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Blockchain projects can emit cryptocurrencies or tokens. Tokens and Cryptocurrencies, virtual currencies, digital "currencies" are not "electronic money" within the meaning of laws. It is a digital representation of a contractual value among its users that is not issued and guaranteed by any central bank in the world. Virtual currency is an imitation of money if the two sides of the transaction agree with each other. Virtual currencies can be subject to theft, e.g., as a result of a cyber-attack. Funds held in "virtual currencies" are not guaranteed by the Bank Guarantee Fund, as they are not bank deposits. Virtual currencies are not universally accepted in retail and service outlets. They are not legal tender or currency. Some offered forms of investing in virtual currencies may have the character of a financial pyramid that, in a short time, may lead to the loss of the investor's financial resources. All investments in "cryptocurrencies" carry the risk of losing their value and are intended for people with knowledge in the fields of investment and business. Please read our risk factors guide to understand more!