SEC Flags Down S&C Shamai Cloverleaf Group of Companies, Camacho Trading for Unlicensed Investment Schemes
The SEC has halted the two entities for enticing the public into an investment solicitation, which the law requires to be licensed.
Read more
Regulation
All things regulatory and compliance.
No Local Bank Affected by Silicon Valley, Silvergate, Signature Bank Collapse—BSP
The BAP emphasized that the BSP’s prudential measures have enabled the Philippine banking system to withstand economic shocks.
Read more
LAST YEAR PA SANA: SEC reveals PH Crypto Regulatory Framework Draft Delayed Due to FTX Fiasco
A SEC Commissioner confirmed that they have had the regulatory framework for crypto since last year, but delayed it due to FTX collapse.
Read more
AirBit Club Execs – Flagged as Scam by PH SEC in 2018 – Plead Guilty to Fraud Charges in the US
The group collected around $100 million over five years, promising investors guaranteed passive income and profits on any purchase.
Read more
MEDYO GOOD NEWS: PH Inflation Rate Eases to 8.6% for Feb 2023
PSA also highlighted that ‌food inflation at the national level slowed down to 11.1% in February 2023 from 11.2% in January 2023.
Read more
[Exclusive] COMELEC Conducts Session Exploring Blockchain Use in Automated Election
COMELEC conducts a breakout session titled “Use of Blockchain Technology in the Automated Election System” during the National Poll Summit.
Read more
International Monetary Fund – IMF – Rejects Crypto as Legal Tender
The International Monetary Fund (IMF) is recommending countries not grant crypto assets official currency or legal tender status.
Read more
US SEC Chair: Everything Other than Bitcoin is a Security
Gensler emphasized that apart from Bitcoin spot transactions, every other crypto transaction fall under the SEC’s jurisdiction.
Read more Platinum Coin Unlicensed to Solicit Investments: SEC Cautions Public
Platinum Coin is reportedly enticing the public with low investment fees and promising high returns, commissions, passive income, and cash gifts.
Read more
BSP Makes it Easier to Report Problems with Locally-Licensed Crypto Exchanges
BSP said any customer can report local VASPs to the central if the company fails to address their concerns.
Read more