US Court: BitMEX Founders to Pay $30M for Illegal Trading
BitMEX former CEO Arthur Hayes has asked the court for probation so he can be able to travel and be with his family.
News | NFT | Regulation
Are Fractionalized NFTs Illegal?
Meanwhile, the commercial lawyer also emphasized that even if the owners of a certain fractionalized NFT will earn, it will still not be considered as security because it is from the secondary market.
SEC Issues Warning Against Sengre and its Crypto Coin Scheme
The Commission is advising the public not to invest in any investment scheme being offered by people allegedly for or on behalf of Sengre.
News | NFT | Regulation
What to Avoid When Marketing NFT Projects?
Atty. Padilla says do not promote it falsely as investments or as financial service.
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.
BSP CBDC Digital Currency Initiative Scheduled for Q4 2022
The BSP explained that wholesale CBDCs may contribute in addressing frictions on large cross-border foreign currency transfers.
Feature | News | NFT | Regulation
NFT Royalty and IP Guide | NFT Law 101
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.
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Are NFT Game Assets Considered Investments or Security?
Should Axie scholars be treated as employees? Are play-to-earn assets considered a security? And what’s the case with Pogi breeds?
Sen. Poe: BSP Must Publicize Sanctions to BDO, UnionBank
The senator added that bank depositors expect full accountability and recompense for damages and losses incurred.
News | NFT | Regulation
Are Project Owners and Influencers Responsible for an NFT Rug Pull?
Developers & influencers have the civil liability to be responsible for those who fell victims, no matter the reason behind the rug pull.