This "Risk and Compliance statement" shall be read in conjunction with the "Terms of Service" (" the Terms ") of KKcoin, a Sinapore registered company. Simply put, we would like you to understand important risks and compliance issues when trading on our platform
Statement # 1: [Trading is Risky]
The risk of loss from trading or holding digital assets can be high. Therefore, you should carefully consider whether a digital asset or any leveraged or derivative transaction is right for you based on your financial position.
Statement # 2: [KKcoin DOES NOT accept any fiat currencies]
While other platforms can help you deposit or withdraw fiat currencies, KKcoin does not allow or provide fiat settlement or withdrawal services. KKcoin is purely a digital asset trading platform. Simply put, if you're planning for a classic concert, don't go into a heavy metal concert by mistake, or you might get a headache.
Statement # 3: [Digital Assets are NOT Money, NOR Fiat]
While there are other trading platforms that can convert or liquidate digital assets into money or fiat currencies, we do not offer such services. KKcoin will not treat digital assets as money or fiat currencies because they are not backed by any government or central bank.
Statement # 4: [We DO NOT Accept Certain Customers]
KKCoin is a company founded in Singapore. Hence, we are not able to or willing to serve certain customers, such as customers from areas where the local jurisdictions prohibit the practice involving digital assets, which requires costly regulation across jurisdictions, or customers listed on the international sanctions list. We simply do not want to violate the rules of states.
Statement # 5: [We Can Provide Assistance to the Government]
While we may not welcome costly regulation, we respect the rules and follow the rules that apply. As good corporate citizens, we may be asked by law enforcement to provide information and will provide assistance where the law allows. That means our platform only welcomes customers who comply with the law. We welcome the opportunity to win your business, and accordingly, we require you to practice legally and correctly on our platform.