Following the tips from various sources to SEC, several investment solicitations have been found via online channels such as websites, Facebook and YouTube regarding the products that may be liable to be digital assets (called by many names such as coin, token or digital coin), as follows: 

(1)   Every Coin

(2)   Orientum Coin or ORT Coin

(3)   One Coin and OFC Coin

(4)   Tripxchain Coin or TXC Coin

(5)   TUC Coin

(6)   ICO by G2S Export

(7)   ICO by Singhcom Enterprise

(8)   ICO by Adventure Hostel Bangkok

(9)   ICO by Kidstocurrency

SEC hereby notifies that the nine products above have been neither filed for approval nor existed on the list of SEC-approved digital assets. Therefore, investors are advised to be careful when receiving information or solicitation to invest in such products due to the following reasons:

(1)   Those products above are not digital assets approved by SEC under the governing law; 

(2)   Those products above have not been screened with regard to their qualifications and smart contracts by SEC-approved ICO portals;

(3)   There might not be enough necessary information disclosed for investors.

(4)   These is no business operators under SEC supervision allowed to operate businesses regarding such products;

(5)   Those products above may lack of liquidity for trading with cash or other products

In addition, the Monetary Authority of Singapore (MAS) has informed that OneCoin and businesses related thereto are not under MAS supervision. Similar warnings have been publicized via online media in many countries.

So far, there exists some solicitation to invest in some claim-to-be digital tokens which is in fact another form of Ponzi scheme. Such scheme can be detected by ambiguous business plans, products or platforms, as well as the lack of trustworthy personnel. Therefore, investors should be extra cautious not to get involved in such form of investment.

Currently, there is no approved digital token issuers as well as there are no such applications and/or filing documents being officially submitted to SEC for digital token offering. Therefore, investors are advised to be cautious with such solicitation. For inquiries or tips on suspicious activities, please contact SEC Help center via SEC website or Hotline 1207. If any possible violations of law under supervision of other agencies are found, SEC will cooperate with the relevant agencies for further proceedings. 

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 Note: 

MAS Investor Alert List is available at http://www.mas.gov.sg/IAL.aspx?sc_q=onecoin