The recent ban on crypto exchange Binance has left many Filipino users wondering whether their holdings will be forever lost. In a recent interview, attorney Paolo Ong discussed the Philippines Securities and Exchange Commission (SEC)’s decision to ban the exchange and how it has affected its users. Binance Is Not Being “Singled Out” Paolo Ong,…
Philippine investors are being warned by the Securities and Exchange Commission (SEC) about the dangers of using unregistered online investment platforms. The latest target is eToro, a popular multinational online crypto trading platform with over 33 million users worldwide. eToro Not Registered In The Philippines According to the SEC, eToro is not registered as a…
The Philippines Security and Exchange Commission has issued an advisory against online trading platform eToro, accusing it of offering unregistered securities in the country. The Philippines regulator had earlier taken action against Binance and blockaded the exchange’s operations in the country. Philippines SEC Issues Advisory The regulator issued the advisory in March and was publicly…
According to local reports, the Australian Securities and Investment Commission (ASIC) has started legal procedures against two crypto companies and their directors for operating unlicensed in the country. Allegedly, the companies participated in an elaborate scheme that resulted in the loss of AU$ 160 million, worth $104 million, from investors. ASIC After Unlicensed Mining Companies…
A recent financial report from Streami, the parent company of Gopax, revealed that the South Korean cryptocurrency exchange experienced significant revenue growth and a notable reduction in net losses in 2023. Gopax’s Revenue Surge And Net Loss Reduction Despite challenges related to liquidity issues and regulatory scrutiny, Gopax narrowed its net loss to 51.3 billion…
In a recent interview with CNBC, Binance’s CEO, Richard Teng, addressed the company’s “cultural issues” and its commitment to compliance following a $4.3 billion fine settlement with the US Department of Justice (DOJ). Teng also highlighted Binance’s transition to “greater maturity” and plans for the potential establishment of a global headquarters, the lack of which…
Cathie Wood, CEO of ARK Invest, a prominent investment firm focused on disruptive technologies, was among key participants in a roundtable discussion at the recent Hong Kong Web3 Carnival. During the discussion, Wood expressed his optimism about the future of blockchain and cryptocurrencies and praised Hong Kong’s approach to regulate the development of Web3. Related…