Outline for counsel: the headings and the points each section must cover. The final wording needs legal drafting.
1. Stablecoins can lose their value
- USDT is issued by Tether and USDC by Circle. Their value depends on the issuer’s reserves and on redemptions.
- Stablecoins are not legal tender, not bank deposits and not covered by deposit insurance.
2. Prices and liquidity
- Rates move with the market. A locked rate holds only for the time shown.
3. Networks and transfers
- Transfers to the wrong network or address can’t be reversed.
- Networks can slow down, stop or change.
4. Your wallet
- Whoever holds the keys controls the crypto. Keep your recovery phrase private.
- Crypto in an exchange account carries that exchange’s own risks.
5. Rules can change
- Laws on crypto differ by country and can change.
6. Operational risk
- Outages or delays at our providers, banks or networks can delay an order.
7. Tax
- Buying, selling and holding crypto can have tax consequences. We don’t give tax advice.
8. No advice
- We don’t give investment, legal or tax advice.
9. UK clients
- See the UK Risk Warning.