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.
Read moreMeanwhile, 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.
Read moreAtty. Padilla says do not promote it falsely as investments or as financial service.
Read moreHowever, 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.
Read moreShould Axie scholars be treated as employees? Are play-to-earn assets considered a security? And what’s the case with Pogi breeds?
Read moreDevelopers & influencers have the civil liability to be responsible for those who fell victims, no matter the reason behind the rug pull.
Read moreHe reiterated that not having the License to Transact Business by the SEC will only result in limited privileges in the country.
Read moreEven if the market speculates, the fact that an asset is speculated on does not make it a security.
Read moreFrom property rights to IP Code, here’s everything you need to know about NFT laws and crypto art regulation in the Philippines.
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