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SEC Chair Emilio Aquino emphasized the probable danger to investors' safety posed by continued use of copyright's System. Irrespective of copyright's considerable existence and exercise within the Philippines, the SEC aims to deliver buyers with ample time and energy to transition their investments to licensed platforms.

The investigation also observed examples of DWF selling tokens its founder experienced promoted leading to a crash in those token's selling price, and that is in step with a pump and dump scheme, and is from Binanace's terms of service. In reaction to this report, copyright fired the investigators and retained DWF as a shopper, declaring that the self buying and selling could have been accidental Which The interior team collaborated far too closely with among DWF's competition. copyright has denied any wrongdoing.[74]

All transactions are recorded on line in a electronic databases identified as a blockchain that takes advantage of impressive a person-way encryption to guarantee stability and evidence of possession.