Definitions

In addition to the terms defined elsewhere in this Disclosure, the terms listed below shall have the meaning attributed to each of them:

“Applications”: artefacts composed of Software and Content that Users use on their devices and which allow the use of the Services on certain configurations of such devices.

“User Area”: is the environment where the User may consult the Resources functional to the provision of the Services. Such User Area is accessible exclusively by the User using the Access Codes.

“Access Codes” or “Credentials”: the username and password assigned to the User upon enrolment in the Registration Service and managed by Young Platform or, if the User uses Third-Party Access Codes, by the third party providing them.

“Fees and Pricing”: the fees due to Young Platform for the Services, as determined in the Terms and Conditions and in the “Fees and Pricing” section of the Site (youngplatform.com/legal/fees).

“Cryptocurrencies”, “Crypto-assets” or “Token”: means a digital asset within the meaning of Article 3(1)(5) of Regulation (EU) 2023/1114 (“MiCAR”), namely “a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology”. The crypto-assets that can be traded on the Platform include exclusively those technically supported by Young Platform, as indicated in the dedicated section of the Site, constantly updated with the addition of new crypto-assets and the removal of those no longer available: youngplatform.com/en/exchange/listed/. The crypto-assets available may belong, by way of example and not exhaustively, to the categories defined by MiCAR, such as asset-referenced tokens (ART), e-money tokens (EMT) or crypto-assets other than ART and EMT (so-called “other crypto-assets”). Young Platform handles exclusively crypto-assets falling within the supported and authorised categories pursuant to the applicable legislation.

“Authorised Distributor(s)”: the parties identified pursuant to the Terms and Conditions, through which the Services may be made accessible. The list is available at the following link: youngplatform.com/en/legal/authorised-distributors/.

“Order”: means the instruction entered into the platform by the User concerning instructions of purchase, sale or exchange of Fiat Currencies or crypto-assets.

“Portfolio” or “Wallet”: means the wallet present in the Young Platform Application and belonging to each registered User, as associated with their User Area. Such Wallet is necessary for the use of the Services and specific for the custody of crypto-assets.

“Privacy Policy”: privacy policy that the User approves before using the Services that involve the processing of their personal data.

“Registration”: is the registration process that the User must complete in order to access the Services and the User Area. Such process is analytically described in the General Terms and Conditions – Young Platform Currency Exchange, to which express reference is made and which are available at the following link
youngplatform.com/en/legal/terms-conditions-young-platform/. 

“Services”: means the services provided remotely to the User by Young Platform, that is, accessible through the platform, as defined and governed in the Terms and Conditions.

“Sites”: means the website owned by the Company, available at youngplatform.com, and all related sub-domains, including Academy, base platform and PRO platform, considered indifferently.

“Tools”: identifies certain specific services to which the User may access only after having previously signed dedicated contractual conditions. The non-use and/or non-acceptance of the terms and conditions of each tool does not affect the possibility of using the base services.

“User(s)”: means cumulatively and indifferently: (i) all parties browsing the Sites and/or in any case browsing the Platforms, regardless of whether they are registered or not; and also (ii) any natural or legal person, registered on the Young Platform Application, who uses the Services through the Platforms. It is understood that, with respect to natural persons, they must be at least 18 years of age to register on the platform and/or use the Services.

“Fiat Currencies”: means currencies having legal tender and legal status of money, that is, of inconvertible paper money, generally accepted as means of payment because declared legal tender (also said forced) by the issuing State, regardless of their intrinsic value.

“YNG” or “Young Token”: token issued by the Company under the terms provided for and indicated by it within the relevant sections available on the Platforms.

“Young Platform” or “Company” or “Young”: means Young Platform S.p.A., with registered office at Via Francesco Cigna n. 96/17, Turin (TO), postcode 10155, VAT no. 11931440017, in the person of its legal representative pro tempore.

Subject Matter

This Disclosure illustrates, on a general basis, the main categories of risk connected with the use of the Services, the Tools and the related Applications made available by Young Platform (the “Risks”). The information contained in this document is purely descriptive and does not represent an exhaustive or complete list of all the risks potentially relevant. Further risks, not expressly indicated, may derive from specific market conditions, from the particular situation of the User or from unforeseeable external factors.

The User is therefore required to assess autonomously the suitability and compatibility of the Services with their economic, financial and personal situation, as well as with their risk appetite. Before accessing and using the Services and/or Tools offered by Young Platform, the User is invited to inform themselves adequately on the related Risks and, where appropriate, to turn to qualified financial, legal or tax advisers.

Taxation

Young Platform is not registered and does not operate as a legal or tax adviser and, therefore, does not provide tax advice nor is it required to determine which taxes may apply to the operations carried out by the user through the Services and/or the tools offered. The User remains the sole and exclusive responsible for the determination, declaration and payment of any tax, duty or fiscal charge connected with the operations carried out on the platform, in accordance with the applicable national and supranational legislation.

The User is informed that, where expressly required by law, Young Platform, in the manner provided for by the applicable national and supranational legislation, may be required to carry out specific tax compliance, including, by way of example and not exhaustively:

• communicate to the competent Authorities (including, by way of example, regulatory and tax authorities) information relating to the operations carried out by the User and/or to the holdings present on their Wallet, within the limits and in the manner imposed by the legislation in force;
  
• carry out tax withholdings or mandatory deductions, where required by law, paying the amounts to the competent Authorities;
  
• request the User to provide additional documentation and information necessary for tax or regulatory purposes (by way of example and not exhaustively, certificates and tax information), which the User must deliver within the deadlines indicated by the Company. Failure to provide the requested documentation within the established deadlines may entail the application of the measures provided for by law, including any withholdings or operational limitations, without any liability arising for Young Platform.
  

It is understood that any amounts withheld by virtue of a legal obligation will not be refundable by Young Platform. The User is required to consult a qualified professional in order to assess their tax position in relation to the use of the Services.

Purchase and Sale Risks

The User acknowledges and accepts that access to and use of the Services take place under their exclusive responsibility, being aware of the risks inherent in operations on crypto-assets and on the digital instruments offered through the platform.

Operations of purchase, sale and exchange of crypto-assets (including the YNG Token) and/or of Fiat Currencies entail a risk of loss, including total loss, of the invested capital. The User is required to assess autonomously the suitability of such operations with their economic, financial and personal situation, availing themselves, where necessary, of the advice of qualified professionals.

The User must also be aware that crypto-assets and the connected digital services have specific characteristics that entail further risks compared with so-called “Traditional” investments, as illustrated below:

• it is possible to suffer a total loss of the balance present on the Wallet.

The User is therefore invited to always monitor their Portfolio. The nature of crypto markets entails a high volatility, with even significant fluctuations in value over very short periods of time. Such fluctuations may entail substantial and sudden losses, regardless of the past performance of the crypto-assets;

• under certain market conditions, it may be difficult or impossible to execute an Order. This may occur, for example, when there is insufficient liquidity (“Liquidity Risk”) on the market or on the order book (“Order-book”), a situation that may occur at any time even during periods of high volatility.

In addition, it is recalled that, depending on the market, a minimum limit is provided for the purchase and sale of crypto-assets (“Minimum Order”), available at the following link: exchange.youngplatform.com/en/fees, which the User must comply with in order to achieve the successful conclusion of the Order. The price displayed to the User prior to the submission of the Order may not coincide with the actual execution price, due to market variations intervening during the transmission and execution process of the Order. In conditions of volatility or low liquidity, the Order may be executed at less favourable conditions (i.e. slippage) or may not be executed;

• the entry of contingent Orders, such as “Stop-loss” or “Stop-limit” Orders (defined in detail at the following link support.youngplatform.com/hc/en-us/sections/360005550599, shall not necessarily limit the User’s losses to the amounts expected according to the exchange rate indicated by the User as a parameter in the Order, since market conditions may make the execution of the Order itself impossible. In particularly volatile markets, it may happen that the price exceeds the threshold set before the Order is executed, rendering the planned protection ineffective;
  
• all operations on crypto-assets entail risk.
  

In general, there are risks linked to the nature of crypto-assets and of the technologies underlying them, such as:

• obsolescence;
  
• delays in the finalisation and completion of an operation, also due to connection and system issues;
  
• unforeseen circumstances, faults, defects, exploits, protocol errors, or attacks on the protocol and on the technologies on which a crypto-asset depends (by way of example and not exhaustively: Sybil attacks, social engineering, distributed denial of service, phishing, hacking, malware, smurfing, double spending, majority-mining, consensus-based or other mining attacks, disinformation campaigns, forks and spoofing);
  
• crypto-assets may be subject to various types of cyberattacks or technical compromises, including, by way of example and not exhaustively:
  
  • mining or majority attacks (51% attacks);
    
  • double-spend;
    
  • selfish-mining;
    
  • protocol errors or implementation defects;
    
  • forks (hard or soft) that may alter functionalities, value or denomination of crypto-assets. Forks or significant changes of the protocol may entail losses, temporary unavailability of funds or suspension of services;
    
• the crypto-asset market is characterised by high risk and price volatility. This entails possible significant price variations that may occur at any time, in a sudden and unpredictable manner, even on the basis of past performance (“Market and Volatility Risks”). Such price fluctuations may have a strong impact on the results of the Users’ operations in terms of loss and gain.
  

If a situation of high volatility occurs, it is appropriate to interrupt the “Recurring Purchase Plan” Service. In any event, the User is invited to always monitor the market, which is constantly open 24 (twenty-four) hours a day, 7 (seven) days a week;

• Young Platform does not guarantee that its Services and Tools are always available and never subject to unplanned interruptions or to blocks due to network congestion.

Therefore, it may not always be possible to conclude an Order when desired (“Availability Risk”).

The same applies to electronic communications with Young Platform, which may not always be successful, but may present delays, may not be secure or may never reach their destination (“Communication Risks”);

• In providing its Services and Tools, Young Platform may involve third parties (such as, by way of example and not exhaustively, partners, including banking, payment providers or custodians), whose specific terms and conditions may apply to the User. Therefore, the User is invited to inform themselves about this by carrying out the appropriate checks, in the awareness that Young Platform is not liable for any losses suffered by the User as a result of the aforementioned third parties (“Third-Party Risks”). Young Platform shall not be liable for losses due to the malfunctioning or insolvency of such third parties, save within the limits provided by law;
  
• since the Applications, the Sites, the Tools and the Services offered by Young Platform involve sensitive operations, with the use of the User’s personal and financial data, the Company undertakes to ensure the highest degree of security of the same, not only from a technological point of view, but also a legal one with the correct application of its Privacy Policy (in line with the national and supranational legislation in force – GDPR). However, it is impossible for Young Platform to guarantee a Service completely free of risks, including those concerning security (“Security Risks”).
  

The User is therefore required to maintain the secrecy and security of their own Access Codes and Credentials, for which they are responsible. Indeed, the User shall be responsible for all operations carried out on their User Area and on their Wallet, regardless of whether they have personally authorised them or not. Since operations on crypto-assets are carried out automatically and are in fact irreversible, losses arising from fraudulent or unauthorised operations may no longer be recoverable. The User is therefore invited to always monitor their Portfolio;

• crypto-assets, digital assets and other assets traded on the platform do not fall within the financial instruments covered by compensation schemes, public guarantees or institutional protection funds. No investment made through Young Platform is covered by deposit guarantee schemes, by investor protection funds or by other protection mechanisms provided for traditional financial instruments. The User therefore acknowledges that, in the event of loss, insolvency of third parties or technical issues, they will not be able to benefit from any form of external compensation or guarantee (“Risk of Absence of Guarantee Schemes or Institutional Protection”).
  
• many blockchain-based projects are in an experimental phase or not yet fully mature. It is possible that the project underlying a crypto-asset may lose interest from the community, be abandoned by developers, fail to achieve the expected commercial success or undergo radical changes in functionalities. Such circumstances may entail the total or partial loss of value of the crypto-assets held by the User, regardless of the Young platform (“Risk of Abandonment or Modification of the Crypto Project”);
  
• in the provision of the Services, Young Platform makes use of third parties such as financial institutions, banking partners, payment infrastructure providers or parties in charge of the custody of crypto-assets. The User acknowledges that such counterparties may be subject to risks of insolvency, bankruptcy or operational dysfunctions. In the event of default, Young Platform might not be able to fully recover the funds or the crypto-assets held with such parties, with consequent risk of total or partial loss for the User; without prejudice, for the crypto-assets held in custody pursuant to Article 75 of Regulation (EU) 2023/1114, to the liability regime of the Company referred to in Article 75(8) (“Default or Insolvency Risk of Counterparties”);
  
• for certain categories of crypto-assets (for example, so-called “Stablecoins”), Young Platform does not exercise control over the issuer, over the declared reserves or over the mechanism of maintenance of value. The User acknowledges that: (i) the value of such assets may significantly deviate from the reference value; (ii) the issuer may not guarantee the solvency or the availability of the declared reserves; (iii) Young Platform is not liable for any breaches, insolvencies or conduct of the issuer. The purchase or holding of such assets therefore entails specific additional risks compared with other crypto-assets (“Stablecoin Risk”);
  
• certain crypto-assets have a particularly high risk profile due to their predominantly speculative nature. This is the case, in particular, of so-called “memecoins” – crypto-assets inspired by memes, characters or viral phenomena and spread mainly through social networks – and, more generally, of highly volatile crypto-assets. Such assets normally fall within the category of crypto-assets other than ART and EMT (so-called “other crypto-assets”) and are characterised by the absence of an underlying project, functional utility or economic fundamentals, as well as, in many cases, by the lack of an identifiable issuer or of a white paper. The User acknowledges that: (i) the value of such crypto-assets may undergo extreme and sudden fluctuations, even of the order of entire multiples in very short time frames, up to the total loss of the capital; (ii) liquidity may be absent or concentrated in a reduced number of operators, with consequent wide spreads and difficulties of liquidation; (iii) the highly concentrated holding in few wallets exposes to market manipulation, “pump and dump” schemes and “rug pull” phenomena; (iv) the price depends predominantly on sentiment, on community dynamics and on promotional campaigns, also carried out by third parties or influencers, lacking in informational value. The purchase or holding of memecoins and of highly volatile crypto-assets therefore entails additional risks of particular gravity compared with other crypto-assets (“Memecoin and Highly Volatile Crypto-Assets Risk”).
  
• the crypto-asset sector being a continuously evolving one, in particular in regulatory terms, this also implies continuous regulatory activity, and therefore many legislative changes that may have a strong impact, also unpredictable and uneven depending on the reference market, on the value of crypto-assets (“Legal Risk”).
  

Therefore, changes in the regulatory framework may entail limitations, suspensions or modifications of the Services, even independently of the will of Young Platform. The User is always invited to monitor each reference market.

• operations on crypto-assets may generate tax obligations variable based on the User’s jurisdiction. Young Platform may be required, pursuant to the legislation in force, to withhold taxes, make communications to the competent Authorities, collect or request additional tax documentation, including through reinforced verification procedures. The User acknowledges that any taxes withheld due to legal obligation will not be refundable by Young Platform and remains fully responsible for the correct fulfilment of their tax obligations (“Tax Risk”);
  
• in no way may Young Platform be held liable towards the User for losses and/or other damages, save for cases of wilful misconduct or gross negligence, as well as cases of liability that are mandatory by law. In any event, should it be held liable, and within the limits mandatorily permitted by law, such liability may in any case not exceed the value of the Fiat Currencies or crypto-assets deposited by the User on their Portfolio, so that any damage suffered by the User is limited to a value not exceeding that corresponding to the amount of the deposits present on the Wallet, and therefore net of the operations executed. Should Young Platform be held liable, such liability shall in any event be limited to the value of the crypto-assets or of the Fiat Currencies present on the User’s Wallet at the time of the event, net of the operations executed. The special liability regime of the Company for the crypto-asset custody and administration service pursuant to Article 75(8) of Regulation (EU) 2023/1114, not subject to the foregoing limit, remains in any event unaffected.
  

Fees and Pricing

The fees, prices and the related modalities of determination and variation are governed in the Terms and Conditions and in the “Fees and Pricing” section of the Site (exchange.youngplatform.com/en/fees).

Communications

Communications between Young Platform and the User are governed by the Terms and Conditions; communications addressed to Young Platform may be sent to [email protected].

Amendments to the Disclosure

Young Platform reserves the right to amend and/or update this disclosure at any time, in order to adapt it to supervening technical, operational, regulatory needs, as well as to introduce new functionalities, services or security measures.

Any amendments will be communicated to the User through the official channels indicated in this Disclosure and/or by means of publication in the Applications or on the Sites. Unless otherwise indicated, such amendments shall be deemed effective from the date of publication or from the date indicated in the communication sent to the User.

The User is required to consult the Disclosure periodically, also in order to check for updates. The continued use of the Services after the date of effectiveness of the amendments constitutes full acceptance of the same by the User.

Should Young Platform intend to amend and/or update this disclosure, it undertakes to give notice thereof to the Users. It is understood that any amendments may not apply and/or apply differently if access is made through Authorised Distributors. In such cases, the information relating to the application of the amendments will be made available on the channels of the Authorised Distributor or through the communications transmitted by it.

Last updated: 30 June 2026