Monday Markets: Bitcoin at $28k, Ethereum at $700
Bitcoin hits $28k. Ethereum hits $700. Ripple Effects.
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SEC
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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PH SEC Issues Cease and Desist Order to Forsage and its Promoters
SEC said Forsage continued to solicit investments from the public and attempted to discredit the SEC by spreading false information that they are outside the Commission’s jurisdiction.
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SEC Fires New Warning Vs. Bitcoin Revolution
The Commission advised the public to stop investing in any scheme offered by Bitcoin Revolution.
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Mandatory Grace Period for Loans no Longer Applies During GCQ
SEC said the mandatory grace period under the Bayanihan Act shall no longer be applied to loans falling due during the General Community Quarantine (GCQ) or Modified General Community Quarantine (MGCQ) throughout the Philippines starting from June 1, 2020.
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Philippines SEC Advisory on PayAdStars
The scheme of PayAdStars, SEC said, involves the offering and sale of securities in the form of investment contracts to the public.
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SEC Notifies Lending Firms of Grace Period Extension During MECQ/GCQ
In view of the imposition of MECQ and GCQ in the country until May 31, 2020, the 30-day grace period for loan payments will be further extended to all loans with principal and/or interest falling due from March 17, 2020 to May 31, 2020.
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SEC Advisory vs Crypto Invest With Us (CIWU)
SEC said this scheme involves the sale of securities in the form of investment contracts to the pub
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PH SEC Advisory Against WonCoin/Won Project
SEC also said Won Project took advantage of the current health crisis by offering a promo that gives an additional 50% bonus on Woncoin purchases during the pandemic so that these investors can earn during the quarantine period.
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SEC Instructs Lenders to Extend Grace Period on Loans as ECQ is Pushed Until May 15, 2020
The Securities and Exchange Commission (SEC) instructs financing companies, lending companies, and microfinance NGOs to extend the grace period applied on loans until May 15, 2020 as the enhanced community quarantine (ECQ) is also extended up to that date in key cities and provinces in the Philippines.
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