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SEC Chair Emilio Aquino emphasized the prospective danger to investors' safety posed by ongoing entry to copyright's platform. In spite of copyright's substantial existence and activity in the Philippines, the SEC aims to provide traders with sufficient time to transition their investments to approved platforms. attempts to cripple our industry.??148]
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If you have already got copyright saved elsewhere, it is possible to transfer Those people funds into your new account.
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On top of that, the SEC has collaborated with important tech providers like Google and Meta to halt copyright's electronic promoting efforts targeting Filipino buyers, Even though the copyright app continues to be accessible for obtain on mainstream app suppliers.[127]
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In excess of 2022, Reuters launched quite a few investigative studies on copyright. In January, Reuters documented numerous scenarios in which copyright experienced withheld data from government investigators and small business partners and experienced disregarded warnings from their particular compliance groups concerning dollars laundering hazards and weak know your client compliance. copyright disputed the precision of the report.[47] In June, Reuters located that copyright experienced acted as being a conduit for that laundering of at least $2.}