SEC Asked by Infrawatch PH to Ban Binance for Illegal Operations
For the third time, Infrawatch PH has requested the government to ban Binance in the Philippines. This time, with the SEC.
For the third time, Infrawatch PH has requested the government to ban Binance in the Philippines. This time, with the SEC.
Paynance is offering investments to the public with a minimum amount of ₱500.00, with the promise of 8% daily earnings in just 25 days.
SEC is drafting their own measures to create the “best practices in fintech regulation and adopting it in our jurisdiction.”
The Commission emphasized that Decentra is offering its services through an initial membership fee of 99.95 USDT, with a monthly or yearly payment of $34.95 USDT or $349.95, respectively.
This is from a text message the Commission sent to Sec. Dominguez, which also noted that the agency is monitoring the platform.
The entity also offers direct referral bonuses to the individuals that will successfully onboard others to invest on its offered plans.
All crypto businesses targeting the Philippines will be required by Google to show proof of license before they can offer ads.
Astrazion Group was operating an online multi-level marketing platform that sells its digital currency called “AZNT Token.”
Dragonflytech entices the public to invest online by paying an amount, ranging from ₱500.00 to ₱100,000.00, in exchange for products.
The Commission also noted that users earn by purchasing any package and wait until the said “generation period” matures with a guarantee of zero loss.