BSP to Impose Sanctions on BDO and UnionBank over 2021 Hacking Incident
UnionBank also added that “there were no monetary penalties” and that all the recommendations of the BSP to avoid similar incidents had been implemented.
SEC Issues Warning Against Leefire Limited’s Enticing Investment Scheme
The Commission stated that Leefire is “enticing the public to invest their money” on its platform.
News | NFT | Regulation
Should Filipino NFT Projects Just Register Abroad?
He reiterated that not having the License to Transact Business by the SEC will only result in limited privileges in the country.
BSP To Pilot CBDC for Wholesale Transactions
The initiative is part of its aim to promote the stability of the country’s payment system.
Are NFT Art and Collectibles Considered Security?
Even if the market speculates, the fact that an asset is speculated on does not make it a security.
SEC Warns Public Against Staking Scam YDYS Trading
The Commission reminded the public not to invest and to stop investing in any investment scheme being offered by YDYS TRADING.
OFW Remittance Growth Slows in February
Personal remittances stood at $2.793 billion, a 1.2% higher from $2.759 billion last year, but still lower than January’s $2.966 billion.
SEC Warns Public Against Sports Betting Scam LFC Football
The Commission also noted that LFC Football is also not registered either as a crowdfunding intermediary or a funding portal.
Anti-Money Laundering Council Warns Banks to Closely Watch Play-to-Earn Transactions
AMLC Executive Director Mel Georgie B. Racela stressed that financial institutions are involved when players convert in-game tokens into fiat currency.
Feature | News | Regulation
What is the Current State of NFT-related Laws in the Philippines?
From property rights to IP Code, here’s everything you need to know about NFT laws and crypto art regulation in the Philippines.