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SEC Chair Emilio Aquino emphasized the potential menace to traders' protection posed by continued access to copyright's System. Irrespective of copyright's major presence and action during the Philippines, the SEC aims to provide investors with sufficient time for you to transition their investments to licensed platforms.
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copyright is the topic of lawsuits and worries from regulatory authorities all through its historical past. As a result, copyright has actually been banned from operating or requested to cease functions in some international locations, and has become issued fines. In 2021, copyright was put below investigation by equally America Division of Justice and Inside Profits Assistance on allegations of cash laundering and tax offenses.
Additionally, the SEC has collaborated with big tech organizations like Google and Meta to halt copyright's electronic marketing initiatives targeting Filipino end users, Even though the copyright app continues to be available for obtain on mainstream application shops.[134]
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