# 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](https://terms.mykobo.co/definitions/virtual-currency) are not [fiat](https://terms.mykobo.co/definitions/fiat).
* You understand that the use of [virtual currencies ](https://terms.mykobo.co/definitions/virtual-currency)is [risky](https://terms.mykobo.co/definitions/risks-and-limitation-of-liability).