This Risk Disclosure is provided to comply with the UK Financial Conduct Authority financial promotions regime for cryptoassets (PS23/6) and equivalent rules in other jurisdictions. Read it carefully before using Malum to buy, sell, hold or accept payment in cryptoassets.
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Cryptoassets are highly volatile and speculative. The value of cryptoassets can rise and fall sharply, and you may not get back what you put in. You should not invest, accept payment in, or hold cryptoassets unless you are prepared to lose the full amount.
This disclosure applies to anyone using Malum to (i) buy or sell cryptoassets through our card-to-crypto checkout, (ii) accept cryptoasset payments as a merchant, (iii) receive merchant payouts denominated in cryptoassets, or (iv) hold a balance of cryptoassets on the platform pending payout.
The price of a cryptoasset can change by significant percentages in minutes. The fiat value of a merchant payout may differ materially from the value at the moment a customer paid. Malum quotes rates at checkout, but final settlement values depend on on-chain confirmation timing and counterparty execution.
Most cryptoassets are not regulated investments in the UK or the EU. The Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service (FOS) generally do not cover losses arising from cryptoasset price movements, operational failures of cryptoasset networks, or the insolvency of unregulated cryptoasset service providers.
Where Malum acts as an FCA-registered cryptoasset business for anti-money-laundering purposes, that registration does not constitute approval of any specific cryptoasset and is not a guarantee of return.
Some cryptoassets have thin liquidity and may not be convertible to fiat at the indicative rate, particularly during market stress. Spreads, slippage, and network congestion fees can materially reduce the amount you receive.
Cryptoasset balances held on Malum pending payout are stored with our payment service providers (including Cryptomus and other partners listed in our Sub-Processor list). Although those providers operate hot- and cold-wallet segregation, you are exposed to the risk of provider failure, hack, key compromise, or operational error.
Cryptoasset transactions may give rise to tax obligations including capital gains, income, VAT and reporting requirements. Malum does not provide tax advice. You are solely responsible for determining and meeting your tax obligations in every relevant jurisdiction.
Once a cryptoasset transfer is confirmed on a blockchain it cannot be reversed. Sending funds to an incorrect address, an unsupported network, or a sanctioned address may result in permanent loss of those funds.
Nothing on Malum, in our communications, or in our dashboards is intended as investment, financial, legal or tax advice. The choice to use any cryptoasset is yours alone.
First-time UK retail consumers using a regulated cryptoasset promotion benefit from a 24-hour cooling-off period following an initial approval to proceed. During this period you may decline to continue without penalty.
Questions about this disclosure can be sent to [email protected].
Last modified 05/12/2026