Filipino Government Urges DoJ to Shut Down Crypto Ponzi Scheme

Aug 10, 2021 · The Philippine government is now seeking assistance from the United States to help take down a scam that popped up on its radar. Impersonating the Finance Chief

$6
OFF

U.S. DOJ Authorized To Sell $6.5 Billion Worth Of Seized Bitcoin

2 weeks from now

6 days ago · The U.S. Department of Justice (DOJ) has received court approval to sell approximately 69,370 Bitcoin valued at $6.5 billion (₱379 billion). These assets were …

bitpinas.com

$2
OFF

How Online Gambling Unleashed Transnational Crime On The …

2 weeks from now

1 day ago · A casino raid in a sleepy town revealed the mayor’s business connections to Singapore’s $2 billion money-laundering scandal, and sparked allegations of Chinese espionage.

bloomberg.com

36%
OFF

#MicroStrategy Hits 446,400 BTC Despite Stock Slump - YouTube

2 weeks from now

MicroStrategy now holds 446,400 BTC worth $42B, doubling down on its Bitcoin strategy even as MSTR stock drops 36% from its all-time high. Will Saylor’s bold...

youtube.com

FAQs about Filipino Government Urges DoJ to Shut Down Crypto Ponzi Scheme Coupon?

What is happening in crypto Philippines?

This is a developing story: Breaking News: Infrawatch Presses SEC to Shut Down Bitget, OKX for Illegal Crypto Ops in the Philippines What else is happening in Crypto Philippines and beyond? Both platforms allegedly allow peer-to-peer (P2P) crypto transactions, which Infrawatch PH claims violate Philippine financial laws. ...

When will the removal of crypto access in the Philippines take effect?

The removal of access in the Philippines, the SEC said in a statement, will take effect within three months of the issuance of its advisory on Nov. 28 to give Filipino users time to pull out investments from the crypto exchange. ...

What are the new crypto rules in the Philippines?

Philippine SEC new rules aim to enhance transparency and investor protection in the crypto market. Crypto providers must register and submit detailed risk and technology disclosures for public offerings. The SEC seeks stakeholder feedback to create balanced until January 18, 2025. ...

Are P2P crypto transactions illegal in the Philippines?

According to Infrawatch PH, both platforms enable P2P crypto transactions, which are in violation of Philippine financial rules and, due to the lack of oversight, provide the potential for money laundering and other illicit activity. Bitget's Use of GCash Raises Regulatory Concerns Regarding Bitget, according to Infrawatch: ...

Is bitget unauthorized in the Philippine financial system?

As per Infrawatch about Bitget: Bitget has enabled Filipinos to purchase Bitget tokens (BGB) using popular payment platforms such as GCash and local bank transfers, which clearly indicates its unauthorized presence in the Philippine financial system. ...

Is the Philippines a good place to invest in cryptocurrency?

With a young and tech-savvy population—the average age being just 25.3 years—the Philippines has become a global leader in cryptocurrency adoption. As over 562 million people worldwide use crypto-assets, strong regulations are increasingly necessary to address risks like fraud and manipulation. ...