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The blockchain and cryptocurrencies are relatively new technologies and incertain respects untested. As with any new rapidly developing technology,there’s a risk that it might not function as intended, and any tokens orcryptocurrencies associated with a blockchain may not have functionalitythat is desirable or valuable. The regulatory status of cryptographictokens, digital assets and blockchain technology is also unclear orunsettled in many jurisdictions. It is difficult to predict how or whethergovernmental authorities will regulate such technologies. It is likewisedifficult to predict how or whether any governmental authority may makechanges to existing laws, regulations or rules that will affectcryptographic tokens, digital assets, blockchain technology and theirapplications. Finally, investments in cryptographic tokens, digitalassets, blockchain technology and their applications are subject tonumerous risks, including without limitation risks associated withthird-party attacks, limitations on the ability to transact or resell,security related issues such as expropriation or theft, the theft, loss orunauthorized access to private keys to digital wallets, reliance on thirdparties, counterparty risk and risks associated with taxation. There is apotential for loss in any investment, including loss of principalinvested. All investments involve risk, and different.
