Legal Disclosure
Effective date: September 01, 2024
The term “stablecoin(s)” refers to a type of virtual asset in terms of applicable legislation. These type of virtual asset have a 1:1 relationship with fiat US dollar.
The term “dollar” is used and displayed on various screens of this website as a reference to represent the value of a virtual asset, not a balance sheet or balance in Mexican pesos or US dollars, even when this fact is not explicitly referred to. What you really have and use on this platform is a stablecoin, which is a virtual asset that refers its value to a legal tender, without being legal tender.
The term “spread” refers to the differential between the purchase and sale price of a virtual asset.
The term “FX” refers to the cost or value of acquiring and selling virtual assets.
Rio offers virtual asset intermediation services, which implies the performance of a vulnerable activity and consequently, it is obliged to identify its Clients, as well as to present suspicious activity reports in the terms of the applicable legislation and its money laundering prevention policy.
Rio does not receive on a regular basis and in exchange for the payment of a consideration, commission, benefit or profit, in the national territory, rights or funds in national or foreign currency, directly in its offices or by cable, facsimile, courier services, electronic means, electronic transfer of funds or by any means, with the sole purpose of, in accordance with the sender’s instructions, transferring them abroad, to another place within the national territory or to deliver them, in a single display, at the place where said funds are received, to the designated beneficiary.
Rio does not carry out, in a habitual and professional manner, currency purchase, sale or exchange operations, including those carried out through transfer or transmission of funds, with the public within the national territory.
Rio does not routinely and professionally provide securities portfolio management services, making investment decisions in the name and on behalf of third parties, as well as securities investment advice, analysis and issuance of investment recommendations on an individualized basis.