Octa issues statement in response to MAS alert list update

Following the recent announcement by the Monetary Authority of Singapore (MAS) regarding the addition of Octa to its investor alert list and the upcoming restriction of access to its platform in Singapore starting June 20, Octa has issued an official statement:

Firstly, we are fully aware of the regulatory requirements and are already taking all the necessary steps to meet them. With that goal in mind, we are currently working towards establishing a compliant presence in the regions where our platform is available. We are also in ongoing communication with regulators, legal advisors, and relevant parties to ensure alignment with local legislation.

As a regulated global broker, Octa follows international policies that serve to protect clients' funds and prevent malicious activities. In the present situation, we prioritise the security of our Singaporean clients' funds and stay on top of our financial responsibilities.

The company further reiterated its commitment to transparency and responsible operations across all markets, noting that it is an internationally recognised broker with global licences.