SEC Fires New Warning Vs. Bitcoin Revolution
The Commission advised the public to stop investing in any scheme offered by Bitcoin Revolution.
The Commission advised the public to stop investing in any scheme offered by Bitcoin Revolution.
SEC said the mandatory grace period under the Bayanihan Act shall no longer be applied to loans falling due during the General Community Quarantine (GCQ) or Modified General Community Quarantine (MGCQ) throughout the Philippines starting from June 1, 2020.
This development poses a stronger security threat with the presence of Foreign-Trained-Fighters (FTF) from regional terrorist organizations like the Jemaah Ansharut Daulah (JAD) and the Mujahideen Eastern Timur (MIT) in Mindanao.
The scheme of PayAdStars, SEC said, involves the offering and sale of securities in the form of investment contracts to the public.
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.
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 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 said this scheme involves the sale of securities in the form of investment contracts to the pub
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.