# Virtual Currency Transactions

By signing up and using the MYKOBO service you are confirming the following.

* You are operating on your own behalf and not acting on behalf of any other person or entity.
* You understand that [virtual currencies](/definitions/virtual-currency.md) are not [fiat](/definitions/fiat.md).
* You understand that the use of [virtual currencies ](/definitions/virtual-currency.md)is [risky](/definitions/risks-and-limitation-of-liability.md).


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