This "Risk and Compliance Statement" should be read in conjunction with BKEX's “Terms of Service”. This company is registered in the British Virgin Islands in accordance with British Virgin Islands regulations. In simply terms, BKEX wants you to be aware of important risk and compliance issues when trading on BKEX.
I. Trading risks
Trading or holding cryptocurrencies is risky. Therefore, you should carefully consider whether trading cryptocurrencies or any leveraged or derivative cryptocurrencies is suitable for you based on your financial situation.
II. BKEX shall not accept any fiat currency
While other platforms can help you deposit or withdraw fiat currency, BKEX shall not allow or provide settlement or withdrawal services in fiat currency. BKEX is only a cryptocurrency trading platform.
III. Cryptocurrencies are not money, nor legal currencies
While there are other trading platforms that can convert or liquidate cryptocurrencies into money or fiat currency, BKEX does not provide such services. BKEX shall not treat digital assets as money or fiat currency, as cryptocurrencies are not backed by any government or central bank.
IV. BKEX does not accept some users
BKEX is a company registered in the British Virgin Islands and enjoys certain benefits. However, BKEX cannot and do not want to serve certain users, such as users from local jurisdictions that prohibit conduct involving cryptocurrencies, requiring costly cross-jurisdictional regulation, or users listed on international sanctions lists. BKEX does not want to violate the rules of each country.
V. BKEX can help the government
While BKEX may not welcome costly regulation, BKEX shall respect regulations and comply with applicable regulations. As good corporate citizens, BKEX may be requested by law enforcement for information and will provide assistance where permitted by law. This means that BKEX only welcomes users who comply with the law. BKEX hopes to win your business, and accordingly, BKEX asks that you act legally and correctly on BKEX.