Risk Warning on Digital Token Service Provider

Remsea Pte Ltd (“REMSEA”) is a company incorporated in Singapore and regulated by the Monetary Authority of Singapore (“MAS”) as a Major Payment Institution (License No. 20200321) under the Payment Services Act 2019 (PSA), authorised to provide cross-border money transfer services. Please note that while REMSEA is licensed by MAS, such licensing does not constitute an endorsement or guarantee of our performance, and customers bear the risk of any potential losses incurred from the use of our services.

REMSEA has also notified MAS of its intention to provide Digital Payment Token (DPT) services and is currently operating under a transitional exemption in accordance with MAS Notice PSN02. We are not yet granted a full DPT licence and remain subject to ongoing audits, compliance reviews, and licensing assessments throughout this transitional period.

By accessing or using our services, you acknowledge and agree to be bound by our Terms and Conditions and Privacy Policy. If you do not agree to these terms, you must refrain from using our services.

Definitions:

• “Beneficiary”, “Receiver” or “Ultimate Beneficiary” refers to the person named as the beneficiary of the payments;
• “Clients” or “Customers” refer to any individual, business, or legal entity who has registered with or engaged the services of Remsea, whether directly or through a representative, and whose identity has been verified in accordance with Remsea’s onboarding and compliance procedures.
• “DPT” refers to Digital Payment Token, defined in the Payment Services Act 2019 as any digital representation of value that is expressed as a unit and is not denominated in any currency or pegged to any currency by its issuer.
• “DTSP” refers to Digital Token Service Provider and is defined under as any person or business engaged in activities such as the transfer of digital payment tokens (DPTs), the exchange between digital tokens and fiat currencies or other tokens, the custody of tokens on behalf of others, and the promotion of any token-related service.
• “Fund Originator” or “Sender” refers to the person who initiated a money transfer through the Remsea Service;
• “Jurisdiction” refers to geographic territory in which services are offered or restricted;
• “Payment Method” refers to the options available to the Sender to fund a cross-border payment through the Remsea Service, which may vary from country to country and may include bank account and other payment methods.
• “Payment Service Act” or “PSA” refers to the Act to provide for the licensing and regulation of payment service providers, the oversight of payment systems, and connected matters and to make consequential and related amendments to certain other Acts.
• “Prohibited Purpose” refers to any unlawful purpose; including but not limited to, making or receiving payments for gambling services, gambling chips or gambling credits; or sending a payment to yourself as the Beneficiary in order to evidence financial soundness (RISK OF FRAUD); or sending or receiving money on behalf of someone else.
• “Remsea”, “We”, “Our” or “Us” refers to Remsea Pte. Ltd. (“REMSEA”) also includes REMSEA affiliates or agents insofar as these assume operations which otherwise would have to be performed by REMSEA in order to provide the Services. For the avoidance of doubt, all cross-border payment services in Singapore are provided by REMSEA;
• “Remsea Service” or “Services” includes cross-border money transfer, domestic money transfer, merchant acquisition, and certain digital payment token services;
• “Remsea Website” or “Website” refers to the Website which We operate in order to provide cross-border payment services;
• “Transaction” refers to every cross-border payment that You initiate through Services;
• “User” refers to any person, whether a Customer or not, who accesses or interacts with REMSEA’s website, platform, services, or tools, including prospective customers, agents, or representatives acting on behalf of a Customer; and
• “You”, “Yours” or “Your” refers to every and any person using the REMSEA Website as a Fund Originator or Beneficiary.

RISK DISCLOSURE

Digital Payment Tokens (DPTs) are not considered legal tender and are subject to high volatility and significant risk. DPTs, including but not limited to USDT and USDC, are highly volatile and can experience drastic price fluctuations. Before engaging in any transactions involving DPTs, it is essential to carefully assess your risk tolerance and seek independent financial advice if necessary.

Remsea makes no guarantees regarding any returns on investment and will not be held responsible for any financial losses incurred. By using Remsea’s services, you acknowledge and accept all associated risks.

By engaging with DPT-related services, you further acknowledge and accept the following risks:

• The potential for total or partial loss of capital
• Risks associated with illiquidity and price manipulation
• Vulnerabilities in technology and cybersecurity
• Lack of consumer protection, such as deposit insurance

BEFORE YOU BEGIN: BUYING AND SELLING DPTS IS INHERENTLY RISKY

The buying, selling, holding, converting, and transferring of DPTs, including USDT and USDC, carries significant risks. By using Remsea’s services for DPT transactions, you acknowledge and agree to the following terms:

• Digital Payment Tokens Are High-Risk Assets

  While DPTs are often claimed to be pegged to specific fiat currencies, their value can still fluctuate wildly, leading to substantial financial losses. You understand that DPTs, such as USDT and USDC, are not backed by any government or financial institution and their value depends solely on market demand and other unpredictable factors.

• No Guarantees on Price Stability or Liquidity

  Remsea does not guarantee that you will always be able to buy or sell DPTs at a stable or favorable price. Markets for DPTs can experience disruptions, reduced liquidity, or even unavailability, which may hinder your ability to complete transactions.

• Regulatory Uncertainty

  DPTs may be subject to changes in laws and regulations at any time. New regulatory measures could negatively affect the availability, use, or value of these digital currencies, leading to restrictions or prohibitions on their trading or holding.

• Custody and Transfer Risks

  When holding or transferring DPTs, you assume the risk of loss due to technological failures, cyberattacks, or errors in wallet or address usage. You acknowledge that Remsea does not accept liability for any losses incurred from such incidents.

• No Protection Under Deposit Insurance Schemes

  Unlike traditional currencies, DPTs are not protected by insurance schemes such as the Singapore Deposit Insurance Scheme (SDIC). In the event of a platform failure or loss, you may not be entitled to compensation or the recovery of your funds.

Remsea's Role

Remsea acts solely as a service provider for facilitating DPT transactions and does not provide financial, investment, or legal advice regarding digital currencies. You are responsible for making informed decisions based on your own risk tolerance and financial situation.

Customer Responsibility

By proceeding with Remsea’s DPT services, you confirm that you have conducted adequate research and understand the inherent risks associated with holding and transacting in DPTs. You assume full responsibility for any financial losses that may arise.