Legal Warning

Legal Warning: Investment in cryptoassets is not regulated, may not be suitable for retail investors and the entire amount invested may be lost.

Please note that investment in cryptoassets is considered a high-risk investment product and therefore the following points must be considered:

1. The value of investments and the return obtained from them may experience significant variations up and down, and the entire amount invested may be lost.

2. Investments in early-stage projects involve a high level of risk, so it is necessary to properly understand their business model.

3. Cryptoassets within the scope of this Circular are not covered by customer protection mechanisms such as the Deposit Guarantee Fund or the Investor Guarantee Fund.

4. The prices of cryptoassets are established in the absence of mechanisms that ensure their correct formation, such as those present in regulated securities markets.

5. Many cryptoassets may lack the liquidity necessary to be able to destroy an investment without suffering significant losses, given that their circulation among investors, both retail and professional, may be very limited. Risks inherent to the technology

6. Distributed ledger technologies are still in an early stage of maturity, with many of these networks having been created recently, so they may not be sufficiently tested and there may be significant flaws in their operation and security.

7. The registration of transactions in networks based on distributed ledger technologies works through consensus protocols that may be susceptible to attacks that attempt to modify said registry and, if these attacks are successful, there would be no alternative registry to support said transactions or therefore the balances corresponding to the public keys, and all cryptoassets could be lost.

8. The anonymity that cryptoassets can provide makes them a target for cybercriminals, since in the case of stealing credentials or private keys, they can transfer the cryptoassets to addresses that make their recovery difficult or impossible.

9. The custody of crypto assets involves significant responsibility, as they can be completely lost in the event of theft or loss of private keys. The entity responsible for the custody of the advertised crypto assets is APIS VTN LTD, located in the British Virgin Islands and operating under the legal framework of the British Virgin Islands.

10. The acceptance of cryptoassets as a means of exchange is still very limited and there is no legal obligation to accept them.

11. When the service provider is not located in a country of the European Union, the resolution of any conflict could be costly and fall outside the scope of the competence of the Spanish authorities.

12. The investor will be able to access the crypto assets issued by APIS VTN LTD from the digital wallet (“wallet”) provided by APIS VTN and will have access to the private keys to transfer the crypto assets to their own digital wallets.