The Philippine government will allow 10 Blockchain and cryptocurrency companies to operate in the Cagayan Economic Zone, Reuters reports April 25. The companies will reportedly be the first Blockchain and crypto-related firms to legally operate in the Philippines after the Cagayan Economic Zone Authority (CEZA) established a fintech hub with […]

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The Philippines Securities and Exchange Commission (SEC) issued an advisory on Cryptocurrency Cloud Mining Contracts that applies the Howey Test to classify these contracts as securities, the SEC outlined April 10. Cloud Mining contracts fall within the purview of securities law because they are “investment contracts,” whereby investors stake the […]

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Chinese e-commerce giant Alibaba has sued the Dubai-based Alibabacoin Foundation for copyright infringement after the latter’s ICO initially raised $3.5 mln, Reuters reported April 2. According to court filings from the US District Court in Manhattan seen by the publication, Alibabacoin engaged in “prominent, repeated, and intentionally misleading” behavior using […]

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