1/29 Registration Company: Billion Capital Limited and its related communities have all been listed as operating investment management and futures brokerage businesses without approval from the Financial Supervisory Commission (FSC).
Youtube Name, URL: Trader’s Club DAO, https://www.youtube.com/@tcdao/videos
IG Account, URL: p1trader, https://www.instagram.com/p1trader
Facebook Account, URL: TCDAO, https://www.facebook.com/TradersClubDAO
Discord Account, URL: Trader’s Club DAO, https://discord.com/invite/Ecpxs3SSxU
Twitter Account, URL: P1trader, https://twitter.com/p1tcdao
Line Group Name, Link: TCDAO Login, https://link.p1trader.com/Line
Service Website URL: https://p1trader.com/
Email: [email protected]
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p1trader/TCDAO Claims High Multiplier Investments and Offers Courses
Warning Issued to Domestic Cryptocurrency Operators “Investment Advisory”
Is Taiwan Regulating? Yes!
KOL and Community Leaders Need to Be Cautious
p1trader/TCDAO and other community platforms promote high performance on their websites, boasting impressive trading records on the Binance exchange and offering paid trading courses. They frequently share their substantial investment profits on their community platforms. Although the content also includes traditional financial assets such as US stocks, the website mostly promotes Binance contract performance. The founder of p1trader/TCDAO is also the co-founder and investment director of Tpay, a payment service.
p1trader/TCDAO Claims Trading Profits Starting from Multipliers
p1trader/TCDAO Promotion on Instagram Community
Introduction of p1trader/TCDAO Founder
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According to the announcement by the FSC, financial services provided by Billion Capital Limited and the aforementioned platforms will not be covered by Taiwan’s financial consumer protection mechanism in the event of financial dispute.
The FSC advises investors to reject securities/futures/investment trust/investment advisory services provided within Taiwan by Billion Capital Limited, Trader’s Club DAO, p1trader, TCDAO, and TCDAO Login, and to avoid remitting funds to the accounts provided by these operators. As for the list of securities and futures industry operators approved by the FSC, investors can refer to the “Prevention of Illegal Securities and Futures Business Promotion Zone” on the FSC Securities and Futures Bureau website for inquiries.
This is also a rare warning from the FSC regarding “investment advisory” related to cryptocurrency assets.
Have you heard of the “Guidelines for the Supervision of Virtual Asset Service Providers (VASP) by the FSC”?
(The FSC officially announced the VASP guidelines that both “individual virtual currency businesses” and “overseas virtual currency businesses” must comply with)
The FSC has established regulatory scope (definition of business scope) for operators engaged in the virtual asset (cryptocurrency) industry and requires them to complete anti-money laundering declarations (current list).
The following activities performed on behalf of others will be considered as operators:
Exchange between virtual currencies and New Taiwan Dollars, foreign currencies issued by Mainland China, Hong Kong, or Macau.
Exchange between virtual currencies.
Transfer of virtual currencies.
Storage, management of virtual currencies, or provision of related management tools.
Participation in and provision of related financial services for the issuance or sale of virtual currencies.
Currently, the focus of management and enforcement is mostly on exchanges and OTC (virtual currency businesses). Recently, exchanges such as Binance and ACE have been fined by the FSC due to involvement in money laundering activities.
(The pursuit of the “88 Mansion” Taiwanese money laundering network: the operator of the exchange “Binance” was detained through anti-money laundering declaration)
(ACE Exchange scandal again! Current responsible person, Wang Chenhuan, was remanded in custody. Just as he clarified, he was implicated in a money laundering case)
The FSC has been actively enforcing laws against money laundering, fraud, gambling, election interference, and political infiltration in the virtual currency (cryptocurrency) sector. This time, the FSC issued a rare warning to virtual currency-related operators regarding their qualifications as “investment advisors”. It is possible that the regulatory authorities have been closely monitoring the investment behavior within this circle, and KOL and community leaders should be more cautious to avoid disputes.
p1trader
TCDAO
Investment Advisory
FSC