Busha Digital Limited (herein referred to as “BDL”, “Busha”, “us”, “we” or “our”) operates this website (“the Service”). We strive to maintain the highest standards of integrity in all our operations. Likewise, we are dedicated to educating our users about the platform, and Users can find additional information in our help centre.
What are Digital Currencies?
Digital Currencies are new technologies that may work differently from your prior experience. They entail various risks that you should understand. Before using Busha, we encourage you to educate yourself about the risks associated with Digital Currencies and not invest money that you cannot afford to lose.
What are the risks associated with holding, trading or dealing in Digital Currencies?
There are a number of risks involved with digital currencies. We do not have an exhaustive list but we have highlighted some of the critical risks below:
Irreversibility
Digital Currency transactions are generally irreversible. This means that you may not be able to recover the Digital Currency where:- you send Digital Currency to an incorrect address,
- you send the incorrect amount of Digital Currency, or
- Digital Currency transactions are made fraudulently from your account.
Busha will not be liable to you for any losses resulting from these kinds of accidental or fraudulent transactions.
- Volatility
The volatility and unpredictability of the price of Digital Currency relative to local currency may result in significant loss over a short period. Buying and selling Digital Currency could result in a complete loss of your funds.
Busha will not bear any responsibility for any losses you incur from the volatility of the digital assets you are holding, staking or trading including but not limited to periods where your account is restricted for compliance review. - Asset Reference
Most of Busha’s Supported Digital Currencies are not backed by any entity. This means that you have no right of recourse against an issuing entity. It also means that neither Busha nor anyone else has an obligation to buy back your Digital Currency in the future. - No Legal Tender Status
Busha’s Supported Digital Currencies are not considered legal tender and are not backed by any government. Accounts and value balances are not subject to any government-backed deposit insurance or any other government protections. - Legal and Regulatory Changes
Legislative and regulatory changes or actions at the state or international level may affect the use, transfer, exchange, and value of Digital Currency. - Transaction Completion
Digital Currency transactions are deemed to be made when recorded on a “blockchain” ledger, which is not necessarily the date or time you initiate the transaction. - Payment Acceptance
There is no assurance that a person or business that currently accepts Digital Currency as payment will continue to do so in the future. - Tax Obligation
Buying and selling Digital Currency may result in tax liability, and you are solely responsible for complying with your tax obligations. - Fraud, Cyber Attack and Scam Exposure
The nature of Digital Currency may lead to an increased risk of fraud or cyber attack. You are responsible for keeping your Busha account secure from these types of attacks. - Technological Downtimes
The nature of Digital Currency means that any technological difficulties experienced by a service provider may prevent access to or use of your Digital Currency.
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