PH SEC Issues Advisory Against Mining City, a Crypto Mining Contract Platform
Any claim of decentralization does not change the fact that the SEC will enforce its rules if it deems that a project or company’s offering is a security.
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Cloud Mining
One Bitcoin Mining Operator Reports Increasing Profits as Bitcoin Price Increases
Recognizing the increase in Bitcoin price as a key reason for revenue, the company is expecting to have generated 161 bitcoin as of June 30, 2019.
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Philippines SEC Issues Advisory Against Airbit Club
The Philippines’ Securities and Exchange Commission has issued an advisory against a bitcoin investment scheme running in the country.
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Philippines SEC: Avoid Unregistered Cloud Mining Contracts
The Philippine Securities and Exchange Commission determined that cloud mining contracts are “securities” and must therefore be duly registered.
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