2 Nabbed for Multi Million-Peso Investment Scam Using Crypto
In the scheme, the criminal’s victims invest a certain amount of money which would then be used for trading cryptocurrencies.
In the scheme, the criminal’s victims invest a certain amount of money which would then be used for trading cryptocurrencies.
The BSP explained that wholesale CBDCs may contribute in addressing frictions on large cross-border foreign currency transfers.
However, the royalties should only go to the NFT artists, creators, and founders. This is because when the royalties of an NFT go to its retail investors, it is considered as security, an entirely different process.
Should Axie scholars be treated as employees? Are play-to-earn assets considered a security? And what’s the case with Pogi breeds?
The senator added that bank depositors expect full accountability and recompense for damages and losses incurred.
Developers & influencers have the civil liability to be responsible for those who fell victims, no matter the reason behind the rug pull.
UnionBank also added that “there were no monetary penalties” and that all the recommendations of the BSP to avoid similar incidents had been implemented.
The Commission stated that Leefire is “enticing the public to invest their money” on its platform.
He reiterated that not having the License to Transact Business by the SEC will only result in limited privileges in the country.
The initiative is part of its aim to promote the stability of the country’s payment system.