The Financial Supervisory Commission targets investment consulting in the crypto! p1trader/TCDAO claims that Binance Futures is No. 1 in the world and is listed as illegally operating securities investment consulting

1/29 Registered company: Biwan Capital Co., Ltd., and its related communities are all listed as operating investment consulting and futures consulting businesses without approval from the Financial Supervisory Commission .

• Youtube name, URL: Trader's Club DAO, https://www.youtube.com/@tcdao/videos
• IG account, website: p1trader, https://www.instagram.com/p1trader
• Facebook account, website: TCDAO, https://www.facebook.com/TradersClubDAO
• Discord account, website: Trader's Club DAO, https://discord.com/invite/Ecpxs3SSxU
• Twitter account, website: P1trader, https://twitter.com/p1tcdao
• Line group name, link: TCDAO Login, https://link.p1trader.com/Line
• Service web address: https://p1trader.com/
• Email: info@p1trader.com

p1trader/TCDAO claims high multiple investment and offers courses

Social platforms such as p1trader/TCDAO boast high performance on their websites, have impressive trading records on the exchange Binance, and offer paid trading courses. He also often shares his high investment profits on social platforms. Although the community content also includes traditional financial targets such as US stocks, most of the promotional content on the website is the performance of Binance futures. The founder of p1trader/TCDAO is also the co-founder and chief investment officer of payment service Tpay.

Warning “investment advisory” warning issued to domestic cryptocurrency players

The Financial Supervisory Commission announced that after checking the financial services of Biwan Capital Co., Ltd. and the above-mentioned platforms, Taiwan's financial consumer protection mechanism will not apply when financial consumption disputes occur.

The Financial Supervisory Commission recommends that investors refuse the securities/futures/investment/investment advisory services provided by Biwan Capital Co., Ltd., Trader's Club DAO, p1trader, TCDAO, Trader's Club DAO, P1trader, and TCDAO Login in Taiwan, and avoid remittances provided by top practitioners. account. As for the list of securities and futures companies approved by the Financial Supervisory Commission, investors can check the "Prevention of Illegal Securities and Futures Industry Promotion Area" on the website of the Securities and Futures Bureau of the Financial Supervisory Commission.

This is also one of the few recent warnings from the Financial Supervisory Commission against crypto-asset “investment advisors.”

Is Taiwan in charge? some!

Have you heard of the Financial Supervisory Commission's " Guiding Principles for the Management of Virtual Asset Platforms and Transaction Business Enterprises (VASP) "?

( Taiwan Financial Supervisory Commission officially announced the VASP guidelines, which are subject to both "individual currency dealers" and "overseas currency dealers" )

The Financial Supervisory Commission has set a regulatory scope ( business scope definition ) for those engaged in the virtual asset (cryptocurrency) industry and is required to complete a money laundering prevention statement ( current list ).

It means that those who engage in the following activities for others will be regarded as business operators:

1. Exchange of virtual currency with New Taiwan Dollars, foreign currencies and currencies issued in Mainland China, Hong Kong or Macau.
2. Exchange between virtual currencies.
3. Transfer virtual currency.
4. Keep and manage virtual currency or provide related management tools.
5. Participate in and provide financial services related to the issuance or sale of virtual currency.

At present, most of the management and enforcement are aimed at exchanges and OTC (currency dealers). For example, the recent exchanges such as Bijing Exchange and ACE Exchange may be fined by the Financial Supervisory Commission for being involved in money laundering.

( Chasing the "Ba Ba Guild" Taiwan Money Laundering Godfather Network: The chief operating officer of the exchange "Bijing" was detained through the anti-laundering statement )

( ACE exchange explodes again! The current person in charge, Wang Chenhuan, was under arrest and was slapped in the face as soon as he clarified that he was also involved in money laundering )

KOL and the order-taking community may need to be vigilant

The Financial Supervisory Commission has recently implemented frequent enforcement actions against virtual currency (cryptocurrency) activities such as money laundering, fraud, gambling, election interference, and political infiltration. This time, the Financial Supervisory Commission issued a rare warning to virtual currency-related businesses regarding the "securities investment advisory" qualification. It is possible that the regulatory authorities are already paying close attention to the investment advisory behavior in the circle, and the KOL and order-taking communities should be more vigilant to avoid disputes.