**** (Its mandatory for all customers to read and acknowledge this risk disclosure document before purchasing TH from C Miner Pvt Ltd)
This notice is provided to Clients in accordance with all applicable laws and regulations. This Notice cannot and does not disclose or explain all the risks associated with C miner Pvt Ltd India, (hereinafter referred as C Miner) services and products. It explains, in general terms, the nature of the risks particular to entering into transactions with goods & services provided by C Miner but it cannot explain all of the risks and how these risks relate to your personal circumstances. You should seek professional independent advice, if you consider this necessary.
3. Before deciding to invest, you should carefully consider your objectives, level of experience and risk appetite. You should not commence the usage of services provided by C miner, unless you declare that you have read, understood and accepted the following generic and specific risks:
i. The C miner does not warrant the initial capital of your portfolio or its value at any time or any money invested in any financial instrument. You should completely acknowledge and accept that you run a great risk of incurring losses and damages as a result of the purchase of any financial instrument and accept and confirm that you are prepared to take on this risk.
ii. You should completely acknowledge and accept that, regardless of any information which may be offered by C miner, the value of any investment in financial instruments may fluctuate downwards or upwards and it is even likely that the investment may become of no value. The fluctuations may result to a whole or partial loss of your initial investments.
iii. Any payment made by any prospective customer for purchasing Tera Hash from C Miner Pvt Ltd, to take part in Shared Cloud Mining of BTC, shall be non-refundable.
iv. Customers are also liable to pay GST at the rate in force and other taxes for the purchase of Tera Hash from C Miner Pvt Ltd.
i. C Miner is not facilitating or dealing in any virtual assets.
ii. Services provided by C Miner Pvt Ltd is limited to the facilitation of the shared Cloud Mining process of BTC for our customers.
iii. C Miner, customers, are individually and personally liable to pay all applicable taxes as per rules of Government of India while availing our services of shared BTC Cloud Mining program.
iv. C Miner customers, personally accepts that it is their individual responsibility to report and pay any taxes to the Government of India that which may be liable by availing our services.
v. C Miner customers hereby further acknowledges that C Miner does not provide legal or tax advice in connection with such transactions.
i. The customers of C Miner hereby acknowledges occurrence of cyber security risks such as hacking vulnerabilities and other possibilities. These, among the other risks, are universally associated with virtual assets and related "digital wallets".
ii. C Miner assures its customers that we ensured all possible measures to prevent and/or contain such contingencies and hereby makes it further clear that our customers absolve C Miner of any liability of any loss of any digital asset accrued as a customer in shared Bitcoin Cloud Mining from their digital wallet as a result of any security threats.
i. Customers of C Miner, while transacting the digital assets accrued in their shared BTC Cloud Mining Account with C Miner may experience market risk and price fluctuations while disposing of such virtual assets. Movements in the price of markets can be volatile and out of the control of C miner and sphere of influence. Such volatile moves can have a direct impact on your profits and losses.
ii. C Miner shall not take any responsibility for such market risks or losses if any sustained by the customers.
iii. The customer also absolves C Miner for loss or profit while disposing of such virtual assets under any circumstances.
iv. The customers of C Miner acknowledges that C Miner plays no role is disposing in such digital assets which is solely a private transaction by a customer.
v. The customers of C Miner agrees to observe proper caution and care about the market fluctuation in value of Bitcoin happening from time to time and which are unpredictable in most circumstances.
vi. The customer accepts that 50% of the total mined Bitcoin in deducted by C miner or by the facilitator of cloud mining towards the cost incurred for mining and only the remaining 50% of Bitcoin mined is accrued to the wallet of each customers. In situation due to downward fluctuations of price of Bitcoin or due to other circumstances, if its unable to recover the basic cost of cloud mining from the above mentioned 50% of total BTC mined, there might be a brief pause in cloud mining operation till the situation is favourable for mining. Under such circumstances, the C Miner agrees to compensate such days of mining to customers, while making the actual mined days to every client to 1095 ( One thousand and Ninety Five ) days.
i. * Government of India has vide Gazette No.CG-DL-E -07032023-244184 Finance Department Dated 7th March 2023 has made it mandatory that all the businesses dealing in virtual assets (Including Exchanges, Wallet Providers, etc.) shall come under the 𝐏𝐌𝐋𝐀 (𝐏𝐫𝐞𝐯𝐞𝐧𝐭𝐢𝐨𝐧 𝐨𝐟 𝐌𝐨𝐧𝐞𝐲 𝐋𝐚𝐮𝐧𝐝𝐞𝐫𝐢𝐧𝐠 𝐀𝐜𝐭, 𝟐𝟎𝟎𝟐).
ii. **This further means that all entities dealing in virtual assets need to perform 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧 𝐌𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠, 𝐀𝐝𝐝𝐫𝐞𝐬𝐬 𝐒𝐜𝐫𝐞𝐞𝐧𝐢𝐧𝐠, 𝐒𝐚𝐧𝐜𝐭𝐢𝐨𝐧𝐬 𝐒𝐜𝐫𝐞𝐞𝐧𝐢𝐧𝐠 𝐚𝐧𝐝 strict 𝐊𝐘C. C Miner will be using the service of M/s Alpyne Tech Pvt Ltd for KYC and Payment Gateway.
iii. ***Such entities also need to report any suspicious activities to the FIU-IND by filing 𝐒𝐀𝐑𝐬 (𝐒𝐮𝐬𝐩𝐢𝐜𝐢𝐨𝐮𝐬 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐲 𝐑𝐞𝐩𝐨𝐫𝐭𝐬) 𝐚𝐧𝐝 𝐒𝐓𝐑𝐬 (𝐒𝐮𝐬𝐩𝐢𝐜𝐢𝐨𝐮𝐬 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧 𝐑𝐞𝐩𝐨𝐫𝐭𝐬). The C Miner and its customers are duty bound to report all such activities to the authority concerned, as mentioned above.
iv.**** Regulatory Authority for Documents: It is the relevant government agency that serves as the regulating authority for respective Documents or authentication process involved in the respective Services, which includes UIDAI, RBI, SEBI, IRDA, etc
Any opinions, news, research, analysis, prices, or other information contained on this website or produced by C miner are provided as general market commentary and do not constitute investment advice or investment recommendation. C miner shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information provided. The analysis and comments presented do not include any consideration of your personal investment objectives, financial circumstances or needs.
If you have any queries about any of the above terms, please contact [email protected]