This equipment has been prepared for information and education only. It does not provide tailor -made investment advice individually. It has been prepared without regard for individual financial circumstances and the objectives of the people who receive it.
The purchase, sale and transaction of non -bubble tokens (NFT) or other digital assets and related products are very speculative and can cause loss of the entire investment. These products are intended only for people who are able to support the economic risk of investment and who do not need liquidity with regard to their investments. Buyers, sellers and users of these digital assets should deeply familiarize themselves with such risks and considerations before transforming in these other digital assets. Risks and considerations include, without limiting themselves: extreme volatility; limited transferability and liquidity; The evolution of government regulations, including tax considerations; And a potential for fraud, illegality, hacking or other disturbances in the blockchain or problems of use and retention of the “private keys” necessary to access a digital asset.
The information contained here comes from several sources deemed reliable but is not guaranteed and does not necessarily reflect the views, opinions or advice of Morgan Stanley Smith Barney LLC (“Morgan Stanley”) or its affiliates. Morgan Stanley is not responsible for the information or data contained in this equipment. It has been prepared without regard for individual financial circumstances and the objectives of the people who receive it. It is not a recommendation to buy or sell NFT or digital assets, and it is not used to assess NFT or digital assets. Investors must independently assess a specific NFT / digital active ingredient, investments and strategies, and should request the advice of a third -party advisor appropriate for help in this regard such as Morgan Stanley Smith Barney LLC, its affiliates and the financial advisers of Morgan Stanley and private wealth advisers do not provide advice on NFT or digital assets.
Digital active ingredients, sometimes known as cryptocurrency, are a digital representation of a value which works as a means of exchange, an account unit or a reserve of value, but which generally do not have a tender status. Digital assets have no intrinsic value and there is no underlying investment in digital assets. The value of digital assets is derived by the supply and demand market forces, and is therefore more volatile than the value of traditional currencies. Investing in digital assets is risky and the transaction in digital assets has various risks, including, but without limiting itself, fraud, theft, market volatility, market handling and cybersecurity failures – such as the risk of hacking, flight, programming and accidental loss bugs. In addition, there is no guarantee that an entity currently accepts digital assets as payment will do in the future. Volatility and unpredictability of the price of digital assets can cause significant and immediate losses. It may not be possible to liquidate a position of digital assets in a timely time at a reasonable price.
The regulation of digital assets continues to develop on a global scale and, as such, federal, state or foreign governments may restrict the use and exchange of all or part of digital assets, contributing more to their volatility. Digital assets stored online are not insured and do not have the same protections or guarantees of bank deposits in the United States or in other jurisdictions. Digital assets can be exchanged for American dollars or other currencies, but are generally not supported or supported by any government or central bank. Before buying, investors should note that the risks applicable to a digital asset may not be the same risks applicable to other forms of digital assets. Markets and exchanges for digital assets are not currently regulated in the same way and do not provide the protections of available customers in shares, fixed income, term options, products or exchange markets.
Morgan Stanley Smith Barney LLC does not imply an affiliation, sponsorship, approval with / third party or that any follow -up is made by Morgan Stanley Smith Barney LLC (“Morgan Stanley) of any information contained in the website. Morgan Stanley is not responsible for the information contained on the third -party website or the use or inability to use such a site. We do not guarantee their precision or their exhaustiveness.
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CRC # 4888554 (08/2022)
