General Knowledge on Virtual Assets

The purpose of this video is to facilitate your general understanding of virtual assets. You may watch it in the following languages:

Read the complex product disclosure

Disclaimers

The information (including video and script) (“Materials”) on this webpage has been prepared based on information made available by the Hong Kong Association of Banks (“HKAB”). HKAB owns all intellectual property rights in and to the contents of such materials. No person may copy, distribute, modify, broadcast, hyperlink or transmit in any way, or otherwise deal with, all or any part of the Materials for any purpose whatsoever, without the HKAB’s prior written consent.

The Materials provide general information, are for educational purposes only and should not be considered as professional advice. 

The Materials do not and should not be construed as an offer to buy, sell and/or transact in any financial instruments or to participate in any particular trading strategy. The information contained in the Materials do not provide individually tailored investment advice and the financial instruments mentioned may not be suitable for all investors. The information provided is not intended as and should not be construed as financial, tax or legal advice. It is not professional advice and should not be relied upon by any person. Investors must make their own investment decisions taking into consideration their own financial circumstances and investment objectives, after evaluating each issue or strategy and after consulting their own financial, tax, legal or other independent advisers they believe necessary. 

The Materials are designed to satisfy the regulatory requirement in Hong Kong to provide training on virtual assets to investors, but do not purport to fulfill any other regulatory requirements (whether in Hong Kong or elsewhere). The Materials would also be extended to Citibank Singapore clients. You should be aware and are reminded that there is ongoing evolvement of new virtual assets types, and that regulatory requirements in respect of virtual assets are subject to continual change. 

While HKAB has endeavoured to ensure the accuracy and reliability of the information contained in the Materials, it does not provide any guarantee regarding its accuracy, completeness, reliability or suitability for any purpose.  No representation is given by Citibank with respect to the accuracy or completeness of the information in the Materials, and it may change without notice. Such information has not been independently verified by Citibank.  You should not rely on the contents of the Materials but should make and rely on your own assessment and evaluation and undertake your own investigations and inquiries and seek all necessary independent advice. The Materials have not been reviewed by any regulatory authorities including the Hong Kong Securities and Futures Commission or the Monetary Authority of Singapore. 

The products, services, information and/or Materials contained within these web pages may not be available for residents of certain jurisdictions. Please consider the sales restrictions relating to the products or services in question for further information.

To the maximum extent permitted by applicable law, Citibank and its affiliates, HKAB and its employees, agents and representatives expressly disclaim all or any liability (whether in tort or contract or otherwise) for any loss, damage, costs or expenses of any nature arising from or in connection with: 

• the contents of or omissions from the Materials, including any express or implied representations, statements or conclusions; 

• the provision to, or use by, any person of the Materials, or any part of it; 

• the preparation of the information contained in the Materials; and 

• any person relying on, disclosing or using any information or statement contained in or connected with the Materials. 

If the liability of Citibank, and any of Citibank’s affiliates, the HKAB or its employees, agents or representatives in relation to any matter relating to or arising in connection with these Materials, are capable of limitation (but not indemnification or exclusion), it is hereby limited to the maximum extent that is permitted by law.

Citibank, N.A., Hong Kong / Singapore organised under the laws of U.S.A. with limited liability.

For Digital Asset-linked Investment Products

Warning:

• This Digital Asset-linked Investment Product (“DAIP”) is a complex product and investors should exercise caution in relation to the DAIP before making any investment.

• Investors may lose all or more than the initial amount invested. 

• This DAIP is not authorized by the Securities and Futures Commission of Hong Kong (the “SFC”) or the Hong Kong Monetary Authority (“HKMA”) unless expressly stated.

• Investors are advised to exercise caution before investing in a DAIP.

• If the relevant offering documents or information pertaining to the DAIP specifies that the DAIP is authorized by the SFC, please note that the authorization does not imply official recommendation. The SFC’s authorization is not a recommendation or endorsement of a product, nor does it guarantee the commercial merits of a product or its performance.

• Past performance (if such information is provided) is not indicative of future performance.

• Digital Asset-linked Investment Products are only available to professional investors as defined under the Securities and Futures Ordinance (Cap 571) of Hong Kong.

Product Information: 

• The following information must be provided to you prior to any investment:

• Product name and nature

• Key terms and features

• Key risks associated with the DAIP

• Whether the investor may lose all or more than the initial amount invested 

• Whether potential gains may be capped or limited

• Whether there is any early termination features

• Any penalty for early exit/early redemption

• Whether a secondary market is available

Investors may obtain the above information from the offering documents and related materials. 

Please also refer to the information and risks disclosures in the following documents:

• Digital Asset Investment Products Risk Disclosure Statement and Client Attestation Form

• All relevant offering documents (including but not limited to the issuer’s prospectus and term sheets)

Investors should read the offering documents and all other relevant materials before investing in the DAIP.  Investors are advised to seek independent professional advice before making any investment decision.   

A copy of the above information and documents should be provided to you. If you have not received the same, please contact your Private Banker.