Memorise the finance vocabulary

pop-up shop – 快闪店
There is a pop up shop that will open soon in this mall. There is a pop up shop opening soon in this mall. 
the rise of – 上升/兴起
The rise of Asia means the fall of North America.
platform – 平台
The platform economy will be facing the challenges
patch – 补丁
Although he looked very poor, his clothes were patched，but the truth is he is a rich man。
sustainability (n.) – 可持续性
The new marketing plan needs to consider the sustainability of this industry. 

Weight loss is a consistent process.

Vocabulary

consistent (adj.) – 持续的

warning – 警告

trading – 交易
i.e. stock trading – 股票交易

crypto-asset – 加密资产

entity – 机构

urge (v.) – 强力推荐

be wary of – 当心

invest – 投资

option – 期权

future – 期货

certain – 一定的

investor protection – 投资人保护

deal with – 处理
i.e. I don’t want to deal with this problem.

hold  (v.) – 持有
i.e. I hold the stock of this company.

offer – 提供

require – 要求

derivative – 衍生产品

leveraged token – 杠杆代币

binary option – 二元期权

retail – 零售

sale – 销售

ban – 禁止

order – 法令

extend – 延长

permanent – 永久的

in force – 有效的

a number of – 一定数量的

significant – 重大的

loss – 损失

due to – because of

excessive – 过多的

outage – 关闭

liquidation – 清算

unfair – 不公平的

prevent – 阻止

access – 访问

step – 步数

take step – 做出行动

reference – 参考

disclosure – 声明

be subject to – 服从

aim to – 目的

ensure – 保证

obligation – 义务

provider – 提供者

Warning: Trading crypto-asset related financial products through unlicensed entities

18 August 2021

• ASIC urges Australians to be wary of investing in crypto-asset related financial products, such as options and futures, through unlicensed entities
• By dealing with a licensed entity, you have certain investor protections
• Check if the entity you are dealing with holds an Australian financial services (AFS) licence or an Australian market licence (AML)

Be wary of entities or platforms unlicensed to offer financial products

ASIC urges Australians to be wary of investing in crypto-asset related financial products and services where the provider does not hold an AFS licence or an AML.

An entity is required to be licensed by ASIC if they provide financial services (such as advising or dealing) in relation to financial products offered in Australia. Financial products include derivatives such as options, futures, leveraged tokens and binary options. The sale of binary options to retail clients was recently banned in Australia under an order that will remain in force for 18 months, after which it may be extended or made permanent.

ASIC has received a number of reports from Australians who have used unlicensed platforms to trade crypto-asset related financial products, such as options and futures, and have experienced significant losses due to excessive leverage, platform outages, or unfair liquidations.

ASIC understands that some unlicensed overseas platforms are taking, or have already taken, steps to prevent Australian clients from accessing these financial products. These steps include removing references and links, placing additional warnings and disclosures on the relevant webpages and apps, and introducing geographically based IP restrictions (geo-blocking). This prevents more Australian consumers from accessing financial products provided by the unlicensed platform.

Investor protections

Licensed entities are subject to a regulatory framework that aims to maintain the integrity, quality and reputation of the Australian financial system.

Dealing with licensed entities ensures that you have the benefit of specific obligations and investor protections imposed on these entities under the Corporations Act, that would not be applicable to an unlicensed provider.

If an entity is unlicensed, you are taking a risk that you will not be afforded with the investor protections required of licensed providers.