Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 75

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 75
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 economically reasonable
terms or at all.

We are subject to laws, regulations, and industry requirements
related to data privacy, data protection and information security, and user protection across different markets where we conduct our business.
Any actual or perceived failure to comply with such laws, regulations, and industry requirements, or our privacy policies, could adversely
affect our business, results of operations, or financial condition.

In connection with running our business, we receive,
store, use and otherwise process information that relates to individuals and/or constitutes “personal data,” “personal
information,” “personally identifiable information,” or similar terms under applicable data privacy laws, including
information that is considered “sensitive” under such laws (collectively, “Personal Information”), from and about
actual and prospective users, as well as our employees, business contacts, and other individuals. We also depend on a number of third
party vendors and partners (including digital wallet providers, cryptocurrency payment processors, financial institutions, retail partners,
and security and compliance providers) in relation to the operation of our business, a number of which process Personal Information on
our behalf.

We and our vendors are subject to a variety of federal
and state data privacy laws, rules, regulations, industry standards and other requirements, including those that apply generally to the
handling of Personal Information, and those that are specific to certain industries, sectors, contexts, or locations. These requirements
and their application and interpretation are constantly evolving. It is also possible that new laws, regulations and other requirements,
or amendments to or changes in interpretations of existing laws, regulations and other requirements (especially related to the regulation
of cryptocurrency and related assets), may require us to incur significant costs, implement new processes, or change our handling of information
and business operations, which could ultimately hinder our ability to grow our business by extracting value from our data assets.

For example, in the United States, the FTC
and state regulators enforce a variety of data privacy issues, such as promises made in privacy policies or failures to appropriately
protect information about individuals, as unfair or deceptive acts or practices in or affecting commerce in violation of the Federal Trade
Commission Act or similar state laws. The FTC expects a company’s cybersecurity measures to be reasonable and appropriate in light
of the sensitivity and volume of consumer information it holds, the size and complexity of its business, and the cost of available tools
to improve security and reduce vulnerabilities.

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In addition, in recent years, certain states
have adopted or modified data privacy