Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 280

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 280
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, litigation, penalties, fines, increased costs or liabilities, damages or require us to stop offering payment services in certain
markets. For example, if we are deemed to be a money transmitter, including a money services business, provider of prepaid access, or
any other similar term defined by applicable money transmission or money services business laws, or virtual currency business we could
be subject to certain laws, rules and regulations enforced by multiple authorities and governing bodies in the U.S. and numerous
state and local agencies who may define money transmitter and virtual currency business differently. For example, certain states may have
a more expansive view of money transmitters and virtual currency business activities. Additionally, outside of the U.S., we could be subject
to additional laws, rules and regulations related to the provision of payments and financial services, and as we expand into new jurisdictions,
the foreign regulations and regulators governing our business that we are subject to will expand as well. If we are found to be a money
transmitter or virtual currency business under any applicable regulation and we are not in compliance with such regulations, we may be
subject to fines or other penalties in one or more jurisdictions levied by federal, state or local regulators, including state Attorneys
General, as well as those levied by foreign regulators. In addition to fines and penalties, consequences for failing to comply with applicable
rules and regulations could include criminal and civil proceedings, forfeiture of significant assets or other enforcement actions. We
could also be required to make changes to our business practices or compliance programs as a result of regulatory scrutiny. In addition,
failure to predict how a U.S. law or regulation or a law or regulation from another jurisdiction in which we operate with respect
to money transmission or similar requirements apply or will be applied to us could result in licensure or registration requirements, administrative
enforcement actions and/or could materially interfere with our ability to offer certain payment methods or to conduct our business in
particular jurisdictions. We cannot predict what actions the U.S. or other governments may take or what restrictions these governments
may impose that will affect our ability to process, accept or transmit payments or to conduct our business in particular jurisdictions.
Further, we may become subject to changing payment and financial services regulations and requirements that could potentially affect the
compliance of our current payment processes and increase the operational costs we incur to support payments. The factors identified here
could impose substantial additional costs, involve considerable delay to the development or provision of our solutions, require significant
and costly