Crypto risk disclosure for Belgium
Crypto risk disclosure for Belgium Crypto risk disclosure for Belgium

Crypto risk disclosure for Belgium

Warning

-the value of your virtual coins may go up and down sharply, and the amount you invested may be lost in full;

-virtual coins are not covered by bank deposit guarantee schemes;

-no legal mechanism is available in the market of the virtual coins to avoid market manipulation or insider trading abuse;

-the virtual currencies are entirely dependent on a specific computer technology and infrastructure, which in certain cases may be very recently developed and not yet sufficiently tested;

-in case of loss of the identification code or password that allows access to the virtual wallet in which the virtual coins are stored, those coins will be permanently lost;

-virtual coins currently have limited acceptance as a means of payment, and in most countries there is no legal obligation to accept them;

-for more information on the risks associated with an investment in virtual coins, we recommend that you read the Wikifin page What is a crypto coin | Wikifin.

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