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This week the Philippines Securities and Exchange Commission (SEC) revealed to the public that it plans to enforce securities regulations against cloud mining operations.Founded in 2011, Bitcoin Magazine is the oldest and most trusted source of news, insight, reviews, guides, and price analysis on bitcoin, ethereum, blockchain.
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Bitcoin Training | Live Bitcoin Certification TrainingThe Philippines Securities and Exchange Commission (SEC) issued an advisory on Cryptocurrency Cloud Mining Contracts that applies the Howey Test to classify these.Philippines President Rodrigo Duterte has threatened to ban all open-pit mining next year if companies do not conduct tree-planting projects.
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Bitbond - Profitable bitcoin lending | Global smallThe Philippines securities watchdog has warned that it will regulate cryptocurrency cloud mining contracts in the country under existing securities rules.
Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain.The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them.