SEC issued an advisory against “play-to-earn” games and other non-registered foreign entities. The Securities and Exchange Commission (SEC) recently issued an advisory against “play-to-earn” games and other non-registered foreign entities. In an advisory, SEC encouraged the public to be careful when transacting or dealing with entities or corporations that weren’t licensed or registered in the … Read more
Sky Mavis or Axie Infinity was “not registered” with SEC Popular online play-to-earn game “Axie Infinity” or game developer Sky Mavis wasn’t registered as a corporation with the Securities and Exchange Commission (SEC) nor did it have a license to trade or sell securities in the Philippines. The Securities and Exchange Commission informed Business Bulletin … Read more
SEC Issued Cease And Desist Order Against CROWD1 ASIA PACIFIC, INC. The Securities and Exchange Commission (SEC) issued a closure order against CROWD1 as the company was tagged as a “scheme disguised as a digital marketing business”. Signed last May 12, the Commission issued SEC CDO Case No. 05-20-064 wherein the SEC issued a cease … Read more