⚠️Philippines 🇵🇭 SEC @SECGov warns that platforms like dYdX @dYdX, Aevo @aevoxyz, gTrade @GainsNetwork_io, Pacifica @pacifica_fi, Orderly @OrderlyNetwork, Deriv @DeriveXYZ, and Ostium @OstiumLabs are not registered or licensed as cryptocurrency asset service providers locally.


The Securities and Exchange Commission (SEC) issued an investor warning stating that these platforms are not registered in the country and have not obtained relevant licenses for cryptocurrency asset service providers.
SEC states that individuals promoting these platforms within the Philippines may face criminal charges, with fines of up to 5 million Philippine pesos ($83,491.30) or a maximum of 21 years in prison.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin