Is Bitcoin Cloud Mining Legal or Illegal in the Philippines?
Explore the legal landscape of Bitcoin cloud mining in the Philippines.
Explore the legal landscape of Bitcoin cloud mining in the Philippines.
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.
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.
The Philippines’ Securities and Exchange Commission has issued an advisory against a bitcoin investment scheme running in the country.
The Philippine Securities and Exchange Commission determined that cloud mining contracts are “securities” and must therefore be duly registered.