The Securities and Exchange Commission (SEC) warned the public against dealing with online platforms that provide crypto-asset services without necessary licenses from the commission. In an advisory, the SEC Enforcement and Investor Protection Department identified platforms operated by...
A framework on crypto-assets will be implemented by the end of Marcos administration to combat cross-border tax evasion and illicit financial flows, according to the Department of Finance (DOF). “We need faster and stronger systems for collaboration if we are to beat tax evasion and illicit...
The United States (US) Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Funnull Technology Inc., a Philippines-based firm, and its Chinese administrator Liu Lizhi, for facilitating massive virtual currency investment scams known as “pig butchering.” These...
In the year 2000, Blizzard Entertainment released Diablo II. Within just three weeks, it sold over a million copies, setting a new record for computer game sales. It boasted an addictive single-player experience, and its online gameplay was also engaging, allowing players to adventure in groups and...
A new global survey has found that Filipinos are ahead of the curve when it comes to cryptocurrency awareness. The 2024 Global Survey on Crypto and Web3, conducted by blockchain firm Consensys and analytics group YouGov, revealed that 96 percent of Filipino respondents are aware of...
Coins.ph, the Philippines’ leading fiat and crypto wallet services provider, announced Tuesday, April 12, that it has finalized the acquisition by global technology buyout firm Joffre Capital and received regulatory approvals. The new shareholders and management team under Wei Zhou, former chief...
ATFX on Mt4 platform SmarTrade, an advocate of financial literacy for Filipinos, has been helping Pinoys gain financial control and growth by offering 100% free learning sessions about investments such as online trading, something worth exploring especially now that everything has shifted online...
