TSX: VOYG
OTCQX: VYGVF
FRA: UCD2
NEW
YORK, June 9, 2022 /PRNewswire/ - Voyager
Digital Ltd. (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) ("Voyager"
or the "Company"), through its operating subsidiaries, is at the
forefront of innovation in the rapidly evolving crypto industry,
and is committed to providing the best experience for its
customers.
This is an update to announcements Voyager made on March 30, 2022 and April
5, 2022 regarding certain orders the Company received from
the state securities divisions of several states. These orders
concern only one benefit of customer accounts permitting customers
to earn rewards on their balances of certain crypto assets
("Voyager Earn Program"). Since these announcements, Voyager has
received additional orders from California and South
Carolina with similar concerns about the Voyager Earn
Program. All but one state, Kentucky, continue to permit customers to
participate in the Voyager Earn Program. Voyager continues to
engage in dialogue with several states in order to pursue an
acceptable regulatory solution.
"It is encouraging that all states, other than Kentucky, have allowed Voyager to continue to
operate the Voyager Earn Program. Based on the continued operation
of the Voyager Earn Program and similar programs across the
industry, I am hopeful that an acceptable path forward can be
agreed upon to ensure that our customers can continue to be
rewarded for their loyalty to Voyager in these inflationary times
and to keep the US crypto asset industry at the forefront of crypto
adoption and innovation. Voyager's ethos has been, and will
continue to be, about giving our customers the most accessible and
rewarding experience possible," said Stephen Ehrlich, CEO and co-founder of
Voyager.
About Voyager Digital
Ltd.
Publicly traded, Voyager Digital Ltd.'s (TSX: VOYG) (OTCQX:
VYGVF) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a
fast-growing cryptocurrency platform in the United States founded in 2018 to bring
choice, transparency, and cost efficiency to the marketplace.
Voyager offers a secure way to trade over 100 different crypto
assets using its easy-to-use mobile application. Through its
subsidiary Coinify ApS, Voyager provides crypto payment solutions
for both consumers and merchants around the globe. To learn more
about the company, please visit https://www.investvoyager.com.
Forward Looking
Statements
Certain information in this press release, including, but not
limited to, statements regarding the Company's interpretation of
the orders received, the intent, terms and effectiveness of the
orders, the expectation of clarification of such orders from the
applicable states, the outcome of the discussions with the
regulators, the timing for the imposition of restrictions and the
terms of such restrictions, the impact of the orders on the other
products and services offered by the Company, the success of the
Company's business strategy, future changes in laws and regulations
or the interpretation thereof, the Company's success and legal
strategy in response to stat orders, future legislative change, the
status and operation of the Voyager Earn Program, future growth and
performance of the business, momentum in the businesses, future
adoption of digital assets, and the Company's anticipated results
may constitute forward looking information (collectively,
forward-looking statements), which can be identified by the use of
terms such as "may," "will," "should," "expect," "anticipate,"
"project," "estimate," "intend," "continue" or "believe" (or the
negatives) or other similar variations. Forward-looking statements
involve known and unknown risks, uncertainties and other factors
that may cause Voyager's actual results, performance, or
achievements to be materially different from any of its future
results, performance or achievements expressed or implied by
forward- looking statements. Moreover, Voyager operates in a very
competitive and rapidly changing environment. New risks emerge from
time to time. It is not possible for Company management to predict
all risks, the interpretation or application of existing laws by
regulators, nor can Voyager assess the impact of all factors on
Voyager business or the extent to which any factor, or combination
of factors, may cause actual results to differ materially from
those contained in any forward-looking statements Voyager may make.
In light of these risks, uncertainties, and assumptions, the future
events and trends discussed in this press release may not occur and
actual results could differ materially and adversely from those
anticipated or implied in the forward-looking statements. Forward
looking statements are subject to regulatory risks, regulatory
actions and claims, the risk of changes of laws or the
interpretation or application thereof, the risk that the global
economy, industry, or the Company's businesses and investments do
not perform as anticipated, that revenue or expenses estimates may
not be met or may be materially less or more than those
anticipated, that trading momentum does not continue or the demand
for trading solutions declines, customer acquisition does not
increase as planned, product and international expansion do not
occur as planned, risks of compliance with laws and regulations
that currently apply or become applicable to the business or the
interpretation or application of laws and regulations by regulatory
authorities, and those other risks contained in the Company's
public filings, including in its Management Discussion and Analysis
and its Annual Information Form (AIF). Factors that could cause
actual results of the Company and its businesses to differ
materially from those described in such forward-looking statements
include, but are not limited to, the ability of the Company to
continue offering Voyager Earn Program and to offer products and
services consistent with past offerings and continue to offer new
and innovative products and services, a decline in the digital
asset market or general economic conditions; changes in laws or
approaches to regulation or the interpretation or application
thereof, regulatory investigations, enforcement actions or other
regulatory action or sanction or proceedings, the failure or delay
in the adoption of digital assets and the blockchain ecosystem by
institutions; changes in the volatility of crypto currency, changes
in demand for Bitcoin and Ethereum, changes in the status or
classification of cryptocurrency assets, cybersecurity breaches, a
delay or failure in developing infrastructure for the trading
businesses or achieving mandates and gaining traction; failure to
grow assets under management, an adverse development with respect
to an issuer or party to the transaction or failure to obtain a
required regulatory approval. In connection with the
forward-looking statements contained in this press release, the
Company has made assumptions regarding the terms and conditions of
the orders, its ability to continue the dialogue with the
regulators, its ability to seek clarification, its ability to
continue with the Voyager Earn Program, the timing for the
imposition of restrictions and the terms of such restrictions, the
impact of the orders on the other products and services offered by
the Company, its success in responding to any orders or other
regulatory enquiries, actions or claims and the applicability,
interpretation and application of existing laws and regulations.
Forward-looking statements, past and present performance and trends
are not guarantees of future performance; accordingly, you should
not put undue reliance on forward-looking statements, current or
past performance, or current or past trends. Information
identifying assumptions, risks, and uncertainties relating to the
Company are contained in its filings with the Canadian securities
regulators available at www.sedar.com. The forward-looking
statements in this press release are applicable only as of the date
of this release or as of the date specified in the relevant
forward-looking statement and the Company undertakes no obligation
to update any forward-looking statement to reflect events or
circumstances after that date or to reflect the occurrence of
unanticipated events. The Company assumes no obligation to provide
operational updates, except as required by law. If the Company does
update one or more forward-looking statements, no inference should
be drawn that it will make additional updates with respect to those
or other forward-looking statements, unless required by law.
Readers are cautioned that past performance is not indicative of
future performance and current trends in the business and demand
for digital assets or in the application or interpretation of laws
and regulations may not continue and readers should not put undue
reliance on past performance and current trends. All figures are in
U.S. dollars unless otherwise noted.
The TSX has not approved or disapproved of the information
contained herein.
Press Contacts
Voyager Digital, Ltd.
Kevin
Rodriguez Investor Relations
(212) 547-8807
krodriguez@investvoyager.com
Voyager Public Relations Team
pr@investvoyager.com
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SOURCE Voyager Digital (Canada)
Ltd.
