the Rebble Platform ("the Platform"), you acknowledge that you have read, understood, and accepted the risks outlined in this document. This statement forms part of the Terms and Conditions Agreement between you (the "User") and the Company. 1.3. You are solely responsible for assessing the risks of trading Digital Assets (e.g., cryptocurrencies like Bitcoin or Ether) and using the Platform. The Company does not offer advice or recommendations about Digital Assets or investment strategies. 1.4. Trading involves significant risks, including the potential for total loss of your assets, and you should only proceed if you fully understand these risks and can afford to lose your investment.
2. RISKS RELATING TO DIGITAL ASSETS
Digital Assets are decentralised and largely unregulated, presenting unique risks: 2.1. Price Volatility: Digital Asset prices can fluctuate wildly due to market sentiment, regulatory changes, or technological developments. These swings can lead to significant losses, and some assets may lose all value. 2.2. No Government Backing: Unlike fiat currencies, Digital Assets are not legal tender and lack backing from governments or central banks. Their value depends entirely on market demand, which could disappear, causing a total collapse in value. 2.3. Irreversible Transactions: Once a Digital Asset transaction is recorded on the blockchain, it cannot be reversed. Errors, fraud, or accidental transfers may result in permanent losses with no recourse. 2.4. Market Manipulation: Digital Asset markets can be manipulated through schemes like pump-and-dump tactics, where prices are artificially inflated then crashed, harming unsuspecting traders. 2.5. Liquidity Risks: Some Digital Assets have low liquidity, making it hard to buy or sell at desired prices or times. This can trap you in positions, especially during volatile periods. 2.6. Fraud and Scams: The Digital Asset space is rife with scams, including Ponzi schemes and phishing attacks. Celebrity endorsements or social media hype do not ensure legitimacy—vigilance is critical.
3. TECHNICAL AND OPERATIONAL RISKS
The Platform relies on technology, introducing additional risks: 3.1. Platform Downtime: Maintenance, technical failures, or cyberattacks may render the Platform inaccessible, preventing you from trading or managing your assets. 3.2. Cybersecurity Threats: Hacking, phishing, and malware pose risks to your Account and Digital Assets. Even with security measures, losses from breaches are possible. 3.3. Blockchain Issues: Network congestion, delays, or forks (protocol changes) can disrupt transactions or affect asset values. These are outside the Company's control. 3.4. Trading System Errors: Delays, slippage (executions at unexpected prices), or system malfunctions may lead to unfavorable trades or losses. 3.5. Custody Risks: While the Company secures Digital Assets it holds, no system is immune to breaches, errors, or insolvency, risking asset loss. 3.6. Proof of Reserves Limitations: Any proof of reserves we provide may not be independently audited and isn't a guarantee of safety or solvency. 3.7. Account Security: You must protect your Account credentials (e.g., passwords, private keys). The Company isn't liable for losses from unauthorised access due to your negligence.
4. FINANCIAL RISKS
Trading Digital Assets carries substantial financial risks: 4.1. Total Loss Potential: You could lose all Digital Assets or funds in your Account. Only use risk capital—money you can afford to lose. 4.2. Leverage and Margin: If available, leverage amplifies both gains and losses. You could lose more than your initial investment, and margin calls may demand additional funds. 4.3. Currency Exchange Risks: Fluctuations in exchange rates between fiat currencies and Digital Assets can reduce your holdings' value during conversions. 4.4. No Deposit Insurance: Funds in your Account aren't legally "deposits" and lack deposit insurance protections. 4.5. No Asset Insurance: Unlike banks, the Company doesn't insure Digital Assets. If the Platform fails or becomes insolvent, recovery may be impossible.
5. REGULATORY AND LEGAL RISKS
The uncertain regulatory landscape for Digital Assets adds risks: 5.1. Changing Regulations: New laws or rules could restrict or ban Digital Asset activities, impacting their use, transfer, or value. 5.2. Tax Liabilities: Profits from trading may incur taxes (e.g., capital gains), which vary by jurisdiction and could change retroactively. 5.3. Jurisdictional Variations: You must comply with your local laws, which may differ significantly and impose additional risks. 5.4. Unregulated Status: The Platform may not be registered with bodies like the SEC, lacking traditional investor protections. 5.5. Limited Protections: Without regulatory oversight, you may not access dispute resolution or other safeguards found in regulated markets.
6. OTHER RISKS
Additional risks include: 6.1. System Failures: Failures in order routing, execution, or clearing systems—or Internet disruptions—may delay or prevent trades. 6.2. Platform Unavailability: Technical, regulatory, or other issues could block access to your Account or assets. 6.3. Tax Implications: Sales of Digital Assets may trigger taxes or duties, potentially withheld at source, depending on your jurisdiction. 6.4. Platform Changes: The Company may modify, suspend, or terminate the Platform or your Account, potentially affecting your assets or obligations.
7. USER RESPONSIBILITY AND CONCLUSION
By using the Rebble Platform, you agree: 7.1. Information on the Platform may not always be accurate, complete, or timely, and the Company isn't liable for related losses. 7.2. The Company bears no responsibility for losses from market changes, technical issues, or regulatory shifts. 7.3. This statement doesn't cover every possible risk—others may apply. 7.4. You should seek independent financial, legal, and tax advice before trading. 7.5. You accept full responsibility for understanding and managing these risks. This Risk Disclosure Statement ensures you're informed of the key risks—market, technical, financial, regulatory, and operational—before using the Rebble Platform. Proceed with caution and only if you're prepared to handle the potential consequences.