In an emailed press release, SEC bared that it has issued a cease and desist order against Payasian, directing it to stop enticing the public to invest in the so-called Paya cryptocurrency because it did not have the necessary license.However, its certificate of registration did not include an authority for the corporation to sell or offer securities to the public, an activity that requires a secondary license from the SEC.
The cease and desist order against Payasian covers the corporation’s partners, operators, directors, officers, salesmen agents, representatives, promoters, and all persons, conduit entities and subsidiaries claiming and acting for and on its behalf. It also offered referral rewards. A minimum investment of P8,145 for 1,040 Paya tokens would reportedly provide the investor a daily commission of P500. One could invest as much P5,800,058 to buy 740,749 Paya tokens in order to receive a maximum commission of P10,000 a day.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gov’t on top of the COVID-19 situation –DuterteThere will be proper audit of public funds and donations used in the government's operations against the COVID-19 pandemic, President Duterte assured the nation on Monday. like this As it should be.
Source: manilabulletin - 🏆 25. / 51 Read more »
Vico Sotto warns public of fake accounts; pokes fun at profile photoPasig City Mayor Vico Sotto sa fake accounts, 'Basta 'yung totoong account ko verified at pangit 'yung profile pic.” Basahin dito: Loko loko hahahaha
Source: gmanetwork - 🏆 12. / 63 Read more »
FDA warns against use of 'Prodex-B' drug mix to cure COVID-19 patientsThe Food and Drug Administration has cautioned against using a drug compound called 'Prodex-B' to cure novel coronavirus patients, saying that the product is unregistered. Was there proper clinical trials observed by FDA or they just judged Prodex without proper process?
Source: CNN Philippines - 🏆 13. / 63 Read more »
Duterte warns local officials against using COVID-19 crisis for own gainPano naman yung national official? Imbes na maglingkod sa mamamayan, eh laging asa tabi niyo. 😓😢 Ang Gara Mo sir, ginamit mo nga tong krisis para sa special powers eh na d nmn kailangan, pag sabihian ang sarili?
Source: ABSCBNNews - 🏆 5. / 83 Read more »
2 frontline health workers attackedThe discrimination against health workers in the frontline of the battle against the new coronavirus disease (COVID-19) has become violent. Wala na gani gamit ning uban, mag pasaway pa gyud. hasola aning mga tawhana please pangitaa na sila kita mo baws para sa mga healthworker Whats wrong with those people?
Source: cebudailynews - 🏆 8. / 71 Read more »
Rappler @rapplerdotcomLaging Handa public briefing | Monday, March 30 Philippine Ambassador to China Chito Sta Romana says talks are underway to have a medical team from China head to the Philippines to aid in responding to the coronavirus outbreak. | via sofiatomacruz sir paki shout ANG Coca Cola no water delivery sa mag merchants - waking mabenta na bottled water !!!
Source: rapplerdotcom - 🏆 4. / 86 Read more »