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Risk Warning - Notice to UK Users  

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Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.

What are the key risks?

1.You could lose all the money you invest

The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.

The crypto asset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.

2.You should not expect to be protected if something goes wrong

The Financial Services Compensation Scheme (FSCS) doesn’t protect this type of investment because it’s not a ‘specified investment’ under the UK regulatory regime – in other words, this type of investment isn’t recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker here.

The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm. Learn more about FOS protection here.

3.You may not be able to sell your investment when you want to

There is no guarantee that investments in crypto assets can be easily sold at any given time. The ability to sell a crypto asset depends on various factors, including the supply and demand in the market at that time.

Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your crypto assets at the time you want.

4.Cryptoasset investments can be complex

Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment.

You should do your own research before investing. If something sounds too good to be true, itprobably is.

5.Don’t put all your eggs in one basket

Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.

A good rule of thumb is not to invest more than 10% of your money in high-risk investments. Learn more here.

If you are interested in learning more about how to protect yourself, visit the FCA’s website here.

For further information about cryptoassets, visit the FCA’s website here.

Tap announces key additions to executive leadership team

Tap, today announced the appointment of Kriyakant "Kriya" Patel as a Chief executive officer.

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Tap, today announced the appointment of Kriyakant "Kriya" Patel as a Chief executive officer.

Kriya possesses a wealth of expertise amassed over a span of 25 years in the field of building technology divisions, with a particular focus on capital markets.

Kriya is a distinguished figure in the realm of payments, e-money, and financial technology, having occupied key leadership roles at renowned organisations including Newcastle Card Solutions, The Payments Association, Gibraltar E-Money Association, and, most notably, as the CEO of Transact Payments Limited for a period of nine years.

Our Chairman, John Taylor, expressed his enthusiasm for Kriya joining the team: "We're absolutely thrilled to welcome Kriya to Tap. Our company is growing at an incredible pace, and having someone with Kriya's track record and expertise is a huge win for us. He's well-respected in the FinTech industry, both in Gibraltar and the UK, and his decision to join TGL speaks volumes about our potential. We're confident that Kriya's extensive experience will be invaluable to our growth."

Kriya shared his excitement about joining Tap: "I've had a close working relationship with Tap for the last four years and have always been incredibly impressed with the platform, the team, and the potential. I'm delighted to join the team and can't wait to lead the strategic growth of the operating company. Tap has shown impressive growth through various challenges in the wider crypto environment, and I believe we're in a unique position to capitalize on significant opportunities in European markets and beyond. Our focus on customer-driven products and maintaining a regulated, security-first approach will help ensure our continued success."

Kriya will be working closely with our Tap Board of Directors, including Group Chief Executive Officer, David Carr, to take our company to new heights.

We are looking forward to seeing the positive impact that Kriya's exceptional leadership will have on Tap Global Limited, and we are excited to share our progress with our community as we continue  to grow and innovate in the realm of cryptocurrency and blockchain technology.


This article is for general information purposes only and is not intended to constitute legal or other professional advice or a recommendation of any kind whatsoever and should not be relied upon or treated as a substitute for specific advice relevant to particular circumstances. We make no warranties, representations or undertakings about any of the content of this article (including, without limitation, as to the quality, accuracy, completeness or fitness for any particular purpose of such content), or any content of any other material referred to or accessed by hyperlinks through this article. We make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up-to-date.


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