Legal Disclaimer for Bitskwela
Effective date: 2024-02-13
The information provided by Bitskwela ("we," "us," or "our") on our website and through our services, products, and events is for general informational and educational purposes only. All information on our website is provided in good faith, and we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information on our website.
Bitskwela does not endorse, promote, or solicit participation in any cryptocurrency exchanges, activities, or services including but not limited to or OKX. We do not publish or disseminate any promotional, influenced, or sponsored material, information, or content. The content in this website has been prepared by our independent researchers and fact-checkers, to avoid any biases or appearance of promotion, influencing, or sponsorship. Any social media posts, blogs, comments, advertising material videos, podcasts, or recordings pertaining to cryptocurrency exchanges, activities, or services mentioned in our videos are strictly for illustration purposes only, and is not intended to influence the viewers or promote the content cited. Anything discussed, exemplified, or mentioned in passing that bears resemblance to actual cryptocurrency exchanges, activities, or services are purely coincidental. Our references to such platforms are purely informational and should not be construed as investment advice or recommendations. Under no circumstance shall Bitskwela have any liability to you for any loss or damage of any kind incurred as a result of the use of our website or reliance on any information provided on our website. Your use of our website and your reliance on any information on our website is solely at your own risk.
Bitskwela does not facilitate the solicitation of the viewers and incentivize the use of any product and/or service. In case of partnerships, all advertisements, sponsored editorials, paid or earned media, and all forms of publicity-driven content or materials, including branding and merchandising, shall be disclosed to the proper authorities and the viewers / users of this site. Bitskwela shall disclose the associated risks of subscribing to the products. All such advertising or sponsored materials shall bear the registration number as may be required by the relevant authorities.
This website may contain links to other websites or content belonging to or originating from third parties or links to websites and features in banners or other advertising. Such external links are not investigated, monitored, or checked for accuracy, adequacy, validity, reliability, availability, or completeness by us.
Bitskwela does not warrant, endorse, guarantee, or assume responsibility for the accuracy or reliability of any information offered by third-party websites linked through our website or any website or feature linked in any banner or other advertising. We will not be a party to or in any way be responsible for monitoring any transaction between you and third-party providers of products or services. You are solely responsible for determining whether the information is appropriate for their individual circumstances.
Crypto-assets are highly volatile and speculative in nature. Their value may be driven primarily by market sentiment, illiquid demand cycles, speculative behavior, and the perceived performance of underlying platforms, protocols, or communities. Prices can fluctuate dramatically over short periods, and many tokens have experienced permanent losses or market collapses. Crypto-assets have also been historically susceptible to sudden delistings, liquidity freezes, chain halts, governance failures, and smart contract exploits. NFTs in particular may suffer from uncertain resale value, limited utility, and project discontinuation—rendering the digital item valueless outside of its initial context.
In addition to price volatility, participants must be aware of numerous risks associated with Crypto-Asset Service Providers (CASPs). These include custodial insolvency, operational failure, hacks and breaches, lack of transparency over reserves, and poor governance structures. Several international CASPs and exchanges have collapsed in recent years due to mismanagement of user funds, undisclosed financial exposure, and failure to segregate client assets. Even CASPs claiming compliance may not always meet the technical and legal standards required in the jurisdictions where their users reside.
You should also understand that the regulatory status of CASPs varies dramatically by jurisdiction. Some operate without licenses, others in legal gray areas, and many have been subject to enforcement actions by securities regulators, anti-money laundering agencies, and tax authorities. In the Philippines, CASPs must be registered with the Securities and Exchange Commission (SEC) and must comply with strict rules under the CASP Rules, including licensing, capital adequacy, AML/KYC protocols, risk disclosure, and complaint resolution procedures. Any CASP operating without registration in the Philippines may be in violation of the law, and users interacting with them may have limited recourse in the event of fraud, loss, or abuse.
Additional risks stem from smart contract vulnerabilities, which may be present in even well-audited projects. Bugs, misconfigurations, or exploitable flaws in the underlying code could result in unintended behavior, token theft, or irreversible transactions. Since blockchain transactions are immutable, errors cannot be undone, and redress through traditional legal means is uncertain at best.
Cybersecurity threats remain pervasive across the crypto-asset industry. Users are vulnerable to phishing, malware, and social engineering campaigns designed to extract private keys or compromise wallets. Even platforms with multi-factor authentication and hardware wallet integrations have faced targeted attacks, data leaks, and account breaches. Additionally, custodial CASPs—those that hold user assets on their behalf—represent a single point of failure. Without sufficient reserves or disaster recovery systems, a custodial failure could result in the permanent loss of user funds.
It is also critical to recognize the jurisdictional and cross-border regulatory risks that arise when users engage with foreign-based CASPs or NFT issuers. What may be permitted in one country may be restricted or illegal in another. Bitskwela emphasizes that it does not facilitate or encourage circumvention of local laws, and that users must bear the full responsibility of understanding whether their participation in a crypto-asset platform complies with applicable laws, including the Philippine Securities Regulation Code, Anti-Money Laundering Act, Data Privacy Act, and the FCPA.
Regulatory frameworks in the Philippines and abroad are evolving. The SEC, Bangko Sentral ng Pilipinas (BSP), and other authorities have issued multiple warnings concerning the risks of engaging with unregistered digital asset providers. Non-compliance with CASP Rules may result in administrative sanctions, criminal penalties, disgorgement orders, and public enforcement actions. In particular, third-party marketers—including educational influencers, content producers, and event partners—may be held solidarily liable with the CASPs they represent under Section 11.1 of the CASP Rules.
Accordingly, all content created and distributed by Bitskwela in connection with a crypto-asset or CASP will clearly disclose whether it is sponsored or independently produced, and will contain the required disclaimers under Section 5.3 of the SEC Rules. These include visible warnings that the crypto-asset may lose its value in whole or in part, may not always be liquid or transferable, and that any representations made by the issuer are not guaranteed. When educational content is sponsored, Bitskwela will publish the registration number of the sponsor-CASP and clearly indicate the promotional nature of the material.
The recipient of this content agrees that they access it at their own risk and that Bitskwela shall not be held liable for any loss, damage, regulatory action, or tax consequence arising from reliance on, or interaction with, any project or platform mentioned. The content does not and cannot cover the full extent of risks associated with participation in digital asset ecosystems.
You are urged to conduct thorough due diligence, seek professional legal and financial advice, and understand the full range of operational, legal, and market risks before acquiring, trading, or promoting any crypto-asset. If you do not understand these risks or are unsure of the legal implications in your jurisdiction, you should refrain from participating in any related activity.
Nothing in our website shall be construed as an offer to buy, sell, or solicit the purchase or sale of crypto-assets or engaging in CASPs. Bitskwela does not make any representations about the legal status, investment suitability, financial return, or technological reliability of any token, project, or platform mentioned in our website. Any information contained in our website is provided for general informational and educational purposes only and is not a substitute for professional advice. Accordingly, before taking any actions based upon such information, we recommend that you consult with the appropriate professionals.
The use or reliance of any information contained on this website is solely at your own risk.