General Notice: Bsquared Technology Pte Ltd, (“B2) is registered in Singapore with registered number 201830235H and registered office at 18 Cross St, #02-101, Singapore 048423 © B2 2022. B2 is a non-custodial, over-the-counter market-maker in digital payment tokens and assets (“DPT”). As such, B2 carries out regulated activities and as an entity that has been notified by The Monetary Authority of Singapore (“MAS”) pursuant to the Payment Services Act 2019 (the “PS Act”) that it is exempt from holding a license under the PS Act for a specified period of time. Additional details including the status of the exemption is available at
RISK WARNING ON DIGITAL PAYMENT TOKEN SERVICES
DPT are subject to many risks, including price volatility. Transacting in DPT could result in significant losses and may not be suitable for some consumers.
The MAS requires us to provide this risk warning to you as a customer of B2. As such before you pay B2 any money or DPT, you should be aware of the following: The Monetary Authority of Singapore (MAS) requires BSquared Technology Pte Ltd (“B2”) to provide this risk warning to you as a customer of a digital payment token (DPT) service provider. Before paying any DPT service provider any money or DPT, you should be aware of the following.
1. Your DPT service provider is exempted by MAS from holding a licence to provide DPT services. Please note that you may not be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created and how the DPT you intend to transact is transferred or held by your DPT service provider.
3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
4. You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
It’s important to note that B2 believes that its customers should be aware of the risks involved in DPT’s purchase, sale and custody. Please be aware that B2 operates as a non-custodial service provider. This means B2 neither maintains nor operates any wallet infrastructure holding client DPT custody. At no time does B2 have control over or access to your private keys. Only users retain exclusive control of their DPT. For more details on how B2 manages DPT, please refer to your User Agreement with B2.