Legal
Risk Disclosure
Effective Date:
Important Warning: Using digital assets and blockchain-based services involves significant risks, including the potential loss of your entire investment. Please read this Risk Disclosure carefully before using any MoriCash Service. This document does not constitute financial advice. MoriCash Technology Inc. and MoriCash BVI are not responsible for losses arising from risks described herein.
Market & Price Risk
High- MORI tokens are pegged to the US Dollar but are not legal tender. The USD/PHP exchange rate fluctuates and may affect the PHP value of your holdings.
- Digital asset markets are highly volatile. While MORI is designed to maintain a 1:1 USD peg, no guarantee can be made that the peg will be maintained under all market conditions.
- Liquidity risk: In extreme market conditions, there may be delays or limitations on the ability to redeem MORI tokens for USD or PHP.
- Counterparty risk: MoriCash relies on third-party custodians, banks, and financial institutions. Failure of any counterparty could adversely affect reserves.
Technology & Cybersecurity Risk
High- Blockchain technology is experimental and evolving. Smart contracts may contain bugs, vulnerabilities, or be subject to exploits that could result in loss of funds.
- Cybersecurity threats including hacking, phishing, malware, and social engineering attacks may target MoriCash systems or your personal devices.
- Private key loss: If you lose access to your wallet private keys or recovery phrases, your MORI tokens may be permanently inaccessible.
- Network congestion, forks, or protocol upgrades on the underlying blockchain may affect transaction processing times and costs.
- MoriCash systems may experience downtime, outages, or technical failures that temporarily prevent access to Services.
Regulatory & Legal Risk
High- The regulatory environment for digital assets is rapidly evolving. New laws, regulations, or regulatory interpretations may adversely affect MoriCash's ability to operate or your ability to use MORI tokens.
- MoriCash's BSP VASP license application is pending. Denial or revocation of required licenses could result in suspension of Services.
- Regulatory actions, including asset freezes, account restrictions, or forced redemptions, may be imposed by BSP, SEC, AMLC, or other authorities.
- Tax treatment of digital assets varies by jurisdiction and may change. You are responsible for understanding and complying with your tax obligations.
- Cross-border transactions may be subject to foreign exchange controls, sanctions, or other restrictions.
Operational Risk
Medium- Human error in transaction processing, including sending tokens to incorrect addresses, is generally irreversible on blockchain networks.
- Third-party service providers (payment processors, identity verification providers, cloud services) may experience failures that affect MoriCash Services.
- Key personnel risk: Loss of key management personnel could affect MoriCash's operations and strategic direction.
- Business continuity: Extraordinary events including natural disasters, pandemics, or geopolitical events may disrupt MoriCash's operations.
Reserve & Custodial Risk
Medium- While MoriCash maintains a 100% reserve ratio, reserves are subject to the credit risk of custodian institutions.
- Reserve assets (US Treasuries, bank deposits) are subject to interest rate risk and, in extreme scenarios, credit risk.
- PDIC insurance covers deposits up to applicable limits. Amounts in excess of insurance limits are not guaranteed.
- In the event of MoriCash's insolvency, the process for returning reserves to token holders may be subject to legal proceedings and delays.
Fraud & Scam Risk
High- Fraudsters may impersonate MoriCash through fake websites, social media accounts, or communications. Always verify you are on moricash.io.
- MoriCash will never ask for your password, private keys, or seed phrases. Any such request is fraudulent.
- Pump-and-dump schemes, fake investment opportunities, and other scams may use the MoriCash name without authorization.
- Phishing attacks may attempt to steal your login credentials or direct you to fraudulent websites.
Not an Investment
Important- MORI tokens are utility tokens, not securities or investment products. They are not designed to appreciate in value.
- Nothing on the MoriCash website or in any MoriCash communication constitutes investment advice, financial advice, or a recommendation to purchase MORI tokens.
- Past performance of digital assets is not indicative of future results.
- You should consult with qualified financial, legal, and tax advisors before using MoriCash Services.
Acknowledgment
By using MoriCash Services, you acknowledge that you have read, understood, and accepted the risks described in this Risk Disclosure. You confirm that you are using MoriCash Services at your own risk and that MoriCash Technology Inc. and MoriCash BVI shall not be liable for any losses arising from these risks.