Nepal Tells Internet Providers: Block Crypto-Related Websites, Apps
The country has declared transactions using digital technology illegal because these are not recognized as monetary instruments.
The country has declared transactions using digital technology illegal because these are not recognized as monetary instruments.
With this good sign, the Monetary Board can finally focus on inflation targeting rather than foreign exchange rate management, Medalla said.
The investigation has been sending subpoenas to firms, requesting records of their dealings with Binance in the past months.
According to BSP Gov. Medalla, Project CBDH aims to allow any Southeast Asian native in the country to make wholesale transactions.
With this, the U.S. regulators promised to take a careful and cautious approach to crypto activities and exposure at banking organizations.
The Commission said Ground Poultry has elements of a ponzi scheme and that it is connected to two other firms it already tagged as fraudulent.
The scheme of EWTP, which contains 2 investment packages, a 15% commission and profit rate depending on membership, is a Ponzi, as per SEC.
Royal Bull Master offers four passive income investments without a license from the SEC, which also shows a possible Ponzi scheme.
The SEC warned the public against the mobile app SPBOSS/SPOWER/SUN POWER as it entices the public through social media to invest in them.
The SEC is reminding the public to exercise caution or stop dealing with crypto exchanges not licensed in the Philippines.