English to Italian Other Law (general) T&C

you specifically understand, acknowledge and agree that while the ALGO Tokens do not constitute securities, units in a collective investment, or other regulated product or equivalent under the laws of Singapore, it is possible that the ALGO Tokens could be considered securities under the laws of the United States of America, and that laws and regulations are evolving on this topic. The Foundation **disclaims any representation or warranty** that ALGO Tokens can be legally traded or transacted in any jurisdictions, including the Excluded Jurisdictions;