Urus Corp
Cryptocurrencies and blockchain technology are an innovation that entail abundant opportunities and serious risks. Before soliciting the brokerage services of Urus Corp, we encourage you to possess at least a base understanding of cryptocurrency. Furthermore, it is responsible to always invest only what you can afford to lose.
In this document, we have outlined key risks associated with investing in and trading cryptocurrency:
- Cryptocurrency transactions are generally irreversible. You may not be able to recover the cryptocurrency where: (i) you send cryptocurrency to an incorrect address, (ii) you send the incorrect amount of cryptocurrency, or (iii) cryptocurrency transactions are made fraudulently from your account. Urus Corp will not be liable for any losses resulting from accidental or fraudulent transactions made on your trading account.
- The volatility of cryptocurrency prices may result in significant and unpredictable loss of funds.
- No single entity has an obligation to trade cryptocurrency with you.
- Cryptocurrencies supported by Urus Corp are not considered legal tender and are not government-backed. Accounts and value balances are not subject to any government deposit insurance or any other protections.
- Legislative and regulatory changes or actions at state or international level may affect the options of use, transfer, and exchange of cryptocurrency as well as the value of said currencies.
- Cryptocurrency transactions are validated when recorded on a blockchain ledger, which can take an undetermined amount of time to process.
- The value of each cryptocurrency is driven by the continued willingness of market participants to trade that cryptocurrency. Should this demand disappear, it could result in loss of value of the cryptocurrency.
- There is no assurance that a person or business who currently accepts cryptocurrency as payment will continue to do so in the future.
- Buying and selling cryptocurrency may result in tax liability. You are solely responsible for complying with your tax obligations. Urus Corp does not offer tax management services or tax recommendations.
- The nature of cryptocurrency may lead to an increased risk of fraud or cyber attacks. You are responsible for maintaining the security and privacy of your Urus Corp account, to the extent that none of your actions, whether direct or indirect, allow a third-party to access your account, in which chase Urus Corp cannot be liable for any transactions conducted on your behalf without your consent.
- The nature of cryptocurrency infers the risk of technological difficulties experienced by a service provider. Such instances may temporarily prevent access to or use of your Urus Corp account.
In the unlikely event that Urus Corp is unable to carry out (or ceases) its operations in one or more of our locations, Urus Corp has robust business continuity arrangements in place to ensure minimal impact on our customers. In the instance that inaction contingency plans becomes imperative, the following measures may apply:
- activation of a dedicated response plan;
- notification to relevant regulatory authorities and compliance with any regulatory instructions issued;
- provision of regular updates to customers by way of updates posted to a status page.
The preservation of customer funds takes utmost priority in the event that Urus Corp becomes unable to carry out its operations or ceases business. The Urus Corp company general account, which holds customer deposits for buying cryptocurrency and our cryptocurrency storage system, are subject to robust controls and regular reconciliations.