SEC Issues Advisories vs Unlicensed Investment Schemes
Check out the recent advisories from the Securities and Exchange Commission of the Philippines.
Check out the recent advisories from the Securities and Exchange Commission of the Philippines.
SEC said it gave ample time for Binance users in the Philippines to take out their money in the international exchange.
This is not an isolated cancellation incident in the BSPโs oversight activities.
BSP plans to issue wholesale CBDCs to commercial banks and financial institutions for various purposes such as settling interbank payments
Philippines’ NTC enforces SEC’s directive to block unlicensed investment platforms, including MiTrade, to safeguard the public from investment scams
In an email reply, an SEC spokesperson shares an update on the most important question of the crypto community.
In September last year, the central bank said it chose Hyperledger Fabric as the technology backbone for its Project Agila, the pilot wholesale CBDC initiative.
The company, led by Michael Viola, offered subscription packages with high returns, prompting investigations and warnings from regulatory authorities.
Despite warnings and investigations revealing its lack of necessary permits and licenses, CryptoAsset continued its unauthorized offering of investment securities to the public, resulting in legal action by the SEC.
Viral videos are showing a Philippine Senator announcing the Binance ban in the Philippines. But is it true?