Voyager press release

TSX: VOYG
OTCQX: VYGVF
ENG: UCD2

NEW YORK, March 30, 2022 /PRNewswire/ – Voyager Digital Ltd. (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) is at the forefront of the rapidly changing crypto industry and is committed to providing the best experience for its customers.

At March 29, 2022, Voyager Digital LLC, Voyager Holdings Inc. and Voyager Digital Ltd. (together “Voyager” or the “Company”) have received the following orders from certain state securities divisions that are members of a North American Securities Administrators Association multi-state task force in respect of Voyager client accounts that allow customers to earn rewards on their crypto balances (“Voyager Earn Accounts”). Voyager is aware of or has received cease and desist orders from the State Securities Divisions of Indiana, Kentucky, New Jersey and Oklahomaand show or similar orders from the state securities divisions of Alabama, Texas, Vermont and Washington. These state orders generally state that Voyager was offering and selling securities or investment contracts in the form of Voyager Earn accounts not registered with the relevant state.

Voyager is in ongoing communication with these state regulators to better understand the terms of their respective regulatory orders and to clarify certain statements in the orders that Voyager believes to be inaccurate. If, as they become effective, the orders will generally prohibit Voyager from offering new Voyager Earn accounts or accepting additional assets in existing Voyager Earn accounts in the affected states. If, over time, some of these orders will allow existing Voyager Earn account customers to continue to earn rewards on existing balances until Voyager has resolved these orders. Three of these orders disclose civil penalties that the affected state intends to seek upon resolution. Voyager seeks clarification of the terms of each of these regulatory orders, including the effective dates and how the proposed civil penalties for alleged violations are calculated and its due process rights. Voyager expects most of these state orders will provide a transition period before taking effect.

Voyager strongly believes that its Earn Program and Voyager Earn Accounts are not securities and intends to demonstrate its position and defend it where necessary and appropriate. Of course, Voyager supports proper regulation and will do its best to demonstrate to those regulators that Voyager has complied with the law.

About Voyager Digital Ltd.
Listed on the stock exchange, the American subsidiary of Voyager Digital Ltd. (TSX: VOYG) (OTCQB: VYGVF) (FRA: UCD2), Voyager Digital, LLC, is a fast-growing cryptocurrency platform in United States founded in 2018 to bring choice, transparency and profitability to the market. Voyager offers a secure way to trade over 100 different crypto assets using its easy to use mobile app. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions to consumers and merchants around the world. To learn more about the company, please visit https://www.investvoyager.com.

Forward-looking statements

Certain information contained in this press release, including, but not limited to, statements regarding the Company’s interpretation of state orders received, intent, terms and effectiveness of state orders , pending clarification of such orders by the affected states, future changes in laws and regulations or their interpretation, the company’s success and legal strategy in response to the orders, future legislative changes, status and operation Voyager Earn accounts, future business growth and performance, business momentum, future adoption of digital assets, and expected Company results may constitute forward-looking information (collectively, forward-looking statements), which can be identified by the use of terms such as “may”, “shall”, “should”, “expect”, “anticipate”, “project”, “estimate”, “intend”. tion of”, “continue” or “believe” (or the negatives) or other similar variants. 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. – understood by forward-looking statements. Additionally, Voyager operates in a highly competitive and rapidly changing environment. New risks appear from time to time. It is not possible for the Company’s management to predict all risks, the interpretation or application of existing laws by regulators, nor can Voyager assess the impact of all factors on the business. of Voyager or the extent to which any factor, or combination of factors, could 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 may differ materially and adversely from those anticipated or implied by the forward-looking statements. Forward-looking statements are subject to regulatory risks, regulatory actions and claims, the risk of changes in laws or their interpretation or application, the risk that the global economy, industry or the Company’s activities and investments not perform as expected, revenue or expense estimates may not be met or may be materially lower or higher than expected, business momentum does not continue or demand for business solutions declines, acquisition customers does not increase as expected, product and international expansion does not occur as expected, risks of compliance with laws and regulations that currently apply or become applicable to the company or interpretation or application of laws and regulations by regulatory authorities, and other risks contained in public documents of e the Company, including in its management report and its annual information form (AIF). Factors that could cause the actual results of the Company and its business to differ materially from those described in these forward-looking statements include, but are not limited to, the Company’s ability to continue to offer Voyager Earn accounts. and to offer products and services consistent with past offerings and continue to offer new and innovative products and services, a downturn in the market for digital assets or general economic conditions; changes in laws or approaches to regulation or their interpretation or application, regulatory investigations, enforcement actions or other regulatory actions or sanctions or procedures, failure or delay in the adoption of digital assets and the blockchain ecosystem by institutions; changes in cryptocurrency volatility, changes in demand for Bitcoin and Ethereum, changes in the status or classification of cryptocurrency assets, cybersecurity breaches, delay or failure in the infrastructure development for business activities or mandate fulfillment and progression; the inability to increase assets under management, an adverse development regarding an issuer or party to the transaction or the inability to obtain 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 state orders, its ability to seek clarification, its ability to continue with Voyager Earn accounts, its success to respond to any state order or other regulatory investigation, action or claim and the applicability, interpretation and application of applicable laws and regulations. Forward-looking statements, past and present performance and trends are not guarantees of future performance; therefore, you should not place undue reliance on any forward-looking statements, current or past performance or current or past trends. Information identifying the assumptions, risks and uncertainties relating to the Company is contained in its documents filed with the Canadian securities authorities available at www.sedar.com. The forward-looking statements contained in this press release speak 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 future events. or circumstances. after that date or to reflect the occurrence of unforeseen events. The Company assumes no obligation to provide operational updates except as required by law. If the Company updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to such or other forward-looking statements, except as required by law. Readers are cautioned that past performance is not indicative of future performance and that current trends in activity and demand for digital assets or in the application or interpretation of laws and regulations may not continue. and readers should not place undue reliance on past performance and current trends. Unless otherwise stated, all figures are in US dollars.

The TSX has not approved or disapproved of the information contained herein.

Press contacts

Voyager Digital, Ltd.

Michael Legg
Head of Communications
(212) 547-8807
[email protected]

Voyager Public Relations Team
[email protected]

SOURCEVoyager Digital (Canada) Ltd.

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