Affects: XM clients and prospects affected by the jurisdiction or regulatory framework described
Singapore authorities said internet providers would block access to Octa and XM from 20 June 2025 because the platforms offered capital-markets services without a local licence. XM responded that its site was not specifically directed at Singapore residents and that it had no physical presence or servers in the country.
Key points
- The action affects website access through Singapore-based internet providers.
- Authorities tied the measure to local licensing requirements for leveraged forex and securities services.
- The source includes XM's response disputing targeted local solicitation.
What this means
XM clients and prospects affected by the jurisdiction or regulatory framework described
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Editorial note
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