SEC Advises Public Not To Invest In LodiCoin

SEC Philippines

SEC: “Hence, the public is advised NOT TO INVEST or STOP INVESTING in Lodicoins and Lodi Technologies Incorporated’s investment-taking scheme“ SEC — The Securities and Exchange Commission recently issued an advisory telling the public not to invest in LodiCoin. According to SEC, the said advisory is prompted by several reports received by the Commission on … Read more

BSP and SEC Seek Clearer Regulations On Digital Assets

BSP and SEC

BSP and SEC are seeking clearer regulations on digital assets BSP and SEC — The Bangko Sentral ng Pilipinas and the Securities and Exchange Commission are seeking clearer regulations on digital assets in order to protect consumers. This was raised during a meeting with the Senate Committee on Banks, Financial Institutions and Currencies as lawmakers, … Read more

Binance Responds To SEC’s Letter To Infrawatch PH

Binance

Binance: “We have written to the SEC to clarify the false and misleading allegations in the Infrawatch complaint” BINANCE — Here’s what the the world’s largest cryptocurrency exchange said in response to Securities and Exchange Commission’s letter to Infrawatch PH. To recall, the Securities and Exchange Commission (SEC) said in a letter to Infrawatch PH … Read more

SEC Warns Public About Investing In Binance

SEC

SEC: “Considering these circumstances, we caution the public not to invest with Binance.”   SEC — The Securities and Exchange Commission (SEC) recently warned the public about investing in crypto exchange platform Binance. To recall, Infrawatch PH called on the Bangko Sentral ng Pilipinas to ban the said crypto exchange platform, citing the platform’s lack of … Read more

SEC OKs Registration Of Leni Robredo’s Angat Buhay Program

Leni Robredo

SEC has approved the registration of Leni Robredo’s Angat Buhay program SEC — The Securities and Exchange Commission has approved the registration of former Vice President Leni Robredo’s “Angat Buhay” program as a business entity. The Angat Buhay Foundation is a non-government organization (NGO) formed by former Vice President Leni Robredo and was officially launched … Read more

Dominguez Says Binance Has No Records With SEC

Carlos Dominguez III

Binance has no records with SEC, according to Finance Secretary Dominguez. CARLOS DOMINGUEZ III — The Finance secretary reminded Filipinos that Binance has no records with the Securities and Exchange Commission (SEC). Binance is currently the world’s largest crypto exchange and the BNB token is the 5th biggest digital token in the world. Although the … Read more

SEC Orders Astrazion Group To Stop Crypto-Themed Investment Scam

SEC

SEC ordered the Astrazion Group to stop its illegal crypto-themed investment scam. SEC — The Securities and Exchange Commission ordered the Astrazion Group to stop its illegal cryptocurrency-themed investment scam. Inquirer reported that the agency issued a cease and desist order against Astrazion Global Holdings Philippines Inc., Astrazion Noble Task Community Foundation, and Astrazion International … Read more

DOF Wants Fintech Companies “Properly” Taxed, Regulated

DOF

The DOF wanted fintech companies to be “properly” taxed and regulated. DOF — The Department of Finance wanted fintech companies in the Philippines to be properly taxed and regulated while urging the sector’s growth and continued innovation. On Tuesday, DOF Secretary Carlos G. Dominguez III said in a statement that he has tasked the Bureau … Read more

SEC Issues Advisory vs “Play-to-Earn” Games And Other Non-Registered Foreign Entities

SEC

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