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

Sky Mavis or Axie Infinity “Not Registered” With SEC

Axie SEC

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 Reacts To SEC Advisory On ‘CAREFUND’

Xian Gaza

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 Tells Public Not To Invest In ‘CAREFUND’

SEC CAREFUND

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

SEC Issues Cease And Desist Order vs CROWD1

SEC

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