Nowory's Risk Disclosure Statement
These terms and conditions are valid with effect from 5th September 2025
No Legal Tender & Regulatory Status
Cryptocurrencies / Virtual Digital Assets (“VDAs”) are not legal tender in India. The Reserve Bank of India (RBI) has cautioned the public about the risks associated with dealing in VDAs. Nowory does not guarantee regulatory approval of its services. Regulatory actions by RBI, SEBI, Income Tax Department, FIU-IND, or any other authority may affect your access to or use of Nowory. Users must ensure compliance with all applicable laws, including but not limited to the Income Tax Act, 1961 (including Section 115BBH for VDA taxation), Prevention of Money Laundering Act, 2002 (PMLA), and Foreign Exchange Management Act, 1999 (FEMA).
Investment & Trading Risks
Technology & Security Risks
Regulatory & Legal Risks
Limitation of Liability
Indemnity
Dispute Resolution & Governing Law
Final Acknowledgement