Risk Management Policy and General Warnings

At AHORACRYPTO, S.L., we operate under the principles of transparency and responsibility. In compliance with Regulation (EU) 2023/1114 (MiCA), it is our obligation to inform you that investing in crypto-assets involves significant risks.

Before carrying out any operation on our platform, the Client must read, understand, and assume the following detailed risks.

1. Financial Risks

The value of crypto-assets can experience extreme variations that directly affect your capital.

Price Volatility: Crypto-asset prices are highly speculative and can rise or fall dramatically over very short periods, potentially leading to the loss of the entire value.
Liquidity Risk: There is no guarantee that an active market will always exist to sell your crypto-assets or exchange them for fiat currency immediately or at a favorable price.
Counterparty Risk: There is a risk that the other party to a transaction may fail to fulfill their contractual obligations.
Absence of Performance Guarantee: The past performance of a crypto-asset is not a reliable indicator of its future results; there is no guarantee of obtaining profits.

2. Operational and Security Risks

Digital operations and asset custody involve risks inherent to information security.

Cybersecurity: Blockchain networks, exchange platforms, and users' personal devices can be targets of cyberattacks, theft, malware, or unauthorized access.
Loss of Private Keys: If you transfer assets to an external wallet, you are solely responsible for your private keys. The loss of these keys or access credentials is irreversible and results in the permanent loss of your crypto-assets.
Network Failures: Interruptions may occur in the internet infrastructure or the blockchain network that prevent transactions from being executed.
Temporary Service Unavailability: The platform may undergo technical outages or maintenance that temporarily limit your ability to trade or access your funds.

3. Regulatory and Legal Risks

The regulatory environment for crypto-assets is constantly developing.

Regulatory Changes: Future modifications to laws, national regulations, or European directives could negatively affect the availability, transferability, legality, or value of certain crypto-assets or services provided by AHORACRYPTO.

4. Technological and Token Design Risks

The underlying technology (Blockchain) presents specific technical risks associated with the design of the assets.

Forks: Networks may split, creating new versions of the asset that can affect its price and functionality.
Consensus Failures: Errors in the mechanism that validates transactions on the blockchain network.
Defective Smart Contracts: Vulnerabilities in the code of smart contracts governing certain tokens could be exploited.
Assets with Insufficient Collateral: In the case of certain "stablecoins" or asset-referenced tokens, there is a risk that the backing assets may not be sufficient to maintain their value or peg.

5. Fiscal Risks

Holding and trading crypto-assets has tax implications that are the sole responsibility of the Client.

Tax Obligations: Gains, losses, or yields derived from the purchase, sale, or holding of crypto-assets may be subject to taxes (such as Capital Gains Tax or Wealth Tax). It is the Client's responsibility to be informed about and comply with their tax obligations in their jurisdiction of residence.

Final Recommendation

Do not invest money that you cannot afford to lose. Crypto-assets are not covered by Deposit Guarantee Schemes or Investor Compensation Schemes. If you do not fully understand the risks described here, we recommend that you seek independent financial advice before trading.

Last updated: 1/11/2025