Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 187

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 187
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 consumers’ confidence in our brands, as well as our ability to provide fast, reliable payment services. As a consumer business,
the strength of our brand and reputation are of paramount importance to us. Several factors could adversely affect consumer confidence
in our brand, many of which are beyond our control, and could have an adverse impact on our results of operations. These factors include:

    ●
    any regulatory action or investigation against us;

    ●
    any significant interruption to our systems and operations;
    and

    ●
    any breach of our security systems or any compromises of
    consumer data.

We expect to be
subject to extensive government regulation if we are deemed to be engaged in a regulated business, and we are faced with the risk that
new regulations applicable to our business will be enacted.

Currently, we are indirectly
impacted by government regulation, however, we may be directly subject to a variety of regulations aimed at preventing money laundering
and financing criminal activity and terrorism, financial services regulations, payment services regulations, consumer protection laws,
currency control regulations, advertising laws and privacy and data protection laws which may sometimes result in monetary or other sanctions
being imposed on our financial service providers or us. Many of these laws and regulations are constantly evolving and are often unclear
and inconsistent with other applicable laws and regulations, making compliance challenging and could directly or indirectly increase
our related operating costs and legal risks. In particular, there has been increased public attention and heightened legislation and
regulations regarding money laundering and terrorist financing. Our financial service providers or us may be required make significant
judgment calls in applying anti-money laundering legislation and risk being found in non-compliance with such laws, which could have
an adverse impact on our business.

The regulatory
regime governing digital assets and offerings of digital assets is evolving and uncertain, and new regulations or policies may materially
adversely affect our development.

We may incorporate digital
assets, including cryptocurrencies, as part of our product offerings. The regulatory regime governing digital assets is uncertain and
rapidly evolving, and new regulations or policies may materially adversely affect the development and the value of our company. Regulation
of digital assets is currently undeveloped and likely to rapidly evolve as government agencies take greater interest in them. Regulation
also varies significantly among international, federal, state and local jurisdictions and is subject to significant uncertainty. Various
legislative and executive bodies in the United States and in other countries may in the future adopt laws, regulations, or guidance,
or take other actions,