Information Disclosure and Risks of Digital Asset Business Operators

1.         Digital asset business operators are not financial institutions according to the Deposit Protection Agency Act. And depositing money and digital assets with a digital asset business operator is not a deposit that is protected according to the Deposit Protection Agency Act. In the case of damage to customer assets deposited with a digital asset business operator, the customer may not receive the full amount of assets back from the business operator immediately.

2.         Users can check the financial status of digital asset business operators from their financial statements and the business operator's operating results are also published on the business operator's website. Other information should be considered in deciding to use the service, such as the quality of the service and complaint management, etc.

3.         Users may manage risks related to the storage of digital assets. Users may deposit digital assets with digital asset business operators in an amount sufficient to meet the transaction needs. For the remaining part that is not used in transactions, customers may store them in their own digital assets wallet. Before proceeding with transfers or transactions, customers should study how to use each type of wallet and how to keep their private key or password safely, etc.

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