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SEC Chair Emilio Aquino emphasised the prospective risk to investors' security posed by ongoing entry to copyright's System. Irrespective of copyright's important existence and activity in the Philippines, the SEC aims to offer investors with ample the perfect time to transition their investments to licensed platforms.

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copyright has been the topic of lawsuits and problems from regulatory authorities throughout its background. Because of this, copyright has been banned from functioning or purchased to stop operations in a few countries, and has long been issued fines. In 2021, copyright was place underneath investigation by both The us Office of Justice and Interior Earnings Assistance on allegations of money laundering and tax offenses.

The company was founded in 2017 in China but moved its servers and headquarters out with the region in advance on the Chinese govt's ban on copyright trading in September 2017.

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