FSC Targets Cryptocurrency Investment Advisors! P1trader/TCDAO Claims to be the World's Number One on Binance Futures, Listed as Illegally Operating Securities Investment Advisory

On 1/29, the registered company, Billion Capital Co., Ltd., and all its related communities were listed as engaging in investment consulting and futures trading business without the approval of the Financial Supervisory Commission.

• 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 webpage URL: https://p1trader.com/
• Email: [email protected]

p1trader/TCDAO Claims High Leverage Investments, Offers Courses

p1trader/TCDAO and other community platforms boast high performance on their websites, with impressive trading records on the exchange Binance, and they also offer paid trading courses. These platforms often share their high investment profits within the community. While the content in the community includes traditional financial assets like US stocks, the website mainly promotes achievements in Binance contract trading. The founder of p1trader/TCDAO is also the co-founder and investment director of the payment service Tpay.

Warning Issued to Domestic Cryptocurrency Operators by "Investment Advisory" Authorities

The Financial Supervisory Commission (FSC) announced that when financial consumer disputes occur with Coin Capital Ltd. and the above platforms, they will not be covered by Taiwan's financial consumer protection mechanism.

The FSC advises investors to reject securities/futures/investment trust/investment advisory services provided by Coin Capital Ltd., Trader’s Club DAO, p1trader, TCDAO, and TCDAO Login within Taiwan and to avoid transferring funds to the accounts provided by these operators. For a list of securities and futures companies approved by the FSC, investors can refer to the "Prevention of Illegal Securities and Futures Business Advocacy" section on the FSC Securities and Futures Bureau website.

This is a rare warning from the FSC specifically targeting "investment advisory" in the cryptocurrency asset sector.

Is Taiwan Regulated? Yes!

Have you heard of the FSC's "Guidelines for Managing Virtual Asset Platforms and Trading Businesses (VASP)"? The FSC has officially announced VASP guidelines, regulating both "local virtual currency businesses" and "foreign virtual currency businesses."

The FSC has established regulatory scope for businesses engaged in the virtual asset and cryptocurrency industry, with defined business scope and the requirement to complete an anti-money laundering declaration. Those engaged in the following activities for others will be deemed as businesses:

1. Exchange of virtual currencies with New Taiwan Dollars, foreign currencies issued by Mainland China, Hong Kong, or Macau.
2. Exchange of virtual currencies.
3. Transfer of virtual currencies.
4. Storage, management of virtual currencies, or provision of related management tools.
5. Participation in and provision of financial services related to the issuance or sale of virtual currencies.

Current regulation and enforcement mainly focus on exchanges and OTC currency dealers, such as recent penalties imposed by the FSC on exchanges like Binance and ACE due to involvement in money laundering activities.

Crackdown on Taiwan's money laundering mastermind network "88 Club": Exchange "Binance" operations director detained over anti-money laundering declaration

ACE exchange scandal continues! Current responsible person Wang Chenhuan detained, faced with money laundering allegations

KOLs and Signal Groups Should Be Cautious

The FSC has been actively enforcing against money laundering, fraud, gambling, election interference, political infiltration, and other behaviors in the virtual currency and cryptocurrency sector. This time, the FSC has issued a warning to virtual currency-related entities in the "investment advisory" field, indicating that regulatory authorities may be closely monitoring investment behaviors within the industry. Key opinion leaders (KOLs) and signal groups should be more vigilant to avoid disputes.