Information Disclosure and Risks of Digital Asset Custody Of Digital Asset Business Operators

Created by Mobyx by Cryptoplat support, Modified on Thu, 13 Mar at 7:11 AM by Mobyx by Cryptoplat support


  1. Custody of Client Assets

Cryptoplat Company Limited ("the Company") is a digital asset business which is not considered as financial institutions under the Deposit Protection Act. Depositing digital assets with a digital asset business does not qualify as a deposit protected under the Deposit Protection Act. In the event of damage to the client’s assets held with the digital asset business, the client may not receive their assets back in full immediately.


  1. Evaluation of the Financial Strength of Digital Asset Businesses

Clients can review the financial status of a digital asset business by looking at the financial statements and performance results published on our website; www.mobyxtrade.com. Additionally, clients should consider other information when deciding to use the service, such as the quality of customer service and complaint management.


  1. Risk Management for Clients

Clients can manage risks related to digital asset custody by keeping only the necessary amount of assets with the digital asset business for transaction purposes. The remaining assets, not needed for transactions, can be stored in the client's own digital asset wallet. Before transferring or conducting transactions, clients should study how to use each type of wallet and how to protect their private keys or passwords.


  1. Custody of Digital Assets with Third-Party Providers

The company stores digital assets with third-party custodian providers as follows:


No.Provider NameCountry/Region of RegistrationRegulatory Oversight by Authorities in the Registration CountryWebsite/Other Relevant Information
1Rakkar Digital (Hong Kong) LimitedHong KongHong Kong Companies Registry rakkardigital.com


  1. List of Sourced Digital Asset Exchanges

In providing services as a digital asset broker, the business connects to digital asset exchanges as follows:

No.Provider NameCountry/Region of RegistrationRegulatory Oversight by Authorities in the Registration CountryWebsite/Other Relevant Information
1

Foris DAX Limited. (“Crypto.com”)

Cayman Islands

Cayman Islands Monetary Authority 

https://crypto.com/exchange

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