The Secretary for Security, Chris Tang Ping-keung, recently pledged to track down the mastermind of the cryptocurrency platform JPEX. Moreover, following the exchange’s probe, the Securities and Futures Commission (SFC) of Hong Kong announced that it will publish a list of firms that have applied for its newly launched retail crypto trading licenses. (Read more:…
AirBit Club co-founder Pablo Rodriguez sentenced to 12 years for cryptocurrency Ponzi scheme.
Since the two entities mentioned above possess characteristics of Ponzi scheme, the regulatory agency warned the public to stop investing in them and avoid engaging others to invest in them.
The Bangko Sentral ng Pilipinas disqualifies Riyben Foreign Exchange for operating as an unlicensed Money Service Business.
Senator Robinhood Padilla showed his intention to support a bill that will focus on blockchain adoption in the country.
SEC Philippines hosted two workshops with the U.S. SEC, the Asian Development Bank, and the International Organization of Securities Commissions.
![[Breaking] UnionBank Secures Full VASP Crypto Exchange License from the BSP](https://bitpinas.com/wp-content/uploads/2023/09/BSP-and-UnionBank-1-1-768x432.png "[Breaking] UnionBank Secures Full VASP Crypto Exchange License from the BSP 7")
UnionBank becomes the first universal bank in the Philippines to secure a VASP license from the BSP.
JPEX cites adverse media coverage that led market liquidity providers to freeze the platform’s capital.
The DICT chief acknowledged that text scams persist as some consumers sell their registered SIMs, while others register using counterfeit identification.
Among these victims is an individual that invested ₱50 million and a woman who alleges losing ₱11 million to Tamayo’s scheme.
