Broker Updates on Nov. 30 - Dec. 6

Vietnam

Crypto Scam

1. The Chinese authorities have confiscated crypto coins worth more than 4.2 billion USD connected to the notorious Plus Token scam, local court files reveal. That however is only a small part of the total amount more than 11 billion USD, having be stolen from over 2.6 million investors worldwide. A local court, having convicted 15 individuals linked to the crypto scam on November 19, gives them jail sentences around 2 to 15 years and fines around 100,000 USD to 1 million USD. Originally the local police has arrested 27 persons in connection to the scam.

License Canceled

2. ASIC cancels AFS license of Jels Financial Group, Selectinvest. Both the companies failed to submit audited financial reports for several years.

Indonesia

TechnologyInnovation

3. Minister of Trade Agus Suparmanto invites various parties to innovate by utilizing information technologies to assess the warehouse receipt system (SRG)to improve Indonesian economy, one of which is through Warehouse Management System(WMS), which was developed by the Ministry of Trade's commodity futures trading supervisory agency (Bappebti).

Business Expansion

4. Equiti Group has collaborated with BridgerPay. The broker, having reported a 30% increase in global deposit approvals, now offers over 100 local payment solutions. The broker aims to expand in key regions with the newly developed partnership.

Thailand

Scam Warning

5. The Financial Conduct Authority (FCA) has warned local investors to watch out for a company called 4TFX, which seemingly impersonates the financial services group, AT Global Markets (UK) Limited.

Japan

Financial Data

6. Uncollected balance mainly due to loss-cut caused by FX market swings as of August 24, 2015 (preliminary figures)

Note 1: For monetary value of incidents, any fraction less than the unit is rounded down. The date is based on the business day (from around 6 a.m. early morning on August 24 to around 6 a.m. early morning on August 25).

Note 2: Fluctuations of FX rates such as ZAR/JPY early in the morning and USD/JPY in the night led to the uncollected balance.

Commonwealth of Independent States (CIS)

Charitable Campaign

7. Change One Life is a charitable foundation sponsored by Forex Club. Since 2012, they have been helping orphans find new homes. The Global Giving crowd-funding platform will increase all donations made to Change One Life on December 1, 2020 through the campaign of “#GivingTuesday”. With a total of $ 1 million in bonuses, this will be the largest global giving promotion to date.

Trading Instrument List

8. Since November 17, 2020 Alpari has been expanding the list of trading instruments. All clients of the international financial brand on pro.ecn.mt4 accounts now have access to 11 new instruments of the CFD index group: 6 instruments for forex indices and 5 instruments for stock indices.