Skailenga UAB is a Crypto-Asset Service Provider
registered in the Republic of Lithuania and complies
with relevant regulatory frameworks, including the
Markets in Crypto-Assets Regulation (MiCA) and the
Digital Operational Resilience Act (DORA).
Skailenga UAB provides to the Users the possibility to use
the Services described in the Terms of Skailenga. This Risk
disclaimer provides the User with information about the risks
associated with using the Services provided by Skailenga
through the Website.
In accordance with Regulation (EU) 2023/1114 (MiCA), Skailenga
assumes responsibility for the accurate execution of orders
and the safekeeping of client assets as required by law.
This disclaimer does not exclude any liability that cannot
be lawfully limited under applicable regulation.
The User uses the Website and the Services at their own risk.
The User must carefully consider whether the risks set out
in this disclaimer, as well as all other applicable risks,
are acceptable to the User prior to using the Website or
the Services. Skailenga encourages the User to seek professional
advice (legal, taxation, financial, technical or otherwise)
regarding the User’s particular situation before using the
Services. If any of the risks are unacceptable to the User,
the User should not use the Services.
Skailenga UAB takes reasonable measures in accordance
with applicable EU regulations (incl. DORA) to ensure
operational resilience, including ICT risk management,
incident response, and data integrity measures.
At the date, the Website has specific functionality and utility.
However, the Website may undergo significant changes over
time. Various features of the Website and/or the Services,
including its terms and conditions, fees, structure, purpose,
algorithm, source codes, infrastructure design and other
technical specifications and parameters, may be updated and
changed frequently without notice. Skailenga may encounter
difficulties during development, including financial, resourcing
and technical difficulties. Particular features of the Services
may never be realised.
Further, while using the Website and/or Services, system
errors may occur. Cryptocurrencies, the Website and the Services
rely heavily on the internet. However, the public nature
of the internet means that either parts of the internet,
or the entire internet, may be unreliable or unavailable
at any given time. Further, interruption, delay, corruption
or loss of data, or the loss of confidentiality in the transmission
of data, may occur when transmitting data via the internet.
The User acknowledges that there are risks associated with
utilizing a trading system over the internet including, but
not limited to, the failure of hardware, software, and internet
connections, the risk of malicious software introduction,
the risk of third parties may obtaining unauthorized access
to information and/or assets (including the User’s Cryptocurrencies)
stored on the User’s behalf, cyber-attack, the Cryptocurrency
network failure (such as blockchain), computer viruses, communication
failures, disruptions, errors, distortions or delays the
User may experience when using the Services, howsoever caused,
spyware, scareware, Trojan horses, worms or other malware
that may affect the User’s computer or other equipment, or
any phishing, spoofing or other attack.
Crypto-assets offered by Skailenga do not qualify as
financial instruments and are therefore not covered
under MiFID II protections. Instead, they are subject to
the provisions of Regulation (EU) 2023/1114 (MiCA). This
also means that there is no central bank that can take
corrective measure to protect the value of
Cryptocurrencies in a crisis or issue more
Cryptocurrencies.
Cryptocurrency market is determined only by supply and demand
and is often highly unpredictable and volatile. The price
of Cryptocurrencies is usually not transparent and highly
speculative and susceptible to market manipulation. In the
worst-case scenario, the product could be rendered worthless.
Past performance is not an indication of future performance.
The value of investments of the Users in Cryptocurrencies
can go down as well as up. Changes in foreign exchange rates
can also cause a decrease or increase in the value of the
investments of the User in Cryptocurrencies. Other risk factors
affecting the value of an investment or return on investment
include, but are not limited to, political, economic, credit
and market risks.
Cryptocurrencies are prone to being misused for illegal activities
due to the pseudonymity or even anonymity of transactions
and investors would be adversely affected if law enforcement
agencies investigate any alleged illicit activities (incl.
money laundering and terrorist financing). Therefore, Cryptocurrencies
should be seen as an asset class subject to extremely high
risks and the User should never invest money that the User
cannot afford to lose. The User should be satisfied that
the Services are suitable for the User in the light of the
User’s circumstances and financial position. The User should
not invest in Cryptocurrencies and/or use the Services unless
the User has the necessary knowledge and expertise, understands
its characteristics and exposure to risk. In addition, use
of the Services can never be considered a safe investment
rather only an investment with a high risk of loss inherently
associated with it. The risk of loss in trading Cryptocurrencies
can be substantial. The User should be aware that the User
may sustain a total loss of the deposited funds.
While Skailenga does not control blockchain protocols,
it applies due diligence and technical controls to
reduce exposure to protocol-level failures as required
under MiCA. Blockchain is an independent public or
private peer-to-peer network and is not controlled in
any way or manner by Skailenga. Skailenga does not own
or control the underlying software protocols which
govern the operation of Cryptocurrencies available for
trading on the Website. In general, the underlying
protocols are open source, and anyone can use, copy,
modify, and distribute them.
The User will be bound and subject to any changes and/or
amendments in the blockchain system and subject to any applicable
law which may apply to the blockchain. Skailenga shall not
be responsible for any failure and/or mistake and/or error
and/or breach which shall occur in blockchain or in any other
networks in which the Cryptocurrencies are being issued and/or
traded. Skailenga is not responsible for operation of the
underlying protocols and makes no guarantee of their functionality,
security, or availability.
Skailenga conducts due diligence and risk assessment on crypto-assets
made available on the platform, including technical, legal,
and cybersecurity criteria in line with MiCA requirements.
None of the information contained on the Website constitutes a recommendation, solicitation or offer by Skailenga to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. The information and materials on this Website is provided for information purposes only. Certain information contained herein (including financial information) has been obtained from published and unpublished sources. Such information has not been independently verified by Skailenga, and Skailenga does not assume responsibility for the accuracy of such information. The Website is not intended to provide investment advice to nor carry on any other investment services and activities (as defined in the European Union’s Markets in Financial Instruments Directive 2004/39/EC (“MiFID”)).
All statements contained in this Website, any statements
made in press releases or other publicly available venue
and oral statements that may be made by Skailenga or its
representatives (as the case may be) that are not
statements of historical facts constitute "forward
looking statements." All statements regarding
Skailenga’s financial position, business strategies,
plans and prospects (incl. revenue and profitability)
and the prospects of the industry which Skailenga is in,
constitute as forward-looking statements. Some of these
statements may be identified by forward-looking
terminology such as "aim," "target," "anticipate,"
"believe," "may," "estimate," "expect," "if," "intend,"
"may," "plan," "possible," "likely," "project,"
"should," "would," "will," or similar or synonymous
terms.
These forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause the
actual future results, performance or achievements of Skailenga
to be materially different from any future results, performance
or achievements expected, expressed or implied by such forward-looking
statements. Nothing contained the Website is or may be relied
upon as a promise, representation or undertaking as to this
the future performance or policies of Skailenga. Skailenga
disclaims any responsibility to update any of those forward-looking
statements, even if new information becomes available or
other events occur in the future.
Crypto-assets and related services offered by Skailenga
are not subject to investor protection under the EU
Investor Compensation Scheme or Deposit Guarantee
Scheme.
You may lose all of your investment. Skailenga maintains
a complaints handling procedure in line with MiCA. Users
may file complaints via [email] and may escalate to the supervisory
authority, the Bank of Lithuania, if not satisfied with the
response.
Skailenga UAB maintains internal governance and control arrangements, ICT risk management frameworks, and incident response mechanisms in line with Regulation (EU) 2022/2554 (DORA). In the event of a major ICT-related incident, Users will be notified without undue delay. While Skailenga implements strong security measures, Users acknowledge that residual risks related to cyber incidents, service disruption, or data breach cannot be entirely eliminated.