February 16, 2022
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Table Of Contents:
Goes by the following names:
Initially: iprimecapital.com, Intelligence Prime Capital, IPCapital
Now: Intelligence Prime Capital Financial Advisory Pty (Australia), IPCAdvisory.com, Platform (IPCloud, ipcloud.app), Tokens (IPChain, IPC, IUSD, IUSDT, IPC Token )
UPDATE: The initial review was based on IPC as it was in February 2022. However, as of 29th March 2022, the company made significant changes that would warrant avoidance, hence my recommendation of NO-GO.
Here is an article of the incident tracker of the company performance during that period and what changed.
1. COMPANY DISSOLVED IN CANADA on 2022–04-07 link: https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpDtls.html?corpId=13071961&V_TOKEN=null&crpNm=Intelligence Prime Capital Ltd&crpNmbr=&bsNmbr=
2. CEASED ACTIVITIES AS A MONEY SERVICE BUSINESS IN CANADA on 2022–04–04. Detailed info link: https://www10.fintrac-canafe.gc.ca/msb-esm/public/detailed-information/msb-details/7b226d73624f72674e756d626572223a3136353235352c227072696d617279536561726368223a7b226f72674e616d65223a22496e74656c6c6967656e6365205072696d65204361706974616c222c2273656172636854797065223a317d7d/
3. NO LONGER REGISTERED IN US . Search 31000192092217 in link: https://www.fincen.gov/msb-registrant-search brings results: System could not find matching data.
4. CHANGED NAME IN AUSTRALIA to include Financial Advisory i.e. Intelligence Prime Capital Financial Advisory Pty Ltd on 2022–02–16, link: https://connectonline.asic.gov.au/RegistrySearch/faces/landing/SearchRegisters.jspx?_adf.ctrl-state=84f9fumr5_4
5. REMOVED FROM WIKIFX AS A REGULATED BROKER: https://www.wikibit.com/en/dr/1106073993220.html
6. WEBSITE OWNER — Now uses a Proxy to hide owner https://www.whois.com/whois/iprimecapital.com
Website statements: IPCAPITAL is an international Fintech company that is fully licensed with all relevant regulatory authorities and holds a digital asset management license. Its operations include R&D into the future of Fintech, such as quantitative trading, leveraged AI analysis systems, cloud storage systems and enterprise management software. With their proprietary AI analysis system, financial services and technological innovations, they are building everything that financial-savvy users need to survive in the financial markets. The company will drive a global push for everyone to have an even playing ground in the global financial markets.
So based on these statements from their website I evaluated these main aspects:
UPDATE: The company deregistered in US and Canada and ceased operation as iprimecapital/Intelligence Prime Capital. It implemented a forced subscription model to move its clients to its new platform IPCloud and changed their currencies from USDT to a worthless own stable coin called IUSD. So all 3 aspects above FAILED spectacularly.
The company was a Canadian firm that was incorporated on 2nd June 2021 as will be shown from the company verification website. The bot was launched for public trading on 9th August 2021 as announced through their internal announcements and with their first recorded transaction in myfxbook.com starting from 10th August 2021.
Canadian Registration Certificate
INTELLIGENCE PRIME CAPITAL LTD.
1 YONGE STREET, SUITE 1304 TORONTO ON M5E 1W7
Financial Transaction and Reporting Analysis Center (FINTRAC)
Intelligence Prime Capital ltd.
1 YONGE STREET, SUITE 1304 TORONTO ON M5E 1W7
M21080237
U.S. Digital Asset Regulatory License — MSB
MSB Registration Number : 31000192092217
Registration Type : Initial Registration
Legal Name : Intelligence prime capital ltd.
MSB Activities : Dealer in foreign exchange, Money transmitter
Their licensing was as shown above on their website, so below verification was done.
iprimecapital.com business number
iprimecapital.com registered address
iprimecapital.com incorporation date
UPDATE NB: Company Dissolved in April 2022, link: https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpDtls.html?corpId=13071961&V_TOKEN=null&crpNm=Intelligence Prime Capital Ltd&crpNmbr=&bsNmbr=
iprimecapital.com MSB registration
UPDATE NB: Ceased activities as an MSB. Detailed info link: https://www10.fintrac-canafe.gc.ca/msb-esm/public/detailed-information/msb-details/7b226d73624f72674e756d626572223a3136353235352c227072696d617279536561726368223a7b226f72674e616d65223a22496e74656c6c6967656e6365205072696d65204361706974616c222c2273656172636854797065223a317d7d/
NB* The MSB Registrant Search Web page contains entities that have registered as Money Services Businesses (MSBs) pursuant to the Bank Secrecy Act (BSA) regulations at 31 CFR 1022.380(a)-(f), administered by the Financial Crimes Enforcement Network (FinCEN). The inclusion of a business on the MSB Registrant Search Web page is not a recommendation, certification of legitimacy, or endorsement of the business by any government agency.
UPDATE NB* No longer available in US.