, conditions and procedures as specified in the notification by failing to put in place a sufficient and effective system for analyzing, reviewing and monitoring the quality of securities. SEC Act S.117

procedures as specified in the notification. In this regard, Bitazza's compliance system for monitoring the operations of the digital asset business operator was deficient. In particular, Bitazza failed

and selection of investments, monitoring of investments, and disclosure of information to be offered to clients. Such conduct constituted a violation of Section 133, paragraph two of the Securities and

the relevant notification. In this regard, Gulf Binance submitted 46 reports of the results of monitoring and inspecting trading conditions (Daily Report) for the period from November 23, 2024 to April

relevant notification. In this regard, ORBIX TRADE submitted a report of the results of monitoring and inspecting trading conditions (Daily Report) of November 23, 2024 to the SEC office later than the

procedures stipulated in the relevant notification. In this regard, Z.COMEX submitted 41 reports of the results of monitoring and inspecting trading conditions (Daily Report) for the period from November 23

relevant notification. In this regard, INVX submitted 42 reports of the results of monitoring and inspecting trading conditions (Daily Report) for the period from November 23, 2024 to March 29, 2025 to the

for monitoring the operations of the digital asset business operator was deficient. In particular, Bitazza failed to prepare an audit plan that appropriately reflected the relevant risks. The audit

and effective system for analyzing, reviewing and monitoring the quality of securities, resulted from the instruction or the failure to give instruction which is a duty required to be performed. SEC

for analyzing, reviewing and monitoring the quality of securities, resulted from the instruction or the failure to give instruction which is a duty required to be performed. SEC Act S.283 paragraph 1