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SEC Chair Emilio Aquino emphasised the potential menace to investors' protection posed by ongoing entry to copyright's System. Irrespective of copyright's considerable presence and action from the Philippines, the SEC aims to deliver traders with sufficient time to changeover their investments to licensed platforms.
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As outlined by a 2024 report from the Wall Avenue Journal masking 2023, copyright fired quite a few users of its interior investigation team who had been tasked with investigating current market manipulation which include pump and dump techniques and wash trading. In accordance with the Wall Avenue Journal, an inside investigation within just copyright observed that a VIP shopper of the company, a investing and expense firm named DWF Labs, experienced Beforehand marketed its skill to govern the industry by generating "plausible" synthetic volume to boost the cost of tokens.
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