Legal Information

The present White Paper has been prepared with the view of presenting information about the Formacar Action Project to interested parties.

The Formacar Action Project team reserves the right to make changes, amendments and corrections both to the present document and to the Project itself. The ideas and solutions implemented in the Project are liable for further addition, modification and removal. We are willing to listen to the opinion and ideas of the community, and it is important for us; however, the Project team shall reserve the right to decide whether to implement such opinions and ideas or not. Regardless of whether this White Paper is read or understood in whole or in part, it does not constitute legal, financial, tax or other professional advice, and shall not be construed as such. You are kindly advised to seek independent professional consultation prior to making your own decisions regarding getting or purchasing any of the Project tokens. You shall be held responsible for any assessments, risks and decisions that you make in connection with the acquisition of Project tokens.

The legal or tax regime that the regulation of the release and use of tokens in the Project shall be subject to has not yet been determined.

Any party willing to receive Formacar Action Crypto Assets should seek independent tax advice prior to committing to the decision to acquire tokens of any kind. The Project does not make any claims as to whether there may be any tax-related or legal consequences arising from purchasing or owning any Project tokens.

This White Paper, as well as any accompanying presentation if applicable, is not and shall not be construed as an offer, solicitation to sell, or solicitation to subscribe or purchase any shares or other securities of the Project or any other entity through which the Project or its related businesses will be implemented and/or developed.

Neither this White Paper nor any part thereof may be distributed in jurisdictions where the offer/circulation of tokens is prohibited. You may not and must not purchase Formacar Action tokens if you are a citizen or resident of any country, state or territory where the purchase of tokens or cryptocurrencies is prohibited. If your jurisdiction regulates the circulation of tokens, we insist that you comply with the legal requirements of said jurisdiction in full.

By viewing this White Paper or purchasing any of the Formacar Action Crypto Assets, you represent and warrant that you are legally permitted to do so and accept full responsibility for compliance with all applicable laws and regulations. Each recipient of the present document or owner of the Project tokens shall be responsible for declaration and compliance with any applicable legal requirements and regulations.

The statements and opinions contained in the present document reflect the current expectations and predictions of the Project Team regarding the possible development of the Formacar Action Project and shall not be considered binding.

Project and shall not be considered binding.

Therefore, any statements, including categorical ones, shall be construed as forward-looking statements associated with a variety of risks, assumptions and uncertainties that could cause actual results or events to be substantially different from those reflected or implied in such statements.

These risks and uncertainties include:

  • Changes in the operation of stock or cryptocurrency markets and exchanges.

  • Including regulatory framework changes in the countries where Formacar Crypto will operate.

  • Changes in the competitive environment in which Formacar Crypto will operate.

  • The risk that Formacar Crypto may not be able to implement its plans and the Project, or will run out of funds to continue its activities.

  • Other factors beyond the control of Formacar Crypto.

Formacar Crypto, represented by its team and other parties, hereby disclaims any liability or guarantees to deliver on any forward-looking statements.

Formacar Crypto makes no representations or warranties in the present White Paper. The contents of the present White Paper have not been independently examined, and therefore Formacar Crypto makes no representations or warranties, whether express or implied, as to the accuracy or completeness of the information or opinions contained in this document.

Formacar Crypto is not and shall not be liable in any way for any damages arising, directly or indirectly, from any use of the present information or the Project.

The national and international regulatory framework governing blockchain and distributed ledger technology in general, as well as any addenda related thereto, are currently in the process of being refined and therefore subject to change. It is possible that the interpretation and application of existing laws and regulations may later be changed or undergo adaptations, and may also give rise to new legislative initiatives at national and international levels. Clarifications and amendments to the regulatory framework might adversely affect Formacar Action tokens in a manner that might leave us no control over these events whatsoever.

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