Philippines SEC Advisory on PayAdStars
The scheme of PayAdStars, SEC said, involves the offering and sale of securities in the form of investment contracts to the public.
OFW Remittances in January to February Climb to US$5.6 Billion
The Bangko Sentral ng Pilipinas (BSP) reported increased OFW remittances in February 2020 at US$2.62 billion, which is 2.6% higher than what was previously recorded in February 2019.
SEC Notifies Lending Firms of Grace Period Extension During MECQ/GCQ
In view of the imposition of MECQ and GCQ in the country until May 31, 2020, the 30-day grace period for loan payments will be further extended to all loans with principal and/or interest falling due from March 17, 2020 to May 31, 2020.
Telegram Abandons Gram Token Project and Open Network (TON)
Telegram CEO Pavel Durov announces it is discontinuing the Telegram Open Network (TON) and the GRAM token after a regulatory battle with the US Securities and Exchange Commission (US SEC).
SEC Advisory vs Crypto Invest With Us (CIWU)
SEC said this scheme involves the sale of securities in the form of investment contracts to the pub
PH SEC Advisory Against WonCoin/Won Project
SEC also said Won Project took advantage of the current health crisis by offering a promo that gives an additional 50% bonus on Woncoin purchases during the pandemic so that these investors can earn during the quarantine period.