Risk and Compliance Disclosures
This Risk and Compliance Disclosure should be read in conjunction with the Terms of Service (Terms) of BIA GRIS, EIRL (“BIA”).
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 is suitable for you in light of your financial condition.
II.BIA Does Not Accept Nor Settle in Any Fiat Currency
BIA does not allow nor enable settlement or withdraws in fiat currency. BIA is a digital asset-only trading platform.
III.Digital Assets are Not Money Nor Fiat Currency
BIA does not convert or liquidate digital assets into money or fiat currency. BIA does not view digital assets as money or fiat currency as digital assets are NOT backed by any government or central bank. BIA is based in the Dominican Republic where digital assets are not regulated as currencies.
IV.We Do Not Accept Certain Customers
BIA 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 simply don’t want to run afoul with various countries’ regulations.
V.We May Help Law Enforcement
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.