Risks Associated with Uncertain Regulations, Changes in Regulatory Approaches and Enforcement Actions Sample Clauses

Risks Associated with Uncertain Regulations, Changes in Regulatory Approaches and Enforcement Actions. The regulatory status of Tokens and distributed ledger technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply existing regulation with respect to such technology and its applications. It is likewise difficult to predict how or whether legislatures or regulatory agencies may implement changes to law and regulation affecting distributed ledger technology and its applications, including the Token Sale Platform, Tokens and token`s legal status (whether they are considered securities or not). Regulatory actions could negatively impact the Token Sale Platform and Tokens in various ways. Company may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction.
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