Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 80

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 80
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 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 operational changes, or prevent us from providing our products or solutions in any given market.

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We are also subject to rules governing electronic
funds transfers and payment card association rules. We may also be directly or indirectly liable to the payment networks for rule violations.
Payment networks set and interpret their network operating rules and may allege that our business model violates these operating rules.
If such allegations are not resolved favorably, they may result in significant fines and penalties or require changes in our business
practices that may be costly and adversely affect our business. The payment networks could adopt new operating rules or interpret or reinterpret
existing rules, including as a result of a change in our designation by major payment card providers or by a payment network, that we
or our processors might find difficult or even impossible to follow, or costly to implement. As a result, we could lose our ability to
give customers the option of using cards to fund their accounts or purchases or the choice of currency in which they would like their
card to be charged or we may be required to change our business operations. If we are unable to accept cards or are limited in our ability
to do so, our business would be adversely affected. In addition, any increase to fees charged or interchange assessed under, or increased
costs associated with compliance with, payment network rules or payment card provider rules could lead to increased fees and costs for
us or our customers, which may negatively impact payments on our services and usage of our services. Payment networks have imposed, and
may impose in the future, special fees on the purchase of crypto assets, including on our platform, which could negatively impact us and
significantly increase our costs. We could attempt to pass these increases along to our customers, but this could negatively impact our
business or result in the loss of customers, thereby reducing our revenue and earnings. If competitive practices