SEC Warns Public Against Investment Scheme “CRYPTOSTAKERS”
Recently, the SEC also flagged 2 entities leveraging on the emerging market of cryptocurrency and play-to-earn games.
Recently, the SEC also flagged 2 entities leveraging on the emerging market of cryptocurrency and play-to-earn games.
SEC also emphasized that OUTRACE is not registered as a Virtual Asset Service Provider (VASP) with the Bangko Sentral ng Pilipinas (BSP).
Translated from: SEC Issues Advisory Against ‘Crypto Asset’ Naglabas ang Securities and Exchange Commission (SEC) ng isang abiso sa publiko na maging maingat sa pakikipag-transaksyon sa indibidwal o grupo ng mga tao na nanghihingi ng mga investment sa ngalan ng crypto trading entity na ‘Crypto Asset’. Binigyang-diin ng SEC na ang Crypto Asset ay hindi…
Further, the memo pointed out that banks are required to exercise a “high degree of diligence” as jurisprudence charges banks with the “obligation to treat their client’s account with the highest degree of care.”
SEC stressed that Crypto Asset is also not registered as a Virtual Asset Service Provider (VASP) with the Bangko Sentral ng Pilipinas (BSP) and does not have a corresponding Certificate of Authority as a Money Service Business.
“We have also seen a number of remittance companies now using crypto to remit money instead of using the traditional clearing and settlement models.”
Ang pagkakaroon ng regulasyon ay hindi nangangahulugan na ating iniendorso ang cryptocurrency bilang legal tender o ‘storage of value’.
Sa usapin naman ng abilidad ng kanilang grupo, siniguro ni Plabasan na meron silang mga tinatawag na ‘ethical hackers’, mga data scientist, at mga sanay na espesyalista.
Diokno reminded the public to transact only through BSP-registered virtual asset service providers (VASPs).
Ayon sa BSP Governor na si Benjamin E. Diokno, kasalukuyan pa nilang ginagawa ang pagaaral tungkol sa paggamit ng ng NFT pati na rin ang pagbabantay sa iba’t ibang klase ng platforms ng online gaming.