Anti-Red Tape Authority Junks LYKA’s Request for Automatic SEC Registration
The Anti-Red Tape Authority of the Philippines has rejected LYKA’s request to be automatically approved registration in the country.
The Anti-Red Tape Authority of the Philippines has rejected LYKA’s request to be automatically approved registration in the country.
With the collapse of US banks, we explore the perspectives of different stakeholders on if this contagion will lead to stricter regulations.
The SEC has halted the two entities for enticing the public into an investment solicitation, which the law requires to be licensed.
The BAP emphasized that the BSP’s prudential measures have enabled the Philippine banking system to withstand economic shocks.
A SEC Commissioner confirmed that they have had the regulatory framework for crypto since last year, but delayed it due to FTX collapse.
The group collected around $100 million over five years, promising investors guaranteed passive income and profits on any purchase.
PSA also highlighted that food inflation at the national level slowed down to 11.1% in February 2023 from 11.2% in January 2023.
COMELEC conducts a breakout session titled “Use of Blockchain Technology in the Automated Election System” during the National Poll Summit.
The International Monetary Fund (IMF) is recommending countries not grant crypto assets official currency or legal tender status.
Gensler emphasized that apart from Bitcoin spot transactions, every other crypto transaction fall under the SEC’s jurisdiction.