Meet the Experts Behind Bespoke Consulting Solutions for Digital Assets.

Effective as of: November 1, 2024

The information contained on the Cryptic Broker website and provided through our services is for general informational purposes only. This Disclaimer outlines important limitations and notices regarding our liability and responsibilities. By using our website or services, you acknowledge and agree to the terms of this Disclaimer.

Not a Broker-Dealer or Investment Advisor

Cryptic Broker is not a licensed broker-dealer, investment advisor, financial advisor, or exchange platform. We do not hold any regulatory license in the financial or securities industry in the EU, the United States, or any other jurisdiction. The term “Broker” in our name is part of our brand and does not imply that we are acting as a stockbroker, securities broker, or intermediary in any regulated transaction. We provide a consulting and matchmaking service only.

We do not execute trades or sales of securities or crypto-assets for others.

We do not provide personalized investment advice to clients or investors about the merits of any particular investment.

We do not receive or transmit orders, execute transactions, or otherwise perform any functions of an exchange or trading platform.

We do not custody assets for others or handle investor funds or cryptocurrency on behalf of clients. Any success fees or referral fees we earn are structured as consulting compensation, not as transaction commissions on trades.

In short, nothing on this site or in our communications should be construed as an offer, recommendation, or solicitation to buy or sell any securities, tokens, or other financial instruments. Cryptic Broker is not registered with the CMVM (Portuguese Securities Market Commission) or any other financial supervisory authority as a provider of investment services or as a virtual asset service provider. We operate in compliance with applicable laws by limiting our role to that of an introducer and advisor on business strategy, and not engaging in activities reserved for regulated entities.

No Endorsement or Verification

Cryptic Broker does not endorse, guarantee, or make any representations regarding any of the projects, companies, investors, or opportunities that may be mentioned on our site or that we introduce. Any reference to a third-party entity (for example, mentioning that we work with certain funds or accelerators) is for illustration or informational purposes and does not constitute an endorsement or recommendation. Likewise, when we introduce an investor to a project or vice versa, it does not mean we have vetted or approved that party or that we vouch for their credibility or ability to fulfill any agreements.

All users of our service (investors and projects alike) are independently responsible for conducting their own due diligence. Cryptic Broker cannot and does not verify all claims, financial statements, or other information provided by users of our platform. We facilitate initial connections, but the decision to proceed with any investment or partnership lies solely with the parties involved, after they conduct their own evaluation. Under no circumstances does any information obtained through Cryptic Broker constitute a recommendation to engage in any investment or transaction.

We strongly advise that you do not assume any party introduced by Cryptic Broker is trustworthy or suitable just because we made the introduction. Perform background checks, request references, ensure legal compliance of any deal, and engage professional advisors (legal, financial, technical) as needed before committing to any business arrangement.

No Legal, Financial, or Tax Advice

Cryptic Broker is not a law firm, financial advisory firm, or tax consultancy. Nothing on our website or provided through our service should be construed as legal advice, financial planning advice, or tax advice. While we may discuss general market practices or regulatory developments with you, such discussions are purely informative. Always consult qualified professionals:

Legal Advice: If you are considering raising funds or making investments, you should consult with your legal counsel to understand and comply with securities laws, contractual agreements, and rights. Cryptic Broker’s communications are not a substitute for formal legal advice.

Financial Advice: Any financial projections, valuations, or business strategy pointers we discuss are for your consideration, but you should rely on a certified financial advisor or your own analysis for making financial decisions. We do not take into account your personal financial situation or objectives, and thus are not providing personalized advice.

Tax Advice: Cross-border investments and crypto-assets can have complicated tax implications. You should consult a tax professional about any potential transaction. Cryptic Broker does not advise on tax structuring or tax liabilities.

By using our service, you agree that Cryptic Broker is not responsible for any actions you take or fail to take based on information you obtained from us. Any reliance on such information is at your own risk.

Regulatory and Compliance Disclaimers

Portuguese and EU Regulation: Cryptic Broker endeavors to stay within the bounds of Portuguese and EU law, including the forthcoming MiCA regulations and existing guidelines from authorities like the CMVM. However, the crypto asset regulatory landscape is evolving. We cannot guarantee that every aspect of our service will never be deemed a regulated activity by all authorities, especially as laws change. What we can assure is that we do not intentionally engage in any service that is clearly regulated without the proper license (e.g., we are not running a crypto exchange or broker service, as noted above). If you believe any aspect of Cryptic Broker’s operations appears to require a license or raises regulatory questions, please bring it to our attention.

No Partnership or Agency: Using our platform does not make Cryptic Broker your partner, agent, or representative. We do not have authority to enter into contracts on your behalf, and we do not represent investors or projects in any fiduciary capacity. We are an independent contractor. You (and any counterparty you engage with) are responsible for your own compliance with laws (such as securities filing requirements, AML checks, etc.). Cryptic Broker disclaims any responsibility for ensuring that the terms of any deal you enter are fair or compliant. We may provide template documents or referrals to legal resources as a courtesy, but that is not legal advice and we do not guarantee their sufficiency.

MiCA and CASP Status: Under the EU MiCA framework, certain activities like advising on crypto-assets, placing crypto-assets, or operating trading platforms will require authorization as a Crypto-Asset Service Provider (CASP). Cryptic Broker does not currently perform such activities and is not an authorized CASP. If in the future our services expand into areas that might be regulated, we will take appropriate steps to either secure necessary authorizations or adjust our offerings. Until such time, any crypto-related introductions or advice we provide is intended to fall under unregulated scope (for example, introductions that could lead to private sales or partnerships, rather than public offerings of tokens).

US Regulation and Investors: If you are a United States person or entity engaging with Cryptic Broker, note that any introductions we facilitate involving U.S. investors or investments might implicate U.S. securities laws. Cryptic Broker is not registered as a broker or finder in the U.S., and does not knowingly participate in transactions that would require such registration. Any engagement with U.S. parties is done with the understanding that those parties meet applicable exemptions or that the transaction is structured in a way to avoid violating U.S. law (for instance, Reg D accredited investor requirements for private placements). We explicitly state that no offerings of securities are made through Cryptic Broker’s platform or website. Any information about a project does not constitute “general solicitation” as defined by the SEC, because we share information in a controlled, targeted manner and not through public distribution. Nevertheless, U.S. persons should proceed cautiously and ensure they (and the other party) have proper legal counsel. Cryptic Broker disclaims liability for any regulatory consequences if a user misrepresents their status or engages in a transaction that violates U.S. law despite our intentions.

Investment Risk Disclosure

Investing in early-stage technology projects, including those in the blockchain and cryptocurrency space, is highly risky. The value of startups or tokens is volatile and unpredictable. There is a significant chance of loss of some or all of your investment. Past performance of any project or investor does not guarantee future results.

By using Cryptic Broker to connect with potential investment opportunities, you acknowledge that:

No Guarantee of Success: Cryptic Broker does not guarantee that any project will receive funding or that any investment will be profitable. We make no representations about the likelihood of a project’s success or an investor’s returns. All outcomes are subject to market forces, execution by the project team, regulatory changes, and other unknown factors.

Volatility and Uncertainty: Particularly for cryptocurrency or token-related projects, market prices can swing dramatically, technology can fail or be hacked, regulatory bans can occur, and competition is fierce. Only invest funds you can afford to lose entirely.

Dilution and Terms: If you invest in a startup, your stake may be diluted by future fundraising. The terms of investment (valuation, equity percentage, token lock-ups, etc.) are negotiated between you and the project; understand them fully as they affect your risk. Cryptic Broker is not responsible for negotiating or explaining these terms.

No Liability for Losses: Cryptic Broker shall not be held liable for any financial losses or damages you incur in connection with any investment or deal facilitated (even indirectly) by our introduction. This includes losses due to project failure, fraud by a counterparty, changes in law rendering a project non-viable, or any other reason. All investments carry risk, and it is the investor’s responsibility to manage that risk.

We encourage thorough due diligence and, when appropriate, consultation with independent financial advisors before making investment decisions. Be skeptical of any claims of guaranteed returns or low-risk in the crypto/startup space — if something sounds too good to be true, it probably is.

Liability Waiver

To the fullest extent permitted by applicable law, Cryptic Broker disclaims and will not be held liable for any and all liability for any loss or damage of whatever kind (direct, indirect, consequential, special, or otherwise) incurred by you as a result of the use of our site or services or as a result of any dealings between you and any other parties introduced through Cryptic Broker. This applies to any alleged cause of action, whether in contract, tort, negligence, strict liability, or any other legal theory.

By using our site and services, you agree that you waive any right to seek any damages or remedies from Cryptic Broker arising out of any introduction or information we provided. If, notwithstanding this clause, a court of competent jurisdiction found Cryptic Broker liable to you, then such liability shall be limited to the amount of fees you directly paid to Cryptic Broker for the service of making that introduction or referral (and if no such fee was paid, then €0). This limitation is a fundamental part of the basis of the bargain between you and us, as we offer these services relying on these liability protections.

Forward-Looking Statements

Any forward-looking statements (e.g., projected growth, future plans, expected regulatory changes) on our website or shared in communications are inherently uncertain. Cryptic Broker makes no assurance that any such statements will come to pass. They reflect our best understanding or the project’s own estimations at the time of writing, which can change due to many factors. You should not rely on forward-looking statements in making decisions without understanding the assumptions behind them and the possibility that actual results may vary significantly.

Use of the Website

Use of the Cryptic Broker website is subject to the Terms of Use (above). This Disclaimer is intended to complement the Terms of Use by highlighting specific important information. In the event of any conflict between this Disclaimer and the Terms of Use, the Terms of Use will govern your use of the site and services, but the interpretation that offers greater liability protection to Cryptic Broker shall control (since that is likely the intent if there is overlap).

Cryptic Broker does not guarantee that the website will be available at all times or free of errors. We are not responsible for any technical issues that may result in downtime, data loss, or disrupted communications. Always maintain backup copies of any important information you share with us.

Changes to Disclaimer

We may update this Disclaimer from time to time. Changes will be effective immediately upon posting on our website. It is your responsibility to review the Disclaimer periodically for updates. By continuing to use the site or services after a revision, you agree to the revised Disclaimer.

Contact

If you have any questions about this Disclaimer or if you need to clarify any aspect of what Cryptic Broker does or does not do, please contact us:

Cryptic Broker – Legal Department

We will be happy to address your questions. It is important to us that all users clearly understand our role and the scope of our services. Your acknowledgement of these terms helps ensure a transparent and trusted relationship.