Pay Global Limited (Companies House No. 11190888) is registered with the Financial Conduct Authority as an EMD Agent (FRN: 902067) of CFS-Zipp Ltd, an Electronic Money Institution authorised by the Financial Conduct Authority (FRN: 900027).
In accordance with the 5MLD, the FCA has granted Pay Global Limited the right to operate as a cryptoasset exchange provider and/or custodian wallet provider within the meaning of regulation 14A of the MLRs (“cryptoasset business”). TRR is granted up until 31 March 2022.
By engaging in crypto-related activity, you should be aware of the risk involved. The risks of cryptocurrencies are mainly related to their volatility. They are high-risk and speculative, and it is important that you understand the risks before you start buying or trading. They are volatile: unexpected changes in the market can lead to sharp and sudden moves in price. Prices can fluctuate on any given day. Because of such price fluctuations, you may gain or lose value of your assets at any moment. Cryptocurrency transactions are irreversible.
You should be aware of the following specific risks: Consumer protection: Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements. Price volatility: Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses. Product complexity: The complexity of some products and services relating to cryptoassets may make it hard to understand the risks. There is no guarantee that cryptoassets can be converted back into cash. Converting a cryptoasset back to cash depends on supply and demand existing in the market. Charges and fees: You should consider the impact of fees and charges on your investment which may be more than those for regulated investment products. Marketing materials: Firms may overstate the returns of products or understate the risks involved.