Philippine Regulator Reiterates Advisory on Paysbook Corporation
SEC renews its advisory against Paysbook and warns anyone connected with the scam of possible charges, penalty, and imprisonment.
SEC renews its advisory against Paysbook and warns anyone connected with the scam of possible charges, penalty, and imprisonment.
The 37-page draft rules have updates ranging from the definition “blockchain”, clarification on escrow agents, and what constitutes a startup.
The Philippines’ Securities & Exchange Commission is still accepting comments & position papers from the public about its proposed ICO rules.
The Philippines’ Securities and Exchange Commission is in the process of creating draft rules for virtual currency exchanges that act as trading platforms.
According to the commission, “mere appearance at the SEC Office is not equivalent to the lifting of the Advisory issued against YEHEEY”.
Through the regulatory sandbox approach, the BSP observes fintech and blockchain companies and then drafts necessary regulations.
Ploutos Coin posts on Facebook called the CEZA and Mark Freeman “meeting” as their “comeback” after the SEC advised against investing in the said coin.
All eyes focused on the Philippines as the govt works to formalize ICOs. This meetup group discusses the draft ICO rules and raises some points to consider.
The draft has provisions on the types of tokens, registration processes and assessment for ICOs, reporting requirements, and conditions for exemption.
The Philippines’ Securities and Exchange Commission is set to release draft regulations on the use of cryptocurrencies as an investment tool in the country.