Disclaimer

1.Purpose

In order to maintain a sound and compliant digital asset trading platform, we have established and implemented a series of Anti Money Laundering, Anti-Terrorism Financing, and Trade and Economic Sanctions programs, and made relevant liability statements. We are committed to promoting legal and transparent business activities and maintaining a good reputation among users, regulatory agencies, and the digital asset industry.

2.Regulatory environments

We understand that regulatory authorities have taken various approaches to regulating and regulating digital assets, including defining or classifying digital assets as virtual financial assets (Malta), convertible virtual currencies (US FinCEN), or virtual commodities (Hong Kong). As a trading platform, we believe that all digital assets provided on the platform belong to innovative alternative asset categories, and therefore, digital assets should not be referred to as currency or money.

3.Disclosure

Digital assets are not legal tender. Digital assets are not supported by any government or central bank. We may have some insights into the regulatory approaches taken by various government entities at different times, but we will always fully comply with the regulations of the countries where we operate. At the same time, we regularly discuss with regulatory agencies and peers the best ways to regulate digital asset businesses.

We cooperate with government departments and comply with applicable laws and regulations. As good corporate citizens, law enforcement agencies may request information from us, and if law enforcement agencies conduct investigations to trace and prevent illegal activities, we will provide assistance as permitted by law. This also means that our platform is only suitable for law-abiding customers. We hope to provide you with services, and at the same time, we also hope that you can act legally and lawfully on our platform.

In addition, Utopia will not serve certain customers. In order to maintain a good reputation in the market and ensure high compliance, our services are not open to residents of certain countries or regions. For example, Canada, Chinese mainland, Hong Kong Special Administrative Region, Macau Special Administrative Region, the Netherlands, Singapore, the US (including all US territories), the United Kingdom, any country designated as a restricted country under Utopia Anti Money Laundering/Counter-Terrorism Financing Policy, and any other jurisdiction that prohibits the provision of services or may subject us to regulatory penalties ("Restricted Jurisdiction"). This list of restricted jurisdictions may change and vary depending on the service. More information can be obtained by contacting Utopia Customer Support.

4.Anti Money Laundering/Terrorism financing programme

Through a risk-based multi-level control system, we have designed our own Anti Money Laundering and Counter Terrorism financing program to reasonably prevent money laundering and terrorist financing.

The first layer of the plan is a strict user identification process, which includes verifying the identity of individual or corporate users. In addition to obtaining identity documents, we also obtain information about their institutional Beneficial Owner/Natural Person from non-natural person users, which complies with international standards, such as the requirements of the Financial Action Task Force (FATF) to prevent money laundering.

The second layer includes risk-based system controls to ensure that additional customer due diligence is carried out. To achieve this, we will screen customers based on the list of institutions/personnel published in the Hong Kong Special Administrative Region Government Gazette (including beneficial owners), the "US Foreign Assets Control Office (OFAC) Sanctions List", the "United Nations Security Council Sanctions List", and other sanction lists. We may also include other lists in the screening scope at our discretion to protect our reputation and customers.

The third layer is for continuous monitoring of suspicious activities. If we suspect or have reason to suspect the existence of suspicious transaction activities, we will submit suspicious transaction activity reports to local regulatory authorities at our discretion. Suspicious transactions are usually inconsistent with the customer's known legitimate business or personal daily transaction activities.

5.Risk

Digital asset trading is considered to have high risks. Digital assets are not backed by any government or central bank. Trading or holding digital assets can be risky. You should carefully consider whether interacting, holding, or trading digital assets is suitable for you based on your financial situation.

6.Responsibility

6.1 Disclaimer

For the purposes of this document, "Services" means all and any services provided through the Utopia Platform or its affiliates and/or partners, including services related to cryptocurrency and/or its derivatives and their trading.

To the maximum extent permitted by applicable law, this service, Utopia's materials, and any products, services, or other items provided by or on behalf of Utopia are provided on an "as is" and "available" basis.

At the same time, you waive and Utopia expressly disclaims any express or implied warranties, including warranties of accuracy, non-infringement, fitness for sale, and fitness for a particular purpose, or warranties arising from the performance process, transaction process, or transaction use.

Without limiting the above provisions, Utopia makes no representations or warranties regarding the accuracy, completeness, reliability, validity, error-free, or virus-free or other harmful components of the website, services, or Utopia materials. Utopia does not guarantee that any order will be executed, accepted, recorded, or remain unfinished. Except as expressly stated in this Agreement, you hereby confirm and agree that you have not relied on any other written, oral statements or agreements when using and obtaining this Service.

Without limiting the foregoing, you hereby understand and agree that Utopia shall not be liable for any loss or damage arising out of or in connection with:

Inaccuracy, defects, or omissions in digital asset price data.

(B) any errors or delays in the transmission of such data;

(C) Interruption of such data;

(D) any damage caused by the actions, omissions, or violations of this Agreement by other users.

6.2 Damage Disclaimer and Limitation of Liability

To the fullest extent permitted by applicable law, Utopia, its affiliates, and their respective shareowners, members, directors, officers, employees, attorneys, agents, representatives, suppliers, or contractors shall not be liable for any incidental, indirect, special, punitive, consequential, or similar damages or liabilities (including but not limited to loss of data, information, revenue, profits, or other business or financial benefits) arising from this service, any performance or non-performance of this service, other products, services, or other items provided by or on behalf of Utopia and its affiliates. Regardless of whether it is based on contracts, regulations, strict liability, or other theories, even if Utopia has been informed of the possibility of damages, unless the final judicial ruling determines that such damages are caused by Utopia's gross negligence, fraud, intentional misconduct, or intentional illegal behavior. Some jurisdictions do not allow the exclusion or limitation of incidental or consequential damages, so the above limitations may not apply to your situation.

Notwithstanding the foregoing, in no event shall Utopia, its affiliates, and their respective shareholders, members, directors, officers, employees, attorneys, agents, representatives, suppliers, or contractors be liable, whether under contract, statute, strict liability, or otherwise, for any service provided by or on behalf of Utopia or its affiliates, any performance or non-performance of the service, or any other product, service, or other item, in excess of the amount of fees you paid to Utopia under this Agreement prior to the event giving rise to the liability claim.

7.Use language

This statement may be published in different languages. In case of any discrepancies, the English version shall prevail.