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 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
SEC said that its online payments tool will start accepting fee payments to BIR later this year. SEC — The Securities and Exchange Commission said that its online payments tool will start accepting fee payments to the Bureau of Internal Revenue (BIR) later this year. The agency said in a report to the Department of … Read more
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 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
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 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
Xian Gaza reacted to SEC Advisory on “CAREFUND” Here’s a reaction from Xian Gaza after seeing the advisory on Christiano Alberto Real Estate Fund (CAREFUND) from the Securities and Exchange Commission (SEC). Xian Gaza was commonly known as a convicted scammer and also known for offering something to his celebrity crushes. To recall, Xian started … Read more
SEC advised the public not to invest in ‘CAREFUND’ The Securities and Exchange Commission (SEC) advised the public not to invest in Christiano Alberto Real Estate Fund (CAREFUND). This, as the Securities and Exchange Commission released an advisory on CAREFUND last September 3, 2020. In its advisory, SEC said that its records showed that “CAREFUND” … Read more